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Ares Capital CorporationStock · Finance
$19.65−$0.21 (-1.08%)as of Aug 17, 3:55 PM ET
☾ After hours:$19.67+0.14%7:54 PM ET
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How Ares Capital uses its cash

Period

Where does Ares Capital's cash go? This Sankey traces cash from net income through operating cash flow into capex, free cash flow, dividends, buybacks, and debt paydown. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Ares Capital Corporation · FY2023 · year ended 2023-12-31
Operating cash flow$511MCash from operations$1.5B · 298%Net income$1.5B · 298%Working capital$1.0B · 198%Free cash flow$511M · 100%Dividends$1.0B · 202%Cash reserves$863M · 169%Debt repaid$343M · 67%

Each fiscal year from SEC filings. Percentages are share of operating cash flow. Sources (net income + non-cash add-backs) flow into operating cash flow, which splits into capex and free cash flow; free cash flow goes to dividends, buybacks, debt paydown, and what's retained. Annual only. For informational purposes only.