ARES Q4 2021 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q4 2021 Earnings

Financial Services Asset Management

Income Statement

Revenue

$1.3B+99.1% YoY

Gross Profit

$985M75.2% margin

Operating Income

$263M20.1% margin

Net Income

$124M9.5% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+38.1%

Cash Flow

Operating Cash Flow

-$752M

Free Cash Flow

-$764M

Stock-Based Comp.

$46M

Balance Sheet

Total Assets

$21.6B

Total Liabilities

$17.8B

Stockholders' Equity

$1.8B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$658M	+99.1%
Gross Profit	$985M	$450M	+118.7%
Operating Income	$263M	$166M	+58.9%
Net Income	$124M	$79M	+56.6%

Revenue Segments

Carried Interest

$463M98%

Administrative Service

$9M2%