2022 Q4 Form 10-K Financial Statement

#000162828023005081 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $937.7M $2.880B $1.310B
YoY Change -28.43% 25.83% 99.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $644.1M $695.3M $951.2M
YoY Change -32.29% 56.53% 99.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.24M $26.20M $30.75M
YoY Change 4.85% 18.55% 182.14%
% of Gross Profit
Operating Expenses $684.4M $2.749B $1.013B
YoY Change -32.44% -19.38% 105.71%
Operating Profit
YoY Change
Interest Expense $88.59M $71.36M $61.96M
YoY Change 42.99% 94.11% -42.69%
% of Operating Profit
Other Income/Expense, Net $2.925M $204.4M -$16.28M
YoY Change -117.96% -22.46% -1263.14%
Pretax Income $342.8M $510.8M $308.9M
YoY Change 10.99% -52.07% 12.23%
Income Tax $49.62M $71.89M $42.90M
% Of Pretax Income 14.47% 14.07% 13.89%
Net Earnings $114.0M $167.5M $124.1M
YoY Change -8.13% -59.02% 56.48%
Net Earnings / Revenue 12.16% 5.82% 9.47%
Basic Earnings Per Share
Diluted Earnings Per Share $0.64 $0.87 $656.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.115B $1.115B $1.393B
YoY Change -19.97% -19.97% 31.15%
Cash & Equivalents $390.0M $1.115B $343.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.299B $1.420B $1.674B
YoY Change -22.4% -24.07% 37.89%
LONG-TERM ASSETS
Property, Plant & Equipment $156.4M $236.0M $167.7M
YoY Change -6.74% -1.21% 7.47%
Goodwill $999.7M $788.0M
YoY Change 26.86% 112.36%
Intangibles
YoY Change
Long-Term Investments $17.18B $17.18B $16.50B
YoY Change 4.11% 4.11% 31.38%
Other Assets $68.93M
YoY Change 74.97%
Total Long-Term Assets $20.70B $20.58B $19.93B
YoY Change 3.88% 4.3% 42.82%
TOTAL ASSETS
Total Short-Term Assets $1.299B $1.420B $1.674B
Total Long-Term Assets $20.70B $20.58B $19.93B
Total Assets $22.00B $22.00B $21.61B
YoY Change 1.84% 1.84% 42.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.682B $2.682B $2.190B
YoY Change 22.45% 22.45% 169.42%
Accrued Expenses $700.7M $700.7M $515.3M
YoY Change 35.99% 35.99% 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 $3.954B $3.954B $4.023B
YoY Change -1.71% 78.56% 135.11%
LONG-TERM LIABILITIES
Long-Term Debt $13.14B $13.14B $12.29B
YoY Change 6.95% 6.95% 14.6%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $13.14B $13.14B $12.29B
YoY Change 6.95% 6.95% 14.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.954B $3.954B $4.023B
Total Long-Term Liabilities $13.14B $13.14B $12.29B
Total Liabilities $17.10B $20.41B $16.69B
YoY Change 2.41% 3.2% 32.53%
SHAREHOLDERS EQUITY
Retained Earnings -$369.5M -$89.38M
YoY Change 313.37% -41.13%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.589B $1.589B $1.825B
YoY Change
Total Liabilities & Shareholders Equity $22.00B $22.00B $21.61B
YoY Change 1.84% 1.84% 42.43%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $114.0M $167.5M $124.1M
YoY Change -8.13% -59.02% 56.48%
Depreciation, Depletion And Amortization $32.24M $26.20M $30.75M
YoY Change 4.85% 18.55% 182.14%
Cash From Operating Activities -$190.5M -$734.1M -$752.3M
YoY Change -74.68% -71.72% 71.68%
INVESTING ACTIVITIES
Capital Expenditures $7.408M $35.80M -$12.07M
YoY Change -161.35% -231.48% 65.4%
Acquisitions
YoY Change
Other Investing Activities $75.00K -$301.6M $19.00K
YoY Change 294.74% -71.48% -100.63%
Cash From Investing Activities -$7.333M -$337.4M -$12.06M
YoY Change -39.17% -68.89% 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 201.0M $1.128B 810.6M
YoY Change -75.21% -67.8% 597.03%
NET CHANGE
Cash From Operating Activities -190.5M -$734.1M -752.3M
Cash From Investing Activities -7.333M -$337.4M -12.06M
Cash From Financing Activities 201.0M $1.128B 810.6M
Net Change In Cash 3.142M $46.33M 46.29M
YoY Change -93.21% -123.62% -113.93%
FREE CASH FLOW
Cash From Operating Activities -$190.5M -$734.1M -$752.3M
Capital Expenditures $7.408M $35.80M -$12.07M
Free Cash Flow -$197.9M -$769.9M -$740.2M
YoY Change -73.26% -70.03% 71.78%

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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
46332000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-196157000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
401428000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
138384000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
539812000 usd
CY2022 ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
12835000 usd
CY2021 ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
510848000 usd
CY2020 ares Non Cash Contrib Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NonCashContribNoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
305338000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
320329000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
205085000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
257132000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
104864000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
22788000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
38174000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
The Company has reclassified certain prior period amounts to conform to the current year presentation.
