ARES Q4 2020 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q4 2020 Earnings

Financial Services Asset Management

Income Statement

Revenue

$658M+50.6% YoY

Gross Profit

$450M68.4% margin

Operating Income

$166M25.2% margin

Net Income

$79M12.0% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+34.3%

Cash Flow

Operating Cash Flow

-$438M

Free Cash Flow

-$445M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$15.2B

Total Liabilities

$12.7B

Stockholders' Equity

$1.2B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$658M	$437M	+50.6%
Gross Profit	$450M	$269M	+67.5%
Operating Income	$166M	$75M	+121.9%
Net Income	$79M	$38M	+106.1%

Revenue Segments

Carried Interest

$264M86%

Principal Investment Income

$20M7%

Management Service

$12M4%

Service, Other

$7M2%

Administrative Service

$4M1%

Management Service, Incentive

$211,0000%