Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 393

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 12
Chunk 393
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2024, 2023 and 2022265Any remaining schedules are omitted because they are inapplicable.3.ExhibitsSee the accompanying Exhibit Index.266

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.Schedule I—Condensed Financial Information of Registrant (Parent Company Only) - Statements of Financial Condition

(In millions, except share data)As of December 31, 2024As of December 31, 2023AssetsCash$657 $987 Investments19,124 13,736 Due from subsidiaries148 431 Goodwill1 1 Other assets355 398 Total Assets$20,285 $15,553 Liabilities and EquityLiabilitiesAccounts payable, accrued expenses, and other liabilities$234 $84 Due to subsidiaries487 350 Debt2,311 1,075 Total Liabilities$3,032 $1,509 EquityMandatory Convertible Preferred Stock, 28,749,765 and 28,750,000 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively1,398 1,398 Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 565,738,933 and 567,762,932 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively— — Additional paid in capital15,327 15,249 Retained earnings (accumulated deficit)6,022 2,972 Accumulated other comprehensive income (loss)(5,494)(5,575)Total Equity17,253 14,044 Total Liabilities and Equity$20,285 $15,553 See accompanying notes to condensed financial information of registrant (parent company only)

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.Schedule I—Condensed Financial Information of Registrant (Parent Company Only) - Statements of Operations

Years ended December 31,(In millions)202420232022RevenuesInvestment income (loss)$4,932 $4,646 $(2,250)Total Revenues4,932 4,646 (2,250)ExpensesInterest expense128 27 2 General, administrative and other32 26 33 Total Expenses160 53 35 Other income (loss)Other income