Apollo Global Management Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
APO$122.74+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity (unaudited)
| For the three and nine months ended September 30, 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | ||||||||
| (In millions) | Common Stock | Series A Mandatory Convertible Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | Total Equity |
| Balance at July 1, 2023 | 567 | $— | $14,468 | $153 | $(6,392) | $8,229 | $8,813 | $17,042 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | (95) | (95) |
| Accretion of redeemable non-controlling interests | — | — | (2) | — | — | (2) | — | (2) |
| Equity issued in connection with Mandatory Convertible Preferred Stock offering | — | 1,397 | — | — | — | 1,397 | — | 1,397 |
| Capital increase related to equity-based compensation | — | — | 119 | — | — | 119 | — | 119 |
| Capital contributions | — | — | — | — | — | — | 1,037 | 1,037 |
| Dividends/distributions | — | (22) | — | (256) | — | (278) | (330) | (608) |
| Payments related to issuances of common stock for equity-based awards | 1 | — | 9 | (22) | — | (13) | — | (13) |
| Stock option exercises | — | — | 6 | — | — | 6 | — | 6 |
| Redemption of subsidiary equity interests | — | — | (5) | — | — | (5) | (575) | (580) |
| Subsidiary issuance of equity interests | — | — | 10 | — | 3 | 13 | 585 | 598 |
| Net income (loss) | — | 22 | — | 660 | — | 682 | (45) | 637 |
| Other comprehensive income (loss) | — | — | — | — | (1,706) | (1,706) | (157) | (1,863) |
| Balance at September 30, 2023 | 568 | $1,397 | $14,605 | $535 | $(8,095) | $8,442 | $9,233 | $17,675 |
| Balance at January 1, 2023 | 570 | $— | $14,982 | $(1,007) | $(7,335) | $6,640 | $7,726 | $14,366 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | (250) | (250) |
| Accretion of redeemable non-controlling interests | — | — | (17) | (1) | — | (18) | — | (18) |
| Equity issued in connection with Mandatory Convertible Preferred Stock offering | — | 1,397 | — | — | — | 1,397 | — | 1,397 |
| Capital increase related to equity-based compensation | — | — | 364 | — | — | 364 | — | 364 |
| Capital contributions | — | — | — | — | — | — | 1,766 | 1,766 |
| Dividends/distributions | — | (22) | (239) | (514) | — | (775) | (616) | (1,391) |
| Payments related to issuances of common stock for equity-based awards | 6 | — | 32 | (212) | — | (180) | — | (180) |
| Repurchase of common stock | (8) | — | (538) | — | — | (538) | — | (538) |
| Stock option exercises | — | — | 16 | — | — | 16 | — | 16 |
| Redemption of subsidiary equity interests | — | — | (5) | — | — | (5) | (575) | (580) |
| Subsidiary issuance of equity interests | — | — | 10 | — | 3 | 13 | 585 | 598 |
| Net income (loss) | — | 22 | — | 2,269 | — | 2,291 | 599 | 2,890 |
| Other comprehensive income (loss) | — | — | — | — | (763) | (763) | (2) | (765) |
| Balance at September 30, 2023 | 568 | $1,397 | $14,605 | $535 | $(8,095) | $8,442 | $9,233 | $17,675 |
| (Continued) | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED)
| For the three and nine months ended September 30, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | ||||||||
| (In millions) | Common Stock | Series A Mandatory Convertible Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | TotalEquity |
| Balance at July 1, 2024 | 570 | $1,398 | $15,319 | $4,376 | $(5,820) | $15,273 | $13,127 | $28,400 |
| Consolidation/deconsolidation of VIEs | — | — | — | — | — | — | 10 | 10 |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 2 | 2 |
| Accretion of redeemable non-controlling interests | — | — | (1) | — | — | (1) | — | (1) |
| Capital increase related to equity-based compensation | — | — | 126 | — | — | 126 | — | 126 |
| Capital contributions | — | — | — | — | — | — | 479 | 479 |
| Dividends/distributions | — | (24) | — | (277) | — | (301) | (1,293) | (1,594) |
| Payments related to issuances of common stock for equity-based awards | — | — | 13 | (21) | — | (8) | — | (8) |
| Repurchase of common stock | (4) | — | (457) | — | — | (457) | — | (457) |
| Stock option exercises | — | — | 1 | — | — | 1 | — | 1 |
| Subsidiary issuance of equity interests | — | — | 72 | — | — | 72 | 6 | 78 |
| Net income (loss) | — | 24 | — | 787 | — | 811 | 958 | 1,769 |
| Other comprehensive income (loss) | — | — | — | — | 2,347 | 2,347 | 374 | 2,721 |
| Balance at September 30, 2024 | 566 | $1,398 | $15,073 | $4,865 | $(3,473) | $17,863 | $13,663 | $31,526 |
| Balance at January 1, 2024 | 568 | $1,398 | $15,249 | $2,972 | $(5,575) | $14,044 | $11,189 | $25,233 |
| Consolidation/deconsolidation of VIEs | — | — | — | — | — | — | (40) | (40) |
| Other changes in equity of non-controlling interests | — | — | — | — | — | — | 5 | 5 |
| Issuance of common stock related to equity transactions | 1 | — | 84 | — | — | 84 | — | 84 |
| Accretion of redeemable non-controlling interests | — | — | (2) | — | — | (2) | — | (2) |
| Capital increase related to equity-based compensation | — | — | 425 | — | — | 425 | — | 425 |
| Capital contributions | — | — | — | — | — | — | 2,481 | 2,481 |
| Dividends/distributions | — | (73) | — | (815) | — | (888) | (1,954) | (2,842) |
| Payments related to issuances of common stock for equity-based awards | 4 | — | 24 | (310) | — | (286) | — | (286) |
| Repurchase of common stock | (7) | — | (792) | — | — | (792) | — | (792) |
| Stock option exercises | — | — | 13 | — | — | 13 | — | 13 |
| Subsidiary issuance of equity interests | — | — | 72 | — | — | 72 | 6 | 78 |
| Net income (loss) | — | 73 | — | 3,018 | — | 3,091 | 1,620 | 4,711 |
| Other comprehensive income (loss) | — | — | — | — | 2,102 | 2,102 | 356 | 2,458 |
| Balance at September 30, 2024 | 566 | $1,398 | $15,073 | $4,865 | $(3,473) | $17,863 | $13,663 | $31,526 |
| (Concluded) | ||||||||
| See accompanying notes to the unaudited condensed consolidated financial statements. | ||||||||
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