Ares Management Corporation (ARES)

Ares Management Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	3,632	3,055	4,212	1,764	1,765
Revenue Growth (YoY)	18.87%	-27.46%	138.77%	-0.08%	84.20%
Gross Profit	3,632	3,055	4,212	1,764	1,765
Selling, General & Admin	2,147	2,194	1,607	1,026	923.57
Other Operating Expenses	651.01	555.24	1,803	424.24	539.23
Operating Expenses	2,798	2,749	3,410	1,450	1,463
Operating Income	834.03	306.36	802.01	313.56	302.64
Interest Expense / Income	860.88	482.72	294.81	311.22	297.42
Other Expense / Income	-674.15	-415.79	-49.02	-204.8	-196.04
Pretax Income	647.3	239.43	556.22	207.14	201.26
Income Tax	172.97	71.89	147.39	54.99	52.38
Net Income	474.33	167.54	408.84	152.14	148.88
Preferred Dividends	0	0	22.09	21.7	21.7
Net Income Common	474.33	167.54	386.75	130.44	127.18
Net Income Growth	183.11%	-56.68%	196.49%	2.56%	260.09%
Shares Outstanding (Basic)	185	176	164	135	108
Shares Outstanding (Diluted)	196	176	180	150	120
Shares Change	11.54%	-2.55%	20.47%	24.72%	24.84%
EPS (Basic)	2.44	0.87	2.24	0.89	1.11
EPS (Diluted)	2.42	0.87	2.15	0.87	1.06
EPS Growth	178.16%	-59.53%	147.13%	-17.92%	253.33%
Free Cash Flow	-300.44	-769.91	-2,623.27	-441.6	-2,099.82
Free Cash Flow Per Share	-1.63	-4.39	-16.02	-3.27	-19.46
Dividend Per Share	3.080	2.440	1.880	1.600	1.280
Dividend Growth	26.23%	29.79%	17.50%	25.00%	-3.98%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	22.96%	10.03%	19.04%	17.78%	17.14%
Profit Margin	13.06%	5.48%	9.18%	7.39%	7.20%
Free Cash Flow Margin	-8.27%	-25.20%	-62.28%	-25.03%	-118.94%
Effective Tax Rate	26.72%	30.03%	26.50%	26.55%	26.02%
EBITDA	1,740	1,063	964.32	559.61	538.14
EBITDA Margin	47.91%	34.81%	22.89%	31.72%	30.48%
Depreciation & Amortization	231.71	341.34	113.29	41.25	39.46
EBIT	1,508	722.15	851.03	518.36	498.68
EBIT Margin	41.53%	23.63%	20.20%	29.38%	28.25%

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).