Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 243

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 243
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, will be recognized in the period in which they are identified and reflected as if the accounting had been completed at the Acquisition Date. The effect on earnings of changes in amortization or other income effects, if any, as a result of any change to the provisional amounts, will be recorded in the financial statements for the period in which such change occurs, calculated as if the accounting had been completed at the Acquisition Date. The purchase price allocation is expected to be finalized as soon as practicable, but no later than one year from the Acquisition Date.Goodwill of $1.6 billion was recognized within the Asset Management segment and is primarily attributable to the assembled workforce, enhanced origination capabilities and the scale and synergies that can be achieved subsequent to the Bridge acquisition. A majority of the goodwill recognized is expected to be deductible for tax purposes.

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

The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the Acquisition Date:(In millions)Fair Value and Goodwill CalculationTotal consideration$1,355 Total Value to AllocateCash and cash equivalents83 Restricted cash and cash equivalents16 Investments519 Due from related parties64 Other assets718 Estimated fair value of total assets acquired, excluding goodwill1,400 Accounts payable, accrued expenses, and other liabilities280 Due to related parties370 Debt470 Estimated fair value of total liabilities assumed1,120 Estimated fair value of net assets acquired, excluding goodwill280 Non-controlling interests489 Estimated fair value of net assets acquired less non-controlling interests, excluding goodwill(209)Goodwill attributable to the Bridge acquisition$1,564 Included within the above are provisional amounts based on the availability of data as of the date these condensed consolidated financial statements were issued for certain investments, deferred tax liabilities included within accounts payable, accrued expenses, and other liabilities and the Bridge TRA within due to related parties. Adjustments to provisional amounts will be made as described above. The Company performed 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