Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
139.14
-0.44 (-0.32%)
Nov 10, 2026, 10:38 AM EST - Market open
Ares Management Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 432.8 | 527.36 | 463.74 | 474.33 | 167.54 | 408.84 |
Depreciation & Amortization, Total | 246.5 | 243.15 | 158.58 | 231.71 | 341.34 | 113.29 |
Gain (Loss) On Sale of Investments | -866.45 | -866.45 | -335.43 | -353.44 | -62.46 | -166.28 |
Stock-Based Compensation | 740.55 | 740.55 | 352.85 | 255.97 | 200.39 | 237.19 |
Change in Accounts Payable | 91.96 | 91.96 | 148.38 | 27.86 | -51.69 | 125.17 |
Change in Other Net Operating Assets | -621.59 | 181.28 | -351.38 | -454.06 | -142.95 | -593 |
Other Operating Activities | 2,701 | 2,349 | 2,354 | -415.63 | -1,186 | -2,721 |
Operating Cash Flow | -514.88 | 3,267 | 2,791 | -233.26 | -734.11 | -2,596 |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -99.7 | -72.18 | -91.51 | -67.18 | -35.8 | -27.23 |
Cash Acquisitions | 3.04 | -1,731 | -67.9 | -43.9 | -301.58 | -1,057 |
Investing Cash Flow | -96.65 | -1,804 | -159.4 | -111.08 | -337.38 | -1,085 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 4,412 | 2,305 | 3,296 | 3,010 | 3,382 |
Long-Term Debt Repaid | - | -4,119 | -4,583 | -1,614 | -1,240 | -548.75 |
Net Debt Issued (Repaid) | 2,139 | 293.08 | -2,278 | 1,682 | 1,769 | 2,833 |
Issuance of Common Stock | - | - | 408.64 | 85.96 | 21.21 | 864.65 |
Repurchase of Common Stock | -383.13 | -436.87 | -227.53 | -157.01 | -201.31 | -226.1 |
Preferred Dividends Paid | - | - | - | - | - | -10.85 |
Common Dividends Paid | -1,757 | -1,757 | - | -1,031 | -447.63 | -593.51 |
Dividends Paid | -2,029 | -1,757 | -1,311 | -1,031 | -447.63 | -604.36 |
Other Financing Activities | 1,060 | -526.69 | 517.42 | -288.6 | -13.57 | 946.26 |
Financing Cash Flow | 787.31 | -2,427 | -1,432 | 292.13 | 1,128 | 3,504 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -74.74 | -55.23 | -40.45 | 10.5 | -10.24 | -19.1 |
Net Cash Flow | 101.04 | -1,019 | 1,160 | -41.71 | 46.33 | -196.16 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -614.57 | 3,195 | 2,700 | -300.44 | -769.91 | -2,623 |
Free Cash Flow Growth | - | 18.34% | - | - | - | - |
Free Cash Flow Margin | -12.34% | 66.09% | 92.88% | -10.84% | -29.93% | -66.97% |
Free Cash Flow Per Share | -2.73 | 14.70 | 13.63 | -1.53 | -4.39 | -14.56 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 675.8 | 675.8 | 866.76 | 722.64 | 320.33 | 205.09 |
Cash Income Tax Paid | 91.33 | 91.33 | 107.57 | 62.01 | 104.86 | 22.79 |