Ares Management Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $488.9M | $1.51B | $348.3M | $390.0M | $343.7M | $539.8M | $138.4M | $110.2M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | $3.45B | $1.16B | $1.12B | $999.7M | $788.0M | $371.0M | $143.9M | $143.8M |
| Intangible Assets (Excl. Goodwill) | $798.4M | $408.0M | $490.7M | $640.4M | $768.8M | $222.1M | $8.0M | $31.4M |
| Total Assets | $28.63B | $24.88B | $24.73B | $22.00B | $21.61B | $15.17B | $12.01B | $10.15B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $19.93B | $17.49B | $19.71B | $17.10B | $16.69B | $12.60B | $10.16B | $8.76B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-1.45B | $-837.3M | $-495.1M | $-369.5M | $-89.4M | $-151.8M | $-50.8M | $-29.3M |
| Total Stockholders' Equity | $4.28B | $3.54B | $1.89B | $1.59B | $1.83B | $1.19B | $768.3M | $587.9M |