$ARES Balance Sheet | Understand Stock

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$ARES

$123.08 -$5.20 (4.05%)

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Balance Sheet

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$568.8M -8.04% YoY	$488.9M -82.13% YoY	$496.7M -70.19% YoY	$509.7M -66.59% YoY	$618.5M -59.98% YoY	$2.735B 82.63% YoY	$1.666B 39.19% YoY	$1.525B 40.08% YoY	$1.546B 50.48% YoY	$1.498B 34.38% YoY	$1.197B 14.49% YoY	$1.089B 1.12% YoY	$1.027B 23.87% YoY	$1.115B -19.97% YoY	$1.045B -44.3% YoY	$1.077B -24.78% YoY	$829.3M -28.94% YoY	$1.393B 31.15% YoY	$1.877B 52.12% YoY	$1.432B 24.72% YoY
Cash & Equivalents	$568.8M -8.04% YoY	$488.9M -67.58% YoY	$496.7M 41.85% YoY	$509.7M 79.18% YoY	$618.5M 78.6% YoY	$1.508B 332.99% YoY	$350.1M 12.29% YoY	$284.4M 2.75% YoY	$346.3M 27.21% YoY	$348.3M -10.7% YoY	$311.8M -13.74% YoY	$276.8M 9.48% YoY	$272.2M -21.32% YoY	$390.0M 13.48% YoY	$361.5M 22.25% YoY	$252.9M -56.62% YoY	$346.0M -43.26% YoY	$343.7M -36.34% YoY	$295.7M -65.96% YoY	$582.9M -34.51% YoY
Short-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Short-Term Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Prepaid Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Receivables	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Short-Term Assets	$1.533B -21.2% YoY	$1.709B -43.21% YoY	$1.648B -10.57% YoY	$1.723B 0.87% YoY	$1.946B 8.72% YoY	$3.009B 82.95% YoY	$1.843B 36.48% YoY	$1.708B 32.77% YoY	$1.790B 34.3% YoY	$1.645B 26.61% YoY	$1.350B 9.29% YoY	$1.287B 1.09% YoY	$1.333B 17.56% YoY	$1.299B -22.4% YoY	$1.235B -40.16% YoY	$1.273B -24.43% YoY	$1.134B -15.03% YoY	$1.674B 37.89% YoY	$2.064B 44.16% YoY	$1.684B 18.19% YoY
LONG-TERM ASSETS
Property, Plant & Equipment	$564.6M 3.25% YoY	$517.4M 1.18% YoY	$526.0M 23.34% YoY	$540.5M 133.44% YoY	$546.8M 130.7% YoY	$511.3M 105.08% YoY	$426.5M 64.03% YoY	$231.5M 35.46% YoY	$237.0M 52.67% YoY	$249.3M 59.47% YoY	$260.0M 62.27% YoY	$170.9M 10.54% YoY	$155.3M -3.62% YoY	$156.4M -6.74% YoY	$160.2M -9.22% YoY	$154.6M -7.35% YoY	$161.1M 1.31% YoY	$167.7M 7.47% YoY	$176.5M 27.91% YoY	$166.9M 17.53% YoY
Goodwill	$3.463B -1.03% YoY	$3.454B 197.09% YoY	$3.437B 203.37% YoY	$3.436B 204.0% YoY	$3.499B 209.65% YoY	$1.163B 3.44% YoY	$1.133B 13.56% YoY	$1.130B 13.26% YoY	$1.130B 13.13% YoY	$1.124B 12.44% YoY	$997.8M 0.11% YoY	$998.0M -0.04% YoY	$998.9M -0.14% YoY	$999.7M 26.86% YoY	$996.7M 26.53% YoY	$998.4M 138.98% YoY	$1.000B 170.33% YoY	$788.0M 112.36% YoY	$787.8M 113.2% YoY	$417.8M 190.68% YoY
Intangibles	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$18.23B 8.06% YoY	$18.35B 5.58% YoY	$17.01B -8.29% YoY	$17.24B -7.47% YoY	$16.87B -10.3% YoY	$17.38B -9.59% YoY	$18.55B -0.62% YoY	$18.63B 0.39% YoY	$18.80B 9.16% YoY	$19.23B 11.92% YoY	$18.66B 11.84% YoY	$18.56B 12.61% YoY	$17.23B 4.25% YoY	$17.18B 4.11% YoY	$16.69B 13.64% YoY	$16.48B 13.58% YoY	$16.52B 19.05% YoY	$16.50B 31.38% YoY	$14.68B 20.29% YoY	$14.51B 26.33% YoY
