APOLLO GLOBAL MANAGEMENT, INC. APO Income Statement

Apollo global management, inc. (APO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Gain (Loss) On Investments, Performance Allocation
-1,734,323	374,677	254,103	176,862	251,497	-530,081	124,856	129,085	-124,165	496,297	336,910	120,393	352,593	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal Investment Gain (Loss)
-187,849	67,507	33,393	39,602	26,025	-20,212	16,153	22,175	-12,994	58,753	47,488	16,836	38,553	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investment income (loss)
-1,922,172	442,184	287,496	216,464	277,522	-550,293	141,009	151,260	-137,159	555,050	384,398	137,229	391,146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Carried interest income from related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	199,617	328,485	-120,968	-22,424	-54,571	105,693	68,592	798	-57,233	284,946	165,544	522,061	952,001	277,106	1,111,207	959,351	549,613	-1,475	622,329	498,294	-1,619,083	164,133	558,776	332,426	-53,676
Revenues
-1,469,086	914,772	702,721	636,579	677,777	-114,885	517,731	523,316	166,903	928,271	711,720	449,708	682,104	788,558	503,731	660,447	120,826	193,651	193,268	351,727	303,024	275,396	221,135	572,152	491,400	795,148	1,132,089	497,261	1,309,073	1,159,221	712,373	211,628	776,743	645,994	-1,479,580	308,876	696,342	458,651	79,280
Expenses:
Compensation and benefits:
Salary and Wage, NonOfficer, Excluding Cost of Good and Service Sold
139,269	144,986	126,695	123,669	119,163	115,981	112,722	115,075	115,826	112,871	108,853	105,545	101,613	99,117	92,591	100,188	97,234	84,507	93,514	88,870	87,633	77,285	90,402	89,832	80,530	70,809	81,266	69,282	73,396	69,908	64,647	74,948	65,071	46,307	68,433	64,286	72,069	60,446	60,289
Share-based Payment Arrangement, Expense
52,122	57,244	42,665	44,662	45,077	49,585	50,334	37,784	35,525	21,118	24,485	22,740	23,107	28,780	26,163	34,038	14,002	23,890	31,404	22,279	20,103	24,644	13,987	28,711	58,978	16,608	20,832	43,501	45,286	163,267	144,407	142,114	148,866	290,580	288,208	287,358	283,607	281,914	279,960
Profit Sharing Expense
-635,998	276,591	88,610	68,278	123,447	-179,160	63,059	70,545	-12,277	175,394	137,296	58,059	144,324	177,307	90,152	127,220	-37,605	-4,706	-20,329	61,635	48,629	17,257	-5,804	160,778	103,959	197,849	424,542	127,244	423,620	365,461	237,797	19,851	249,024	215,367	-563,255	70,733	217,085	119,357	-32,566
Incentive fee compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27	35	-	-3,876	-3,594	10,159	2,136	6,314
Total compensation and benefits
-444,607	478,821	257,970	236,609	287,687	-13,594	226,115	223,404	139,074	309,383	270,634	186,344	269,044	305,204	208,906	261,446	73,631	103,691	104,589	172,784	156,365	119,186	98,585	279,321	243,467	285,266	526,640	240,027	542,302	598,628	446,851	236,886	462,996	549,565	-210,490	418,783	582,920	463,853	313,997
Interest expense
31,242	28,126	27,833	23,302	19,108	15,206	15,209	15,162	13,797	13,376	13,303	13,195	12,999	12,977	12,832	9,800	7,873	7,617	7,529	7,485	7,440	7,366	7,389	4,524	3,114	6,969	7,179	7,594	7,518	8,033	7,136	10,567	11,380	9,851	9,790	10,327	10,882	7,340	9,502
General and Administrative Expense
84,522	91,528	85,313	81,839	71,662	71,593	70,657	62,517	61,677	67,940	68,149	59,729	62,040	59,715	58,566	70,088	58,631	189,089	21,645	21,556	22,771	191,568	23,652	25,291	24,678	27,504	21,720	26,037	22,941	21,151	24,028	23,575	19,207	19,883	16,566	22,502	16,607	14,186	16,990
Professional fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,218	19,725	14,964	-	17,936	20,211	19,452	26,930	18,752	21,665	16,060	24,833	11,490	16,832	11,527	21,959	6,965	12,992	17,361	9,661	9,539
Occupancy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,137	10,131	9,958	-	9,916	10,418	9,903	10,143	9,849	10,149	9,805	9,858	9,644	8,990	8,726	10,274	10,391	7,925	7,226	5,882	5,361
Placement Fees
