ARES Q3 2021 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q3 2021 Earnings

Financial Services Asset Management

Income Statement

Revenue

$949M+93.7% YoY

Gross Profit

$613M64.6% margin

Operating Income

$135M14.3% margin

Net Income

$85M8.9% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

-26.7%

Cash Flow

Operating Cash Flow

-$775M

Free Cash Flow

-$782M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$19.9B

Total Liabilities

$16.4B

Stockholders' Equity

$1.8B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$949M	$490M	+93.7%
Gross Profit	$613M	$296M	+107.4%
Operating Income	$135M	$97M	+39.2%
Net Income	$85M	$48M	+78.2%

Revenue Segments

Carried Interest

$461M94%

Principal Investment Income

$14M3%

Management Service

$11M2%

Administrative Service

$4M1%

Management Service, Incentive

$696,0000%