Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 100

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 100
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Cash Flows from Operating ActivitiesNet income (loss)$1,780 $2,942 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Equity-based compensation315 342 Net investment income(776)(670)Net recognized (gains) losses on investments and derivatives49 (2,371)Depreciation and amortization640 498 Net amortization (accretion) of net investment premiums, discount and other(90)(27)Policy acquisition costs deferred(957)(828)Other non-cash amounts included in net income (loss), net228 144 Changes in consolidation(23)(10)Changes in operating assets and liabilities:Purchases of investments by funds and VIEs (1,719)(3,300)Proceeds from sale of investments by funds and VIEs 1,665 3,150 Interest sensitive contract liabilities2,977 3,225 Future policy benefits, market risk benefits and reinsurance recoverable(1,073)(1,214)Other assets and liabilities, net(742)(478)Net cash provided by operating activities$2,274 $1,403 Cash Flows from Investing ActivitiesPurchases of investments and contributions to equity method investments$(4,313)$(2,125)Purchases of available-for-sale securities(47,445)(38,006)Purchases of mortgage loans(17,779)(11,743)Purchases of investment funds(1,593)(1,323)Purchases of U.S. Treasury securities(444)— Purchases of derivatives instruments and other investments(2,537)(1,938)Sales, maturities and repayments of investments and distributions from equity method investments37,860 24,837 Other investing activities, net(266)(787)Net cash used in investing activities$(36,517)$(31,085)Cash Flows from Financing ActivitiesIssuance of debt$2,632 $5,652 Repayment of debt(1,285)(3,222)Repurchase of common stock(193)(335)Common stock dividends(584)(538)Preferred stock dividends(49)(49)Distributions paid to non-controlling interests(1,030)(662)Contributions from non-controlling interests1,191 2,000 Deposits on investment-type policies and contracts45,973 37,102 Withdrawals on investment-type policies and contracts(9,604)(11,