ARES Q1 2020 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q1 2020 Earnings

Financial Services Asset Management

Income Statement

Revenue

$13M-97.2% YoY

Gross Profit

-$167M-1243.0% margin

Operating Income

-$69M-511.2% margin

Net Income

-$31M-231.5% margin

EPS (Diluted)

$-0.33

QoQ Revenue Growth

-96.9%

Cash Flow

Operating Cash Flow

-$363M

Free Cash Flow

-$366M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$13.2B

Total Liabilities

$11.2B

Stockholders' Equity

$899M

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13M	$477M	-97.2%
Gross Profit	-$167M	$320M	-152.0%
Operating Income	-$69M	$108M	-163.4%
Net Income	-$31M	$45M	-169.0%

Revenue Segments

Management Service

$11M59%

Service, Other

$4M22%

Administrative Service

$3M19%