ARES Q2 2021 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q2 2021 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1.3B+114.8% YoY

Gross Profit

$1.0B79.2% margin

Operating Income

$270M20.9% margin

Net Income

$142M10.9% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

+96.7%

Cash Flow

Operating Cash Flow

-$328M

Free Cash Flow

-$333M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$18.6B

Total Liabilities

$15.2B

Stockholders' Equity

$1.6B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$603M	+114.8%
Gross Profit	$1.0B	$418M	+145.5%
Operating Income	$270M	$119M	+126.6%
Net Income	$142M	$56M	+151.3%

Revenue Segments

Carried Interest

$853M92%

Principal Investment Income

$47M5%

Management Service

$11M1%

Service, Other

$7M1%

Administrative Service

$5M1%

Management Service, Incentive

$3,0000%