Ares Commercial Real Estate Corporation (ACRE)

ACRE Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Net Income	-38.87	29.79	60.46	21.84	36.99
Depreciation & Amortization	1.02	0	0.83	0.89	0.67
Share-Based Compensation	3.99	2.88	1.94	1.34	1.88
Other Operating Activities	80.65	24.5	-14.88	7.69	-7.09
Operating Cash Flow	46.79	57.16	48.35	31.76	32.45
Operating Cash Flow Growth	-18.14%	18.22%	52.23%	-2.13%	-17.25%
Capital Expenditures	0	0	-0.14	-0.27	-1.69
Change in Investments	127.46	193.17	-699.54	-81.59	-172.74
Investing Cash Flow	127.46	193.17	-699.69	-81.87	-174.43
Dividends Paid	-75.95	-71.81	-58.42	-42.77	-37.49
Share Issuance / Repurchase	-4.6	106.27	204.78	73.23	0
Debt Issued / Paid	-120.47	-189.5	494.21	94.15	179.44
Other Financing Activities	-4.05	-4.63	-13.39	-5.37	-5.82
Financing Cash Flow	-205.07	-159.67	627.17	119.25	136.14
Net Cash Flow	-30.82	90.66	-24.16	69.14	-5.83
Free Cash Flow	46.79	57.16	48.21	31.49	30.77
Free Cash Flow Growth	-18.14%	18.57%	53.09%	2.35%	-21.55%
Free Cash Flow Margin	50.35%	53.49%	47.23%	38.08%	39.82%
Free Cash Flow Per Share	0.86	1.11	1.14	0.95	1.07

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).