Ares Management Corporation (ARES) quarterly cash flow statement — complete operating, investing & financing history
Ares Management Corporation (ARES) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -351.44M | 406.51M | -483.69M | 1.34B | 415.7M | 1.99B | 807.62M | 841.32M | 432.17M | 710.04M | -560.05M | 318.27M | -699.05M | 707.57M | -190.51M | 24.59M | -792.35M | 224.15M | -752.29M | -774.71M |
| Operating CF Growth % | -184.54% | -79.62% | -159.89% | 59.36% | -3.81% | 180.86% | 244.2% | 164.34% | 161.82% | 0.35% | -193.98% | 1194.15% | 11.77% | 215.67% | 74.68% | 103.17% | -141.62% | 130.24% | -71.71% | -574.4% |
| Net Income | 312.96M | 129.37M | 198.5M | 540.38M | 225.98M | 123.5M | 540.23M | 410.14M | 87.34M | 73.03M | 423.55M | 61.82M | 332.25M | 207.32M | 293.19M | -39.1M | 53.61M | 140.9M | 116.97M | 84.73M |
| Depreciation & Amortization | 0 | 59.69M | 0 | 0 | 0 | 0 | 39.68M | -41.25M | 36.25M | 36.64M | 0 | 105.52M | 42.99M | 0 | 341.34M | 219.48M | 40.51M | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -62.46M | -167.5M | -105.27M | 0 | 0 | -267.6M | -90.15M | 0 | 0 | 0 |
| Other Non-Cash Items | -307.44M | -35.06M | -206.9M | 486.55M | 346.41M | 1.28B | 346.6M | 128.54M | 312.2M | 468.9M | -240.11M | 232.88M | -1.19B | 450.6M | -712.65M | -22.42M | -750.43M | -44.3M | -1.2B | 303.4M |
| Working Capital Changes | -356.97M | 252.51M | -475.28M | 313.82M | -156.69M | 591.4M | -502.3M | 466.87M | -3.63M | 39.05M | -681.03M | 23.57M | 153.75M | 49.66M | -312.78M | 86.12M | -95.52M | 127.55M | 286.14M | -1.16B |
| Cash from Investing | -33.2M | 330.52M | -21.08M | -14.95M | -22.92M | -1.74B | -63.52M | -32.58M | -29.24M | -34.07M | -66.9M | -23.05M | -12.25M | -8.88M | -7.33M | -9.92M | -9.98M | -310.15M | -12.05M | -286.48M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -135.3M | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 337.69M | 0 | 0 | 0 | 0 | 0 | 0 | 342.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investment Activity | 0 | 337.69M | 0 | 0 | 0 | 0 | 0 | 90.85M | 342.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -135.3M | 0 | 0 | 0 |
| Acquisitions | -147K | 8.48M | -5.29M | -3.46M | 0 | -1.72B | -54.21M | 781.14M | 0 | -8M | -43.9M | 0 | 0 | 0 | 75K | 19K | -53K | -301.62M | 19K | -279.28M |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -829.7M | -342.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135.3M | 0 | 0 | 0 |
| Cash from Financing | 370.86M | -630.6M | 542.86M | -1.23B | -567.2M | -1.18B | 478.16M | -784.22M | -458.9M | -666.63M | 633.73M | -244.1M | 723.64M | -821.14M | 200.98M | 111.59M | 722.46M | 93.04M | 810.64M | 798.11M |
| Dividends Paid | -513.76M | -522.75M | -459.75M | -423.68M | -428.17M | -445.09M | -341.54M | -563.93M | -312.21M | -320.05M | -270.58M | -249.58M | -258.87M | -251.63M | -228.14M | -201.85M | -194.48M | -211.89M | -154.94M | -150.39M |
| Share Repurchases | 0 | 0 | 0 | -511.37M | -27.03M | -396.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.74M | 0 | -183.03M | 0 | -120.45M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | -112K | 52.84M | 354.39M | 1.51M | 5.53M | 27.29M | 43.96M | 9.18M | 6.67M | 0 | 5.3M | 0 | 9.81M | 0 |
| Net Stock Activity | 0 | 0 | 0 | -511.37M | -27.03M | -396.72M | -112K | 52.84M | 354.39M | 1.51M | 5.53M | 27.29M | 43.96M | 9.18M | 6.67M | -4.74M | 5.3M | -183.03M | 9.81M | -120.45M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 589K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 250.48M | -385.54M | 48.05M | 81.33M | 70.82M | -228.64M | 1.49B | 221.26M | 306.17M | -43.93M | -426.37M | 6.7M | 553.35M | -579.28M | 171.4M | 36.08M | 111.19M | 52.17M | 104.57M | -29.87M |
| Net Change in Cash | -11.69M | -9.9M | -7.77M | -12.99M | -108.88M | -889.44M | 1.16B | 65.69M | -20.22M | -1.94M | 36.45M | 35M | 4.58M | -117.74M | 28.49M | 108.63M | -93.17M | 2.39M | 47.95M | -287.2M |
| Exchange Rate Effect | 2.1M | -116.34M | -45.86M | -113.68M | 65.54M | 38.77M | -64.42M | 41.17M | 35.74M | -11.29M | 29.67M | -16.12M | -7.76M | 4.71M | 25.34M | -17.63M | -13.31M | -4.65M | 1.66M | -24.12M |
| Cash at Beginning | 568.78M | 1.45B | 496.67M | 509.66M | 618.54M | 1.51B | 350.14M | 284.44M | 1.55B | 348.27M | 311.83M | 276.83M | 272.25M | 389.99M | 361.5M | 252.87M | 346.04M | 343.65M | 295.7M | 582.91M |
| Cash at End | 557.09M | 1.44B | 488.9M | 496.67M | 509.66M | 618.54M | 1.51B | 350.14M | 1.53B | 346.33M | 348.27M | 311.83M | 276.83M | 272.25M | 389.99M | 361.5M | 252.87M | 346.04M | 343.65M | 295.7M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -384.5M | 390.87M | -499.48M | 1.33B | 392.78M | 1.97B | 798.31M | 814.42M | 402.93M | 683.97M | -583.06M | 295.22M | -711.3M | 698.7M | -197.91M | 14.65M | -802.27M | 215.63M | -764.37M | -781.91M |
| FCF Growth % | -197.89% | -80.18% | -162.57% | 63.21% | -2.52% | 188.35% | 236.92% | 175.87% | 156.65% | -2.11% | -194.6% | 1914.75% | 11.34% | 224.03% | 74.11% | 101.87% | -141.22% | 128.97% | -71.59% | -580.37% |