Ares Capital Corporation (ARCC)

Ares Capital Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,697	2,614	2,096	1,820	1,511	1,528
Revenue Growth (YoY)	18.60%	24.71%	15.16%	20.45%	-1.11%	14.29%
Cost of Revenue	755	704	456	639	343	365
Gross Profit	1,942	1,910	1,640	1,181	1,168	1,163
Selling, General & Admin	42	42	38	39	38	45
Operating Expenses	42	42	38	39	38	45
Operating Income	1,900	1,868	1,602	1,142	1,130	1,118
Interest Expense / Income	602	582	455	372	317	291
Other Expense / Income	-420	-256	492	-826	310	18
Pretax Income	1,718	1,542	655	1,596	503	809
Income Tax	25	20	55	29	19	16
Net Income	1,693	1,522	600	1,567	484	793
Net Income Growth	153.82%	153.67%	-61.71%	223.76%	-38.97%	-7.58%
Shares Outstanding (Basic)	591	554	498	446	424	427
Shares Outstanding (Diluted)	591	575	518	446	424	427
Shares Change	6.49%	11.00%	16.14%	5.19%	-0.70%	0.23%
EPS (Basic)	2.98	2.75	1.21	3.51	1.14	1.86
EPS (Diluted)	2.92	2.68	1.19	3.51	1.14	1.86
EPS Growth	129.92%	125.21%	-66.10%	207.89%	-38.71%	-7.46%
Free Cash Flow	-382	511	-1,359	-2,459	-580	-1,235
Free Cash Flow Per Share	-0.65	0.92	-2.73	-5.51	-1.37	-2.89
Dividend Per Share	1.920	1.920	1.870	1.620	1.600	1.680
Dividend Growth	1.05%	2.67%	15.43%	1.25%	-4.76%	9.09%
Gross Margin	72.01%	73.07%	78.24%	64.89%	77.30%	76.11%
Operating Margin	70.45%	71.46%	76.43%	62.75%	74.78%	73.17%
Profit Margin	62.77%	58.22%	28.63%	86.10%	32.03%	51.90%
Free Cash Flow Margin	-14.16%	19.55%	-64.84%	-135.11%	-38.39%	-80.82%
Effective Tax Rate	1.46%	1.30%	8.40%	1.82%	3.78%	1.98%
EBITDA	2,320	2,124	1,110	1,968	820	1,100
EBITDA Margin	86.02%	81.25%	52.96%	108.13%	54.27%	71.99%
EBIT	2,320	2,124	1,110	1,968	820	1,100
EBIT Margin	86.02%	81.25%	52.96%	108.13%	54.27%	71.99%

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).