ARES Q4 2019 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$34B

Q4 2019 Earnings

Financial Services Asset Management

Income Statement

Revenue

$437M+76.6% YoY

Gross Profit

$269M61.5% margin

Operating Income

$75M17.1% margin

Net Income

$38M8.8% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

-6.3%

Cash Flow

Operating Cash Flow

-$403M

Free Cash Flow

-$408M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$12.0B

Total Liabilities

$10.2B

Stockholders' Equity

$768M

Cash & Equivalents

$745M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$437M	$247M	+76.6%
Gross Profit	$269M	$96M	+179.2%
Operating Income	$75M	$32M	+136.5%
Net Income	$38M	$12M	+222.2%

Revenue Segments

Carried Interest

$118M82%

Management Service

$9M6%

Management Service, Incentive

$9M6%

Service, Other

$5M4%

Administrative Service

$3M2%