Apollo Commercial Real Estate Finance, Inc. (ARI)

ARI Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-4.17	-119.64	58.13	265.23	223.52	18.38
Depreciation & Amortization	9.71	11.67	8.25	0.7	2.65	-
Other Amortization	17.07	17.42	15.96	12.03	13.74	12.86
Loss (Gain) From Sale of Investments	100.18	99.6	65.86	-77.34	-49.59	-49.85
Provision for Credit Losses	4.96	155.78	59.43	-17.62	-34.77	125.6
Loss (Gain) on Equity Investments	-	-	-	-	0.16	-
Stock-Based Compensation	14.95	16.47	17.44	18.25	17.63	16.82
Change in Accounts Payable	-71.14	-75.48	-0.77	12.5	4.46	-1.7
Change in Other Net Operating Assets	41.78	13.7	-0.45	60.78	37.2	-5.5
Other Operating Activities	86.35	80.74	50.02	-6.83	-15.62	-0.18
Operating Cash Flow	199.71	200.26	273.86	267.71	199.38	164.05
Operating Cash Flow Growth	-8.12%	-26.88%	2.30%	34.27%	21.54%	-40.00%
Sale of Property, Plant & Equipment	91.89	91.89	-	-	-	-
Cash Acquisitions	-	-	0.57	-	4.15	-
Investment in Securities	4.82	9.02	-	-	-	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-352.43	577.61	239.35	-1,470	-1,496	-208.41
Other Investing Activities	-58.46	68.15	-98.86	164.07	92.49	-7.31
Investing Cash Flow	-462.7	577.17	68.42	-1,339	-1,357	-215.72
Long-Term Debt Issued	-	2,161	806.84	3,001	3,077	1,569
Long-Term Debt Repaid	-	-2,593	-916.85	-1,807	-1,661	-1,247
Net Debt Issued (Repaid)	463.81	-431.93	-110	1,194	1,416	321.78
Repurchase of Common Stock	-8.03	-48.29	-6.86	-6.97	-4.28	-127.99
Common Dividends Paid	-155.18	-185.95	-202.02	-200.57	-199.65	-237.75
Preferred Dividends Paid	-12.27	-12.27	-12.27	-12.27	-12.96	-13.54
Total Dividends Paid	-167.46	-198.22	-214.29	-212.85	-212.61	-251.29
Other Financing Activities	-26.13	-10.87	-12.21	-16.49	-24.06	-17.61
Financing Cash Flow	262.19	-689.31	-343.36	957.97	1,175	-75.12
Foreign Exchange Rate Adjustments	3.72	3.26	-0.61	-1.73	-	-
Net Cash Flow	2.92	91.96	3.41	-121.08	17.61	-126.78
Cash Interest Paid	466.12	495.49	443.63	246.37	137.67	129.81
Cash Income Tax Paid	0.15	0.03	0.8	-	-	-

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q