ARES Financial Statements

Balance sheet, income statement, cash flow, and dividends for Ares Management Corp (ARES).


$55.42B Market Cap.

As of 02/27/2025 5:00 PM ET (MRY) • Disclaimer

ARES Market Cap. (MRY)


ARES Shares Outstanding (MRY)


ARES Assets (MRY)


Total Assets

$24.88B

Total Liabilities

$17.49B

Total Investments

$17.38B

ARES Income (MRY)


Revenue

$3.88B

Net Income

$463.74M

Operating Expense

$2.94B

ARES Cash Flow (MRY)


CF Operations

$2.79B

CF Investing

-$159.40M

CF Financing

-$1.43B

ARES Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$3.72

2.10%

20.78%

182.35%

0.55

2023

$3.08

2.60%

26.23%

126.23%

0.79

2022

$2.44

3.60%

29.79%

280.46%

0.36

2021

$1.88

2.30%

17.50%

83.93%

1.19

2020

$1.60

3.40%

-

179.78%

0.56

ARES Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$24,884,308,000 (0.62%)

$24,730,500,000 (12.40%)

$22,002,839,000 (1.84%)

$21,605,164,000 (42.43%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$2,138,464,000 (-2.02%)

$2,182,471,000 (-1.15%)

$2,207,876,000 (-0.13%)

$2,210,790,000 (895.46%)

Shareholders Equity

$3,543,646,000 (87.16%)

$1,893,399,000 (19.14%)

$1,589,239,000 (-12.93%)

$1,825,227,000 (52.91%)

Property Plant & Equipment Net

$511,319,000 (105.08%)

$249,326,000 (59.88%)

$155,950,000 (-6.98%)

$167,652,000 (8.34%)

Cash & Equivalents

$2,735,465,000 (82.63%)

$1,497,785,000 (34.38%)

$1,114,628,000 (-19.97%)

$1,392,846,000 (31.13%)

Accumulated Other Comprehensive Income

-$17,757,000 (-215.40%)

-$5,630,000 (62.43%)

-$14,986,000 (-707.87%)

-$1,855,000 (-484.06%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$17,382,619,000 (-9.59%)

$19,226,519,000 (11.92%)

$17,179,367,000 (4.11%)

$16,500,942,000 (31.38%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$1,259,390,000 (19.06%)

$1,057,748,000 (17.75%)

$898,311,000 (-6.30%)

$958,749,000 (76.15%)

Trade & Non-Trade Payables

$1,519,858,000 (32.01%)

$1,151,332,000 (18.54%)

$971,235,000 (-42.87%)

$1,699,940,000 (118.71%)

Accumulated Retained Earnings (Deficit)

-$837,294,000 (-69.12%)

-$495,083,000 (-34.00%)

-$369,475,000 (-313.37%)

-$89,382,000 (41.13%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$13,147,967,000 (-16.55%)

$15,755,950,000 (18.16%)

$13,334,236,000 (6.72%)

$12,494,216,000 (14.59%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$17,485,922,000 (-11.28%)

$19,709,151,000 (15.27%)

$17,097,810,000 (2.41%)

$16,694,730,000 (32.53%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

ARES Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$3,884,781,000 (6.96%)

$3,631,884,000 (18.87%)

$3,055,443,000 (-27.46%)

$4,212,091,000 (138.77%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$2,468,248,000 (14.97%)

$2,146,844,000 (-2.14%)

$2,193,846,000 (36.53%)

$1,606,811,000 (56.57%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$2,938,691,000 (5.03%)

$2,797,858,000 (1.77%)

$2,749,085,000 (-19.38%)

$3,410,083,000 (135.10%)

Interest Expense

$978,301,000 (13.64%)

$860,876,000 (78.34%)

$482,717,000 (63.74%)

$294,808,000 (-5.27%)

Income Tax Expense

$164,617,000 (-4.83%)

$172,971,000 (140.60%)

$71,891,000 (-51.22%)

$147,385,000 (168.01%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$1,110,735,000 (-4.25%)

$1,160,092,000 (164.31%)

$438,915,000 (-52.20%)

$918,305,000 (183.00%)

Net Income to Non-Controlling Interests

$646,993,000 (-5.65%)

$685,766,000 (152.70%)

$271,374,000 (-46.73%)

$509,468,000 (195.61%)

Net Income

$463,742,000 (-2.23%)

