Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 253

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 253
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ized in investment related gains (losses) on the consolidated statements of operations.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

17. Earnings per ShareThe following presents basic and diluted net income (loss) per share of common stock computed using the two-class method:Basic and DilutedYears ended December 31,(In millions, except share and per share amounts)202420232022Numerator:Net income (loss) attributable to common stockholders$4,480 $5,001 $(1,961)Dividends declared on common stock1(1,032)(961)(916)Dividends on participating securities2(60)(51)(46)Earnings allocable to participating securities3(91)(115)— Undistributed income (loss) attributable to common stockholders: Basic3,297 3,874 (2,923)Dilution effect on distributable income attributable to Mandatory Convertible Preferred Stock97 46 — Dilution effect on distributable income attributable to contingent shares— (5)— Undistributed income (loss) attributable to common stockholders: Diluted$3,394 $3,915 $(2,923)Denominator:Weighted average number of shares of common stock outstanding: Basic 586,069,166 581,380,268 584,691,775 Dilution effect of Mandatory Convertible Preferred Stock14,530,212 6,440,346 — Dilution effect of options1,090,151 994,172 — Dilution effect of warrants2,346,463 — — Dilution effect of contingent shares— 31,661 — Weighted average number of shares of common stock outstanding: Diluted604,035,992 588,846,447 584,691,775 Net income (loss) per share of common stock: Basic4Distributed income$1.82 $1.69 $1.60 Undistributed income (loss)5.57 6.63 (5.03)Net income (loss) per share of common stock: Basic$7.39 $8.32 $(3.43)Net income (loss) per share of common stock: DilutedDistributed income$1.82 $1.69 $1.60 Undistributed income (loss)