Apollo Global Management Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	4,577	5,047	-1,961	1,839
Depreciation & Amortization, Total	-	1,075	803	529	27
Gain (Loss) On Sale of Investments	-	-3,649	-1,992	6,020	-3,165
Stock-Based Compensation	-	721	1,026	540	1,181
Change in Other Net Operating Assets	-	1,259	3,155	2,801	1,859
Other Operating Activities	-	-730	-1,717	-4,140	-677
Operating Cash Flow	-	3,253	6,322	3,789	1,064
Cash Acquisitions	-	-	-	10,420	-
Investment in Securities	-	-27,410	-16,029	-17,628	-1,483
Other Investing Activities	-	-6,223	-5,406	-3,285	-69
Investing Cash Flow	-	-61,801	-42,407	-23,444	-1,552
Long-Term Debt Issued	-	7,945	4,912	5,745	1,334
Long-Term Debt Repaid	-	-5,259	-3,780	-4,033	-1,968
Net Debt Issued (Repaid)	-	2,686	1,132	1,712	-634
Issuance of Common Stock	-	-	-	-	1,001
Repurchase of Common Stock	-	-890	-561	-635	-299
Preferred Dividends Paid	-	-97	-22	-	-37
Common Dividends Paid	-	-1,092	-1,012	-962	-517
Dividends Paid	-	-1,189	-1,034	-962	-554
Other Financing Activities	-	57,365	41,703	28,595	595
Financing Cash Flow	-	57,972	42,638	28,710	109
Foreign Exchange Rate Adjustments	-	-3	10	-15	-
Net Cash Flow	-	-579	6,563	9,040	-379
Free Cash Flow	-	3,253	6,322	3,789	1,064
Free Cash Flow Growth	-	-48.55%	66.85%	256.11%	-
Free Cash Flow Margin	-	12.57%	19.79%	34.94%	18.30%
Free Cash Flow Per Share	-	5.38	10.74	6.48	4.50
Cash Interest Paid	-	805	720	566	556
Cash Income Tax Paid	-	1,048	358	1,007	121

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.