Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
171.89
+1.54 (0.90%)
Nov 20, 2024, 4:00 PM EST - Market closed

Ares Management Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 2018 - 2014
Period Ending
Sep '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 2018 - 2014
Operating Revenue
3,6383,5953,0434,1131,7351,709
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Other Revenue
42.0836.5212.2899.4328.5556.56
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Revenue
3,6803,6323,0554,2121,7641,765
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Revenue Growth (YoY)
4.67%18.87%-27.46%138.77%-0.08%84.20%
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Cost of Revenue
1,9832,0871,8112,8371,1711,151
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Gross Profit
1,6961,5451,2441,376592.68614.91
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Selling, General & Admin
714.19624.94550.07506.66279.12292.26
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Operating Expenses
714.19624.94550.07506.66279.12292.26
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Operating Income
982.19920.06694.21868.9313.56322.64
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Interest Expense
-974.86-860.88-482.72-294.81-311.22-297.42
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Interest & Investment Income
1,0431,015595.93447.68471.72403.11
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Currency Exchange Gain (Loss)
-9.1-9.1-13.5-4.813.1-8.5
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Other Non Operating Income (Expenses)
-4.4913.9226.6219.2-1.810.66
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EBT Excluding Unusual Items
1,0371,079820.541,036485.35420.49
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Gain (Loss) on Sale of Investments
352.89340.2778.1296.41-105.8724.69
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Asset Writedown
-9-78.7-181.6---20
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Other Unusual Items
-21.88-7.33-206.25-66.89--
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Pretax Income
1,3591,333510.811,066379.48425.18
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Income Tax Expense
174.31172.9771.89147.3954.9952.38
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Earnings From Continuing Operations
1,1841,160438.92918.31324.49372.8
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Minority Interest in Earnings
-723.89-685.77-271.37-509.47-172.34-223.92
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Net Income
460.38474.33167.54408.84152.14148.88
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Preferred Dividends & Other Adjustments
28.0321.314.140.2132.1529.37
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Net Income to Common
432.35453.02153.45368.62119.99119.51
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Net Income Growth
10.17%183.11%-59.02%168.72%2.19%161.11%
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Shares Outstanding (Basic)
195185176164135108
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Shares Outstanding (Diluted)
206196176180150120
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Shares Change (YoY)
13.67%11.54%-2.55%20.47%24.72%24.84%
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EPS (Basic)
2.222.460.872.250.891.11
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EPS (Diluted)
2.192.420.872.150.871.06
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EPS Growth
0.39%177.12%-59.28%146.11%-17.77%259.07%
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Free Cash Flow
1,318-300.44-769.91-2,623-441.6-2,100
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Free Cash Flow Per Share
6.40-1.53-4.39-14.56-2.95-17.52
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Dividend Per Share
3.5603.0802.4401.8801.6001.280
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Dividend Growth
21.92%26.23%29.79%17.50%25.00%18.16%
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Gross Margin
46.10%42.54%40.72%32.66%33.60%34.83%
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Operating Margin
26.69%25.33%22.72%20.63%17.78%18.28%
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Profit Margin
11.75%12.47%5.02%8.75%6.80%6.77%
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Free Cash Flow Margin
35.82%-8.27%-25.20%-62.28%-25.03%-118.94%
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EBITDA
1,1391,1521,036982.19354.81342.1
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EBITDA Margin
30.94%31.71%33.89%23.32%20.11%19.38%
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D&A For EBITDA
156.44231.71341.34113.2941.2519.46
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EBIT
982.19920.06694.21868.9313.56322.64
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EBIT Margin
26.69%25.33%22.72%20.63%17.77%18.28%
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Effective Tax Rate
12.83%12.98%14.07%13.83%14.49%12.32%
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Revenue as Reported
3,6803,6323,0554,2121,7641,765
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Source: S&P Capital IQ. Standard template. Financial Sources.