2023 Q4 Form 10-K Financial Statement

#000162828024007014 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $1.054B $3.236B
YoY Change 12.4% 12.37%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $718.6M $660.1M
YoY Change 11.57% -5.05%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.00M $31.40M
YoY Change -3.86% 19.85%
% of Gross Profit
Operating Expenses $764.9M $2.798B
YoY Change 11.77% 1.77%
Operating Profit
YoY Change
Interest Expense $193.8M $494.2M
YoY Change 118.71% 592.61%
% of Operating Profit
Other Income/Expense, Net $5.887M $499.0M
YoY Change 101.26% 144.09%
Pretax Income $483.1M $1.333B
YoY Change 40.92% 160.97%
Income Tax $59.55M $173.0M
% Of Pretax Income 12.33% 12.98%
Net Earnings $168.6M $474.3M
YoY Change 47.91% 183.11%
Net Earnings / Revenue 16.0% 14.66%
Basic Earnings Per Share
Diluted Earnings Per Share $0.72 $2.31
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.498B $1.498B
YoY Change 34.38% 34.38%
Cash & Equivalents $348.3M $1.498B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.645B $1.847B
YoY Change 26.61% 30.11%
LONG-TERM ASSETS
Property, Plant & Equipment $249.3M $371.5M
YoY Change 59.47% 57.42%
Goodwill $1.124B
YoY Change 12.44%
Intangibles
YoY Change
Long-Term Investments $19.23B $19.23B
YoY Change 11.92% 11.92%
Other Assets $21.55M
YoY Change -68.74%
Total Long-Term Assets $23.09B $22.88B
YoY Change 11.51% 11.17%
TOTAL ASSETS
Total Short-Term Assets $1.645B $1.847B
Total Long-Term Assets $23.09B $22.88B
Total Assets $24.73B $24.73B
YoY Change 12.4% 12.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.938B $2.938B
YoY Change 9.54% 9.54%
Accrued Expenses $606.8M $606.8M
YoY Change -13.4% -13.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.273B $4.273B
YoY Change 8.07% 8.07%
LONG-TERM LIABILITIES
Long-Term Debt $15.44B $15.44B
YoY Change 17.44% 17.44%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $15.44B $15.44B
YoY Change 17.44% 17.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.273B $4.273B
Total Long-Term Liabilities $15.44B $15.44B
Total Liabilities $19.71B $22.84B
YoY Change 15.27% 11.87%
SHAREHOLDERS EQUITY
Retained Earnings -$495.1M
YoY Change 34.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.893B $1.893B
YoY Change
Total Liabilities & Shareholders Equity $24.73B $24.73B
YoY Change 12.4% 12.4%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $168.6M $474.3M
YoY Change 47.91% 183.11%
Depreciation, Depletion And Amortization $31.00M $31.40M
YoY Change -3.86% 19.85%
Cash From Operating Activities -$560.1M -$233.3M
YoY Change 193.98% -68.23%
INVESTING ACTIVITIES
Capital Expenditures $23.01M $67.18M
YoY Change 210.56% 87.68%
Acquisitions
YoY Change
Other Investing Activities -$43.90M -$43.90M
YoY Change -58628.0% -85.44%
Cash From Investing Activities -$66.90M -$111.1M
YoY Change 812.34% -67.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 633.7M $292.1M
YoY Change 215.32% -74.1%
NET CHANGE
Cash From Operating Activities -560.1M -$233.3M
Cash From Investing Activities -66.90M -$111.1M
Cash From Financing Activities 633.7M $292.1M
Net Change In Cash 6.775M -$41.71M
YoY Change 115.63% -190.03%
FREE CASH FLOW
Cash From Operating Activities -$560.1M -$233.3M
Capital Expenditures $23.01M $67.18M
Free Cash Flow -$583.1M -$300.4M
YoY Change 194.6% -60.98%

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167541000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
386748000 usd
CY2023 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
1160092000 usd
CY2022 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
438915000 usd
CY2021 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
918305000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
19855000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-33911000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1179947000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
405004000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
896841000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
483682000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
154410000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
406499000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2471774000 usd
CY2021 ares Reallocation Of Partners Capital For Change In Ownership Interests
ReallocationOfPartnersCapitalForChangeInOwnershipInterests
-217492000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
827430000 usd
CY2021 ares Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuance
572751000 usd
CY2021 ares Preferred Stock Redemption
PreferredStockRedemption
310000000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
703253000 usd
CY2021 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAttributableToRedeemableNoncontrollingInterest
919646000 usd
CY2021 ares Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Including Redeemable Interest Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentIncludingRedeemableInterestNetOfTax
20837000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
237191000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
37216000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3814426000 usd
CY2022 ares Reallocation Of Partners Capital For Change In Ownership Interests
ReallocationOfPartnersCapitalForChangeInOwnershipInterests
-198058000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12835000 usd
CY2022 ares Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuance
554591000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1012768000 usd
CY2022 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAttributableToRedeemableNoncontrollingInterest