$474,326,000 (183.11%)

$167,541,000 (-59.02%)

$408,837,000 (168.72%)

Preferred Dividends Income Statement Impact

$22,781,000 (0%)

$0 (0%)

$0 (0%)

$22,089,000 (1.79%)

Net Income Common Stock

$440,961,000 (-7.03%)

$474,326,000 (183.11%)

$167,541,000 (-56.68%)

$386,748,000 (196.49%)

Weighted Average Shares

$198,054,451 (7.33%)

$184,523,524 (5.14%)

$175,510,798 (7.21%)

$163,703,626 (21.20%)

Weighted Average Shares Diluted

$198,054,451 (1.17%)

$195,773,426 (11.54%)

$175,510,798 (-2.55%)

$180,112,271 (20.47%)

Earning Before Interest & Taxes (EBIT)

$1,606,660,000 (6.53%)

$1,508,173,000 (108.85%)

$722,149,000 (-15.14%)

$851,030,000 (64.18%)

Gross Profit

$3,884,781,000 (6.96%)

$3,631,884,000 (18.87%)

$3,055,443,000 (-27.46%)

$4,212,091,000 (138.77%)

Operating Income

$946,090,000 (13.44%)

$834,026,000 (172.24%)

$306,358,000 (-61.80%)

$802,008,000 (155.77%)

ARES Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$159,404,000 (-43.51%)

-$111,079,000 (67.08%)

-$337,379,000 (68.89%)

-$1,084,633,000 (-693.07%)

Net Cash Flow from Financing

-$1,431,594,000 (-590.06%)

$292,126,000 (-74.10%)

$1,128,063,000 (-67.80%)

$3,503,625,000 (271.19%)

Net Cash Flow from Operations

$2,791,154,000 (1296.58%)

-$233,261,000 (68.23%)

-$734,112,000 (71.72%)

-$2,596,045,000 (-509.89%)

Net Cash Flow / Change in Cash & Cash Equivalents

$1,159,702,000 (2880.19%)

-$41,713,000 (-190.03%)

$46,332,000 (123.62%)

-$196,157,000 (-148.86%)

Net Cash Flow - Business Acquisitions and Disposals

-$67,895,000 (-54.67%)

-$43,896,000 (85.44%)

-$301,583,000 (71.48%)

-$1,057,407,000 (-775.18%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$91,509,000 (-36.21%)

-$67,183,000 (-87.68%)

-$35,796,000 (-31.48%)

-$27,226,000 (-70.78%)

Issuance (Repayment) of Debt Securities

-$2,277,990,000 (-235.40%)

$1,682,443,000 (-4.91%)

$1,769,373,000 (-37.55%)

$2,833,180,000 (145.87%)

Issuance (Purchase) of Equity Shares

$407,124,000 (0%)

$0 (0%)

$0 (0%)

$827,430,000 (115.95%)

Payment of Dividends & Other Cash Distributions

-$1,310,896,000 (-27.19%)

-$1,030,666,000 (-23.23%)

-$836,364,000 (-40.92%)

-$593,506,000 (-32.84%)

Effect of Exchange Rate Changes on Cash

-$40,454,000 (-485.24%)

$10,501,000 (202.55%)

-$10,240,000 (46.40%)

-$19,104,000 (-195.73%)

Share Based Compensation

$352,851,000 (37.85%)

$255,965,000 (27.73%)

$200,391,000 (-15.51%)

$237,191,000 (92.86%)

Depreciation Amortization & Accretion

$158,578,000 (-31.56%)

$231,712,000 (-32.12%)

$341,341,000 (201.29%)

$113,293,000 (174.66%)

ARES Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

11.40% (-12.98%)

13.10% (138.18%)

5.50% (-40.22%)

9.20% (24.32%)

EBITDA Margin

45.40% (-5.22%)

47.90% (37.64%)

34.80% (51.97%)

22.90% (-27.76%)

Return on Average Equity (ROAE)

18.80% (-30.11%)

26.90% (158.65%)

10.40% (-57.20%)

24.30% (94.40%)

Return on Average Assets (ROAA)

1.80% (-10.00%)

2.00% (150.00%)

0.80% (-60.00%)

2.00% (122.22%)

Return on Sales (ROS)

41.40% (-0.24%)

41.50% (75.85%)

23.60% (16.83%)

20.20% (-31.29%)

