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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| (In millions, except share data) | As of December 31, 2023 | As of December 31, 2022 |
|---|---|---|
| Assets | ||
| Asset Management | ||
| Cash and cash equivalents | $2,748 | $1,201 |
| Restricted cash and cash equivalents | 2 | 1,048 |
| Investments | 5,502 | 5,582 |
| Assets of consolidated variable interest entities | ||
| Cash and cash equivalents | 62 | 110 |
| Investments | 1,640 | 2,369 |
| Other assets | 177 | 30 |
| Due from related parties | 449 | 465 |
| Goodwill | 264 | 264 |
| Other assets | 2,331 | 2,333 |
| 13,175 | 13,402 | |
| Retirement Services | ||
| Cash and cash equivalents | 13,020 | 7,779 |
| Restricted cash and cash equivalents | 1,761 | 628 |
| Investments | 213,099 | 172,488 |
| Investments in related parties | 25,842 | 23,960 |
| Assets of consolidated variable interest entities | ||
| Cash and cash equivalents | 98 | 362 |
| Investments | 20,232 | 15,699 |
| Other assets | 110 | 112 |
| Reinsurance recoverable | 4,154 | 4,358 |
| Deferred acquisition costs, deferred sales inducements and value of business acquired | 5,979 | 4,466 |
| Goodwill | 4,065 | 4,058 |
| Other assets | 11,953 | 9,905 |
| 300,313 | 243,815 | |
| Total Assets | $313,488 | $257,217 |
| (Continued) | ||
| See accompanying notes to the consolidated financial statements. | ||
| (In millions, except share data) | As of December 31, 2023 | As of December 31, 2022 |
|---|---|---|
| Liabilities, Redeemable non-controlling interests and Equity | ||
| Liabilities | ||
| Asset Management | ||
| Accounts payable, accrued expenses, and other liabilities | $3,338 | $2,975 |
| Due to related parties | 870 | 998 |
| Debt | 3,883 | 2,814 |
| Liabilities of consolidated variable interest entities | ||
| Notes payable | — | 50 |
| Other liabilities | 1,145 | 1,899 |
| 9,236 | 8,736 | |
| Retirement Services | ||
| Interest sensitive contract liabilities | 204,670 | 173,616 |
| Future policy benefits | 53,287 | 42,110 |
| Market risk benefits | 3,751 | 2,970 |
| Debt | 4,209 | 3,658 |
| Payables for collateral on derivatives and securities to repurchase | 7,536 | 6,707 |
| Other liabilities | 4,456 | 3,213 |
| Liabilities of consolidated variable interest entities | ||
| Other liabilities | 1,098 | 809 |
| 279,007 | 233,083 | |
| Total Liabilities | 288,243 | 241,819 |
| Commitments and Contingencies (note 20) | ||
| Redeemable non-controlling interests | ||
| Redeemable non-controlling interests | 12 | 1,032 |
| Equity | ||
| Mandatory Convertible Preferred Stock, 28,750,000 and 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 1,398 | — |
| Common Stock, $0.00001 par value, 90,000,000,000 shares authorized, 567,762,932 and 570,276,188 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | — | — |
| Additional paid in capital | 15,249 | 14,982 |
| Retained earnings (accumulated deficit) | 2,972 | (1,007) |
| Accumulated other comprehensive income (loss) | (5,575) | (7,335) |
| Total Apollo Global Management, Inc. Stockholders’ Equity | 14,044 | 6,640 |
| Non-controlling interests | 11,189 | 7,726 |
| Total Equity | 25,233 | 14,366 |
| Total Liabilities, Redeemable non-controlling interests and Equity | $313,488 | $257,217 |
| (Concluded) | ||
| See accompanying notes to the consolidated financial statements. | ||
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