Cash flow Apollo Global Management, Inc.

Equities

APO

US03769M1062

Investment Management & Fund Operators

Real-time Estimate Cboe BZX Other stock markets 01:22:39 2025-01-23 pm EST			5-day change	1st Jan Change
173.30 ^USD	+2.40%		+2.66%	+2.47%

08:52am	JPMorgan Raises Apollo Global Management's Price Target to $178 From $161	MT
06:08am	Guidewire Software to Join S&P MidCap 400, Arrowhead Pharmaceuticals to Move to S&P SmallCap 600	MT

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Published financial data: APOLLO GLOBAL MANAGEMENT, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	1.22B	392M	3.7B	9.38B	14.55B
Interest Expense, Total	98.37M	133M	139M	124M	145M
Net Interest Income	1.13B	259M	3.56B	9.26B	14.41B
Asset Management Fee	1.7B	1.94B	2.22B	1.95B	2.4B
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	-12.72B	1.43B
Other Revenues, Total	8.72M	25.38M	29.06M	12.36B	13.71B
Revenues Before Provison For Loan Losses	2.83B	2.22B	5.81B	10.84B	31.94B
Total Revenues	2.83B	2.22B	5.81B	10.84B	31.94B
Salaries And Other Employee Benefits	1.22B	1.07B	2.52B	1.94B	2.72B
Cost of Services Provided, Total	332M	356M	482M	14.77B	23.24B
Depreciation & Amortization - (IS) - (Collected)	-	-	-	-	-
Other Operating Expenses	-	-	-	509M	688M
Total Operating Expenses	1.55B	1.42B	3B	17.22B	26.65B
Operating Income	1.28B	796M	2.81B	-6.38B	5.29B
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	29.13M	233M	540M	532M	266M
EBT, Excl. Unusual Items	1.31B	1.03B	3.35B	-5.85B	5.56B
Restructuring Charges	-	-	-	-133M	-130M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	138M	-455M	2.61B	165M	-397M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-43.08M	-20.14M	-1.1B	-	555M
EBT, Incl. Unusual Items	1.41B	554M	4.86B	-5.82B	5.59B
Income Tax Expense	-129M	86.97M	594M	-1.07B	-923M
Earnings From Continuing Operations	1.54B	467M	4.27B	-4.75B	6.51B
Net Income to Company	1.54B	467M	4.27B	-4.75B	6.51B
Minority Interest	-694M	-310M	-2.43B	1.53B	-1.46B
Net Income - (IS)	843M	157M	1.84B	-3.21B	5.05B
Preferred Dividend and Other Adjustments	71.89M	55.61M	108M	46M	212M
Net Income to Common Incl Extra Items	771M	101M	1.73B	-3.26B	4.84B
Net Income to Common Excl. Extra Items	771M	101M	1.73B	-3.26B	4.84B
Per Share Items
Net EPS - Basic	3.72	0.44	7.32	-5.57	8.32
Basic EPS - Continuing Operations	3.72	0.44	7.32	-5.57	8.32
Basic Weighted Average Shares Outstanding	207M	228M	237M	585M	581M
Net EPS - Diluted	3.71	0.44	7.32	-5.57	8.28
Diluted EPS - Continuing Operations	3.71	0.44	7.32	-5.57	8.28
Diluted Weighted Average Shares Outstanding	209M	228M	237M	585M	589M
Normalized Basic EPS	0.61	1.46	-1.41	-3.63	3.46
Normalized Diluted EPS	0.61	1.46	-1.41	-3.63	3.42
Dividend Per Share	2.35	2.02	1.9	1.6	1.72
Payout Ratio	55.97	374.29	30.13	-29.94	20.49
Supplemental Items
Total Revenues (As Reported)	2.93B	2.35B	5.95B	10.97B	32.64B
Effective Tax Rate - (Ratio)	-9.16	15.7	12.22	18.38	-16.52
