ARES Q3 2020 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q3 2020 Earnings

Financial Services Asset Management

Income Statement

Revenue

$490M+5.0% YoY

Gross Profit

$296M60.3% margin

Operating Income

$97M19.9% margin

Net Income

$48M9.7% margin

EPS (Diluted)

$0.27

QoQ Revenue Growth

-18.7%

Cash Flow

Operating Cash Flow

$163M

Free Cash Flow

$163M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$14.9B

Total Liabilities

$12.6B

Stockholders' Equity

$1.1B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$490M	$466M	+5.0%
Gross Profit	$296M	$300M	-1.6%
Operating Income	$97M	$71M	+37.4%
Net Income	$48M	$33M	+42.6%

Revenue Segments

Carried Interest

$169M81%

Management Service

$12M6%

Principal Investment Income

$11M5%

Management Service, Incentive

$7M3%

Service, Other

$5M2%

Administrative Service

$4M2%