Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 74

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 74
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 accounting upon formation and to initially recognize its assets and liabilities at fair value. The Company adopted the guidance on January 1, 2025, and there was no impact on the condensed consolidated financial statements upon adoption.Intangibles—Goodwill and Other—Crypto Assets: Accounting for and Disclosure of Crypto Assets (ASU 2023-08)In December 2023, the FASB issued amendments on the accounting for and disclosure of crypto assets. The guidance requires assets that meet certain conditions be accounted for at fair value with changes in fair value recognized in net income. The ASU also requires disclosures about significant holdings, contractual sale restrictions, and changes during the reporting period.The Company adopted the guidance on January 1, 2025, and there was no impact on the condensed consolidated financial statements upon adoption. Compensation – Stock Compensation (ASU 2024-01)In March 2024, the FASB issued guidance in ASU 2024-01 that clarifies how an entity determines whether it is required to account for profits interest awards (and similar awards) in accordance with ASC 718 or other guidance. The ASU provides specific examples on when a profits interest award should be accounted for as a share-based payment arrangement under ASC 718 or in a manner similar to a cash bonus or profit-sharing arrangement under ASC 710 or other ASC topics. The Company adopted the guidance on January 1, 2025, and there was no impact on the condensed consolidated financial statements upon adoption. Segment Reporting – Improvements to Reporting Segment Disclosures (ASU 2023-07) In November 2023, the FASB issued guidance to incrementally add disclosures for public entities’ reporting segments including significant segment expenses and other segment items. The Company adopted the guidance for the annual reporting period ended December 31, 2024, and in interim periods beginning January 1, 2025. Refer to Note 17, Segments, for the expanded disclosures.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

3. InvestmentsThe following table outlines the Company’s investments:(In millions)March 31, 2025December 31, 2024Asset ManagementInvestments, at fair value$1,546 $1,384 Equity method investments1,127 1,082 Performance allocations3,112 3,262 U.S. Treasury securities, at fair value