Ares Capital Corporation (ARCC)

Ares Capital Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	1,578	1,522	600	1,567	484	793
Other Amortization	33	31	30	29	31	26
Loss (Gain) From Sale of Investments	-223	-274	431	-885	302	6
Other Operating Activities	-3,738	-799	-2,273	-3,378	-1,452	-1,996
Change in Accounts Receivable	-45	-60	-34	-24	12	-26
Change in Accounts Payable	126	24	11	27	-20	-7
Change in Other Net Operating Assets	50	67	-124	205	63	-31
Operating Cash Flow	-2,219	511	-1,359	-2,459	-580	-1,235
Long-Term Debt Issued	-	5,215	7,955	19,387	8,279	13,201
Long-Term Debt Repaid	-	-5,603	-6,818	-16,829	-6,737	-11,422
Net Debt Issued (Repaid)	2,306	-388	1,137	2,558	1,542	1,779
Issuance of Common Stock	1,072	1,155	1,001	819	4	64
Repurchase of Common Stock	-	-	-	-	-100	-
Common Dividends Paid	-1,099	-1,031	-852	-694	-679	-658
Other Financing Activities	-41	-20	-16	-64	-37	-34
Financing Cash Flow	2,238	-284	1,210	2,619	730	1,115
Net Cash Flow	19	227	-149	160	150	-120
Free Cash Flow	-2,219	511	-1,359	-2,459	-580	-1,235
Free Cash Flow Margin	-75.53%	19.55%	-64.84%	-135.11%	-38.39%	-80.82%
Free Cash Flow Per Share	-3.64	0.89	-2.62	-5.51	-1.37	-2.89
Cash Interest Paid	625	524	402	310	243	264
Cash Income Tax Paid	65	36	39	26	16	18
Levered Free Cash Flow	990.25	874.75	583.63	825.25	415.13	460.38
Unlevered Free Cash Flow	1,375	1,198	829.25	1,029	582.25	603.75
Change in Net Working Capital	-36	-30	172	-315	124	95

Source: S&P Capital IQ. Standard template. Financial Sources.