Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 109

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 109
---

Consolidated Statement of Cash Flows (Continued)

(in thousands)

    Year Ended December 31,

    2024

    2023

    2022

    Net increase (decrease) in cash and cash equivalents, including cash classified within assets related to real estate owned, held for sale
     
    $
    88,118

    $
    (1,078
    )
     
    $
    (113,674
    )

    Decrease (increase) in cash classified within assets related to real estate owned, held for sale

    577

    5,100

    (5,677
    )

    Net increase (decrease) in cash and cash equivalents
     
    $
    88,695

    $
    4,022

    $
    (119,351
    )

    Cash and cash equivalents beginning of period

    225,438

    222,030

    343,106

    Effects of foreign currency translation on cash and cash equivalents

    3,263

    (614
    )

    (1,725
    )

    Cash and cash equivalents end of period
     
    $
    317,396

    $
    225,438

    $
    222,030

    Supplemental disclosure of cash flow information:

    Interest paid
     
    $
    495,491

    $
    443,626

    $
    246,370

    Income tax paid

    34

    795

    —

    Change in loan proceeds held by servicer

    44,572

    2,900

    (192
    )

    Supplemental disclosure of non-cash investing and financing activities:

    Dividend declared, not yet paid
     
    $
    38,484

    $
    53,407

    $
    53,711

    Change in participation sold

    —

    (25,130
    )

    (1,934
    )

    Assumption of real estate

    —

    75,000

    270,035

    Assumption of other assets related to real estate owned

    —

    2,827

    —

    Assumption of accounts payable, accrued expenses and other liabilities related to real estate owned

    —

    (3,396
    )

    —

    Transfer of assets to assets related to real estate owned, held