Ares management corporation (ARES)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Jun'13
Revenues
Total revenues

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management fees (includes ARCC Part I Fees of $28,417 and $33,257 for the three months ended March 31, 2018 and 2017, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

Performance fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

Other fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Expenses
Total expenses

1,175,649

1,462,797

1,316,383

1,147,870

1,033,186

870,362

965,455

992,394

1,219,574

1,504,758

1,493,364

1,522,611

1,378,349

1,016,420

902,469

755,481

664,115

769,040

796,888

863,839

910,372

0

0

0

0

Other income (expense)
Net realized and unrealized gains (losses) on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Net change in unrealized appreciation on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total other income (expense)

-133,194

122,539

83,241

89,208

121,872

96,242

246,174

261,569

184,723

239,118

86,537

105,727

132,053

59,967

110,966

-1,926

9,624

36,082

218,034

208,878

498,895

0

0

0

0

Income (loss) before taxes

-7,193

425,180

342,799

291,566

258,255

184,341

302,404

338,485

402,493

149,859

111,379

148,380

116,306

297,920

209,026

51,516

26,061

81,484

239,551

194,751

328,689

0

0

0

0

Income tax expense (benefit)

17,376

52,376

38,133

31,563

58,961

32,202

35,066

34,487

-1,163

-23,052

-25,312

-22,223

-27,910

11,019

11,195

9,133

19,670

19,064

18,140

17,828

0

-

0

0

0

Net income (loss)

-24,569

372,804

304,666

260,003

199,294

152,139

267,338

303,998

403,656

172,911

136,691

170,603

144,216

286,901

197,831

42,383

6,391

62,420

213,528

171,908

306,682

0

0

0

0

Net income (loss) attributable to non-controlling interests related to consolidated VIEs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Less: Net income attributable to redeemable interests in Ares Operating Group entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Less: net income (loss) attributable to redeemable, non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Net income (loss) attributable to Ares Management Corporation

72,899

148,884

122,356

104,935

61,021

57,020

84,679

96,607

158,260

76,178

70,601

86,068

73,764

111,808

77,974

23,320

-2,168

19,378

22,368

47,688

53,444

0

0

0

-

Less: Series A Preferred Stock dividends paid

21,700

21,700

21,700

21,700

21,700

21,700

21,700

21,700

21,700

21,700

21,700

23,026

17,601

12,176

0

0

0

-

-

-

-

-

-

-

-

Net income (loss) attributable to Ares Management Corporation Class A common stockholders

51,199

127,184

100,656

83,235

39,321

35,320

62,979

74,907

136,560

54,478

48,901

63,042

56,163

99,632

59,689

0

0

-

0

-

-

-

-

-

-

Net income (loss) attributable per share of Class A common stock
Basic (in dollars per share)

-0.33

0.27

0.24

0.24

0.36

0.02

0.09

-0.20

0.39

0.40

0.26

0.54

-0.58

-

0.45

0.46

-0.04

-0.01

-0.14

0.15

0.23

0.04

0.17

0.22

-

Diluted (in dollars per share)

-0.33

0.24

0.23

0.23

0.36

0.13

0.09

-0.20

0.28

0.41

0.26

0.53

-0.58

-

0.43

0.46

-0.04

-0.01

-0.14

0.15

0.23

0.04

0.17

0.22

-

Weighted-average shares of Class A common stock:
Basic (in shares)

118,366

115,082

108,481

105,188

102,906

101,730

98,706

98,037

85,617

82,249

82,166

81,829

81,106

80,805

80,793

80,715

80,683

80,678

80,676

80,671

80,667

-

80,667

79,424

-

Diluted (in shares)

118,366

130,316

121,890

116,603

110,699

-26,504

98,706

98,037

213,852

79,758

82,166

84,319

81,106

84,268

84,464

82,332

80,683

79,628

80,676

81,720

80,667

-

81,363

79,424

-

Dividend declared and paid per share of Class A common stock (in dollar per share)

-

-

-

0.32

-

-

-

0.37

0.40

0.41

0.31

0.13

0.28

-

0.28

0.15

0.20

0.13

0.26

0.25

0.24

-

0.18

-

-

Administrative, transaction and other fees
Total revenues

0

0

0

0

0

-

0

0

0

0

0

0

0

-

-

-

-

-

0

-

-

-

-

-

-

Ares Management L.P
Total revenues

1,301,650

1,765,438

1,575,941

1,350,228

1,169,569

958,461

1,021,685

1,069,310

1,437,344

1,415,499

1,518,206

1,565,264

1,362,602

1,254,373

1,000,529

808,923

680,552

814,442

818,405

849,712

740,166

0

0

0

0

Management fees (includes ARCC Part I Fees of $105,467, $121,181 and $121,491 for the years ended December 31, 2017, 2016 and 2015, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Carried interest allocation

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Incentive fees

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal investment income

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Administrative Services Revenue

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Compensation and benefits

676,590

653,352

636,387

615,765

592,587

570,380

548,572

534,197

0

514,109

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Performance related compensation

172,762

497,181

388,199

266,589

160,896

30,254

89,116

333,215

0

479,722

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

General, administrative and other expenses

281,363

270,219

256,429

228,199

222,701

215,964

202,627

202,223

0

196,730

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Transaction support expense

-

-

-

-

-

-

-

-

-

275,177

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized gains (losses) on investments

-1,956

9,554

-4,335

-315

2,431

-1,884

76,475

75,162

65,307

67,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest and dividend income

7,452

7,506

6,043

4,821

5,525

7,028

8,272

8,926

0

12,715

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

19,388

19,671

20,433

19,885

20,168

21,448

22,431

23,642

0

21,219

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

2,121

-7,840

-934

1,747

-5,037

-851

-3,979

-1,968

0

19,470

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Total other income

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense (benefit)

-

-

-

-

-

-

-

-

-

-24,939

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Funds
Expenses of Consolidated Funds

44,934

42,045

35,368

37,317

57,002

53,764

68,300

59,989

0

39,020

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized gains (losses) on investments

-243,989

15,136

-25,166

-18,737

15,866

-1,583

71,700

102,203

55,003

100,124

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest and dividend income

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

293,074

277,745

263,004

254,633

243,382

222,895

192,069

156,181

0

126,727

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income of Consolidated Funds

415,640

395,599

391,070

376,210

366,637

337,875

0

243,562

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense (benefit)

-

-

-

-

-

-

-

-

-

1,887

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to non-controlling interests related to consolidated VIEs

-144,326

39,704

38,972

36,233

37,769

20,512

41,613

19,797

0

60,818

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

AOG
Net income (loss) attributable to non-controlling interests related to consolidated VIEs

46,858

184,216

143,338

118,835

100,504

74,607

105,140

159,603

0

35,915

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-