409	891	256	775	-440	738	746	311	327	1,353	5,397	5,258	1,905	20,468	1,953	2,064	1,764	2,612	2,617	1,665	1,520	1,387	8,760	3,489	1,786	26,761	3,185	3,120	9,358	8,927	4,292	8,131	921	806	1,991	575	539	-793	680
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,176	11,193	10,978	-	11,150	11,115	11,719	12,638	12,790	14,195	14,618	16,215	16,567	11,981	8,473	6,625	6,687	6,902	6,046	5,874	6,041
Operating Expenses
-328,434	599,366	371,372	342,525	378,017	73,943	312,727	301,394	214,875	392,052	357,483	264,526	345,988	398,364	282,257	343,398	141,899	187,529	174,911	244,539	223,996	197,687	177,388	354,369	314,119	396,211	600,115	322,787	622,602	687,645	520,008	316,962	523,230	618,963	-158,100	480,006	641,581	506,003	362,110
Other Income (Loss):
Investment Income, Net, Amortization of Discount and Premium
-1,264,551	94,055	-19,790	45,060	18,829	-207,094	155,283	-67,505	-67,133	-7,832	68,932	-513	34,517	89,434	17,746	89,010	-56,469	14,231	80,950	24,424	2,118	-643	12	-9,534	223,408	202,941	74,045	1,116	52,133	138,287	20,463	-28,214	157,708	20,580	-371,647	63,311	157,929	101,210	-11,005
Net gains from investment activities of consolidated variable interest entities
-165,920	15,183	10,631	4,631	9,466	16,366	13,001	9,213	6,532	-420	845	6,132	4,108	2,198	800	698	1,319	11,011	911	5,800	1,328	30,252	-98,848	43,425	47,735	108,478	78,601	-35,198	47,861	-41,791	-45,475	31,763	-16,201	24,242	-4,760	-12,369	17,088	32,910	-19,432
Income from equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,213	44,960	-3,817	-3,224	2,021	17,119	-1,061	-4,200	4,445	30,701	22,910	27,234	32,236	20,090	27,790	26,982	40,779	-839	43,251	43,165	-56,438	5,370	21,826	27,480	-1,712
Interest income
7,934	9,584	10,152	8,710	7,076	7,137	5,411	4,547	3,559	3,492	1,504	622	803	999	1,192	1,296	585	829	818	860	725	2,095	2,243	2,726	3,328	2,822	3,304	3,049	3,091	2,600	3,277	2,202	1,614	3,191	670	612	258	359	300
Other Nonoperating Income (Expense)
-16,507	-9,856	-43,144	6,603	90	33,941	3,085	-5,443	4,246	200,864	25,387	742	18,647	4,077	-40	778	-253	931	93	1,775	4,874	30,810	10,013	2,238	17,531	13,404	22,634	2,778	1,298	5,010	8,304	1,945,549	5,816	194,281	-10,135	13,311	8,063	48,581	25,264
Total Other Income (Loss)
-1,439,044	108,966	-42,151	65,004	35,461	-149,650	176,780	-59,188	-52,796	196,104	96,668	6,983	58,075	32,352	42,911	136,742	-58,635	23,778	84,793	49,978	7,984	58,314	-82,135	69,556	314,912	354,879	210,820	-8,165	132,173	131,088	27,348	1,950,461	192,188	285,659	-442,310	70,035	205,164	210,540	-6,585
Income before income tax (provision) benefit
-2,579,696	424,372	289,198	359,058	335,221	-338,478	381,784	162,734	-100,768	732,323	450,905	192,165	394,191	422,546	264,385	453,791	-79,708	29,900	103,150	157,166	87,012	136,023	-38,388	287,339	492,193	753,816	742,794	166,309	818,644	602,664	219,713	1,845,127	445,701	312,690	-1,763,790	-101,095	259,925	163,188	-289,415
Income Tax Expense (Benefit)
-295,853	66,351	-231,896	16,897	19,654	39,425	19,092	18,924	8,580	349,341	16,542	-777	-39,161	28,199	29,667	37,988	-5,147	5,536	6,591	9,092	5,514	50,283	29,376	35,037	32,549	23,647	47,204	18,139	18,579	18,283	21,917	10,650	14,560	26,506	-19,847	-3,550	8,820	30,856	12,727
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-2,283,843	358,021	521,094	342,161	315,567	-377,903	362,692	143,810	-109,348	461,304	434,363	192,942	355,030	394,347	234,718	415,803	-74,561	24,364	96,559	148,074	81,498	85,740	-67,764	252,302	459,644	730,169	695,590	148,170	800,065	584,381	197,796	1,834,477	431,141	293,284	-1,743,943	-104,645	251,105	132,332	-302,142
Net Income (Loss) Attributable to Noncontrolling Interest
-1,287,625	191,978	157,824	177,338	166,510	-190,658	191,171	80,200	-51,086	272,028	231,411	101,262	209,834	227,380	140,099	241,711	-41,733	18,273	55,508	91,646	50,571	63,558	-69,974	180,634	387,475	571,009	503,074	89,433	551,087	412,872	115,005	1,875,863	333,098	175,039	-1,277,017	53,656	212,949	108,192	-227,018
Net Income (Loss) Attributable to Apollo Global Management, Inc.
