Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 102

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 102
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 Principal repayment of debt (1,285)(2,683)Distributions paid to non-controlling interests(146)(58)Contributions from non-controlling interests1,053 1,292 Other financing activities, net46 — Changes in ConsolidationInvestments, at fair value(549)(69)Equity method investments— 10 Other assets(14)(1)Other liabilities88 20 Non-controlling interest442 50 Equity56 — Reconciliation of cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities to the condensed consolidated Statements of Financial Condition:Cash and cash equivalents$12,711 $15,858 Restricted cash and cash equivalents1,723 1,095 Cash and cash equivalents held at consolidated variable interest entities537 1,030 Total cash and cash equivalents, restricted cash and cash equivalents, and cash and cash equivalents held at consolidated variable interest entities$14,971 $17,983 (Concluded)See accompanying notes to the unaudited condensed consolidated financial statements.

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

1. Organization Apollo Global Management, Inc. together with its consolidated subsidiaries (collectively, “Apollo” or the “Company”) is a high-growth, global alternative asset manager and a retirement services provider. Its asset management business focuses on two investing strategies: credit and equity. Through its asset management business, Apollo raises, invests and manages funds, accounts and other vehicles, on behalf of some of the world’s most prominent pension, endowment and sovereign wealth funds and insurance companies, as well as other institutional and individual investors. Apollo’s retirement services business is conducted by Athene, a leading financial services company that specializes in issuing, reinsuring and acquiring retirement savings products for the increasing number of individuals and institutions seeking to fund retirement needs.Bridge AcquisitionOn February 23, 2025, the Company entered into a definitive agreement for Apollo to acquire Bridge Investment Group Holdings Inc. (“Bridge”) in an all-stock transaction. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions and the receipt of regulatory approvals.

2. Summary of Significant Accounting PoliciesBasis of Presentation and ConsolidationThe accompanying unaudited condensed consolidated financial statements are prepared in accordance with U.S. GAAP for interim financial information and the