Apollo Commercial Real Estate Finance, Inc (ARI) financial statements (2023 and earlier)

Company profile

Business Address C/O APOLLO GLOBAL MANAGEMENT, LLC
NEW YORK, NY 10019
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3433254521107820167
Cash and cash equivalents3433254521107820167
Restricted cash and investments     6230
Total current assets:3433254521107826398
Noncurrent Assets
Long-term investments and receivables     2223
Long-term investments     2223
Total noncurrent assets:     2223
Other undisclosed assets8,0746,6156,4364,9864,0113,1972,600
TOTAL ASSETS:8,4176,9406,8885,0964,0893,4832,720
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  3,0781,8801,3311,140926
Total current liabilities:  3,0781,8801,3311,140926
Noncurrent Liabilities
Other undisclosed liabilities6,1224,6691,180707670411419
Total liabilities:6,1224,6694,2582,5862,0001,5511,345
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2952,2712,6302,5102,0881,9321,375
Preferred stock00     
Common stock1121111
Additional paid in capital2,7212,7082,8252,6382,1701,9831,410
Accumulated other comprehensive loss     (4)(3)
Accumulated deficit(428)(439)(197)(130)(83)(48)(32)
Other undisclosed stockholders' equity attributable to parent  00000
Total stockholders' equity:2,2952,2712,6302,5102,0881,9321,375
TOTAL LIABILITIES AND EQUITY:8,4176,9406,8885,0964,0893,4832,720

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues28527032226415910356
Net investment income32830932226415910356
Cost of revenue (126)(20)(20)(5)(15) 
Provision for loan, lease, and other losses (126)(20)(20)
Financial services costs(5)(15) 
Gross profit:2851443022441548856
Operating expenses(90)(67)(65)(57)(52)(48)(26)
Operating income:195782381871014030
Nonoperating income (expense)(28)29810117134
Investment income, nonoperating  (14)39(9)9937
Foreign currency transaction gain (loss), before tax(32)2720(30)19(29)(5)
Other nonoperating income4221111
Interest and debt expense(163)(149)(153)(117)(80)(64)(49)
Income (loss) from continuing operations before equity method investments, income taxes:5(43)9280324615
Income (loss) from equity method investments    (3)(0)3
Net income (loss):5(43)9280294618
Other undisclosed net income attributable to parent2196113814016411285
Net income attributable to parent:22418230220193158103
Preferred stock dividends and other adjustments(13)(14)(19)(27)(37)(30)(12)
Net income available to common stockholders, basic:211521219315612891
Interest on convertible debt35 3535   
Other undisclosed net loss available to common stockholders, diluted(39) (35)(35)(191)(143)(113)
Net income (loss) available to common stockholders, diluted:2075212193(35)(16)(22)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):5(43)9280294618
Comprehensive income (loss):5(43)9280294618
Other undisclosed comprehensive income, net of tax, attributable to parent  1191131318173
Comprehensive income (loss), net of tax, attributable to parent:5(43)21219316012791

Statements sources

The financial statements are based on the company's filings with the 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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