For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Interest income (excluding payment-in-kind (pik) interest income)-Investment Unaffiliated Issuer | - | - | 1,564 | |
| Pik interest income-Investment Unaffiliated Issuer | - | - | 143 | |
| Capital structuring service fees-Investment Unaffiliated Issuer | - | - | 83 | |
| Dividend income-Investment Unaffiliated Issuer | - | - | 242 | |
| Other income-Investment Unaffiliated Issuer | - | - | 53 | |
| Interest income (excluding payment-in-kind (pik) interest income)-Investment Affiliated Issuer Noncontrolled | - | - | 12 | |
| Pik interest income-Investment Affiliated Issuer Noncontrolled | - | - | 5 | |
| Dividend income-Investment Affiliated Issuer Noncontrolled | - | - | 7 | |
| Other income-Investment Affiliated Issuer Noncontrolled | - | - | 0 | |
| Interest income (excluding payment-in-kind (pik) interest income)-Investment Affiliated Issuer Controlled | - | - | 220 | |
| Pik interest income-Investment Affiliated Issuer Controlled | - | - | 18 | |
| Capital structuring service fees-Investment Affiliated Issuer Controlled | - | - | 9 | |
| Dividend income-Investment Affiliated Issuer Controlled | - | - | 252 | |
| Other income-Investment Affiliated Issuer Controlled | - | - | 6 | |
| Total investment income | 3,052 | 2,990 | 2,614 | |
| Interest and credit facility fees | 793 | 715 | 582 | |
| Base management fee | 425 | 374 | 323 | |
| Income based fee | 348 | 364 | 328 | |
| Capital gains incentive fee | -23 | 18 | 53 | |
| Administrative and other fees | 15 | 12 | 13 | |
| Other general and administrative | 36 | 31 | 29 | |
| Total expenses | 1,594 | 1,514 | 1,328 | |
| Net investment income before income taxes | 1,458 | 1,476 | 1,286 | |
| Income tax expense, including excise taxes | 43 | 73 | 20 | |
| Net investment income | 1,415 | 1,403 | 1,266 | |
| Net realized gains (losses)-Investment Unaffiliated Issuer | 80 | -78 | -146 | |
| Net realized gains (losses)-Investment Affiliated Issuer Noncontrolled | -35 | -6 | -10 | |
| Net realized gains (losses)-Investment Affiliated Issuer Controlled | 56 | 24 | 1 | |
| Foreign currency and other transactions | -6 | 5 | -24 | |
| Net income tax expense on net realized gains | -115 | - | - | |
| Net realized losses | -20 | -55 | -179 | |
| Investment Unaffiliated Issuer | 4 | 56 | 379 | |
| Investment Affiliated Issuer Noncontrolled | -44 | 23 | 34 | |
| Investment Affiliated Issuer Controlled | -74 | 59 | 16 | |
| Foreign currency and other transactions | -41 | 50 | 6 | |
| Net change in deferred tax liabilities | 59 | - | - | |
| Net unrealized gains (losses) | -96 | 188 | 435 | |
| Net realized and unrealized gains (losses) on investments, foreign currency and other transactions | -116 | 133 | 256 | |
| Realized loss on extinguishment of debt | 0 | -14 | 0 | |
| Net increase in stockholders equity resulting from operations | 1,299 | 1,522 | 1,522 | |
| Basic EPS | 1.86 | 2.44 | 2.75 | |
| Diluted EPS | 1.86 | 2.44 | 2.68 | |
| Basic Average Shares | 699,000,000 | 624,000,000 | 554,000,000 | |
| Diluted Average Shares | 699,000,000 | 624,000,000 | 575,000,000 | |
ARES CAPITAL CORP (ARCC)
ARES CAPITAL CORP (ARCC)