Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 438

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 15
Chunk 438
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Retained earnings (accumulated deficit)6,022 2,972 Accumulated other comprehensive income (loss)(5,494)(5,575)Total Equity17,253 14,044 Total Liabilities and Equity$20,285 $15,553 See accompanying notes to condensed financial information of registrant (parent company only)

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.Schedule I—Condensed Financial Information of Registrant (Parent Company Only) - Statements of Operations

Years ended December 31,(In millions)202420232022RevenuesInvestment income (loss)$4,932 $4,646 $(2,250)Total Revenues4,932 4,646 (2,250)ExpensesInterest expense128 27 2 General, administrative and other32 26 33 Total Expenses160 53 35 Other income (loss)Other income (loss), net13 41 11 Total Other income (loss)13 41 11 Income (loss) before income tax (provision) benefit4,785 4,634 (2,274)Income tax (provision) benefit(208)413 313 Net income (loss) attributable to Apollo Global Management, Inc.4,577 5,047 (1,961)Preferred stock dividends(97)(46)— Net income (loss) attributable to Apollo Global Management, Inc. common stockholders$4,480 $5,001 $(1,961)See accompanying notes to condensed financial information of registrant (parent company only)

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.Schedule I—Condensed Financial Information of Registrant (Parent Company Only) - Statements of Cash Flows

Years ended December 31,(In millions)202420232022Cash Flows from Operating ActivitiesNet cash provided by (used in) operating activities$(23)$(63)$36 Cash Flows from Investing ActivitiesContributions to subsidiaries$(71)$(1,250)$— Distributions from subsidiaries453 1,166 2,016 Due from subsidiaries, net209 147 (579)Net cash provided by investing activities$591 $63 $1,437 Cash Flows from Financing ActivitiesPreferred stock dividends$(97)$(22)$— Common stock dividends(1,092)(1,012)(916)Issuance of debt1,250 1,100