| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net increase in stockholders' equity resulting from operations | 1,006 | 602 | 241 | 1,165 |
| Net realized (gains) losses on investments, foreign currency and other transactions | 135 | -27 | -61 | -30 |
| Net unrealized (gains) losses on investments, foreign currency and other transactions | -174 | -78 | -63 | 165 |
| Realized loss on extinguishment of debt | 0 | 0 | 0 | -14 |
| Net gain on interest rate swaps accounted for as hedge instruments and the related hedged items | 2 | 2 | 1 | 1 |
| Net accretion of discount on investments | 12 | 8 | 4 | 14 |
| Pik interest | 165 | 106 | 50 | 150 |
| Collections of pik interest | 124 | 41 | 38 | 67 |
| Pik dividends | 205 | 143 | 67 | 189 |
| Collections of pik dividends | 128 | 52 | 22 | 17 |
| Amortization of debt issuance costs | 26 | 18 | 9 | 25 |
| Net accretion (amortization) of original issue discount/premium | -1 | -2 | -1 | -5 |
| Proceeds from sales and repayments of investments and other transactions | 7,079 | 4,709 | 2,534 | 6,737 |
| Purchases of investments | 9,263 | 5,755 | 3,015 | 9,469 |
| Interest receivable | -46 | -11 | -66 | 14 |
| Other assets | 16 | 27 | -22 | 10 |
| Operating lease right-of-use asset | - | - | - | 3 |
| Base management fee payable | 8 | 4 | 2 | 12 |
| Income based fee payable | -3 | -5 | -6 | 2 |
| Capital gains incentive fee | - | -21 | - | - |
| Capital gains incentive fee payable | -8 | - | -25 | 18 |
| Interest and facility fees payable | -41 | 23 | -40 | -13 |
| Payable to participants | -51 | -89 | -136 | 9 |
| Interest rate swap collateral payable | 44 | 81 | - | - |
| Accounts payable and other liabilities | -23 | -5 | -12 | 75 |
| Operating lease liabilities | - | - | - | -4 |
| Net cash used in operating activities | -1,290 | -517 | -299 | -1,860 |
| Borrowings on debt | 9,383 | 4,603 | 2,595 | 10,649 |
| Repayments and repurchases of debt | 7,583 | 4,297 | 2,447 | 8,681 |
| Debt issuance costs | 45 | 30 | 11 | 38 |
| Repayment of 2024 convertible notes | 0 | 0 | 0 | 10 |
| Net proceeds from issuance of common stock | 906 | 702 | 384 | 836 |
| Dividends paid | 945 | 625 | 308 | 836 |
| Secured borrowings, net | -32 | -32 | -32 | 0 |
| Net cash provided by financing activities | 1,684 | 321 | 181 | 1,920 |
| Change in cash, cash equivalents and restricted cash | 394 | -196 | -118 | 60 |
| Cash and cash equivalents at beginning of period | 860 | 860 | 860 | 564 |
| Cash and cash equivalents at end of period | 1,254 | 664 | 742 | 624 |
ARES CAPITAL CORP (ARCC)
ARES CAPITAL CORP (ARCC)