-996,218	166,043	363,270	164,823	149,057	-187,245	171,521	63,610	-58,262	189,276	202,952	91,680	145,196	166,967	94,619	174,092	-32,828	6,091	41,051	56,428	30,927	22,182	2,210	71,668	72,169	-	192,516	58,737	-	-	-	-	-	-	-	-104,645	-	24,140	-75,124
Net income attributable to Series A Preferred Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	0.66	-	0.52	0.49	0.45	0.35	0.37	0.25	0.28	0.35	0.42	0.33	0.86	0.73	0.46	0.84	1.08	-	1.32	-	-	-	0.24	0.25	0.46	0.20	0.24	0.22	0.17	0.07	0.07
Net (Loss) Income Available to Class A Shareholders
-996,218	166,043	363,270	164,823	149,057	-187,245	171,521	63,610	-58,262	189,276	202,952	91,680	145,196	-	94,619	174,092	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,140	-75,124
Earnings Per Share [Abstract]
Earnings Per Share, Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.86	-0.46	0.33	0.23	-0.79
Weighted Average Number of Class A Shares-Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,757	96,346
Asset Management [Member]
Revenues
396,604	413,026	394,547	388,215	380,026	358,150	358,750	341,626	286,726	302,634	301,443	281,305	269,543	268,342	274,313	267,063	233,795	236,158	238,563	230,584	224,889	206,933	207,297	226,420	209,791	217,990	151,127	155,070	150,447	162,488	147,611	143,326	127,178	125,556	122,666	121,187	118,150	106,720	106,112
Investment Advice [Member]
Revenues
36,963	56,511	16,440	31,124	19,569	70,133	13,154	15,440	13,551	62,719	16,209	23,629	15,067	43,966	29,801	64,899	7,999	-20,083	9,276	15,450	9,543	67,665	71,071	60,786	116,065	55,097	28,961	65,085	47,419	37,382	15,149	69,777	27,236	22,144	16,837	23,556	19,416	19,505	26,844
Incentive fees
Revenues
19,519	3,051	4,238	776	660	7,125	4,818	14,990	3,785	7,868	9,670	7,545	6,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A Preferred Stock
Preferred Stock Dividends
4,383	4,383	4,382	4,383	4,383	4,382	4,383	4,383	4,383	-	4,383	4,772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B Preferred Stock
Preferred Stock Dividends
4,781	4,781	4,782	4,781	4,781	4,781	4,781	4,569	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock
Net Income (Loss) Attributable to Apollo Global Management, Inc. Class A Common Stockholders
-1,005,382	156,879	354,106	155,659	139,893	-196,408	162,357	54,658	-62,645	184,893	198,569	86,908	145,196	-	94,619	174,092	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Class A Common Stock – Basic (in USD per share)
-4.47	0.66	1.64	0.75	0.67	-0.98	0.77	0.25	-0.34	0.93	1.00	0.44	0.75	0.89	0.50	0.91	-0.19	0.02	0.20	0.30	0.09	0.02	-0.05	0.33	0.32	1.01	1.13	0.32	1.60	1.23	0.55	-0.38	0.66	-	-	-	-	-	-
Net Income (Loss) Available to Class A Common Stock – Diluted (in USD per share)
-4.47	0.66	1.63	0.75	0.67	-0.98	0.77	0.25	-0.34	0.91	1.00	0.44	0.75	0.89	0.50	0.91	-0.19	0.02	0.20	0.30	0.09	0.02	-0.05	0.33	0.32	0.99	1.13	0.32	1.59	1.23	0.55	-0.38	0.66	-	-	-	-	-	-
Weighted Average Number of Shares of Class A Common Stock Outstanding – Basic (in shares)
226,757	222,080	205,797	199,578	200,832	200,294	200,347	200,711	198,432	193,715	192,882	190,591	186,537	185,192	184,438	183,695	182,665	180,516	176,169	170,431	165,968	162,300	158,466	152,852	147,776	145,325	142,829	137,289	131,249	130,066	128,980	126,457	125,269	123,896	122,381	120,963	98,215	-	-
Weighted Average Number of Shares of Class A Common Stock Outstanding – Diluted (in shares)
226,757	226,941	207,641	199,578	200,832	200,294	200,347	200,711	198,432	200,315	192,882	190,591	186,537	185,192	184,438	183,695	182,665	180,516	176,169	170,431	165,968	162,300	158,466	152,852	147,776	149,335	146,212	137,289	136,019	132,553	131,635	126,457	127,515	123,603	122,381	120,963	98,509	-	-