Other Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Long-Term Assets	$26.86B 6.44% YoY	$26.92B 23.08% YoY	$25.38B 11.92% YoY	$25.54B 13.6% YoY	$25.24B 11.55% YoY	$21.88B -5.24% YoY	$22.68B 2.93% YoY	$22.48B 2.99% YoY	$22.62B 9.84% YoY	$23.09B 11.51% YoY	$22.03B 10.33% YoY	$21.83B 9.42% YoY	$20.60B 2.99% YoY	$20.70B 3.88% YoY	$19.97B 11.76% YoY	$19.95B 17.68% YoY	$20.00B 31.55% YoY	$19.93B 42.82% YoY	$17.87B 32.4% YoY	$16.96B 37.9% YoY
TOTAL ASSETS
Total Short-Term Assets	$1.533B -21.2% YoY	$1.709B -43.21% YoY	$1.648B -10.57% YoY	$1.723B 0.87% YoY	$1.946B 8.72% YoY	$3.009B 82.95% YoY	$1.843B 36.48% YoY	$1.708B 32.77% YoY	$1.790B 34.3% YoY	$1.645B 26.61% YoY	$1.350B 9.29% YoY	$1.287B 1.09% YoY	$1.333B 17.56% YoY	$1.299B -22.4% YoY	$1.235B -40.16% YoY	$1.273B -24.43% YoY	$1.134B -15.03% YoY	$1.674B 37.89% YoY	$2.064B 44.16% YoY	$1.684B 18.19% YoY
Total Long-Term Assets	$26.86B	$26.92B	$25.38B	$25.54B	$25.24B	$21.88B	$22.68B	$22.48B	$22.62B	$23.09B	$22.03B	$21.83B	$20.60B	$20.70B	$19.97B	$19.95B	$20.00B	$19.93B	$17.87B	$16.96B
Total Assets	$28.39B 4.46% YoY	$28.63B 15.07% YoY	$27.03B 10.23% YoY	$27.26B 12.7% YoY	$27.18B 11.34% YoY	$24.88B 0.62% YoY	$24.52B 4.87% YoY	$24.19B 4.64% YoY	$24.41B 11.33% YoY	$24.73B 12.4% YoY	$23.38B 10.27% YoY	$23.12B 8.92% YoY	$21.93B 3.77% YoY	$22.00B 1.84% YoY	$21.21B 6.38% YoY	$21.23B 13.88% YoY	$21.13B 27.79% YoY	$21.61B 42.43% YoY	$19.93B 33.53% YoY	$18.64B 35.86% YoY
SHORT-TERM LIABILITIES
Accounts Payable	$4.363B 21.32% YoY	$4.261B 32.16% YoY	$4.029B 33.06% YoY	$3.685B 32.27% YoY	$3.596B 23.92% YoY	$3.224B 9.74% YoY	$3.028B -0.6% YoY	$2.786B -9.31% YoY	$2.902B 3.13% YoY	$2.938B 9.54% YoY	$3.046B 26.81% YoY	$3.072B 34.69% YoY	$2.814B 23.05% YoY	$2.682B 22.45% YoY	$2.402B 26.73% YoY	$2.281B 41.83% YoY	$2.287B 135.99% YoY	$2.190B 169.42% YoY	$1.895B 155.44% YoY	$1.608B 124.91% YoY
Accrued Expenses	$1.153B 16.81% YoY	$1.143B 23.87% YoY	$1.333B 42.32% YoY	$1.125B 87.18% YoY	$986.8M 87.56% YoY	$922.8M 52.06% YoY	$936.7M 36.15% YoY	$601.0M 31.33% YoY	$526.1M 29.84% YoY	$606.8M -13.4% YoY	$688.0M -12.75% YoY	$457.6M -22.96% YoY	$405.2M -16.0% YoY	$700.7M 35.99% YoY	$788.5M 50.41% YoY	$594.0M 48.09% YoY	$482.4M 74.79% YoY	$515.3M 82.08% YoY	$524.3M 38.69% YoY	$401.1M 39.27% YoY
Deferred Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Short-Term Debt	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Long-Term Debt Due	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Short-Term Liabilities	$6.594B 15.28% YoY	$6.380B 28.11% YoY	$6.350B 33.48% YoY	$5.641B 33.06% YoY	$5.720B 31.43% YoY	$4.980B 16.55% YoY	$4.757B 6.72% YoY	$4.240B -0.88% YoY	$4.352B 10.13% YoY	$4.273B 8.07% YoY	$4.458B 153.69% YoY	$4.277B 16.37% YoY	$3.952B 147.82% YoY	$3.954B -1.71% YoY	$1.757B -49.58% YoY	$3.676B 77.95% YoY	$1.595B 17.86% YoY	$4.023B 135.11% YoY	$3.485B 86.57% YoY	$2.066B 114.71% YoY
LONG-TERM LIABILITIES
Long-Term Debt	$13.42B 5.9% YoY	$13.55B 8.37% YoY	$12.05B -13.22% YoY	$12.78B -9.94% YoY	$12.67B -15.71% YoY	$12.51B -18.98% YoY	$13.89B 0.03% YoY	$14.20B 2.68% YoY	$15.03B 12.25% YoY	$15.44B 17.44% YoY	$13.88B 11.21% YoY	$13.83B 11.2% YoY	$13.39B 7.25% YoY	$13.14B 6.95% YoY	$12.48B 8.42% YoY	$12.43B 18.32% YoY	$12.49B 16.02% YoY	$12.29B 14.6% YoY	$11.51B 10.55% YoY	$10.51B 4.66% YoY
