Ares Management Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | $76.2M | $111.8M | $19.4M | $35.0M |
| Depreciation & Amortization | — | — | — | — |
| Depreciation | $12.6M | $8.2M | $6.9M | $7.3M |
| Amortization | $17.9M | — | — | $27.6M |
| Stock-Based Compensation | — | — | — | — |
| Net Cash from Operating Activities | $-1.86B | $-625.7M | $-528.0M | $1.53B |
| Investing Activities | ||||
| Capital Expenditures | $33.2M | $11.9M | $10.7M | $16.7M |
| Business Acquisitions | $0 | $0 | $64.4M | $60.0M |
| Net Cash from Investing Activities | $-33.2M | $-11.9M | $-75.1M | $-76.7M |
| Financing Activities | ||||
| Dividends Paid | — | — | — | — |
| Stock Repurchases | — | — | — | — |
| Net Cash from Financing Activities | $1.65B | $880.8M | $581.5M | $-1.36B |
| Net Change in Cash | $-223.9M | — | — | — |
| Free Cash Flow | $-1.90B | $-637.6M | $-538.7M | $1.52B |