ARES Q2 2022 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q2 2022 Earnings

Financial Services Asset Management

Income Statement

Revenue

$601M-53.6% YoY

Gross Profit

$226M37.5% margin

Operating Income

$49M8.1% margin

Net Income

$40M6.6% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

-15.9%

Cash Flow

Operating Cash Flow

-$792M

Free Cash Flow

-$802M

Stock-Based Comp.

$50M

Balance Sheet

Total Assets

$21.2B

Total Liabilities

$17.6B

Stockholders' Equity

$1.6B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$601M	$1.3B	-53.6%
Gross Profit	$226M	$1.0B	-78.0%
Operating Income	$49M	$270M	-82.0%
Net Income	$40M	$142M	-72.0%

Revenue Segments

Carried Interest

$47M69%

Management Service

$11M16%

Management Service, Incentive

$5M7%

Administrative Service

$4M6%

Fee Related Performance Revenues

$1M2%