ARES Q2 2019 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q2 2019 Earnings

Financial Services Asset Management

Income Statement

Revenue

$385M+88.5% YoY

Gross Profit

$223M57.9% margin

Operating Income

$49M12.8% margin

Net Income

$32M8.4% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

-19.4%

Cash Flow

Operating Cash Flow

-$941M

Free Cash Flow

-$944M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.0B

Total Liabilities

$9.4B

Stockholders' Equity

$635M

Cash & Equivalents

$624M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$385M	$204M	+88.5%
Gross Profit	$223M	$65M	+241.6%
Operating Income	$49M	-$17M	+391.5%
Net Income	$32M	-$12M	+372.9%

Revenue Segments

Carried Interest

$317M95%

Management Service

$9M3%

Management Service, Incentive

$5M1%

Service, Other

$5M1%