ARES Q1 2019 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q1 2019 Earnings

Financial Services Asset Management

Income Statement

Revenue

$477M+79.3% YoY

Gross Profit

$320M67.1% margin

Operating Income

$108M22.7% margin

Net Income

$45M9.4% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

+92.9%

Cash Flow

Operating Cash Flow

-$350M

Free Cash Flow

-$353M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.5B

Total Liabilities

$9.0B

Stockholders' Equity

$600M

Cash & Equivalents

$658M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$477M	$266M	+79.3%
Gross Profit	$320M	$131M	+143.7%
Operating Income	$108M	$60M	+80.7%
Net Income	$45M	$41M	+9.8%

Revenue Segments

Management Service

$233M48%

Carried Interest

$197M40%

Principal Investment Income

$30M6%

Management Service, Incentive

$17M4%

Administrative Service

$10M2%