439766000 usd
CY2022 ares Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Including Redeemable Interest Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentIncludingRedeemableInterestNetOfTax
33485000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
200106000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3798618000 usd
CY2023 ares Reallocation Of Partners Capital For Change In Ownership Interests
ReallocationOfPartnersCapitalForChangeInOwnershipInterests
-280523000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
239545000 usd
CY2023 ares Noncontrolling Interest Increase Decrease From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseDecreaseFromSubsidiaryEquityIssuance
324072000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1128911000 usd
CY2023 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Attributable To Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAttributableToRedeemableNoncontrollingInterest
1159866000 usd
CY2023 ares Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Including Redeemable Interest Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentIncludingRedeemableInterestNetOfTax
-19896000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
255791000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
85959000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4474313000 usd
CY2022 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
438915000 usd
CY2021 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
918305000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-233261000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-734112000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2596045000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-111079000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-337379000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1084633000 usd
CY2023 ares Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Including Redeemable Interest Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentIncludingRedeemableInterestNetOfTax
-19896000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
255791000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
85959000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4474313000 usd
CY2023 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
1160092000 usd
CY2022 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
438915000 usd
CY2021 ares Net Income Loss Including Portion Attributable To Noncontrolling Interest And Consolidated Entities
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndConsolidatedEntities
918305000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-233261000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-734112000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2596045000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-111079000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-337379000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1084633000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
292126000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1128063000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3503625000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10501000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10240000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-19104000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-41713000 usd
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
CY2023 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
239545000 usd
CY2022 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
12835000 usd
CY2023 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue
245647000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
722643000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
62007000 usd
CY2023Q4 ares Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
1126000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
292126000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1128063000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3503625000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10501000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10240000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-19104000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-41713000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-196157000 usd
CY2023 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
239545000 usd
CY2022 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
12835000 usd
CY2021 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
510848000 usd
CY2023 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue
245647000 usd
CY2022 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue
0 usd
CY2021 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue
0 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
722643000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
62007000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
The Company has reclassified certain prior period amounts to conform to the current year presentation.
CY2023 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 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
935000 usd
CY2023Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
806788000 usd
CY2022Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
860892000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
316093000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
The Company has reclassified certain prior period amounts to conform to the current year presentation.
CY2023 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 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2023Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
28 loan_obligation
CY2022Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
25 loan_obligation
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
220472000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
490695000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
640420000 usd
CY2023Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
28 loan_obligation
CY2022Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
25 loan_obligation
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1058495000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1208220000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
126000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
133600000 usd
CY2023 ares Finite Lived Intangible Assets Impaired And Fully Amortized Written Off
FiniteLivedIntangibleAssetsImpairedAndFullyAmortizedWrittenOff
109300000 usd
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
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.007
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
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.007
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
CY2023 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
0.002
CY2022 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
0.006
CY2021 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
-0.003
CY2023 ares Effective Income Tax Rate Reconciliation Disallowed Executive Compensation
EffectiveIncomeTaxRateReconciliationDisallowedExecutiveCompensation
0.002
CY2022 ares Effective Income Tax Rate Reconciliation Disallowed Executive Compensation
EffectiveIncomeTaxRateReconciliationDisallowedExecutiveCompensation
0.001
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
115722000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
102987000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
77047000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-9100000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-13500000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-4800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
62907000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
38904000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
93128000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
490695000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-9100000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-13500000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-4800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
805662000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
859957000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
805662000 usd
CY2022Q4 ares Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
935000 usd
CY2023Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
806788000 usd
CY2022Q4 ares Finite Lived Intangible Assets Net Of Foreign Currency Translation
FiniteLivedIntangibleAssetsNetOfForeignCurrencyTranslation
860892000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
316093000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
640420000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1058495000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1208220000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
126000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
133600000 usd
CY2023 ares Finite Lived Intangible Assets Impaired And Fully Amortized Written Off
FiniteLivedIntangibleAssetsImpairedAndFullyAmortizedWrittenOff
109300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
115722000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
102987000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
77047000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
62907000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
38904000 usd
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CommonStockSharesOutstanding
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CY2023Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
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CY2022Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
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CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2023 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
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CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
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CY2022Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
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Revenues
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CY2022 us-gaap Revenues
Revenues
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Revenues
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NetInvestmentIncomeExpense
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NetInvestmentIncomeExpense
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NetInvestmentIncomeExpense
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NumberOfEntitiesDeconsolidatedDueToLiquidationOrSignificantChangeInOwnershipOrControl
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CY2023 ares Number Of Entities Deconsolidated Due To Liquidation Or Significant Change In Ownership Or Control
NumberOfEntitiesDeconsolidatedDueToLiquidationOrSignificantChangeInOwnershipOrControl
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NumberOfEntitiesDeconsolidatedDueToLiquidationOrSignificantChangeInOwnershipOrControl
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CY2022Q4 us-gaap Liabilities
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CY2022 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
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NetInvestmentIncomeExpense
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CY2022 ares Net Investment Income Expense
NetInvestmentIncomeExpense
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CY2021 ares Net Investment Income Expense
NetInvestmentIncomeExpense
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CY2023 ares Number Of Entities Deconsolidated Due To Liquidation Or Significant Change In Ownership Or Control
NumberOfEntitiesDeconsolidatedDueToLiquidationOrSignificantChangeInOwnershipOrControl
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CY2023 ares Number Of Entities Deconsolidated Due To Liquidation Or Significant Change In Ownership Or Control
NumberOfEntitiesDeconsolidatedDueToLiquidationOrSignificantChangeInOwnershipOrControl
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CY2021 ares Number Of Entities Deconsolidated Due To Liquidation Or Significant Change In Ownership Or Control
NumberOfEntitiesDeconsolidatedDueToLiquidationOrSignificantChangeInOwnershipOrControl
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Liabilities
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CY2023Q4 us-gaap Commitments And Contingencies
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CY2022Q4 us-gaap Assets
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CY2023 us-gaap Selling General And Administrative Expense
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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
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SellingGeneralAndAdministrativeExpense
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CY2022 us-gaap Operating Expenses
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NonoperatingIncomeExpense
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CY2022 us-gaap Income Tax Expense Benefit
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NetIncomeLossAttributableToNoncontrollingInterestConsolidatedEntities
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CY2022 us-gaap Profit Loss
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LaborAndRelatedExpense
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SellingGeneralAndAdministrativeExpense
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NetIncomeLossAttributableToNoncontrollingInterestConsolidatedEntities
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CY2021 us-gaap Profit Loss
ProfitLoss
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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterestParentOnly
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2021 us-gaap Preferred Stock Redemption Premium
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NetIncomeLossAvailableToCommonStockholdersBasic
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Profit Loss
ProfitLoss
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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
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CY2023 ares Net Income Loss Attributable To Noncontrolling Interest Parent Only
NetIncomeLossAttributableToNoncontrollingInterestParentOnly
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NetIncomeLossAvailableToCommonStockholdersBasic
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RevenueFromContractWithCustomerExcludingAssessedTax
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LaborAndRelatedExpense
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SellingGeneralAndAdministrativeExpense
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NoninterestExpenseInvestmentAdvisoryFees
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OperatingExpenses
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NonoperatingIncomeExpense
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterestConsolidatedEntities
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CY2022 us-gaap Profit Loss
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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterestParentOnly
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NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAttributableToNoncontrollingInterestConsolidatedEntities
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CY2021 us-gaap Profit Loss
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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
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CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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NetCashProvidedByUsedInFinancingActivities
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-196157000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
343655000 usd
CY2021 ares Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Noncontrolling Interest
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationNoncontrollingInterest
510848000 usd

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