Ares Management LP (ARES)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 03-2026 | 12-2025 | 09-2025 | 06-2025 | 03-2025 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 253,049 | 1,088,358 | 889,860 | 349,481 | 123,501 |
| Depreciation Amortization | N/A | 243,149 | N/A | N/A | N/A |
| Other Working Capital | 252,510 | 311,043 | 748,524 | 434,707 | 591,400 |
| Other Operating Activity | -99,044 | 1,624,409 | 2,112,263 | 1,625,716 | 1,279,302 |
| Operating Cash Flow | $406,515 | $3,266,959 | $3,750,647 | $2,409,904 | $1,994,203 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -15,643 | -72,178 | -56,385 | -44,893 | -21,975 |
| Net Acquisitions | 8,477 | -1,731,461 | -1,726,175 | -1,722,715 | -1,722,715 |
| Investing Cash Flow | $-7,166 | $-1,803,639 | $-1,782,560 | $-1,767,608 | $-1,744,690 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 1,728,946 | 4,411,874 | 2,662,191 | 1,837,491 | 1,297,606 |
| Debt Repayment | -1,451,250 | -4,118,793 | -3,323,666 | -2,127,589 | -1,404,886 |
| Dividend Paid | -522,752 | -1,756,688 | -1,296,937 | -873,259 | -445,088 |
| Other Financing Activity | -47,855 | -963,562 | -1,011,613 | -581,571 | -625,359 |
| Financing Cash Flow | $-292,911 | $-2,427,169 | $-2,970,025 | $-1,744,928 | $-1,177,727 |
| Exchange Rate Effect | -26,555 | -55,231 | -9,369 | 104,312 | 38,774 |
| Beginning Cash Position | 488,896 | 1,507,976 | 1,507,976 | 1,507,976 | 1,507,976 |
| End Cash Position | 568,779 | 488,896 | 496,669 | 509,656 | 618,536 |
| Net Cash Flow | $79,883 | $-1,019,080 | $-1,011,307 | $-998,320 | $-889,440 |
| Free Cash Flow | |||||
| Operating Cash Flow | 406,515 | 3,266,959 | 3,750,647 | 2,409,904 | 1,994,203 |
| Capital Expenditure | -15,643 | -72,178 | -56,385 | -44,893 | -21,975 |
| Free Cash Flow | 390,872 | 3,194,781 | 3,694,262 | 2,365,011 | 1,972,228 |