Return on Invested Capital (ROIC)

4.60% (4.55%)

4.40% (91.30%)

2.30% (-23.33%)

3.00% (36.36%)

Dividend Yield

2.10% (-19.23%)

2.60% (-27.78%)

3.60% (56.52%)

2.30% (-32.35%)

Price to Earnings Ratio (P/E)

86.78 (78.05%)

48.74 (-38.05%)

78.67 (116.83%)

36.28 (-31.37%)

Price to Sales Ratio (P/S)

9.03 (49.37%)

6.04 (53.70%)

3.93 (24.44%)

3.16 (-12.30%)

Price to Book Ratio (P/B)

15.64 (-18.95%)

19.3 (52.30%)

12.67 (-1.85%)

12.91 (26.71%)

Debt to Equity Ratio (D/E)

4.93 (-52.60%)

10.41 (-3.24%)

10.76 (17.61%)

9.15 (-13.32%)

Earnings Per Share (EPS)

2.04 (-16.39%)

2.44 (180.46%)

0.87 (-61.16%)

2.24 (151.69%)

Sales Per Share (SPS)

19.61 (-0.34%)

19.68 (13.06%)

17.41 (-32.34%)

25.73 (97.00%)

Free Cash Flow Per Share (FCFPS)

13.63 (937.29%)

-1.63 (62.89%)

-4.39 (72.62%)

-16.02 (-390.06%)

Book Value Per Share (BVPS)

17.89 (74.37%)

10.26 (13.32%)

9.05 (-18.79%)

11.15 (26.16%)

Tangible Assets Book Value Per Share (TABVPS)

114.85 (-6.01%)

122.2 (8.34%)

112.78 (-4.80%)

118.47 (7.06%)

Enterprise Value Over EBIT (EV/EBIT)

42 (27.27%)

33 (-25.00%)

44 (12.82%)

39 (-4.88%)

Enterprise Value Over EBITDA (EV/EBITDA)

38.62 (35.63%)

28.48 (-4.66%)

29.87 (-13.80%)

34.65 (-9.83%)

Asset Turnover

0.16 (1.92%)

0.16 (9.09%)

0.14 (-35.00%)

0.22 (77.42%)

Current Ratio

-

-

-

-

Dividends

$3.72 (20.78%)

$3.08 (26.23%)

$2.44 (29.79%)

$1.88 (17.50%)

Free Cash Flow (FCF)

$2,699,645,000 (998.55%)

-$300,444,000 (60.98%)

-$769,908,000 (70.65%)

-$2,623,271,000 (-494.04%)

Enterprise Value (EV)

$68,175,591,201 (37.60%)

$49,545,096,076 (55.98%)

$31,763,692,558 (-4.93%)

$33,410,703,323 (55.39%)

Earnings Before Tax (EBT)

$628,359,000 (-2.93%)

$647,297,000 (170.35%)

$239,432,000 (-56.95%)

$556,222,000 (168.53%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$1,765,238,000 (1.46%)

$1,739,885,000 (63.60%)

$1,063,490,000 (10.28%)

$964,323,000 (72.32%)

Invested Capital

$33,158,346,000 (-9.91%)

$36,806,194,000 (14.97%)

$32,014,571,000 (4.98%)

$30,495,744,000 (23.03%)

Working Capital

-

-

-

-

Tangible Asset Value

$22,745,844,000 (0.88%)

$22,548,029,000 (13.91%)

$19,794,963,000 (2.07%)

$19,394,374,000 (29.76%)

Market Capitalization

$55,420,338,201 (51.70%)

$36,533,462,076 (81.45%)

$20,134,099,558 (-14.54%)

$23,560,800,323 (93.75%)

Average Equity

$2,347,245,750 (33.24%)

$1,761,619,000 (9.53%)

$1,608,328,500 (1.12%)

$1,590,567,000 (52.22%)

Average Assets

$24,503,196,250 (5.21%)

$23,290,445,250 (8.88%)

$21,391,645,750 (11.54%)

$19,178,769,500 (34.51%)

Invested Capital Average

$34,853,854,500 (1.45%)

$34,355,334,500 (11.34%)

$30,857,118,500 (9.17%)

$28,264,300,250 (21.60%)

Shares

313,056,195 (1.90%)

307,210,411 (4.43%)

294,186,142 (1.48%)

289,907,719 (12.17%)