Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 114

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 114
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 a valuation of the acquired investments and identifiable intangibles using methodologies consistent with those described in note 2 of the consolidated financial statements included in the 2024 Annual Report and note 7 herein.Identifiable intangible assetsThe identifiable intangible assets are included in other assets on the condensed consolidated statements of financial condition and summarized as follows:Management ContractsTrade NameThese assets are valued using the multi-period excess earnings method, which derives value based on the present value of the cash flow attributable to the management contracts, less returns for contributory assets. Amortization of these assets is on a straight-line basis.This represents the Bridge trade name and was valued using the relief-from-royalty method considering publicly available third-party trade name royalty rates as well as expected premiums generated by the use of the trade name over its anticipated life. Amortization of this asset is on a straight-line basis.The fair value and weighted average estimated useful lives of the identifiable intangible assets acquired in the Bridge acquisition consist of the following:Fair value(in millions)Average useful life(in years)Management Contracts$605 11Trade Name20 8Total$625 

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

As of the Acquisition Date, Bridge’s financial results are reflected in these condensed consolidated financial statements. Bridge’s revenues of $23 million and net income (loss) of $(41) million are included in the condensed consolidated statement of operations for the three and nine months ended September 30, 2025, respectively. Transaction costs of $27 million and $44 million were incurred during the three and nine months ended September 30, 2025, respectively, and are included in general, administrative and other on the condensed consolidated statements of operations.Pro Forma Financial InformationUnaudited pro forma financial information for the three and nine months ended September 30, 2025 and 2024 are presented below. Pro forma financial information presented does not include adjustments to reflect any potential revenue synergies or cost savings that may be achievable in connection with the Bridge acquisition and assumes it occurred as of January 1, 2024. The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of future operations or results had the acquisition been completed as of January 1, 2024.Three months ended September 30,Nine months ended September 30,(In millions)2025202420252024Total Re