Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 267

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 267
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— (442)(442)Issuance of warrants— — 54 — — 54 — 54 Other changes in equity of non-controlling interests— — — — — — (5)(5)Issuance of common stock related to equity transactions540,177 — — — — — — — Accretion of redeemable non-controlling interests— — 5 — — 5 — 5 Issuance of common stock to donor-advised fund1,213,003 — 200 — — 200 — 200 Capital increase related to equity-based compensation— — 128 — — 128 — 128 Capital contributions— — — — — — 636 636 Dividends/distributions— (24)— (278)— (302)(216)(518)Payments related to issuances of common stock for equity-based awards4,332,162 — 6 (528)— (522)— (522)Repurchase of common stock(1,392,000)— (193)— — (193)— (193)Net income (loss)— 24 — 418 — 442 496 938 Other comprehensive income (loss)— — — — 911 911 188 1,099 Balance at March 31, 2025570,432,275 $1,398 $15,527 $5,634 $(4,583)$17,976 $14,368 $32,344 See accompanying notes to the unaudited condensed consolidated financial statements.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three months ended March 31,(In millions)20252024Cash Flows from Operating ActivitiesNet income (loss)$938 $1,765 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Equity-based compensation149 189 Net investment income(370)(416)Net recognized (gains) losses on investments and derivatives306 (2,094)Depreciation and amortization308 238 Net amortization (accretion) of net investment premiums, discount and other(42)(5)Policy acquisition