v3.26.1
CONSOLIDATION - Schedule of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 253,049 $ 123,501
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Net cash provided by operating activities 406,515 1,994,203
Cash flows from investing activities    
Net cash used in investing activities (7,166) (1,744,690)
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash used in financing activities (292,911) (1,177,727)
Effect of exchange rate changes (26,555) 38,774
Net change in cash and cash equivalents 79,883 (889,440)
Cash and cash equivalents, beginning of period 488,896  
Cash and cash equivalents, end of period 568,779 618,536
Supplemental disclosure of non-cash financing activities:    
Equity issued in connection with acquisition-related activities 15,997 1,657,881
Consolidated Funds     
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities (351,911) 968,969
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds 197,833 363,694
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 337,686 89,080
Distributions to non-controlling interests in Consolidated Funds (79,832) (318,174)
Borrowings under loan obligations by Consolidated Funds 824,531 172,606
Repayments under loan obligations by Consolidated Funds (991,250) (1,264,886)
Reportable legal entity | Consolidated Funds     
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities (357,804)  
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds 101,833  
Eliminations     
Cash flows from operating activities    
Net income (44,418) (11,759)
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Net cash provided by operating activities 94,321 74,274
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash used in financing activities (4,538) (31,060)
Net change in cash and cash equivalents 89,783 43,214
Cash and cash equivalents, beginning of period (959,088) (1,227,489)
Cash and cash equivalents, end of period (869,305) (1,184,275)
Eliminations  | Consolidated Funds     
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities 5,893 (11,344)
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds 96,000 199,108
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds (6,762) (34,627)
Distributions to non-controlling interests in Consolidated Funds 2,224 3,567
Ares Management L.P    
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities 252,867 310,333
Cash flows due to changes in operating assets and liabilities 54,677 227,706
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements, net of disposals (15,643) (21,975)
Acquisitions, net of cash acquired 8,477 (1,722,715)
Cash flows from financing activities    
Proceeds from Credit Facility 505,000 1,125,000
Proceeds from Term Loan 399,415 0
Repayments of Credit Facility (460,000) (140,000)
Dividends and distributions  (522,752) (445,088)
Taxes paid related to net share settlement of equity awards (318,428) (396,722)
Other financing activities 12,719 457
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Cash and cash equivalents, beginning of period 488,896 1,507,976
Cash and cash equivalents, end of period 568,779 618,536
Ares Management L.P | Reportable legal entity    
Cash flows from operating activities    
Net income 223,402 67,524
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities 236,257 267,697
Cash flows due to changes in operating assets and liabilities 34,441 372,073
Net cash provided by operating activities 494,100 707,294
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements, net of disposals (15,643) (21,975)
Acquisitions, net of cash acquired 8,477 (1,722,715)
Net cash used in investing activities (7,166) (1,744,690)
Cash flows from financing activities    
Proceeds from Credit Facility 505,000 1,125,000
Proceeds from Term Loan 399,415  
Repayments of Credit Facility (460,000) (140,000)
Dividends and distributions  (522,752) (445,088)
Taxes paid related to net share settlement of equity awards (318,428) (396,722)
Other financing activities 12,719 457
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Net cash used in financing activities (384,046) 143,647
Effect of exchange rate changes (23,005) 4,309
Net change in cash and cash equivalents 79,883 (889,440)
Cash and cash equivalents, beginning of period 488,896 1,507,976
Cash and cash equivalents, end of period 568,779 618,536
Supplemental disclosure of non-cash financing activities:    
Equity issued in connection with acquisition-related activities 15,997 1,657,881
Ares Management L.P | Eliminations     
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities 16,610 42,636
Cash flows due to changes in operating assets and liabilities 20,236 (144,367)
Consolidated Funds | Reportable legal entity    
Cash flows from operating activities    
Net income 74,065 67,736
Consolidated Funds | Reportable legal entity | Consolidated Funds     
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Adjustments to reconcile net income to net cash provided (used in) by operating activities   980,313
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds   164,586
Net cash provided by operating activities (181,906) 1,212,635
Allocable to redeemable and non-controlling interests in Consolidated Funds:    
Contributions from redeemable and non-controlling interests in Consolidated Funds 344,448 123,707
Distributions to non-controlling interests in Consolidated Funds (82,056) (321,741)
Borrowings under loan obligations by Consolidated Funds 824,531 172,606
Repayments under loan obligations by Consolidated Funds (991,250) (1,264,886)
Net cash used in financing activities 95,673 (1,290,314)
Effect of exchange rate changes (3,550) 34,465
Net change in cash and cash equivalents (89,783) (43,214)
Cash and cash equivalents, beginning of period 959,088 1,227,489
Cash and cash equivalents, end of period $ 869,305 $ 1,184,275