ARES Q2 2020 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q2 2020 Earnings

Financial Services Asset Management

Income Statement

Revenue

$603M+56.6% YoY

Gross Profit

$418M69.3% margin

Operating Income

$119M19.8% margin

Net Income

$56M9.4% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

+4395.2%

Cash Flow

Operating Cash Flow

$212M

Free Cash Flow

$207M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$13.7B

Total Liabilities

$11.7B

Stockholders' Equity

$945M

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$603M	$385M	+56.6%
Gross Profit	$418M	$223M	+87.6%
Operating Income	$119M	$49M	+142.6%
Net Income	$56M	$32M	+75.4%

Revenue Segments

Carried Interest

$72M100%

Management Service, Incentive

$25,0000%