Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 269

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 269
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 cash equivalents, and cash and cash equivalents held at consolidated variable interest entities, end of period$15,513 $19,716 (Continued)

17

Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three months ended March 31,(In millions)20252024Supplemental Disclosure of Cash Flow InformationCash paid for taxes$310 $338 Cash paid for interest321 167 Non-cash transactionsNon-cash investing activitiesRetirement ServicesInvestments received from settlements on reinsurance agreements— 48 Non-cash financing activitiesAsset Management and OtherCapital increases related to equity-based compensation 121 153 Issuance of warrants54 — Issuance of restricted shares6 9 Issuance of common stock to donor-advise fund200 — Retirement ServicesDeposits on investment-type policies and contracts through reinsurance agreements, net assumed (ceded)(483)(1,062)Withdrawals on investment-type policies and contracts through reinsurance agreements, net assumed (ceded)1,761 1,998 Distributions to non-controlling interests— 11 Supplemental Disclosure of Cash Flow Information of Consolidated VIEsCash Flows from Operating ActivitiesPurchases of investments - Asset Management(871)(1,521)Proceeds from sale of investments - Asset Management1,191 879 Cash Flows from Investing ActivitiesPurchases of investments - Retirement Services(1,399)(589)Proceeds from sale of investments - Retirement Services938 117 Cash Flows from Financing ActivitiesIssuance of debt294 1,258 Principal repayment of debt (818)(499)Distributions paid to non-controlling interests(69)(5)Contributions from non-controlling interests604 593 Other financing activities, net(187)— Changes in ConsolidationInvestments, at fair value(549)1 Other assets(14)— Notes payable— (2)Other liabilities88 — Non-controlling interest442 1 Equity56 — Reconciliation of cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities to the condensed consolidated Statements of Financial Condition:Cash and cash equivalents$12,894 $17,723 Restricted cash and cash equivalents2,213 1,577 Cash and cash equivalents held at consolidated variable interest entities406