Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 59

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 59
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 are for their respective Class I shares and are net returns based on NAV. 7 Other includes, among others, AUM of $2.0 billion related to a publicly traded business development company from which Apollo earns investment-related service fees, but for which Apollo does not provide management or advisory services, as of September 30, 2024. Returns and IPO year are not provided for this AUM. Other also includes AUM of $7.6 billion related to third-party capital within AAA.

101

Summary of Non-U.S. GAAP Measures

The table below sets forth a reconciliation of net income attributable to Apollo Global Management, Inc. common stockholders to Segment Income and Adjusted Net Income:

Years ended December 31,(In millions)202420232022GAAP Net Income (Loss) Attributable to Apollo Global Management, Inc.$4,480 $5,001 $(1,961)Preferred dividends97 46 — Net income (loss) attributable to non-controlling interests1,796 1,462 (1,546)GAAP Net Income (Loss)$6,373 $6,509 $(3,507)Income tax provision (benefit)1,062 (923)(739)GAAP Income (Loss) Before Income Tax Provision (Benefit)$7,435 $5,586 $(4,246)Asset Management Adjustments:Equity-based profit sharing expense and other1321239276Equity-based compensation308236185Special equity-based compensation and other charges2— 438 — Transaction-related charges3180 32 (42)Merger-related transaction and integration costs430 27 70 (Gains) losses from change in tax receivable agreement liability(42)13 26 Net (income) loss attributable to non-controlling interests in consolidated entities(1,840)(1,556)1,499 Unrealized performance fees(264)(127)(2)Unrealized profit sharing expense145 179 20 HoldCo interest and other financing costs580 88 122 Unrealized principal investment income (loss)9 (88)176 Unrealized net (gains) losses from investment activities and other6(30)26 (144)Retirement Services Adjustments:Investment (gains) losses, net of offsets(217)(170)7,467 Non-operating change in insurance liabilities and related derivatives6(846)(182)(1,