ARES Q3 2019 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q3 2019 Earnings

Financial Services Asset Management

Income Statement

Revenue

$466M+93.7% YoY

Gross Profit

$300M64.4% margin

Operating Income

$71M15.2% margin

Net Income

$33M7.1% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+21.2%

Cash Flow

Operating Cash Flow

-$389M

Free Cash Flow

-$395M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.6B

Total Liabilities

$9.8B

Stockholders' Equity

$752M

Cash & Equivalents

$728M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$466M	$241M	+93.7%
Gross Profit	$300M	$95M	+215.5%
Operating Income	$71M	$14M	+420.9%
Net Income	$33M	$16M	+109.5%

Revenue Segments

Service, Other

$5M100%