How do you interpret reportable legal entities — retained earnings appropriated?

An increase suggests more earnings are restricted for specific uses, while a decrease may indicate fewer restrictions or the release of previously earmarked funds.

How does reportable legal entities — retained earnings appropriated compare across companies?

Commonly reported by financial institutions and asset managers as 'restricted retained earnings' or 'appropriated surplus'.

Ares Management Corporation ARES Reportable Legal Entities — Retained Earnings Appropriated

Discontinued — last reported Q4 '15

Similar metrics at other companies

ARReportable Legal Entities — Retained Earnings Accumulated Deficit

$1.45B+18.8%

BALLReportable Legal Entities — Retained Earnings Accumulated Deficit

$4.41B—

STLDReportable Legal Entities — Retained Earnings Accumulated Deficit

$2.1B—

CGReportable Legal Entities — Equity Appropriated For Consolidated Funds

$126.6M—

AMHReportable Legal Entities — Undistributed Earnings Loss Allocated To Participating Preferred Units

$0-100%

CFReportable Legal Entities — Retained Earnings Accumulated Deficit

$2.68B-34.7%

Other financials

Income statement

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Revenue$1.4B+28.3%

Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%

Total debt$730.1M+6.4%

Total equity$4.0B-9.6%

Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$29.17B-19.6%

Enterprise value$29.33B-19.2%

P/E46.8×-36.0×

P/S4.9×-3.6×

Profitability

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Net margin10.5%+0.3pp

FCF margin-161.4%—

Returns & leverage

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Return on equity14.7%+0.6pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAppropriated.

The official record: Ares Management Corporation’s 10-K, filed February 27, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does reportable legal entities — retained earnings appropriated mean?: The portion of company earnings set aside for specific legal or contractual obligations.
How do you interpret reportable legal entities — retained earnings appropriated?: An increase suggests more earnings are restricted for specific uses, while a decrease may indicate fewer restrictions or the release of previously earmarked funds.
How does reportable legal entities — retained earnings appropriated compare across companies?: Commonly reported by financial institutions and asset managers as 'restricted retained earnings' or 'appropriated surplus'.