What does operating segments — investment income net mean?

The net profit or loss earned from the company's own investment portfolio.

How do you interpret operating segments — investment income net?

An increase suggests strong performance of the firm's proprietary investments, while a decrease indicates market headwinds or asset depreciation.

How does operating segments — investment income net compare across companies?

Common in alternative asset managers; peers report this as 'Investment Income' or 'Principal Investment Gains'.

Ares Management Corporation ARES Operating Segments — Investment Income Net

Discontinued — last reported Q1 '18

Similar metrics at other companies

APOAsset Management — Net gains (losses) from investment activities

-$50M-125%

AIZOperating Segments — Realized Investment Gains Losses

$81.09M+410%

ACGLOperating Segments — Investment Income Net

$107.76M+16.5%

CGOperating Segments — Gain Loss On Investments

$40.7M+181%

APOAsset Management — Net investment income

-$77M-125%

CGOperating Segments — Investment Income Loss

$29.6M+179%

Other financials

Income statement

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Revenue$1.4B+28.3%

Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%

Total debt$730.1M+6.4%

Total equity$4.0B-9.6%

Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$29.17B-19.6%

Enterprise value$29.33B-19.2%

P/E46.8×-36.0×

P/S4.9×-3.6×

Profitability

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Net margin10.5%+0.3pp

FCF margin-161.4%—

Returns & leverage

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Return on equity14.7%+0.6pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:InvestmentIncomeNet.

The official record: Ares Management Corporation’s 10-Q, filed May 7, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — investment income net mean?: The net profit or loss earned from the company's own investment portfolio.
How do you interpret operating segments — investment income net?: An increase suggests strong performance of the firm's proprietary investments, while a decrease indicates market headwinds or asset depreciation.
How does operating segments — investment income net compare across companies?: Common in alternative asset managers; peers report this as 'Investment Income' or 'Principal Investment Gains'.