2022 Q2 Form 10-Q Financial Statement

#000162828022021187 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $611.9M $553.5M $1.310B
YoY Change 20.51% 34.59% 99.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $122.6M $120.5M $951.2M
YoY Change 47.03% -76.38% 99.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.78M $33.36M $30.75M
YoY Change 27.09% 211.79% 182.14%
% of Gross Profit
Operating Expenses $552.9M $611.7M $1.013B
YoY Change -46.05% 16.49% 105.71%
Operating Profit
YoY Change
Interest Expense $17.22M $15.65M $61.96M
YoY Change 149.33% -74.31% -42.69%
% of Operating Profit
Other Income/Expense, Net $18.50M $57.99M -$16.28M
YoY Change -62.76% 2.13% -1263.14%
Pretax Income $67.07M $161.3M $308.9M
YoY Change -79.03% -15.13% 12.23%
Income Tax $13.46M $20.41M $42.90M
% Of Pretax Income 20.07% 12.65% 13.89%
Net Earnings $39.73M $45.86M $124.1M
YoY Change -71.95% -21.44% 56.48%
Net Earnings / Revenue 6.49% 8.29% 9.47%
Basic Earnings Per Share
Diluted Earnings Per Share $226.8K $263.3K $656.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.077B $829.3M $1.393B
YoY Change -24.78% -28.94% 31.15%
Cash & Equivalents $252.9M $346.0M $343.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.273B $1.134B $1.674B
YoY Change -24.43% -15.03% 37.89%
LONG-TERM ASSETS
Property, Plant & Equipment $154.6M $161.1M $167.7M
YoY Change -7.35% 1.31% 7.47%
Goodwill $998.4M $1.000B $788.0M
YoY Change 138.98% 170.33% 112.36%
Intangibles
YoY Change
Long-Term Investments $16.48B $16.52B $16.50B
YoY Change 13.58% 19.05% 31.38%
Other Assets
YoY Change
Total Long-Term Assets $19.95B $20.00B $19.93B
YoY Change 17.68% 31.55% 42.82%
TOTAL ASSETS
Total Short-Term Assets $1.273B $1.134B $1.674B
Total Long-Term Assets $19.95B $20.00B $19.93B
Total Assets $21.23B $21.13B $21.61B
YoY Change 13.88% 27.79% 42.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.281B $2.287B $2.190B
YoY Change 41.83% 135.99% 169.42%
Accrued Expenses $594.0M $482.4M $515.3M
YoY Change 48.09% 74.79% 82.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.676B $1.595B $4.023B
YoY Change 77.95% 17.86% 135.11%
LONG-TERM LIABILITIES
Long-Term Debt $12.43B $12.49B $12.29B
YoY Change 18.32% 16.02% 14.6%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $12.43B $12.49B $12.29B
YoY Change 18.32% 16.02% 14.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.676B $1.595B $4.023B
Total Long-Term Liabilities $12.43B $12.49B $12.29B
Total Liabilities $16.46B $16.37B $16.69B
YoY Change 16.1% 25.09% 32.53%
SHAREHOLDERS EQUITY
Retained Earnings -$226.7M -$154.9M -$89.38M
YoY Change 72.53% -10.73% -41.13%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.639B $1.693B $1.825B
YoY Change
Total Liabilities & Shareholders Equity $21.23B $21.13B $21.61B
YoY Change 13.88% 27.79% 42.43%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $39.73M $45.86M $124.1M
YoY Change -71.95% -21.44% 56.48%
Depreciation, Depletion And Amortization $35.78M $33.36M $30.75M
YoY Change 27.09% 211.79% 182.14%
Cash From Operating Activities -$792.3M $224.2M -$752.3M
YoY Change 141.61% -130.24% 71.68%
INVESTING ACTIVITIES
Capital Expenditures -$9.924M -$8.524M -$12.07M
YoY Change 113.33% 158.3% 65.4%
Acquisitions
YoY Change
Other Investing Activities -$53.00K -$301.6M $19.00K
YoY Change -99.99% -100.63%
Cash From Investing Activities -$9.977M -$310.1M -$12.06M
YoY Change -98.73% 9344.21% 15.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 722.5M $93.04M 810.6M
YoY Change -32.96% -88.62% 597.03%
NET CHANGE
Cash From Operating Activities -792.3M $224.2M -752.3M
Cash From Investing Activities -9.977M -$310.1M -12.06M
Cash From Financing Activities 722.5M $93.04M 810.6M
Net Change In Cash -79.87M $2.387M 46.29M
YoY Change 141.53% -96.59% -113.93%
FREE CASH FLOW
Cash From Operating Activities -$792.3M $224.2M -$752.3M
Capital Expenditures -$9.924M -$8.524M -$12.07M
Free Cash Flow -$782.4M $232.7M -$740.2M
YoY Change 142.02% -131.54% 71.78%

Facts In Submission

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NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAttributableToRedeemableNoncontrollingInterest
216389000 usd
CY2021Q3 ares Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Including Redeemable Interest Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentIncludingRedeemableInterestNetOfTax
10968000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
65991000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13382000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3540526000 usd
CY2021Q4 ares Reallocation Of Partners Capital For Change In Ownership Interests
ReallocationOfPartnersCapitalForChangeInOwnershipInterests
-1687000 usd
CY2021Q4 ares Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuance
123959000 usd
CY2021Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
169065000 usd
CY2021Q4 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAttributableToRedeemableNoncontrollingInterest
267997000 usd
CY2021Q4 ares Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Including Redeemable Interest Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentIncludingRedeemableInterestNetOfTax
3158000 usd
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
46047000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9807000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3814426000 usd
us-gaap Profit Loss
ProfitLoss
194504000 usd
us-gaap Profit Loss
ProfitLoss
435629000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-568198000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1069043000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-320125000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-786096000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
815494000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1894872000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-17959000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3361000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-90788000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43094000 usd
ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
12835000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
299640000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
The Company has reclassified certain prior period amounts to conform to the current year presentation.
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
980953000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
882817000 usd
CY2022Q2 ares Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
-1010000 usd
CY2021Q4 ares Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
1792000 usd
CY2022Q2 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
979943000 usd
CY2021Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
