ARES COMMERCIAL REAL ESTATE CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|
| Revenue | $46.3M | $45.1M | $50.0M | $37.5M | $32.0M | $6.7M |
| Cost of Revenue | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $2.8M | $2.8M | $2.8M | $3.0M | $4.0M | $1.3M |
| Operating Income | $30.6M | $30.7M | $36.3M | $23.0M | $13.9M | $860.0K |
| Operating Margin | 66.0% | 68.0% | 72.7% | 61.2% | 43.5% | 12.8% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $30.6M | $30.7M | $36.3M | $23.0M | $13.9M | $860.0K |
| Income Tax Expense | $178.0K | $230.0K | $-11.0K | $240.0K | $176.0K | — |
| Net Income | $30.4M | $44.9M | $43.3M | $24.6M | $13.8M | $186.0K |
| Net Margin | 65.6% | 99.5% | 86.6% | 65.6% | 43.0% | 2.8% |
| EPS (Basic) | $1.07 | $1.42 | $1.20 | $0.86 | $0.72 | $0.01 |
| EPS (Diluted) | $1.07 | $1.41 | $1.20 | $0.85 | $0.72 | $0.01 |
| Shares Outstanding (Basic) | 28.5M | 28.5M | 28.5M | 28.5M | 19.0M | 19.6M |
| Shares Outstanding (Diluted) | 28.6M | 28.5M | 28.6M | 28.6M | 19.0M | 19.7M |
| Dividends Per Share | $1.08 | $1.04 | $1.00 | $1.00 | $1.00 | $0.22 |