ARES CAPITAL CORP
For the period ended Dec 31, 2025. Filed Feb 4, 2026.
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FY2025 · Filed Feb 4, 2026
ARCC$19.44+0.5%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheet as of December 31, 202 and
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
CONSOLIDATED BALANCE SHEET
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Investments at fair value | ||
| Non-controlled/non-affiliate company investments | $24,872 | $22,145 |
| Non-controlled affiliate company investments | 600 | 707 |
| Controlled affiliate company investments | 4,013 | 3,868 |
| Total investments at fair value (amortized cost of $29,250 and $26,374, respectively) | 29,485 | 26,720 |
| Cash and cash equivalents | 638 | 635 |
| Restricted cash | 286 | 225 |
| Interest receivable | 288 | 292 |
| Receivable for open trades | 317 | 224 |
| Other assets | 221 | 158 |
| Total assets | $31,235 | $28,254 |
| LIABILITIES | ||
| Debt | $15,991 | $13,727 |
| Base management fee payable | 111 | 100 |
| Income based fee payable | 89 | 91 |
| Capital gains incentive fee payable | 82 | 105 |
| Interest and facility fees payable | 193 | 170 |
| Payable to participants | 131 | 163 |
| Interest rate swap collateral payable | 155 | 62 |
| Payable for open trades | 5 | 236 |
| Accounts payable and other liabilities | 132 | 121 |
| Deferred tax liabilities | 28 | 92 |
| Secured borrowings | — | 32 |
| Total liabilities | 16,917 | 14,899 |
| Commitments and contingencies (Note 7) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, par value $0.001 per share, 1,000 common shares authorized; 718 and 672 common shares issued and outstanding, respectively | 1 | 1 |
| Capital in excess of par value | 13,359 | 12,502 |
| Accumulated undistributed earnings | 958 | 852 |
| Total stockholders’ equity | 14,318 | 13,355 |
| Total liabilities and stockholders’ equity | $31,235 | $28,254 |
| NET ASSET VALUE PER SHARE | $19.94 | $19.89 |
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