884609000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
180265000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
115791000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
799678000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
768818000 usd
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
654000000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
654000000 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1453678000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1422818000 usd
CY2022Q1 ares Finite Lived Intangible Assets Fully Amortized And Written Off
FiniteLivedIntangibleAssetsFullyAmortizedAndWrittenOff
3400000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
787972000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
213328000 usd
us-gaap Goodwill Transfers
GoodwillTransfers
0 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2856000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
998444000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6400000 usd
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
53800000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8800000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
80400000 usd
CY2022Q2 ares Unfunded Capital Commitments
UnfundedCapitalCommitments
649600000 usd
CY2021Q4 ares Unfunded Capital Commitments
UnfundedCapitalCommitments
677300000 usd
CY2022Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
16600000 usd
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
209700000 usd
CY2022Q2 ares Percent Of The Contingent Liability Requiring Continued Service
PercentOfTheContingentLiabilityRequiringContinuedService
0.96
CY2022Q2 ares Percent Of The Contingent Liability Not Requiring Continued Service
PercentOfTheContingentLiabilityNotRequiringContinuedService
0.04
CY2022Q2 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
0 usd
CY2021Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
0 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1900000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1600000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
21557000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
142000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38826000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
166000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
38180000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
162000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36821000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
15000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
28011000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q2 ares Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
39605000 usd
CY2022Q2 ares Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
203000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
485000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13825000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
15000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
189175000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
470000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
10071000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9013000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
20134000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
17506000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
182000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
128000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
344000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
254000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
17000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
10256000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
9148000 usd
us-gaap Lease Cost
LeaseCost
20487000 usd
us-gaap Lease Cost
LeaseCost
17777000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
22170000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
16733000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
16000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
30000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
457000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
390000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
28000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5066000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30378000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0281
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48500000 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0181
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0280
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0294
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74200000 usd
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
37700000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
39400000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39731000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
124980000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85594000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177933000 usd
CY2022Q2 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3461000 usd
CY2021Q2 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3452000 usd
ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7046000 usd
ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
6693000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
4967000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2701000 usd
CY2022Q2 us-gaap Undistributed Earnings
UndistributedEarnings
36270000 usd
CY2021Q2 us-gaap Undistributed Earnings
UndistributedEarnings
116561000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
78548000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
168539000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39731000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
124980000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85594000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177933000 usd
CY2022Q2 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3461000 usd
CY2021Q2 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
7046000 usd
ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36270000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
124980000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
78548000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
177933000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49635000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69504000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
103286000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
