Ares Management Corporation (ARES)
NYSE: ARES · Real-Time Price · USD
103.84
+3.33 (3.31%)
Mar 17, 2026, 11:58 AM EDT - Market open
Ares Management Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 198.5 | 540.38 | 225.98 | 123.5 | 350.02 | 280.65 | 276.25 | 203.82 | 423.55 | 196.97 | 332.26 | 207.32 | 293.19 | -48.78 | 53.61 | 140.9 | 265.96 | 216.71 | 271.32 | 164.31 |
Other Adjustments | - | 486.55 | 346.41 | 1,279 | - | 637.71 | 159.55 | 467.18 | - | 97.73 | -1,185 | 450.6 | - | -12.75 | -750.43 | -44.3 | - | 171.41 | -624.47 | -1,164 |
Changes in Other Operating Activities | - | 313.82 | -156.69 | 591.4 | - | -77.05 | -3.63 | 39.05 | - | 23.57 | 153.75 | 49.66 | - | 86.12 | -95.52 | 127.55 | - | -1,163 | 25.23 | 258.47 |
Operating Cash Flow | -483.69 | 1,341 | 415.7 | 1,994 | 807.62 | 841.32 | 432.17 | 710.05 | -560.05 | 318.27 | -699.05 | 707.57 | -190.51 | 24.59 | -792.35 | 224.15 | -752.29 | -774.71 | -327.93 | -741.12 |
Operating Cash Flow Growth | - | 59.36% | -3.81% | 180.86% | - | 164.34% | - | 0.35% | - | 1194.15% | - | 215.67% | - | - | - | - | - | - | - | - |
Capital Expenditures | -15.79 | -11.49 | -22.92 | -21.98 | -9.31 | -26.89 | -29.24 | -26.07 | -23.01 | -23.05 | -12.25 | -8.88 | -7.41 | -9.94 | -9.92 | -8.52 | -12.07 | -7.2 | -4.67 | -3.28 |
Payments for Business Acquisitions | -5.29 | -3.46 | -861.36 | -1,723 | -54.21 | -5.68 | -4 | -8 | -43.9 | -21.95 | - | - | 0.08 | 0.02 | -0.05 | -301.62 | 0.02 | -279.28 | -778.14 | - |
Investing Cash Flow | -21.08 | -14.95 | -22.92 | -1,745 | -63.52 | -32.58 | -29.24 | -34.07 | -66.9 | -23.05 | -12.25 | -8.88 | -7.33 | -9.92 | -9.98 | -310.15 | -12.06 | -286.48 | -782.81 | -3.28 |
Short-Term Debt Issued | 730 | 605 | 400 | 1,125 | 240 | 320 | 360 | 290 | 675 | 240 | 250 | 245 | 440 | 240 | -160 | 860 | 415 | 150 | 150 | 168 |
Short-Term Debt Repaid | -465 | -605 | -270 | -140 | -710 | -345 | -840 | -210 | -545 | -200 | -320 | -150 | -185 | -190 | 185 | -905 | -150 | -75 | -318 | - |
Net Short-Term Debt Issued (Repaid) | 265 | - | 130 | 985 | -470 | -25 | -480 | 80 | 130 | 40 | -70 | 95 | 255 | 50 | 25 | -45 | 265 | 75 | -168 | 168 |
Long-Term Debt Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 244.46 | 488.92 | - | - | 450 | - |
Net Long-Term Debt Issued (Repaid) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 244.46 | 488.92 | - | - | 450 | - |
Issuance of Common Stock | - | - | - | - | -0.11 | 52.84 | 177.95 | 1.51 | 5.53 | 27.29 | 43.96 | 9.18 | 6.67 | 5.89 | 5.3 | 3.35 | 9.81 | 13.38 | 427.74 | - |
Net Common Stock Issued (Repurchased) | - | - | - | - | -0.11 | 52.84 | 177.95 | 1.51 | 5.53 | 27.29 | 43.96 | 9.18 | 6.67 | 5.89 | 5.3 | 3.35 | 9.81 | 13.38 | 427.74 | - |
