Apollo Asset Management, Inc. (AAMPB) Financial Statements (2024 and earlier)

Company Profile

Business Address 9 WEST 57TH STREET, 42ND FLOOR
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6282 - Investment Advice (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2019171,5561,556610365
Cash and cash equivalents1,2019171,5561,556610365
Restricted cash and investments1,048708182034
Receivables      
Total current assets:2,2491,6251,5731,576613369
Noncurrent Assets
Operating lease, right-of-use asset591451295191
Nontrade receivables93304348109
Property, plant and equipment28612680422019
Long-term investments and receivables  1,3461,0111,049909864
Long-term investments  1,3461,0111,049909864
Intangible assets, net (including goodwill)443132141115108108
Goodwill264117117948989
Intangible assets, net (excluding goodwill)1791524211919
Prepaid expense62584755130190
Deferred costs280283138132  
Deferred income tax assets634424539 
Total noncurrent assets:2,3882,8492,2931,6321,1781,190
Other undisclosed assets9,15726,02719,8035,3344,2015,433
TOTAL ASSETS:13,79430,50223,6698,5425,9926,991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities9,29518,53717,3735,5043,5404,093
Total liabilities:9,29518,53717,3735,5043,5404,093
Temporary equity, carrying amount1,0321,770783   
Equity
Equity, attributable to parent, including:1,8483,7891,4291,8521,3761,463
Additional paid in capital1,3042,0968771,3031,2991,580
Accumulated other comprehensive loss(10)(5)(2)(5)(4)(2)
Retained earnings (accumulated deficit) 1,144  (473)(379)
Other undisclosed equity, attributable to parent554554554554554264
Other undisclosed equity1,6196,4054,0841,1861,0761,435
Total equity:3,46710,1945,5133,0382,4522,898
TOTAL LIABILITIES AND EQUITY:13,79430,50223,6698,5425,9926,991

Income Statement (P&L) ($ in millions)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,5515,9522,3542,9321,0932,610
Net investment income800     
Financial services revenue1,273
Gross profit:3,5515,9522,3542,9321,0932,610
Operating expenses(2,722)  (1,691)(903)(1,360)
Operating income:8305,9522,3541,2411901,250
Nonoperating income (expense)1,3753,025(222)167(85)519
Investment income, nonoperating9852,615(440)138(186)95
Other nonoperating income (expense)(15)(148)21(46)36246
Interest and debt expense(131)(139)(133)(98)(59)(53)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1,445)985953
Income from continuing operations before equity method investments, income taxes:2,0748,8375541,4081051,770
Income from equity method investments   82   
Other undisclosed income (loss) from continuing operations before income taxes131(3,975)    
Income from continuing operations before income taxes:2,2044,8626351,4081051,770
Income tax expense (benefit)(210)(594)(87)129(86)(326)
Income from continuing operations:1,9944,2685491,537191,444
Income before gain (loss) on sale of properties:4,2685491,537191,444
Other undisclosed net loss   (82)   
Net income:1,9944,2684671,537191,444
Net loss attributable to noncontrolling interest(1,060)(2,429)(310)(694)(30)(815)
Net income (loss) attributable to parent:9341,838157843(10)629
Other undisclosed net loss available to common stockholders, basic(37)   (32)(389)
Net income (loss) available to common stockholders, basic:8971,838157843(42)240
Dilutive securities, effect on basic earnings per share      3
Net income (loss) available to common stockholders, diluted:8971,838157843(42)243

Comprehensive Income ($ in millions)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,9944,2684671,537191,444
Other comprehensive income (loss)(29)(32)41(8)(20)14
Comprehensive income (loss):1,9654,2365071,529(1)1,458
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,036)(2,401)(348)(686)(12)(822)
Comprehensive income (loss), net of tax, attributable to parent:9291,835159843(13)636

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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