Operating CF
$1.68B
Capex
−$65.85M
Free Cash Flow
$1.61B
FCF Margin
+96.1%
Cash flow waterfall for Ares Management (ARES) — TTM through Q1 2026
Free cash flow: $1.61B
Cash flow breakdown for Ares Management (ARES) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $1.68B | $1.68B |
| Capital Expenditure | −$65.85M | $1.61B |
| Free Cash Flow | $1.61B | $1.61B |
| Other Investing | $337.42M | $1.95B |
| Share Buybacks | −$538.40M | $1.41B |
| Dividends Paid | −$1.83B | −$421.91M |
| Net Debt Change | $678.06M | $256.14M |
| Other Financing | −$185.34M | $70.80M |
| Forex Effect | −$210.34M | −$139.54M |
| Net Cash Decrease | −$139.54M | −$139.54M |
- Operating Cash Flow$1.68B
- Capital Expenditure−$65.85M
- Free Cash Flow$1.61B
- Other Investing$337.42M
- Share Buybacks−$538.40M
- Dividends Paid−$1.83B
- Net Debt Change$678.06M
- Other Financing−$185.34M
- Forex Effect−$210.34M
- Net Cash Decrease−$139.54M
Want to see what drove the FCF change?Free Cash Flow Bridge
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