ARES Q1 2021 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q1 2021 Earnings

Financial Services Asset Management

Income Statement

Revenue

$658M+4810.0% YoY

Gross Profit

$427M64.8% margin

Operating Income

$133M20.2% margin

Net Income

$58M8.9% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

-$741M

Free Cash Flow

-$744M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$16.5B

Total Liabilities

$14.1B

Stockholders' Equity

$1.2B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$658M	$13M	+4810.0%
Gross Profit	$427M	-$167M	+355.9%
Operating Income	$133M	-$69M	+294.4%
Net Income	$58M	-$31M	+288.1%

Revenue Segments

Carried Interest

$298M92%

Management Service

$12M4%

Service, Other

$7M2%

Administrative Service

$4M1%

Management Service, Incentive

$2M0%