Ares Capital Corporation (ARCC) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | 184M | 248M | 365M | 347M | 182M | 410M | 337M | 314M | 221M | 302M | 280M | 184M |
| Operating CF Margin % | 24.12% | 39.06% | 55.73% | 59.93% | 40.81% | 72.31% | 54.98% | 59.02% | 34.59% | 51.36% | 42.42% | 37.63% |
| Operating CF Growth % | 1.1% | -39.51% | 8.31% | 10.51% | -17.65% | 35.76% | 20.36% | 70.65% | -5.56% | 15.27% | 6.87% | -24.28% |
| Net Income | 398M | 293M | 404M | 361M | 241M | 357M | 394M | 322M | 449M | 413M | 500M | 331M |
| Depreciation & Amortization | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 15M | -7M | -23M | -115M | 70M | -59M | -93M | -26M | -223M | -164M | -278M | -86M |
| Working Capital Changes | -239M | -38M | -16M | 101M | -129M | 112M | 36M | 18M | -5M | 53M | 58M | -61M |
| Change in Receivables | 57M | -48M | 35M | -55M | 66M | 103M | 24M | -48M | 10M | -36M | -20M | -8M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -42M | -35M | 2M | 142M | -177M | -58M | 52M | 25M | 7M | 4M | 83M | -4M |
| Cash from Investing | 70M | -675M | -1.14B | -565M | -481M | -678M | -858M | -1.63B | -242M | -661M | -234M | -232M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 29.48B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.89B | 21.93B | 21.5B |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -453M | 97M | 1.36B | 140M | 181M | 504M | 464M | 1.42B | 34M | 318M | 106M | 124M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 22M | 204M | 318M | 384M | 528M | 302M | 449M | 85M | 236M | 215M | 227M |
| Dividends Paid | -64M | -319M | -320M | -317M | -308M | -303M | -287M | -279M | -270M | -263M | -254M | -253M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -292M | 0 | 0 | -19M | -11M | -21M | -5M | -18M | -15M | -3M | -5M | -12M |
| Net Change in Cash | -269M | -330M | 590M | -78M | -118M | 236M | -57M | 104M | 13M | -41M | 152M | 76M |
| Free Cash Flow | 184M | 248M | 365M | 347M | 182M | 410M | 337M | 314M | 221M | 302M | 280M | 184M |
| FCF Margin % | 24.12% | 39.06% | 55.73% | 59.93% | 40.81% | 72.31% | 54.98% | 59.02% | 34.59% | 51.36% | 42.42% | 37.63% |
| FCF Growth % | 1.1% | -39.51% | 8.31% | 10.51% | -17.65% | 35.76% | 20.36% | 70.65% | -5.56% | 15.27% | 6.87% | -24.28% |
| FCF per Share | 0.26 | 0.35 | 0.51 | 0.50 | 0.27 | 0.63 | 0.53 | 0.51 | 0.37 | 0.51 | 0.48 | 0.32 |
| FCF Conversion (FCF/Net Income) | 2.00x | 0.85x | 0.90x | 0.96x | 0.76x | 1.15x | 0.86x | 0.98x | 0.49x | 0.73x | 0.56x | 0.56x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |