Ares Management Corporation (ARES)

NYSE: ARES · Real-Time Price · USD

96.50

-6.96 (-6.73%)

At close: Mar 12, 2026, 4:00 PM EDT

96.53

+0.03 (0.03%)

After-hours: Mar 12, 2026, 4:56 PM EDT

Ares Management Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,088	1,111	1,160	438.92	918.31
Depreciation & Amortization	243.15	158.58	231.71	341.34	113.29
Stock-Based Compensation	243.15	352.85	255.97	200.39	237.19
Other Adjustments	921.66	1,372	-1,455	-1,520	-3,397
Change in Receivables	-37.8	-188.17	-48.86	-20.61	-745.02
Changes in Accounts Payable	91.96	148.38	27.86	-51.89	125.17
Changes in Accrued Expenses	132.4	-7.1	20.38	200.77	142.82
Changes in Other Operating Activities	86.68	-156.11	-425.58	-323.1	9.21
Operating Cash Flow	3,267	2,791	-233.26	-734.11	-2,596
Operating Cash Flow Growth	17.05%	-	-	-	-
Capital Expenditures	-72.18	-91.51	-67.18	-35.8	-27.23
Payments for Business Acquisitions	-1,731	-67.9	-43.9	-301.58	-1,057
Investing Cash Flow	-1,804	-159.4	-111.08	-337.38	-1,085
Short-Term Debt Issued	2,860	1,210	1,410	1,380	883
Short-Term Debt Repaid	-1,480	-2,105	-1,215	-1,095	-468
Net Short-Term Debt Issued (Repaid)	1,380	-895	195	285	415
Long-Term Debt Issued	-	736.01	499.01	488.92	450
Long-Term Debt Repaid	-	-250	-	-	-
Net Long-Term Debt Issued (Repaid)	-	486.01	499.01	488.92	450
Issuance of Common Stock	-	408.64	85.96	21.21	864.65
Net Common Stock Issued (Repurchased)	-	408.64	85.96	21.21	864.65
Issuance of Preferred Stock	-	1,459	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-310
Net Preferred Stock Issued (Repurchased)	-	1,459	-	-	-310
Common Dividends Paid	-1,757	-1,311	-1,031	-936.36	-593.51
Preferred Share Dividends Paid	-	-	-	-	-10.85
Other Financing Activities	-2,050	-1,579	542.82	1,169	2,688
Financing Cash Flow	-2,427	-1,432	292.13	1,128	3,504
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-55.23	-40.45	10.5	-10.24	-19.1
Net Cash Flow	-1,019	1,160	-41.71	46.33	-196.16
Free Cash Flow	3,195	2,700	-300.44	-769.91	-2,623
Free Cash Flow Growth	18.34%	-	-	-	-
FCF Margin	57.03%	69.49%	-8.27%	-25.20%	-62.28%
Free Cash Flow Per Share	14.70	13.63	-1.53	-4.39	-14.56
Levered Free Cash Flow	2,815	547.97	1,430	1,240	2,024
Unlevered Free Cash Flow	1,237	876.22	513	394.57	1,054

Updated Feb 5, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q