Balance Sheet Data

Ares Management Corporation (ARES)

$71.08

-1.17 (-1.62%)

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 1,322.76494.89744.701,062.191,392.853,489.535,152.327,607.4311,232.4216,584.73
Total Cash (%)
Account Receivables 1,360.52344.17439.58625.281,157.942,734.704,037.815,961.858,802.7112,997.26
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 146.27167.10150.03162.11382.93678.471,001.771,479.112,183.923,224.58
Accounts Payable (%)
Capital Expenditure -33.16-18.42-16.80-15.94-27.23-84.16-124.26-183.47-270.89-399.97
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.