Ares Capital Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	1,363	1,522	1,522	600	1,567	484	Upgrade
Other Amortization	34	33	31	30	29	31	Upgrade
Loss (Gain) From Sale of Investments	-4	-150	-274	431	-885	302	Upgrade
Other Operating Activities	-3,049	-3,723	-799	-2,273	-3,378	-1,452	Upgrade
Change in Accounts Receivable	15	-45	-60	-34	-24	12	Upgrade
Change in Accounts Payable	59	24	10	-1	27	-20	Upgrade
Change in Other Net Operating Assets	24	211	81	-112	205	63	Upgrade
Operating Cash Flow	-1,558	-2,128	511	-1,359	-2,459	-580	Upgrade
Long-Term Debt Issued	-	13,238	5,215	7,955	19,387	8,279	Upgrade
Long-Term Debt Repaid	-	-10,980	-5,603	-6,818	-16,829	-6,737	Upgrade
Net Debt Issued (Repaid)	2,068	2,258	-388	1,137	2,558	1,542	Upgrade
Issuance of Common Stock	1,434	1,364	1,155	1,001	819	4	Upgrade
Repurchase of Common Stock	-	-	-	-	-	-100	Upgrade
Common Dividends Paid	-1,248	-1,139	-1,031	-912	-694	-679	Upgrade
Other Financing Activities	-66	-59	-20	-16	-64	-37	Upgrade
Financing Cash Flow	2,188	2,424	-284	1,210	2,619	730	Upgrade
Net Cash Flow	630	296	227	-149	160	150	Upgrade
Cash Interest Paid	723	676	524	402	310	243	Upgrade
Cash Income Tax Paid	50	66	36	39	26	16	Upgrade
Levered Free Cash Flow	689	838.13	891.75	574.88	825.25	415.13	Upgrade
Unlevered Free Cash Flow	1,123	1,241	1,215	829.25	1,029	582.25	Upgrade
Change in Working Capital	98	190	31	-147	208	55	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q