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Ares Management Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 1,129.74 million compared to USD 671.26 million a year ago. Net income was USD 118.46 million compared to USD 61.82 million a year ago. For the nine months, revenue was USD 2,625.78 million compared to USD 2,577.9 million a year ago. Net income was USD 286.43 million compared to USD 300.38 million a year ago.
Period Ending: | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
---|---|---|---|---|
Total Revenue | 1129.74 | 788.68 | 707.36 | 1053.98 |
Gross Profit | 479.6 | 403.24 | 350.45 | 463.09 |
Operating Income | 280.29 | 229.57 | 247.87 | 367.66 |
Net Income | 118.46 | 94.94 | 73.03 | 173.95 |
Period Ending: | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
---|---|---|---|---|
Total Assets | 24192.56 | 24413.27 | 24730.5 | |
Total Liabilities | 18435.54 | 19382.8 | 19709.15 | |
Total Equity | 5757.01 | 5030.47 | 5021.35 |
Period Ending: | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | 432.17 | 710.04 | -560.05 | |
Cash From Investing Activities | -29.24 | -34.07 | -66.9 | |
Cash From Financing Activities | -458.9 | -666.63 | 633.73 | |
Net Change in Cash | -61.89 | -1.94 | 36.45 |
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