Ares Acquisition Corp (NYSE:AAC)
Income Statement
Mar-2022 | Dec-2021 | ||
---|---|---|---|
Operating Income | |||
Operating Expenses |
(5)
|
(6)
|
|
Selling, General & Administrative |
(5)
|
(4)
|
|
Other Operating Expenses |
0
|
(2)
|
|
Operating Income |
(5)
+30%
|
(6)
N/A
|
|
Pre-Tax Income | |||
Interest Income Expense |
1
|
0
|
|
Total Other Income |
16
|
22
|
|
Pre-Tax Income |
13
-21%
|
16
N/A
|
|
Net Income | |||
Income from Continuing Operations |
13
|
16
|
|
Net Income (Common) |
13
-21%
|
16
N/A
|
Balance Sheet
Mar-2022 | Dec-2021 | Sep-2021 | Jun-2021 | Mar-2021 | ||
---|---|---|---|---|---|---|
Assets | ||||||
Cash & Cash Equivalents |
0
|
1
|
1
|
1
|
1
|
|
Cash Equivalents |
0
|
1
|
1
|
1
|
1
|
|
Other Current Assets |
0
|
1
|
1
|
1
|
1
|
|
Total Current Assets |
1
|
1
|
2
|
2
|
2
|
|
Long-Term Investments |
1 001
|
1 000
|
1 000
|
1 000
|
1 000
|
|
Total Assets |
1 002
0%
|
1 002
0%
|
1 002
0%
|
1 002
0%
|
1 002
N/A
|
|
Liabilities | ||||||
Accrued Liabilities |
3
|
4
|
1
|
0
|
0
|
|
Other Current Liabilities |
1
|
0
|
0
|
0
|
0
|
|
Total Current Liabilities |
4
|
4
|
1
|
0
|
0
|
|
Other Liabilities |
50
|
67
|
65
|
80
|
66
|
|
Total Liabilities |
53
-24%
|
70
+6%
|
66
-17%
|
80
+21%
|
66
N/A
|
|
Equity | ||||||
Common Stock |
1 000
|
1 000
|
1 000
|
917
|
931
|
|
Retained Earnings |
52
|
69
|
64
|
6
|
20
|
|
Additional Paid In Capital |
0
|
0
|
0
|
1
|
15
|
|
Total Equity |
948
+2%
|
931
0%
|
936
+1%
|
922
-2%
|
936
N/A
|
|
Total Liabilities & Equity |
1 002
0%
|
1 002
0%
|
1 002
0%
|
1 002
0%
|
1 002
N/A
|
|
Shares Outstanding | ||||||
Common Shares Outstanding |
125M
|
125M
|
125M
|
125M
|
125M
|
Cash Flow Statement
Mar-2022 | Dec-2021 | ||
---|---|---|---|
Operating Cash Flow | |||
Net Income |
13
|
16
|
|
Other Non-Cash Items |
(17)
|
(20)
|
|
Change in Working Capital |
3
|
3
|
|
Cash from Operating Activities |
(2)
-16%
|
(1)
N/A
|
|
Investing Cash Flow | |||
Other Items |
0
|
(1 000)
|
|
Cash from Investing Activities |
0
N/A
|
(1 000)
N/A
|
|
Financing Cash Flow | |||
Net Issuance of Common Stock |
0
|
1 000
|
|
Other |
1
|
2
|
|
Cash from Financing Activities |
1
-100%
|
1 002
N/A
|
|
Change in Cash | |||
Net Change in Cash |
(1)
N/A
|
1
N/A
|
|
Free Cash Flow | |||
Free Cash Flow |
(2)
-16%
|
(1)
N/A
|