Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 106

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 106
---
 —

    (119,636
    )

    (119,636
    )

    Dividends declared on preferred stock - $1.81 per share

    —

    —

    —

    —

    —

    (12,272
    )

    (12,272
    )

    Dividends declared on common stock and RSUs - $1.20 per share

    —

    —

    —

    —

    —

    (170,525
    )

    (170,525
    )

    Balance at December 31, 2024

    6,770,393

    $
    68

    138,174,636

    $
    1,382

    $
    2,695,701

    $
    (822,670
    )
     
    $
    1,874,481

See notes to consolidated financial statements.65

Apollo Commercial Real Estate Finance, Inc. and Subsidiaries

Consolidated Statement of Cash Flows

(in thousands)

    Year Ended December 31,

    2024

    2023

    2022

    Cash flows from operating activities:

    Net income (loss)
     
    $
    (119,636
    )
     
    $
    58,127

    $
    265,232

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

    Amortization of discount/premium and payment-in-kind interest

    (29,969
    )

    (30,845
    )

    (50,966
    )

    Amortization of deferred financing costs

    17,418

    15,962

    12,034

    Equity-based compensation

    16,468

    17,444

    18,252

    Increase (decrease) in current expected credit loss allowance, net

    155,784

    59,428

    (17,623
    )

    Foreign currency loss (gain)

    110,430

    (40,922
    )

    97,330

    Unrealized loss (gain) on foreign currency contracts

    (29,687
    )

    91,434

    (104,159
    )

    Unrealized loss (gain) on interest rate hedging instruments

    1,373

    10,098

    (7,692