Apollo global management, inc. (APO)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'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

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