ARESAres Management Corporation

$34B

FY 2013 Earnings

Financial Services Asset Management

Income Statement

Revenue

$479M+43.3% YoY

Gross Profit

$145M30.2% margin

Operating Income

-$323M-67.5% margin

Net Income

$180M37.7% margin

EPS (Diluted)

$2.24

Cash Flow

Operating Cash Flow

$2.2B

Free Cash Flow

$2.2B

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$23.7B

Total Liabilities

$17.2B

Stockholders' Equity

$6.4B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$479M	$334M	+43.3%
Gross Profit	$145M	$45M	+219.4%
Operating Income	-$323M	-$424M	+23.9%
Net Income	$180M	$221M	-18.2%

ARES FY 2013 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena