Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 63

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 63
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 accounting purposes, their investing cash flow amounts are included in our cash flows from operating activities. The table below summarizes our consolidated statements of cash flow by activity attributable to the Company and to our consolidated funds and VIEs.

Years ended December 31,(In millions)202420232022Net cash provided by the Company's operating activities$3,781 $6,519 $7,021 Net cash used in the Consolidated Funds and VIEs operating activities(528)(197)(3,232)Net cash provided by operating activities3,253 6,322 3,789 Net cash used in the Company's investing activities(60,547)(39,834)(21,840)Net cash used in the Consolidated Funds and VIEs investing activities(1,254)(2,573)(1,604)Net cash used in investing activities(61,801)(42,407)(23,444)Net cash provided by the Company's financing activities55,577 42,021 23,786 Net cash provided by the Consolidated Funds and VIEs financing activities2,395 617 4,924 Net cash provided by financing activities$57,972 $42,638 $28,710 

Operating Activities

The Company’s operating activities support its Asset Management, Retirement Services and Principal Investing activities. The primary sources of cash within operating activities include: (a) management fees, (b) advisory and transaction fees, (c) realized performance revenues, (d) realized principal investment income, (e) investment sales from our consolidated funds and VIEs, (f) net investment income and (g) insurance premiums. The primary uses of cash within operating activities include: (a) compensation and non-compensation related expenses, (b) interest and taxes, (c) investment purchases from our consolidated funds and VIEs, (d) benefit payments and (e) other operating expenses.

•During the year ended December 31, 2024, cash provided by operating activities reflects cash inflows of management fees, advisory and transaction fees, realized performance revenues, realized principal investment income, and net investment income, partially offset by pension group annuity benefit payments, net of cash inflows and cash paid for interest on funding agreements, taxes, policy acquisition costs and other operating expenses. Net cash provided by operating activities includes net cash used in our consolidated funds and VIEs, which primarily includes purchases of VIEs’ investments offset by net proceeds from the