Apollo Global Management Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
APO$122.74+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| For the year ended December 31, 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | |||||||||||
| (In millions) | AAM Class A Common Stock | AAM Class B Common Stock | AAM Class C Common Stock | AAM Series A Preferred Stock | AAM Series B Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | Total Equity |
| Balance at January 1, 2021 | 229 | — | — | $264 | $290 | $877 | $— | $(2) | $1,429 | $4,084 | $5,513 |
| Deconsolidation of VIEs | — | — | — | — | — | — | — | — | — | (148) | (148) |
| Accretion of redeemable non-controlling interests | — | — | — | — | — | (70) | — | — | (70) | — | (70) |
| Issuance of common stock related to equity transactions | — | — | — | — | — | 22 | — | — | 22 | — | 22 |
| Pledge of common stock | — | — | — | — | — | 126 | — | — | 126 | — | 126 |
| Purchase of limited partnership interests | — | — | — | — | — | (27) | — | — | (27) | (521) | (548) |
| Dilution impact of issuance of common stock | — | — | — | — | — | (9) | — | — | (9) | — | (9) |
| Capital increase related to equity-based compensation | — | — | — | — | — | 1,152 | — | — | 1,152 | — | 1,152 |
| Capital contributions | — | — | — | — | — | — | — | — | — | 2,280 | 2,280 |
| Dividends/distributions | — | — | — | (18) | (19) | — | (517) | — | (554) | (1,504) | (2,058) |
| Payments related to issuances of common stock for equity-based awards | 6 | — | — | — | — | 78 | (141) | — | (63) | — | (63) |
| Repurchase of common stock | (5) | — | — | — | — | (299) | — | — | (299) | — | (299) |
| Exchange of AOG Units for common stock | 19 | — | — | — | — | 246 | — | — | 246 | (185) | 61 |
| Net income (loss) | — | — | — | 18 | 19 | — | 1,802 | — | 1,839 | 2,428 | 4,267 |
| Other comprehensive income (loss) | — | — | — | — | — | — | — | (3) | (3) | (29) | (32) |
| Balance at December 31, 2021 | 249 | — | — | $264 | $290 | $2,096 | $1,144 | $(5) | $3,789 | $6,405 | $10,194 |
| (Continued) | |||||||||||
| See accompanying notes to the consolidated financial statements. | |||||||||||
| For the year ended December 31, 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Apollo Global Management, Inc. Stockholders | |||||||||
| (In millions) | Common Stock | AAM Series A Preferred Stock | AAM Series B Preferred Stock | AdditionalPaid inCapital | Retained Earnings (Accumulated Deficit) | AccumulatedOtherComprehensive Income (Loss) | Total ApolloGlobalManagement,Inc.Stockholders’Equity (Deficit) | Non-ControllingInterests | Total Equity |
| Balance at January 1, 2022 | 249 | $264 | $290 | $2,096 | $1,144 | $(5) | $3,789 | $6,405 | $10,194 |
| Merger with Athene | 166 | — | — | 13,050 | — | — | 13,050 | 4,942 | 17,992 |
| Issuance of warrants | — | — | — | 142 | — | — | 142 | — | 142 |
| Reclassification of preferred stock to non-controlling interests | — | (264) | (290) | — | — | — | (554) | 554 | — |
| Consolidation/deconsolidation of VIEs | — | — | — | 8 | (7) | — | 1 | (3,649) | (3,648) |
| Issuance of common stock related to equity transactions | 4 | — | — | 252 | — | — | 252 | — | 252 |
| Accretion of redeemable non-controlling interests | — | — | — | (67) | — | — | (67) | — | (67) |
| Capital increase related to equity-based compensation | — | — | — | 462 | — | — | 462 | — | 462 |
| Capital contributions | — | — | — | — | — | — | — | 4,816 | 4,816 |
| Dividends/distributions | — | — | — | (962) | — | — | (962) | (1,047) | (2,009) |
| Transactions between entities under common control | — | — | — | 20 | — | — | 20 | — | 20 |
| Payments related to issuances of common stock for equity-based awards | 6 | — | — | 36 | (183) | — | (147) | — | (147) |
| Repurchase of common stock | (11) | — | — | (635) | — | — | (635) | — | (635) |
| Exchange of AOG Units for common stock | 156 | — | — | 580 | — | — | 580 | (2,591) | (2,011) |
| Net income (loss) | — | — | — | — | (1,961) | — | (1,961) | (1,546) | (3,507) |
| Other comprehensive income (loss) | — | — | — | — | — | (7,330) | (7,330) | (158) | (7,488) |
| Balance at December 31, 2022 | 570 | $— | $— | $14,982 | $(1,007) | $(7,335) | $6,640 | $7,726 | $14,366 |
| (Continued) | |||||||||
| See accompanying notes to the consolidated financial statements. | |||||||||
| For the year ended December 31, 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 | TotalEquity |
| 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 | — | — | (15) | — | — | (15) | — | (15) |
| Liquidation of SPACs | — | — | 71 | 9 | — | 80 | — | 80 |
| Equity issued in connection with Mandatory Convertible Preferred Stock | — | 1,398 | — | — | — | 1,398 | — | 1,398 |
| Capital increase related to equity-based compensation | — | — | 947 | — | — | 947 | — | 947 |
| Capital contributions | — | — | — | — | — | — | 2,863 | 2,863 |
| Dividends/distributions | — | (46) | (241) | (771) | — | (1,058) | (836) | (1,894) |
| Payments related to issuances of common stock for equity-based awards | 6 | — | 41 | (260) | — | (219) | — | (219) |
| Repurchase of common stock | (8) | — | (563) | — | — | (563) | — | (563) |
| Stock option exercises | — | — | 21 | — | — | 21 | — | 21 |
| Redemption of subsidiary equity interests | — | — | (5) | — | — | (5) | (575) | (580) |
| Subsidiary issuance of equity interests | — | — | 11 | — | 3 | 14 | 570 | 584 |
| Net income (loss) | — | 46 | — | 5,001 | — | 5,047 | 1,421 | 6,468 |
| Other comprehensive income (loss) | — | — | — | — | 1,757 | 1,757 | 270 | 2,027 |
| Balance at December 31, 2023 | 568 | 1,398 | $15,249 | $2,972 | $(5,575) | $14,044 | $11,189 | $25,233 |
| (Concluded) | ||||||||
| See accompanying notes to the consolidated financial statements. | ||||||||
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