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="text-indent:24.75pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenses and other income (expense) during the reporting periods. Assumptions and estimates regarding the valuation of investments involve a high degree of judgment and complexity and may have a significant impact on net income. Actual results could differ from these estimates and such differences could be material to the consolidated financial statements.</span></div>
CY2022Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
25 loan_obligation
CY2021Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
23 loan_obligation
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-13500000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-4800000 usd
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
13100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
859957000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
882817000 usd
CY2022Q4 ares Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
935000 usd
CY2021Q4 ares Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
1792000 usd
CY2022Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
860892000 usd
CY2021Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
884609000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
220472000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
115791000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
640420000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
768818000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
567800000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
654000000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1208220000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1422818000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
181600000 usd
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 ares Finite Lived Intangible Assets Impaired And Fully Amortized Written Off
FiniteLivedIntangibleAssetsImpairedAndFullyAmortizedWrittenOff
210600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
125873000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
114928000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
106684000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
78232000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
65285000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
149418000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
640420000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
371047000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
417753000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-828000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
787972000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
213218000 usd
CY2022 us-gaap Goodwill Transfers
GoodwillTransfers
0 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1534000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
999656000 usd
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
21700000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
114900000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
22500000 usd
CY2022Q4 ares Unfunded Capital Commitments
UnfundedCapitalCommitments
677900000 usd
CY2022 us-gaap Depreciation
Depreciation
26200000 usd
CY2021 us-gaap Depreciation
Depreciation
22100000 usd
CY2020 us-gaap Depreciation
Depreciation
19000000 usd
CY2022Q4 ares Property Plant And Equipment Fully Depreciated
PropertyPlantAndEquipmentFullyDepreciated
10000000 usd
CY2021Q4 ares Unfunded Capital Commitments
UnfundedCapitalCommitments
677300000 usd
CY2022Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
31500000 usd
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
209700000 usd
CY2022Q4 ares Percent Of The Contingent Liability Requiring Continued Service
PercentOfTheContingentLiabilityRequiringContinuedService
0.96
CY2022Q4 ares Percent Of The Contingent Liability Not Requiring Continued Service
PercentOfTheContingentLiabilityNotRequiringContinuedService
0.04
CY2022 ares Share Based Compensation Expense Recognition Period
ShareBasedCompensationExpenseRecognitionPeriod
P4Y
CY2022Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
0 usd
CY2021Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
0 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
2100000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1600000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
46532000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
167000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
42716000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
162000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
37242000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
11000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
25198000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15864000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
36077000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
203629000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
340000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13013000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
10000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
190616000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
330000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
42746000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
38135000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
31713000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
633000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
561000 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
469000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
27000 usd
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
43000 usd
CY2022 us-gaap Lease Cost
LeaseCost
43393000 usd
CY2021 us-gaap Lease Cost
LeaseCost
38723000 usd
CY2020 us-gaap Lease Cost
LeaseCost
32225000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
46558000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
37500000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
32121000 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
39000 usd
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
53000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
593000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
535000 usd
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
460000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
189000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
43331000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
57624000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36935000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0272
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0181
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0299
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0294
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
64516000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
64754000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39818000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7375000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
82631000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15175000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71891000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
147385000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54993000 usd
CY2021 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
-0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 ares Effective Income Tax Rate Reconciliation Income Passed Through
EffectiveIncomeTaxRateReconciliationIncomePassedThrough
-0.089
CY2021 ares Effective Income Tax Rate Reconciliation Income Passed Through
EffectiveIncomeTaxRateReconciliationIncomePassedThrough
-0.092
CY2020 ares Effective Income Tax Rate Reconciliation Income Passed Through
EffectiveIncomeTaxRateReconciliationIncomePassedThrough
-0.082
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.014
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003
CY2022 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
0.006
CY2020 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
-0.005
CY2022 ares Effective Income Tax Rate Reconciliation Disallowed Executive Compensation
EffectiveIncomeTaxRateReconciliationDisallowedExecutiveCompensation
0.001
CY2021 ares Effective Income Tax Rate Reconciliation Disallowed Executive Compensation
EffectiveIncomeTaxRateReconciliationDisallowedExecutiveCompensation
0.007
CY2020 ares Effective Income Tax Rate Reconciliation Disallowed Executive Compensation
EffectiveIncomeTaxRateReconciliationDisallowedExecutiveCompensation
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.003
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.138
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.145
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2200000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1000000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
167541000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
386748000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
130442000 usd
CY2022 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
14096000 usd
CY2021 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10986000 usd
CY2020 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10454000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7138000 usd
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022 us-gaap Undistributed Earnings
UndistributedEarnings
153445000 usd
CY2021 us-gaap Undistributed Earnings
UndistributedEarnings
368624000 usd
CY2020 us-gaap Undistributed Earnings
UndistributedEarnings
119988000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
167541000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
386748000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
130442000 usd
CY2022 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
14096000 usd
CY2021 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2020 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
153445000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
386748000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
130442000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200391000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
237191000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
122986000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.61
CY2022 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
31800000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
21200000 usd
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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