ARES Q1 2022 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q1 2022 Earnings

Financial Services Asset Management

Income Statement

Revenue

$715M+8.6% YoY

Gross Profit

$358M50.0% margin

Operating Income

$103M14.4% margin

Net Income

$46M6.4% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-45.4%

Cash Flow

Operating Cash Flow

$224M

Free Cash Flow

$216M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$21.1B

Total Liabilities

$17.5B

Stockholders' Equity

$1.7B

Cash & Equivalents

$829M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$715M	$658M	+8.6%
Gross Profit	$358M	$427M	-16.1%
Operating Income	$103M	$133M	-22.5%
Net Income	$46M	$58M	-21.4%

Revenue Segments

Carried Interest

$178M83%

Fee Related Performance Revenues

$13M6%

Management Service

$11M5%

Principal Investment Income

$8M4%

Administrative Service

$5M2%

Management Service, Incentive

$34,0000%