ARES Q3 2018 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q3 2018 Earnings

Financial Services Asset Management

Income Statement

Revenue

$241M-16.5% YoY

Gross Profit

$95M39.5% margin

Operating Income

$14M5.6% margin

Net Income

$16M6.6% margin

EPS (Diluted)

$0.09

QoQ Revenue Growth

+17.9%

Cash Flow

Operating Cash Flow

-$436M

Free Cash Flow

-$443M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$8.9B

Stockholders' Equity

$593M

Cash & Equivalents

$883M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$241M	$288M	-16.5%
Gross Profit	$95M	$159M	-40.2%
Operating Income	$14M	$30M	-54.0%
Net Income	$16M	$28M	-42.8%

Revenue Segments

Management Service

$214M72%

Carried Interest

$73M24%

Administrative Service

$11M4%

Management Service, Incentive

$872,0000%

Principal Investment Income

$422,0000%