ARES Q4 2022 Earnings — Ares Management Corporation Revenue & Financial Results | Market Cap Arena

ARESAres Management Corporation

$36B

Q4 2022 Earnings

Financial Services Asset Management

Income Statement

Revenue

$938M-28.4% YoY

Gross Profit

$594M63.4% margin

Operating Income

$251M26.8% margin

Net Income

$117M12.5% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

+17.0%

Cash Flow

Operating Cash Flow

-$191M

Free Cash Flow

-$198M

Stock-Based Comp.

$200M

Balance Sheet

Total Assets

$22.0B

Total Liabilities

$18.2B

Stockholders' Equity

$1.6B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$938M	$1.3B	-28.4%
Gross Profit	$594M	$985M	-39.7%
Operating Income	$251M	$263M	-4.5%
Net Income	$117M	$124M	-5.3%

Revenue Segments

Management Service, Incentive

$271M77%

Carried Interest

$40M11%

Administrative Service

$39M11%