As Originally Reported was Ares Management’s largest revenue line in fiscal 2016, bringing in $3.60B of $5.08B (71%).
| Adjustments for New Accounting Pronouncements | FY 2016 |
|---|---|
| As Originally Reported | $3.60B |
| As Adjusted | $1.48B |
| Total | $5.08B |
Ares Management brought in $5.08B from its two revenue lines in fiscal 2016, the year ended December 31, 2016. As Originally Reported was the largest at $3.60B (70.8%), ahead of As Adjusted at $1.48B (29.2%).
Credit Group was Ares Management’s largest product and service line in fiscal 2020, bringing in $2.94B of $5.36B (55%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|
| Credit Group | $1.69B | $2.77B | $2.94B |
| Private Equity Group | $796.15M | $634.84M | $1.34B |
| Real Assets Group | — | — | $988.63M |
| Real Estate Group | $434.22M | $877.01M | — |
| Strategic Initiatives | — | — | $88.19M |
| Total | $2.93B | $4.28B | $5.36B |
Ares Management brought in $5.36B from its four product and service lines in fiscal 2020, the year ended December 31, 2020. Ares Management regrouped these lines after fiscal 2019, so the total does not compare directly with that year's $4.28B. Credit Group was the largest at $2.94B (55.0%), ahead of Private Equity Group at $1.34B (24.9%) and Real Assets Group at $988.63M (18.5%). The remaining line, Strategic Initiatives, brought in $88.19M.
Compared with fiscal 2019, Private Equity Group grew 110.4% to $1.34B and Credit Group grew 6.2% to $2.94B.
Ares Management began breaking out Real Assets Group in fiscal 2020 and Strategic Initiatives in fiscal 2020. Ares Management stopped reporting Real Estate Group as a separate line after fiscal 2019, when it brought in $877.01M.
Ares Management (ARES) reports its revenue by adjustments for new accounting pronouncements and by product and service. In fiscal 2016, As Originally Reported was its largest revenue line, bringing in $3.60B (70.8% of the total), followed by As Adjusted at $1.48B (29.2%).
As Originally Reported was Ares Management's largest revenue line in fiscal 2016, bringing in $3.60B, or 70.8% of the $5.08B total across its two revenue lines.
Credit Group was Ares Management's largest product and service line in fiscal 2020, bringing in $2.94B, or 55.0% of the $5.36B total across its four product and service lines.
Every figure comes from Ares Management's annual financial filings, as reported. Each line keeps the name Ares Management gives it, and years follow its fiscal calendar.
Ares Management's revenue by adjustments for new accounting pronouncements goes back to fiscal 2016, with figures through fiscal 2016. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.