AI English summary of an SEC filing — figures as filed
Ares Management ARESThe company said GAAP net income attributable to Ares Management Corporation was $174.0 million for Q4 2023 and $474.3 million for the year. Basic net income per share was $0.88 for the Q4 and $2.44 for the year.
Key points
AI summaryThe company said GAAP net income attributable to Ares Management Corporation was $174.0 million for Q4 2023 and $474.3 million for the year. Basic net income per share was $0.88 for the Q4 and $2.44 for the year.
Ares said after-tax realized income was $400.4 million for Q4 and $1,185.7 million for the year, and fee related earnings were $368.7 million for Q4 and $1,163.7 million for the year.
The company said it raised $21 billion in Q4 2023 and more than $74 billion for the year. It also said available capital at year-end was a record $111 billion.
Ares said it declared a quarterly dividend of $0.93 per share on its Class A and non-voting common stock. The dividend is payable on March 29, 2024 to holders of record at the close of business on March 15, 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
GAAP Net Income and Earnings Per Share
The company said GAAP net income attributable to Ares Management Corporation was $174.0 million for Q4 2023 and $474.3 million for the year. Basic net income per share was $0.88 for the Q4 and $2.44 for the year.
Source · Based on the filing body and exhibits
After-Tax Realized Income and Fee Related Earnings
Ares said after-tax realized income was $400.4 million for Q4 and $1,185.7 million for the year, and fee related earnings were $368.7 million for Q4 and $1,163.7 million for the year.
Source · Based on the filing body and exhibits
Fundraising and Available Capital
The company said it raised $21 billion in Q4 2023 and more than $74 billion for the year. It also said available capital at year-end was a record $111 billion.
Source · Based on the filing body and exhibits
Quarterly Dividend Declared
Ares said it declared a quarterly dividend of $0.93 per share on its Class A and non-voting common stock. The dividend is payable on March 29, 2024 to holders of record at the close of business on March 15, 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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