Apollo Global Management Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	5,211	6,373	6,509	-3,507	4,267	467
Depreciation & Amortization	1,217	1,075	803	529	27	19
Stock-Based Compensation	694	721	1,026	540	1,181	213
Other Adjustments	-4,217	-6,175	-5,171	3,426	-6,270	617
Changes in Other Operating Activities	984	1,259	3,155	2,801	1,859	-2,932
Operating Cash Flow	4,124	3,253	6,322	3,789	1,064	-1,616
Operating Cash Flow Growth	32.90%	-48.55%	66.85%	256.11%	-	-
Purchases of Investments	-138,568	-120,036	-71,690	-67,882	-5,515	-2,658
Proceeds from Sale of Investments	72,449	59,426	29,052	34,295	4,032	1,823
Other Investing Activities	-670	-1,191	231	10,143	-69	-3
Investing Cash Flow	-67,233	-61,801	-42,407	-23,444	-1,552	-838
Long-Term Debt Repaid	-3,322	-5,259	-3,780	-4,033	-3,918	-925
Net Long-Term Debt Issued (Repaid)	-3,322	-5,259	-3,780	-4,033	-3,918	-925
Repurchase of Common Stock	-	-890	-561	-635	-299	-92
Net Common Stock Issued (Repurchased)	-	-890	-561	-635	-299	-92
Issuance of Preferred Stock	-	-	1,398	-	-	-
Net Preferred Stock Issued (Repurchased)	-	-	1,398	-	-	-
Common Dividends Paid	-1,138	-1,092	-1,012	-962	-517	-550
Preferred Share Dividends Paid	-97	-97	-22	-	-37	-37
Other Financing Activities	60,465	57,365	41,703	28,595	3,897	604
Financing Cash Flow	60,085	57,972	42,638	28,710	109	3,300
Effect of Exchange Rate Changes on Cash and Cash Equivalents	12	-3	10	-15	-	-
Net Cash Flow	-3,012	-579	6,563	9,040	-379	846
Beginning Cash & Cash Equivalents	17,983	17,691	11,128	2,088	2,467	1,621
Ending Cash & Cash Equivalents	14,971	17,112	17,691	11,128	2,088	2,467
Free Cash Flow	4,124	3,253	6,322	3,789	1,064	-1,616
Free Cash Flow Growth	26.77%	-48.55%	66.85%	256.11%	-	-
FCF Margin	16.22%	12.46%	19.37%	34.55%	17.88%	-68.65%
Free Cash Flow Per Share	6.82	5.39	10.74	6.48	4.50	-7.10
Levered Free Cash Flow	2,151	1,555	5,179	-2,664	-230	-3,718
Unlevered Free Cash Flow	7,641	8,641	10,318	-650.27	3,621	-2,146

Updated Jun 30, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.