Current Domestic Taxes	5.38M	26.43M	86.76M	468M	873M
Current Foreign Taxes	10.79M	24.93M	32.53M	54M	104M
Total Current Taxes	16.17M	51.35M	119M	522M	977M
Deferred Domestic Taxes	-145M	35.57M	476M	-1.6B	339M
Deferred Foreign Taxes	128K	42K	-946K	7M	-2.24B
Total Deferred Taxes	-145M	35.61M	475M	-1.59B	-1.9B
Normalized Net Income	127M	333M	-334M	-2.12B	2.01B
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	190M	213M	1.18B	540M	1.03B
Total Stock-Based Compensation	190M	213M	1.18B	540M	1.03B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.6B	2.45B	1.38B	9.45B	15.93B
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	466M	511M	524M	4.83B	4.6B
Gross Property Plant And Equipment	329M	487M	707M	-	-
Accumulated Depreciation	-96.35M	-112M	-130M	-	-
Net Property Plant And Equipment	233M	375M	577M	-	-
Goodwill	93.91M	117M	117M	4.32B	4.33B
Other Intangibles, Total	20.62M	23.59M	14.85M	-	-
Investment In Debt and Equity Securities	4.33B	18.12B	24.74B	212B	255B
Trading Asset Securities, Total	249K	17K	7.44M	6.86B	9.99B
Restricted Cash	19.78M	17.71M	708M	1.68B	1.76B
Other Current Assets, Total	55.19M	46.64M	57.76M	-	-
Deferred Tax Assets Long-Term (Collected)	473M	539M	424M	-	-
Deferred Charges Long-Term	-	-	-	5.58B	5.98B
Other Long-Term Assets, Total	1.25B	1.47B	1.95B	14.34B	15.63B
Total Assets	8.54B	23.67B	30.5B	259B	313B
Liabilities
Accounts Payable, Total	94.36M	120M	145M	1.53B	1.63B
Accrued Expenses, Total	823M	925M	1.57B	1.39B	1.67B
Short-Term Borrowings	93K	100K	1.52M	7.54B	11.1B
Current Portion of Long-Term Debt	-	-	-	1.89B	1.2B
Current Portion of Leases	26.78M	36.03M	54.42M	70M	73M
Long-Term Debt	3.5B	14.29B	13.69B	9.37B	10.75B
Long-Term Leases	183M	297M	451M	844M	776M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	2.17B	2.7B
Unearned Revenue Non Current	84.64M	30.37M	120M	-	-
Other Non Current Liabilities	792M	1.68B	2.5B	227B	258B
Total Liabilities	5.5B	17.37B	18.54B	252B	288B
Preferred Stock Redeemable	554M	554M	554M	-	-
Preferred Stock Convertible	-	-	-	-	1.4B
Total Preferred Equity	554M	554M	554M	-	1.4B
Additional Paid In Capital	1.3B	877M	2.1B	14.98B	15.25B
Retained Earnings	-	-	1.14B	-2.26B	2.97B
Comprehensive Income and Other	-4.58M	-2.07M	-5.37M	-12.33B	-5.58B
Total Common Equity	1.3B	875M	3.23B	397M	12.65B
Minority Interest	1.19B	4.87B	8.18B	6.83B	11.2B
Total Equity	3.04B	6.3B	11.96B	7.23B	25.24B
Total Liabilities And Equity	8.54B	23.67B	30.5B	259B	313B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	231M	232M	249M	571M	568M
ECS Total Common Shares Outstanding	223M	229M	249M	570M	568M
Book Value / Share	5.82	3.82	13	0.7	22.27
Tangible Book Value	1.18B	735M	3.1B	-3.92B	8.32B
Tangible Book Value Per Share	5.31	3.21	12.47	-6.88	14.65
Total Debt	3.71B	14.62B	14.19B	19.72B	23.89B
Net Debt	2.11B	12.17B	12.81B	3.41B	-2.03B
Equity Method Investments, Total	1.05B	1.01B	1.35B	979M	1.07B
