Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 145

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 145
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 (13)214 (2)(13)(2)Balance at March 31, 2024$(8,963)$(404)$(128)$3,879 $(17)$(7)$(5,640)1 Recognized in investment related gains (losses) on the condensed consolidated statements of operations.

14. Earnings per ShareThe following presents basic and diluted net income (loss) per share of common stock computed using the two-class method:Basic and DilutedThree months ended March 31,(In millions, except share and per share amounts)20252024Numerator:Net income (loss) attributable to common stockholders$418 $1,403 Dividends declared on common stock1(264)(245)Dividends on participating securities2(14)(14)Earnings allocable to participating securities(3)(29)Undistributed income (loss) attributable to common stockholders: Basic137 1,115 Dilution effect on distributable income attributable to Mandatory Convertible Preferred Stock— 24 Undistributed income (loss) attributable to common stockholders: Diluted$137 $1,139 Denominator:Weighted average number of shares of common stock outstanding: Basic 587,258,883 588,120,328 Dilution effect of Mandatory Convertible Preferred Stock— 14,524,410 Dilution effect of options1,107,075 1,111,770 Dilution effect of warrants4,618,883 1,622,201 Weighted average number of shares of common stock outstanding: Diluted592,984,841 605,378,709 Net income (loss) per share of common stock: BasicDistributed income$0.46 $0.43 Undistributed income (loss)0.22 1.88 Net income (loss) per share of common stock: Basic$0.68 $2.31 Net income (loss) per share of common stock: DilutedDistributed income$0.46 $0.43 Undistributed income (loss)0.22 1.85 Net income (loss) per share of common stock: Diluted$0.68 $2.28 1 See note 13 for information regarding quarterly dividends.2 Participating securities consist of vested and unvested RSUs that have rights to dividends and unvested restricted shares.The Company has granted RSUs that provide