125153000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2022Q2 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
8000000 usd
us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
16000000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
8600000 usd
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
290451548 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
454912 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
2874083 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
293776408 shares
CY2022Q2 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
293775408 shares
CY2021Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
290450548 shares
CY2022Q2 us-gaap Revenues
Revenues
611871000 usd
CY2021Q2 us-gaap Revenues
Revenues
507753000 usd
us-gaap Revenues
Revenues
1165350000 usd
us-gaap Revenues
Revenues
919001000 usd
CY2022Q2 ares Net Investment Income Expense
NetInvestmentIncomeExpense
2604000 usd
CY2021Q2 ares Net Investment Income Expense
NetInvestmentIncomeExpense
22921000 usd
ares Net Investment Income Expense
NetInvestmentIncomeExpense
4109000 usd
ares Net Investment Income Expense
NetInvestmentIncomeExpense
15098000 usd
CY2022Q2 us-gaap Assets
Assets
21226215000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
16464550000 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3668147000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21226215000 usd
CY2021Q4 us-gaap Assets
Assets
21605164000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
16694730000 usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3814426000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21605164000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
601430000 usd
CY2022Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
375775000 usd
CY2022Q2 us-gaap Noninterest Expense Related To Performance Fees
NoninterestExpenseRelatedToPerformanceFees
41073000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
122566000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
552868000 usd
CY2022Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-1775000 usd
CY2022Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1476000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
17221000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5809000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
18504000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67066000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13460000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
53606000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39731000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1294819000 usd
CY2021Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
269689000 usd
CY2021Q2 us-gaap Noninterest Expense Related To Performance Fees
NoninterestExpenseRelatedToPerformanceFees
656381000 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83362000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
1024732000 usd
CY2021Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
4977000 usd
CY2021Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
4482000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
6907000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1819000 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
49690000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
319777000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48458000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
271319000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
141644000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5425000 usd
CY2021Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
11239000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
124980000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1316429000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
729612000 usd
us-gaap Noninterest Expense Related To Performance Fees
NoninterestExpenseRelatedToPerformanceFees
173884000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
243089000 usd
us-gaap Operating Expenses
OperatingExpenses
1164552000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
6334000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2978000 usd
us-gaap Interest Expense
InterestExpense
32867000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7593000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
76498000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
228375000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33871000 usd
us-gaap Profit Loss
ProfitLoss
194504000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85594000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1953207000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
501539000 usd
us-gaap Noninterest Expense Related To Performance Fees
NoninterestExpenseRelatedToPerformanceFees
877813000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
151018000 usd
us-gaap Operating Expenses
OperatingExpenses
1549841000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
10410000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
5442000 usd
us-gaap Interest Expense
InterestExpense
13602000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5968000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
106475000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
509841000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74212000 usd
us-gaap Profit Loss
ProfitLoss
435629000 usd
us-gaap Net Income Loss
NetIncomeLoss
200022000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10850000 usd
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
11239000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177933000 usd
us-gaap Profit Loss
ProfitLoss
194504000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-568198000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-320125000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
815494000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-17959000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-90788000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
343655000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
252867000 usd
ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
12835000 usd
us-gaap Profit Loss
ProfitLoss
435629000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1069043000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-786096000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1894872000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3361000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43094000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582906000 usd
ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
299640000 usd

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