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Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
116.17
-2.80 (-2.35%)
At close: Sep 30, 2026, 4:00 PM EDT
116.45
+0.28 (0.24%)
After-hours: Sep 30, 2026, 7:55 PM EDT

Ares Management Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
636.35527.36463.74474.33167.54408.84
Depreciation & Amortization, Total
251.88243.15158.58231.71341.34113.29
Gain (Loss) On Sale of Investments
-866.45-866.45-335.43-353.44-62.46-166.28
Stock-Based Compensation
740.55740.55352.85255.97200.39237.19
Change in Accounts Payable
91.9691.96148.3827.86-51.69125.17
Change in Other Net Operating Assets
-357.89181.28-351.38-454.06-142.95-593
Other Operating Activities
2,6002,3492,354-415.63-1,186-2,721
Operating Cash Flow
912.133,2672,791-233.26-734.11-2,596

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-75.98-72.18-91.51-67.18-35.8-27.23
Cash Acquisitions
-0.42-1,731-67.9-43.9-301.58-1,057
Investing Cash Flow
-76.39-1,804-159.4-111.08-337.38-1,085

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-4,4122,3053,2963,0103,382
Long-Term Debt Repaid
--4,119-4,583-1,614-1,240-548.75
Net Debt Issued (Repaid)
1,495293.08-2,2781,6821,7692,833
Issuance of Common Stock
--408.6485.9621.21864.65
Repurchase of Common Stock
-384.74-436.87-227.53-157.01-201.31-226.1
Preferred Dividends Paid
------10.85
Common Dividends Paid
-1,920-1,757--1,031-447.63-593.51
Dividends Paid
-1,920-1,757-1,311-1,031-447.63-604.36
Other Financing Activities
205.38-526.69517.42-288.6-13.57946.26
Financing Cash Flow
-604.3-2,427-1,432292.131,1283,504

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-184-55.23-40.4510.5-10.24-19.1
Net Cash Flow
47.44-1,0191,160-41.7146.33-196.16

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
836.153,1952,700-300.44-769.91-2,623
Free Cash Flow Growth
-78.98%18.34%----
Free Cash Flow Margin
15.92%66.09%92.88%-10.84%-29.93%-66.97%
Free Cash Flow Per Share
3.7514.7013.63-1.53-4.39-14.56

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
675.8675.8866.76722.64320.33205.09
Cash Income Tax Paid
91.3391.33107.5762.01104.8622.79
SEC Filings: 10-K · 10-Q