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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow3.27 B USD2.79 B USD-233.26 M USD-734.11 M USD-2.60 B USD-425.66 M USD-2.08 B USD-1.42 B USD-1.86 B USD-625.65 M USD-527.99 M USD1.53 B USD
Depreciation & Amortization45.20 M USD32.20 M USD31.40 M USD26.20 M USD22.10 M USD19.00 M USD17.10 M USD16.10 M USD12.60 M USD8.20 M USD6.90 M USD7.30 M USD
Stock-Based Compensation
Capital Expenditures18.42 M USD33.16 M USD11.91 M USD10.68 M USD16.66 M USD
Cash Flow from Investing-1.80 B USD-159.40 M USD-111.08 M USD-337.38 M USD-1.08 B USD-136.76 M USD-16.80 M USD-18.42 M USD-33.16 M USD-11.91 M USD-75.11 M USD-76.66 M USD
Cash Flow from Financing-2.43 B USD-1.43 B USD292.13 M USD1.13 B USD3.50 B USD943.89 M USD2.12 B USD1.41 B USD1.65 B USD880.76 M USD581.54 M USD-1.36 B USD
Dividends Paid
Stock Buybacks
Free Cash Flow-1.44 B USD-1.90 B USD-637.57 M USD-538.66 M USD1.52 B USD

Ares Management Corporation is a global alternative investment manager specializing in private markets strategies across credit, private equity, real assets, and secondary solutions. The firm structures and manages investment vehicles that provide institutional and high-net-worth clients with access to diversified, often non-public assets and financing opportunities. Its credit platform spans direct lending, syndicated loans, and other credit strategies, while its private equity business focuses on control and growth investments in companies across multiple industries. In real assets, Ares Management Corporation manages investments in real estate and infrastructure-oriented strategies. The company also offers secondary solutions, providing liquidity and portfolio management options to existing investors in private funds. Headquartered in Los Angeles, California and founded in 1997, Ares Management Corporation operates through a broad international footprint, serving clients across North America, Europe, Asia-Pacific, and the Middle East and playing a significant role in the global alternative asset management industry.