Full Time Employees	1.42K	1.73K	2.15K	2.54K	4.88K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	843M	157M	1.84B	-3.21B	5.05B
Depreciation, Depletion & Amortization	9.6M	11.4M	18.59M	594M	803M
Amortization of Goodwill and Intangible Assets - (CF)	6.16M	7.43M	8.74M	-	-
Total Depreciation, Depletion & Amortization	15.76M	18.83M	27.33M	594M	803M
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-177M	430M	-3.17B	6.02B	-1.99B
(Income) Loss On Equity Investments - (CF)	-88.55M	-59.72M	-227M	-	-
Stock-Based Compensation (CF)	190M	213M	1.18B	540M	1.03B
Tax Benefit from Stock Options	-	-	-	-	-
Change in Accounts Receivable	4.38M	-2.82M	995K	-	-
Change in Accounts Payable	23.49M	25.62M	25.07M	-	-
Change in Unearned Revenues	-17.28M	-50.9M	89.32M	-	-
Change in Other Net Operating Assets (Collected)	163M	68.61M	569M	3.98B	3.16B
Other Operating Activities	126M	-2.42B	726M	-4.13B	-1.72B
Cash from Operations	1.08B	-1.62B	1.06B	3.79B	6.32B
Capital Expenditure	-39.5M	-59.56M	-64.74M	-	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	48.52M	-	10.42B	-
Investment in Marketable and Equity Securities, Total	-222M	-834M	-1.48B	-17.63B	-16.03B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-12.95B	-20.97B
Other Investing Activities, Total	-2.02M	7.47M	-3.98M	-3.28B	-5.41B
Cash from Investing	-264M	-838M	-1.55B	-23.44B	-42.41B
Short Term Debt Issued, Total	-	28.28M	-	-	-
Long-Term Debt Issued, Total	1.7B	4.3B	1.33B	5.74B	4.91B
Total Debt Issued	1.7B	4.33B	1.33B	5.74B	4.91B
Short Term Debt Repaid, Total	-	-28.28M	-	-	-
Long-Term Debt Repaid, Total	-389M	-925M	-1.97B	-4.03B	-3.78B
Total Debt Repaid	-389M	-953M	-1.97B	-4.03B	-3.78B
Issuance of Common Stock	-	-	1.04B	-	-
Repurchase of Common Stock	-111M	-91.62M	-299M	-635M	-561M
Issuance of Preferred Stock	-	-	-	-	1.4B
Common Dividends Paid	-435M	-550M	-517M	-962M	-1.01B
Preferred Dividends Paid	-36.66M	-36.66M	-36.66M	-	-22M
Common & Preferred Stock Dividends Paid	-472M	-586M	-554M	-962M	-1.03B
Other Financing Activities, Total	-592M	602M	561M	28.6B	41.7B
Cash from Financing	140M	3.3B	109M	28.71B	42.64B
Foreign Exchange Rate Adjustments	-	-	-	-15M	10M
Net Change in Cash	958M	845M	-378M	9.04B	6.56B
Supplemental Items
Cash Interest Paid	96.11M	307M	556M	566M	720M
Cash Income Tax Paid (Refund)	42.84M	36.85M	121M	1.01B	358M
Net Debt Issued / Repaid	1.31B	3.37B	-633M	1.71B	1.13B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	21.15	2.9	15.76	-3.27	2.28
Return On Equity %	55.99	10	46.74	-49.46	32.03
Return on Common Equity	72.76	9.3	84.22	-179.46	50.14
Margin Analysis
Gross Profit Margin %	100	100	100	-34.62	27.82
SG&A Margin	54.7	64.15	51.6	24.21	11.25
Income From Continuing Operations Margin %	54.24	21.02	73.43	-43.77	20.38
Net Income Margin %	29.76	7.05	31.63	-29.63	15.8
Net Avail. For Common Margin %	27.22	4.55	29.78	-30.05	15.14
Normalized Net Income Margin	4.48	15	-5.74	-19.56	6.3
Asset Turnover
Asset Turnover	0.39	0.14	0.21	0.07	0.11
Short Term Liquidity
