v3.26.1
CONSOLIDATION - Schedule of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities        
Net income $ 312,965 $ 225,980 $ 566,014 $ 349,481
Adjustments to reconcile net income to net cash provided by (used in) operating activities        
Net cash provided by operating activities     55,070 2,409,904
Cash flows from investing activities        
Net cash used in investing activities     (40,363) (1,767,608)
Allocable to redeemable and non-controlling interests in Consolidated Funds:        
Net cash provided by (used in) financing activities     77,945 (1,744,928)
Effect of exchange rate changes     (24,454) 104,312
Net change in cash and cash equivalents     68,198 (998,320)
Cash and cash equivalents, beginning of period     488,896  
Cash and cash equivalents, end of period 557,094 509,656 557,094 509,656
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 by (used in) operating activities     (1,021,132) 1,163,402
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds     (251,525) 245,027
Allocable to redeemable and non-controlling interests in Consolidated Funds:        
Contributions from redeemable and non-controlling interests in Consolidated Funds     639,766 160,147
Distributions to non-controlling interests in Consolidated Funds     (85,379) (319,756)
Redemptions of redeemable interests in Consolidated Funds     0 (7,143)
Borrowings under loan obligations by Consolidated Funds     1,648,487 312,491
Repayments under loan obligations by Consolidated Funds     (1,371,066) (1,717,589)
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 by (used in) operating activities     (1,022,900)  
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds     82,628  
Eliminations         
Cash flows from operating activities        
Net income (28,878) (98,219) (73,296) (109,978)
Adjustments to reconcile net income to net cash provided by (used in) operating activities        
Net cash provided by operating activities     (199,523) 89,554
Allocable to redeemable and non-controlling interests in Consolidated Funds:        
Net cash provided by (used in) financing activities     (136,653) 115,687
Net change in cash and cash equivalents     (336,176) 205,241
Cash and cash equivalents, beginning of period     (959,088) (1,227,489)
Cash and cash equivalents, end of period (1,295,264) (1,022,248) (1,295,264) (1,022,248)
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 by (used in) operating activities     1,768 (12,289)
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds     (334,153) 434,849
Allocable to redeemable and non-controlling interests in Consolidated Funds:        
Contributions from redeemable and non-controlling interests in Consolidated Funds     (185,816) (7,685)
Distributions to non-controlling interests in Consolidated Funds     49,163 123,372
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 by (used in) operating activities     614,650 462,314
Cash flows due to changes in operating assets and liabilities     147,063 189,680
Cash flows from investing activities        
Purchase of furniture, equipment and leasehold improvements, net of disposals     (48,693) (44,893)
Acquisitions, net of cash acquired     8,330 (1,722,715)
Cash flows from financing activities        
Proceeds from Credit Facility     955,000 1,525,000
Proceeds from Term Loan     399,415 0
Repayments of Credit Facility     (720,000) (410,000)
Dividends and distributions      (1,036,513) (873,259)
Taxes paid related to net share settlement of equity awards     (364,484) (416,609)
Other financing activities     12,719 1,790
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 557,094 509,656 557,094 509,656
Ares Management L.P | Reportable legal entity        
Cash flows from operating activities        
Net income 241,724 221,981 465,126 289,505
Adjustments to reconcile net income to net cash provided by (used in) operating activities        
Adjustments to reconcile net income to net cash provided by (used in) operating activities     449,016 548,460
Cash flows due to changes in operating assets and liabilities     106,539 326,562
Net cash provided by operating activities     1,020,681 1,164,527
Cash flows from investing activities        
Purchase of furniture, equipment and leasehold improvements, net of disposals     (48,693) (44,893)
Acquisitions, net of cash acquired     8,330 (1,722,715)
Net cash used in investing activities     (40,363) (1,767,608)
Cash flows from financing activities        
Proceeds from Credit Facility     955,000 1,525,000
Proceeds from Term Loan     399,415  
Repayments of Credit Facility     (720,000) (410,000)
Dividends and distributions      (1,036,513) (873,259)
Taxes paid related to net share settlement of equity awards     (364,484) (416,609)
Other financing activities     12,719 1,790
Allocable to redeemable and non-controlling interests in Consolidated Funds:        
Net cash provided by (used in) financing activities     (753,863) (173,078)
Effect of exchange rate changes     (11,597) 27,962
Net change in cash and cash equivalents     214,858 (748,197)
Cash and cash equivalents, beginning of period     488,896 1,507,976
Cash and cash equivalents, end of period 703,754 759,779 703,754 759,779
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 by (used in) operating activities     165,634 (86,146)
Cash flows due to changes in operating assets and liabilities     40,524 (136,882)
Consolidated Funds | Reportable legal entity        
Cash flows from operating activities        
Net income 100,119 102,218 174,184 169,954
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 by (used in) operating activities       1,175,691
Cash flows due to changes in operating assets and liabilities allocable to redeemable and non-controlling interest in Consolidated Funds       (189,822)
Net cash provided by operating activities     (766,088) 1,155,823
Allocable to redeemable and non-controlling interests in Consolidated Funds:        
Contributions from redeemable and non-controlling interests in Consolidated Funds     825,582 167,832
Distributions to non-controlling interests in Consolidated Funds     (134,542) (443,128)
Redemptions of redeemable interests in Consolidated Funds       (7,143)
Borrowings under loan obligations by Consolidated Funds     1,648,487 312,491
Repayments under loan obligations by Consolidated Funds     (1,371,066) (1,717,589)
Net cash provided by (used in) financing activities     968,461 (1,687,537)
Effect of exchange rate changes     (12,857) 76,350
Net change in cash and cash equivalents     189,516 (455,364)
Cash and cash equivalents, beginning of period     959,088 1,227,489
Cash and cash equivalents, end of period $ 1,148,604 $ 772,125 $ 1,148,604 $ 772,125