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Ares Capital (ARCC) Cash Flow Waterfall

Trace Ares Capital's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$1.07B

Capex

$0.00

Free Cash Flow

$1.07B

FCF Margin

+100.0%

Cash flow waterfall for Ares Capital (ARCC) — TTM through Q1 2026

Free cash flow: $1.07B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Ares Capital (ARCC) — TTM through Q1 2026

  • Operating Cash Flow$1.07B
  • Capital Expenditure$0.00
  • Free Cash Flow$1.07B
  • Other Investing−$2.31B
  • Dividends Paid−$1.30B
  • Net Debt Change$1.93B
  • Other Financing & FX$514.00M
  • Net Cash Decrease−$87.00M
Want to see what drove the FCF change?Free Cash Flow Bridge

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