Ares(US:ARES)2020-02-13 18:28Financial Performance - GAAP net income attributable to Ares Management Corporation was $38.5 million for the quarter and $148.9 million for the year ended December 31, 2019[1] - After-tax realized income, net of Series A preferred stock dividends, was $180.1 million for the quarter and $436.7 million for the year ended December 31, 2019[2] - Fee related earnings was $88.7 million for the quarter and $323.7 million for the year ended December 31, 2019[2] - Ares declared a quarterly dividend of $0.40 per share of its Class A common stock[3] - Ares declared a quarterly dividend of $0.4375 per share of its Series A preferred stock[4] Assets Under Management (AUM) - Total Assets Under Management reached $148.9 billion, a 14% increase from the prior year[20, 52] - Total Fee Paying AUM was $96.9 billion, an 18.3% increase from the prior year[20, 52] - Available Capital was $34.6 billion, a 9.2% decrease from prior year[20, 62] - AUM Not Yet Earning Fees was $27.1 billion, a 3.7% decrease from prior year[62] Capital Activity - Ares raised $6.6 billion in gross new capital with net inflows of $6.3 billion for Q4 2019[20] - Ares raised $23.8 billion in gross new capital with net inflows of $21.5 billion for FY 2019[20] - Capital deployment was $5.1 billion during Q4 2019, including $4.0 billion related to drawdown funds[20, 70] - Capital deployment was $27.4 billion during FY 2019, including $21.5 billion related to drawdown funds[20, 70]