Apollo commercial real estate finance, inc. (ARI)
Balance Sheet / TTM
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'11Dec'10
Assets:
Cash and cash equivalents

582

452

160

116

109

109

99

76

98

77

140

214

142

200

254

38

23

67

20

48

39

40

58

63

126

20

86

156

225

108

67

11

31

21

44

24

37

Restricted cash

-

-

-

-

-

-

-

-

-

-

0

57

54

62

62

67

55

30

30

34

30

30

30

30

30

30

15

-

-

0

-

-

-

-

-

-

-

Securities available-for-sale, at estimated fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17

17

23

25

33

37

52

64

67

81

125

151

302

316

338

363

Securities, at estimated fair value

-

-

-

-

-

-

-

-

-

-

191

254

261

331

347

452

472

493

512

518

520

522

499

324

151

158

250

184

198

211

218

228

178

251

258

266

279

Securities, held-to-maturity

-

-

-

-

-

-

-

-

-

-

0

0

145

146

147

151

152

153

153

154

154

154

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Mortgage Loans on Real Estate, Commercial and Consumer, Net

6,430

6,375

6,114

5,443

5,186

4,927

4,828

4,866

4,067

3,679

3,558

3,278

3,151

2,693

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase agreements, held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

6

10

41

47

47

47

47

-

Commercial mortgage loans, held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

160

143

142

-

104

103

108

109

109

109

109

Subordinate loans, held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

394

354

286

-

196

179

179

149

123

98

58

Interest receivable

-

-

-

-

-

-

-

-

-

-

27

21

22

-

18

19

23

16

14

12

12

10

17

15

6

6

5

4

4

4

4

11

5

8

9

7

5

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

8

9

7

8

5

5

0

0

1

1

0

1

1

1

2

1

2

2

Other assets

103

52

37

40

36

33

31

27

46

28

14

0

3

20

31

9

0

0

0

0

0

1

1

0

0

0

0

0

-

0

0

0

0

0

0

0

0

Investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

0

0

23

22

23

23

23

22

20

20

18

37

38

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Derivative assets, net

57

0

35

19

8

23

15

10

-

0

0

0

3

5

5

15

1

3

0

0

1

4

1

-

-

0

-

-

-

-

-

-

-

-

-

0

0

Loan proceeds held by servicer

0

8

3

4

0

1

0

0

30

302

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Assets

7,174

6,888

6,352

5,624

5,341

5,095

4,974

4,981

4,242

4,088

3,932

3,826

3,808

3,482

3,198

2,979

2,856

2,712

2,527

2,333

2,022

1,845

1,783

1,554

1,015

907

952

898

923

788

684

703

705

891

910

895

858

Liabilities and Stockholders' Equity
Liabilities:
Secured debt arrangements, net (net of deferred financing costs of $16,917 and $17,190 in 2020 and 2019, respectively)

3,539

3,078

2,541

1,783

2,141

1,879

1,996

1,960

1,212

1,330

1,278

1,330

1,477

1,139

1,013

1,217

1,083

918

735

878

575

622

537

446

166

202

227

191

211

225

242

350

355

290

296

301

242

Convertible senior notes, net

562

561

560

559

558

592

370

587

585

584

471

250

250

249

249

249

248

248

247

247

246

246

246

139

139

0

-

-

-

-

-

-

-

-

-

-

-

Senior secured term loan, net (net of deferred financing costs of $6,960 and $7,277 in 2020 and 2019, respectively)

487

487

488

490

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

123

100

98

96

91

104

79

81

73

70

8

12

8

68

26

24

8

9

4

8

3

7

3

5

2

2

1

1

1

1

1

1

1

1

2

1

2

Participations sold

-

-

-

-

-

-

-

-

-

-

0

0

84

84

110

114

116

118

119

120

119

89

89

89

-

0

-

-

-

-

-

-

-

-

-

-

-

TALF borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

264

280

297

Derivative liabilities

50

19

23

13

-

0

0

0

14

5

11

4

-

0

-

-

-

-

-

2

-

-

-

1

-

-

0

0

0

0

0

0

0

0

0

0

-

Investments purchased, not yet settled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-

-

-

21

-

-

-

-

-

-

-

-

-

-

Payable to related party

10

10

10

10

9

9

9

9

8

8

8

7

7

7

5

5

5

5

4

3

3

3

3

2

2

2

2

2

2

2

1

1

1

1

1

1

0

Dividends payable

-

-

-

-

-

-

-

-

-

-

55

57

51

-

46

36

36

37

32

27

27

21

20

20

16

17

17

16

16

12

10

8

8

8

8

7

7

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Deferred underwriting fee ($8,000 of which was payable to the Manager in 2010- see Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

10

Total Liabilities

4,773

4,258

3,722

2,953

2,801

2,586

2,456

2,638

1,894

2,000

1,835

1,663

1,879

1,550

1,451

1,647

1,499

1,337

1,143

1,288

975

990

927

704

327

224

269

212

232

241

256

362

366

554

574

602

560

Commitments and Contingencies (see Note 15)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

0

0

0

Stockholders’ Equity:
Preferred stock

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

Common stock, $0.01 par value, 450,000,000 shares authorized, 153,740,547 and 153,537,296 shares issued and outstanding in 2020 and 2019, respectively

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in-capital

2,820

2,825

2,821

2,817

2,671

2,638

2,630

2,447

2,444

2,170

2,163

2,236

1,984

1,983

1,803

1,411

1,409

1,410

1,408

1,062

1,062

868

867

860

701

697

696

695

695

546

422

337

337

336

335

289

291

Accumulated deficit

-421

-196

-193

-147

-132

-130

-113

-106

-97

-83

-67

-75

-53

-48

-54

-77

-50

-32

-22

-15

-12

-10

-11

-10

-13

-14

-13

-9

-4

0

4

2

-

-

-

-

-

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

0

0

-3

-3

-2

-2

-2

-3

-2

-2

-3

-2

-0

-0

-0

-0

-0

-0

-0

-0

0

0

0

0

0

2

6

Total Stockholders’ Equity

2,400

2,629

2,629

2,671

2,539

2,509

2,518

2,342

2,347

2,088

2,097

2,162

1,928

1,932

1,747

1,331

1,357

1,375

1,384

1,044

1,046

855

855

849

687

682

682

685

691

546

427

341

338

336

336

292

297

Total Liabilities and Stockholders’ Equity

7,174

6,888

6,352

5,624

5,341

5,095

4,974

4,981

4,242

4,088

3,932

3,826

3,808

3,482

3,198

2,979

2,856

2,712

2,527

2,333

2,022

1,845

1,783

1,554

1,015

907

952

898

923

788

684

703

705

891

910

895

858

Commercial Mortgage Portfolio Segment
Mortgage Loans on Real Estate, Commercial and Consumer, Net

5,413

5,326

4,779

4,206

4,003

3,878

3,723

3,724

3,029

2,653

2,218

2,037

1,955

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinate Mortgage Portfolio Segment
Mortgage Loans on Real Estate, Commercial and Consumer, Net

1,016

1,048

1,335

1,236

1,183

1,048

1,104

1,142

1,038

1,025

1,340

1,240

1,195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock [Member]
Preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock
Preferred stock

-

-

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C Preferred Stock
Preferred stock

-

-

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-