Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 53

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 53
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 case in amounts sufficient to cover our long-term liquidity requirements, which may include:

•supporting the future growth of our businesses;

•creating new or enhancing existing products and investment platforms;

•making payments to policyholders;

•pursuing new strategic corporate investment opportunities;

•paying interest and principal on the Company’s financing arrangements;

•repurchasing common stock;

•making payments under the tax receivable agreement; and

•paying cash dividends.

Cash Flow Analysis

The section below discusses in more detail the Company’s primary sources and uses of cash and the primary drivers of cash flows within the Company’s condensed consolidated statements of cash flows:

Three months ended March 31,(In millions)20252024Operating Activities$1,012 $70 Investing Activities(16,888)(16,385)Financing Activities14,274 18,342 Effect of exchange rate changes on cash and cash equivalents3 (2)Net increase (decrease) in cash and cash equivalents, restricted cash and cash held at consolidated variable interest entities$(1,599)$2,025 

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The assets of our consolidated funds and VIEs, on a gross basis, could have a substantial effect on the accompanying statement of cash flows. Because our consolidated funds and VIEs are generally treated as investment companies for accounting purposes, their investing cash flow amounts are included in our cash flows from operating activities. The table below summarizes our condensed consolidated statements of cash flow by activity attributable to the Company and to our consolidated funds and VIEs.

Three months ended March 31,(In millions)20252024Net cash provided by the Company's operating activities$944 $638 Net cash provided by (used in) the Consolidated Funds and VIEs operating activities68 (568)Net cash provided by operating activities1,012 70 Net cash used in the Company's investing activities(16,424)(15,863)Net cash used in the Consolidated Funds and VIEs investing activities(464)(522)Net cash used in investing activities(16,888)(16,385)Net cash provided by the Company's financing activities14,450 16,996 Net cash provided by (used in) the Consolidated Funds and VIEs financing activities(176)1,346 Net cash provided by financing activities$14,274 $18,342 

Operating Activities

The Company’s operating activities support its Asset Management, Retirement Services and Principal Investing activities. The primary sources of