Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 334

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 334
---
 (note 16)EquityMandatory Convertible Preferred Stock1,398 — — 1,398 Additional paid in capital15,657 40 — 15,697 Retained earnings (accumulated deficit)5,938 17,704 (17,723)5,919 Accumulated other comprehensive income (loss)(3,689)33 (37)(3,693)Total AGM Stockholders’ Equity19,304 17,777 (17,760)19,321 Non-controlling interests6,955 7,403 182 14,540 Total Equity26,259 25,180 (17,578)33,861 Total Liabilities and Equity$409,429 $28,240 $(18,119)$419,550 (Concluded)

97

December 31, 2024(In millions)Apollo Global Management, Inc. and Consolidated SubsidiariesConsolidated Funds and VIEsEliminationsConsolidatedAssetsAsset ManagementCash and cash equivalents$2,692 $— $— $2,692 Restricted cash and cash equivalents3 — — 3 Investments6,558 — (472)6,086 Assets of consolidated variable interest entitiesCash and cash equivalents— 158 — 158 Investments— 2,962 (156)2,806 Other assets— 188 (104)84 Due from related parties630 — (46)584 Goodwill264 — — 264 Other assets2,579 — — 2,579 12,726 3,308 (778)15,256 Retirement ServicesCash and cash equivalents12,733 — — 12,733 Restricted cash and cash equivalents943 — — 943 Investments262,561 — (278)262,283 Investments in related parties44,332 — (15,448)28,884 Assets of consolidated variable interest entitiesCash and cash equivalents— 583 — 583 Investments1,807 21,722 (105)23,424 Other assets12 553 — 565 Reinsurance recoverable8,194 — — 8,194 Deferred acquisition costs, deferred sales inducements and value of business acquired7,173 — —