Other Long-Term Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Long-Term Liabilities	$13.42B 5.9% YoY	$13.55B 8.37% YoY	$12.05B -13.22% YoY	$12.78B -9.94% YoY	$12.67B -15.71% YoY	$12.51B -18.98% YoY	$13.89B 0.03% YoY	$14.20B 2.68% YoY	$15.03B 12.25% YoY	$15.44B 17.44% YoY	$13.88B 11.21% YoY	$13.83B 11.2% YoY	$13.39B 7.25% YoY	$13.14B 6.95% YoY	$12.48B 8.42% YoY	$12.43B 18.32% YoY	$12.49B 16.02% YoY	$12.29B 14.6% YoY	$11.51B 10.55% YoY	$10.51B 4.66% YoY
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.594B 15.28% YoY	$6.380B 28.11% YoY	$6.350B 33.48% YoY	$5.641B 33.06% YoY	$5.720B 31.43% YoY	$4.980B 16.55% YoY	$4.757B 6.72% YoY	$4.240B -0.88% YoY	$4.352B 10.13% YoY	$4.273B 8.07% YoY	$4.458B 153.69% YoY	$4.277B 16.37% YoY	$3.952B 147.82% YoY	$3.954B -1.71% YoY	$1.757B -49.58% YoY	$3.676B 77.95% YoY	$1.595B 17.86% YoY	$4.023B 135.11% YoY	$3.485B 86.57% YoY	$2.066B 114.71% YoY
Total Long-Term Liabilities	$13.42B 5.9% YoY	$13.55B 8.37% YoY	$12.05B -13.22% YoY	$12.78B -9.94% YoY	$12.67B -15.71% YoY	$12.51B -18.98% YoY	$13.89B 0.03% YoY	$14.20B 2.68% YoY	$15.03B 12.25% YoY	$15.44B 17.44% YoY	$13.88B 11.21% YoY	$13.83B 11.2% YoY	$13.39B 7.25% YoY	$13.14B 6.95% YoY	$12.48B 8.42% YoY	$12.43B 18.32% YoY	$12.49B 16.02% YoY	$12.29B 14.6% YoY	$11.51B 10.55% YoY	$10.51B 4.66% YoY
Total Liabilities	$20.01B 8.82% YoY	$19.93B 13.99% YoY	$18.40B -1.3% YoY	$18.43B -0.05% YoY	$18.39B -5.12% YoY	$17.49B -11.28% YoY	$18.64B 1.65% YoY	$18.44B 1.84% YoY	$19.38B 11.76% YoY	$19.71B 15.27% YoY	$18.34B 10.2% YoY	$18.10B 9.95% YoY	$17.34B 5.96% YoY	$17.10B 2.41% YoY	$16.64B 8.8% YoY	$16.46B 16.1% YoY	$16.37B 25.09% YoY	$16.69B 32.53% YoY	$15.30B 22.77% YoY	$14.18B 21.04% YoY
SHAREHOLDERS EQUITY
Retained Earnings	-$1.657B 54.22% YoY	-$1.452B 73.45% YoY	-$1.219B 53.8% YoY	-$1.222B 71.37% YoY	-$1.074B 75.35% YoY	-$837.3M 69.12% YoY	-$792.4M 53.76% YoY	-$712.9M 67.52% YoY	-$612.6M 45.56% YoY	-$495.1M 34.0% YoY	-$515.4M 37.72% YoY	-$425.5M 87.7% YoY	-$420.8M 171.63% YoY	-$369.5M 313.37% YoY	-$374.2M 190.12% YoY	-$226.7M 72.53% YoY	-$154.9M -10.73% YoY	-$89.38M -41.13% YoY	-$129.0M -21.39% YoY	-$131.4M -9.41% YoY
Common Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Preferred Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock (at cost)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock Shares	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Shareholders Equity	$4.025B -9.62% YoY	$4.275B 20.65% YoY	$4.474B 115.5% YoY	$4.362B 117.9% YoY	$4.454B 152.0% YoY	$3.544B 87.16% YoY	$2.076B 19.78% YoY	$2.002B 14.39% YoY	$1.767B 5.84% YoY	$1.893B 19.14% YoY	$1.733B 14.65% YoY	$1.750B 6.75% YoY	$1.670B -1.37% YoY	$1.589B -12.93% YoY	$1.512B -13.78% YoY	$1.639B 1.05% YoY	$1.693B 45.76% YoY	$1.825B 52.91% YoY	$1.753B 53.5% YoY	$1.622B 71.66% YoY
Total Liabilities & Shareholders Equity	$28.39B 4.46% YoY	$28.63B 15.07% YoY	$27.03B 10.23% YoY	$27.26B 12.7% YoY	$27.18B 11.34% YoY	$24.88B 0.62% YoY	$24.52B 4.87% YoY	$24.19B 4.64% YoY	$24.41B 11.33% YoY	$24.73B 12.4% YoY	$23.38B 10.27% YoY	$23.12B 8.92% YoY	$21.93B 3.77% YoY	$22.00B 1.84% YoY	$21.21B 6.38% YoY	$21.23B 13.88% YoY	$21.13B 27.79% YoY	$21.61B 42.43% YoY	$19.93B 33.53% YoY	$18.64B 35.86% YoY