Current Ratio	2.27	2.8	1.51	1.56	1.76
Quick Ratio	2.19	2.74	1.08	1.45	1.66
Operating Cash Flow to Current Liabilities	1.15	-1.5	0.6	0.26	0.34
Long Term Solvency
Total Debt/Equity	122.13	232.22	118.64	272.83	94.63
Total Debt / Total Capital	54.98	69.9	54.26	73.18	48.62
LT Debt/Equity	121.24	231.65	118.17	141.32	45.65
Long-Term Debt / Total Capital	54.58	69.73	54.05	37.9	23.45
Total Liabilities / Total Assets	64.43	73.4	60.77	97.21	91.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	174.11	-21.62	161.73	86.55	194.58
Gross Profit, 1 Yr. Growth %	174.11	-21.62	161.73	-164.58	-331.29
Earnings From Cont. Operations, 1 Yr. Growth %	7.88K	-69.63	814.28	-211.23	-285.6
Net Income, 1 Yr. Growth %	-8.23K	-81.43	1.07K	-274.71	-357.37
Normalized Net Income, 1 Yr. Growth %	-12.96	162.69	-200.14	394.93	-192.99
Diluted EPS Before Extra, 1 Yr. Growth %	-1.33K	-88.14	1.56K	-176.22	-341.24
Common Equity, 1 Yr. Growth %	57.91	-32.58	269.66	-87.73	90.45
Total Assets, 1 Yr. Growth %	42.57	177.09	28.87	750.22	21.88
Tangible Book Value, 1 Yr. Growth %	65.7	-37.93	322.45	-225.88	258.8
Cash From Operations, 1 Yr. Growth %	32.97	-249.3	-165.83	256.11	66.85
Capital Expenditures, 1 Yr. Growth %	167.93	50.81	8.69	-	-
Dividend Per Share, 1 Yr. Growth %	28.42	-14.04	-5.94	-15.79	7.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.08	46.57	43.23	120.96	134.42
Gross Profit, 2 Yr. CAGR %	2.08	46.57	43.23	30.01	23.64
Earnings From Cont. Operations, 2 Yr. CAGR %	3.18	392.42	66.64	218.79	23.51
Net Income, 2 Yr. CAGR %	15.77	288.51	47.66	352.38	65.66
Normalized Net Income, 2 Yr. CAGR %	-25.3	51.21	62.19	157.47	116.64
Diluted EPS Before Extra, 2 Yr. CAGR %	9.34	20.93	40.42	255.92	6.41
Common Equity, 2 Yr. CAGR %	4.07	3.18	57.87	-32.65	97.71
Total Assets, 2 Yr. CAGR %	10.54	98.75	88.96	231.01	220.59
Tangible Book Value, 2 Yr. CAGR %	4.16	1.41	61.93	131.16	63.32
Cash From Operations, 2 Yr. CAGR %	12.21	40.9	-0.86	53.12	143.76
Capital Expenditures, 2 Yr. CAGR %	115.19	101.01	28.03	-	-
Dividend Per Share, 2 Yr. CAGR %	6.81	5.06	-10.08	-11	-4.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.76	-6.52	77.82	56.42	143.19
Gross Profit, 3 Yr. CAGR %	11.76	-6.52	77.82	9.83	58.75
Earnings From Cont. Operations, 3 Yr. CAGR %	16.57	-31.36	505.23	45.62	140.66
Net Income, 3 Yr. CAGR %	27.92	-37.09	461.66	56.19	217.96
Normalized Net Income, 3 Yr. CAGR %	55.68	13.6	31.81	155.74	84.56
Diluted EPS Before Extra, 3 Yr. CAGR %	20.72	-47.85	189.71	14.53	165.99
Common Equity, 3 Yr. CAGR %	15.84	-9.95	57.88	-32.62	143.57
Total Assets, 3 Yr. CAGR %	14.91	50.16	72.03	211.96	136.6
Tangible Book Value, 3 Yr. CAGR %	17.82	-12.35	63.17	49.13	124.55
Cash From Operations, 3 Yr. CAGR %	21.76	23.42	9.33	51.82	57.57
Capital Expenditures, 3 Yr. CAGR %	83.85	91.14	63.76	-	-
Dividend Per Share, 3 Yr. CAGR %	18.28	-0.65	1.26	-12.03	-5.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13	17.03	23.42	31.87	98.61