Ares Management Corporation Website

Ares Management Corporation

NYSE-ARES

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

1,708.9

1,735.5

4,112.7

3,043.2

3,595.4

3,177.9

Interest And Invest. Income

—

—

56.6

28.6

99.4

12.3

36.5

43.4

Total Revenues

1,765.4

1,764

4,212.1

3,055.4

3,631.9

3,221.3

Total Revenues % Chg.

84.2%

-0.1%

138.8%

-27.5%

18.9%

-11.6%

Cost of Goods Sold, Total

1,150.5

1,171.4

2,836.5

1,811.2

2,086.9

1,674.7

Gross Profit

614.9

592.7

1,375.6

1,244.3

1,545

1,546.6

Selling General & Admin Expenses, Total

292.3

279.1

506.7

550.1

624.9

664.1

Other Operating Expenses, Total

292.3

279.1

506.7

550.1

624.9

664.1

Operating Income

322.6

313.6

868.9

694.2

920.1

882.5

Interest Expense, Total

-297.4

-311.2

-294.8

-482.7

-860.9

-971.3

Interest And Investment Income

403.1

471.7

447.7

595.9

1,014.8

1,060.9

Net Interest Expenses

105.7

160.5

152.9

113.2

153.9

89.7

Currency Exchange Gains (Loss)

—

-8.5

13.1

-4.8

-13.5

-9.1

-9.1

Other Non Operating Income (Expenses)

0.7

-1.8

19.2

26.6

13.9

20.1

EBT, Excl. Unusual Items

420.5

485.4

1,036.2

820.5

1,078.8

983.1

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

24.7

-105.9

96.4

78.1

340.3

371

Asset Writedown

—

—

—

—

-20

—

—

-181.6

-78.7

-78.7

Other Unusual Items

—

—

—

-66.9

-206.3

-7.3

-17

EBT, Incl. Unusual Items

425.2

379.5

1,065.7

510.8

1,333.1

1,258.3

Income Tax Expense

52.4

55

147.4

71.9

173

157.8

Earnings From Continuing Operations

372.8

324.5

918.3

438.9

1,160.1

1,100.6

Minority Interest

-223.9

-172.3

-509.5

-271.4

-685.8

-696.8

Net Income

148.9

152.1

408.8

167.5

474.3

403.7

Preferred Dividend and Other Adjustments

29.4

32.2

40.2

14.1

21.3

25.5

Net Income to Common Incl Extra Items

119.5

120

368.6

153.4

453

378.2

Net Income to Common Excl. Extra Items

119.5

120

368.6

153.4

453

378.2

Total Shares Outstanding

115.2

147.2

171.8

177.4

190.6

199.2

Weighted Avg. Shares Outstanding

107.9

135.1

163.7

175.5

184.5

191.2

Weighted Avg. Shares Outstanding Dil

119.9

149.5

180.1

175.5

195.8

196.9

EPS

1.1

0.9

2.3

0.9

2.5

2

EPS Diluted

1.1

0.9

2.1

0.9

2.4

1.9

EBITDA

342.1

354.8

982.2

1,035.6

1,151.8

1,098.4

Effective Tax Rate

12.3%

14.5%

13.8%

14.1%

13%

12.5%