Repurchase of Preferred Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 299.15 | 149.58 | -155 | - |
Net Preferred Stock Issued (Repurchased) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 299.15 | 149.58 | -155 | - |
Common Dividends Paid | -459.75 | -423.68 | -428.17 | -445.09 | -341.54 | -337.1 | -312.21 | -320.05 | -270.58 | -249.58 | -258.87 | -251.63 | -228.14 | -201.85 | -194.48 | -211.89 | -154.94 | -150.39 | -146.41 | -141.77 |
Preferred Share Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.43 | -5.43 |
Other Financing Activities | 486.43 | -801.42 | -265.46 | -1,718 | -654.97 | -474.97 | -21.08 | -428.1 | 269.77 | -61.8 | 739.06 | -673.69 | 167.45 | 257.55 | 886.64 | -142.34 | 690.77 | 785.12 | 416.04 | 796.4 |
Financing Cash Flow | 542.86 | -1,225 | -567.2 | -1,178 | 478.16 | -784.22 | -458.9 | -666.63 | 633.73 | -244.1 | 723.64 | -821.14 | 200.98 | 111.59 | 722.46 | 93.04 | 810.64 | 798.11 | 1,078 | 817.21 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -45.86 | -113.68 | 65.54 | 38.77 | -64.42 | 41.18 | -5.92 | -11.29 | 29.67 | -16.12 | -7.76 | 4.71 | 25.35 | -17.63 | -13.31 | -4.65 | 1.66 | -24.12 | 6.11 | -2.75 |
Net Cash Flow | -7.77 | -12.99 | -108.88 | -889.44 | 1,158 | 65.69 | -61.89 | -1.94 | 36.45 | 35 | 4.58 | -117.74 | 28.49 | 108.63 | -93.18 | 2.39 | 47.95 | -287.2 | -26.97 | 70.06 |
Free Cash Flow | -499.48 | 1,329 | 392.78 | 1,972 | 798.31 | 814.43 | 402.93 | 683.97 | -583.06 | 295.22 | -711.3 | 698.7 | -197.92 | 14.65 | -802.27 | 215.63 | -764.37 | -781.91 | -332.59 | -744.4 |
Free Cash Flow Growth | - | 63.21% | -2.52% | 188.35% | - | 175.87% | - | -2.11% | - | 1914.75% | - | 224.03% | - | - | - | - | - | - | - | - |
FCF Margin | -33.19% | 80.19% | 29.09% | 181.14% | 63.41% | 72.09% | 51.09% | 96.69% | -55.32% | 43.98% | -65.06% | 85.90% | -21.11% | 1.83% | -133.39% | 30.16% | -58.34% | -82.42% | -25.69% | -113.06% |
Free Cash Flow Per Share | -2.26 | 6.05 | 1.79 | 9.42 | 3.71 | 4.06 | 2.05 | 3.55 | -2.90 | 1.59 | -3.67 | 3.90 | -1.04 | 0.08 | -4.58 | 1.24 | -4.05 | -4.19 | -1.84 | -4.55 |
Levered Free Cash Flow | 332.39 | 854.78 | 199.2 | 1,623 | -147.45 | 107.98 | -322.99 | 239.04 | 454.89 | 102.34 | 216.02 | 229.82 | 365.09 | 90.63 | 203.74 | 608.81 | 501.1 | -925.58 | 569.18 | 534.52 |
Unlevered Free Cash Flow | 230.38 | 591.8 | -12.22 | 634.64 | 234.23 | 131.88 | 162.26 | 161.95 | 225.51 | 96.28 | 363.79 | 199.6 | 207.51 | -2.04 | -66.63 | 209.27 | 214.56 | -1,051 | 249.72 | 370.4 |
Updated Feb 5, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.