8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

August 9, 2016

Date of Report (Date of earliest event reported)

Apollo Global Management, LLC

(Exact name of registrant as specified in its charter)

Delaware	001-35107	20-8880053
(State of Incorporation)	(Commission File Number)	(IRS Employer
		Identification Number)
	9 West 57th Street, 43rd Floor
	New York, New York 10019
	(Address of principal executive offices) (Zip Code)

(212) 515-3200

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On August 9, 2016, Apollo Global Management, LLC (the “Company”) filed its quarterly report on Form 10-Q as of and for the three and six month period ended June 30, 2016.  Pursuant to that certain indenture, dated as of May 30, 2014, as supplemented, among Apollo Management Holdings, L.P. (“AMH”), the guarantors party thereto (collectively with AMH, the “Credit Parties”) and Wells Fargo Bank, National Association, as trustee, attached as Exhibit 99.1 is a copy of the unaudited reconciliation indicating the differences between the financial information of the Company and the financial information of the Credit Parties and their subsidiaries on a combined and consolidated basis, taken as a whole.

The information included in this Current Report on Form 8-K (including the exhibit hereto) is being furnished under Item 7.01, “Regulation FD Disclosure” and Item 9.01 “Financial Statements and Exhibits” of Form 8-K.  As such, the information (including the exhibit) herein shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01  Financial Statements and Exhibits.

(d)       Exhibits

Exhibit No.	Description
99.1	Unaudited reconciliation of financial data.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	APOLLO GLOBAL MANAGEMENT, LLC
Date:  August 9, 2016	By:	/s/ Chris Weidler
		Chris Weidler
		Chief Accounting Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Unaudited reconciliation of financial data.

EX-99.1

EXHIBIT 99.1

UNAUDITED RECONCILIATION OF FINANCIAL DATA

The following tables present the historical unaudited financial information for the Apollo Operating Group as of and for the three and six months ended June 30, 2016. The Apollo Operating Group does not report audited or unaudited financial information on a stand-alone basis. Accordingly, the financial data presented herein for the Apollo Operating Group has been reconciled to Apollo Global Management, LLC’s financial statements for the relevant periods.

	As of June 30, 2016
	Total Apollo Operating Group Consolidated			VIE & Consolidated Funds			Other (1)			Total Apollo Global Management, LLC Consolidated
Statement of Financial Data	(dollars in thousands)
Assets:
Cash and cash equivalents	$	854,427		$	-		$	4,578		$	859,005
Cash and cash equivalents held at consolidated funds		-			4,991			-			4,991
Restricted cash		5,269			-			-			5,269
Investments		1,396,200			27,139			(98,787	)		1,324,552
Assets of consolidated variable interest entities:
Cash and cash equivalents		-			28,246			-			28,246
Investments, at fair value		-			960,090			(299	)		959,791
Other assets		-			33,917			-			33,917
Carried interest receivable		815,751			-			-			815,751
Due from affiliates		568,358			-			(275,796	)		292,562
Deferred tax assets		11,623			-			610,586			622,209
Other assets		95,227			5,670			(183	)		100,714
Goodwill		88,852			-			-			88,852
Intangible assets, net		26,372			-			-			26,372
Total Assets	$	3,862,079		$	1,060,053		$	240,099		$	5,162,231
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	116,814		$	-		$	-		$	116,814
Accrued compensation and benefits		90,399			-			-			90,399
Deferred revenue		158,461			-			-			158,461
Due to affiliates		121,967			-			507,173			629,140
Profit sharing payable		378,599			-			-			378,599
Debt		1,355,521			-			-			1,355,521
Liabilities of consolidated variable interest entities:
Debt, at fair value		-			864,575			(42,776	)		821,799
Other liabilities		-			46,682			(227	)		46,455
Due to affiliates		-			1,144			(1,144	)		-
Other liabilities		45,009			5,323			-			50,332
Total Liabilities		2,266,770			917,724			463,026			3,647,520
Shareholders’ Equity:
Apollo Global Management, LLC shareholders’ Equity:
Additional paid in capital		-			-			1,928,962			1,928,962
Accumulated deficit		859,568			35,420			(2,131,665	)		(1,236,677	)
Accumulated other comprehensive income (loss)		(5,692	)		(1,992	)		709			(6,975	)
Total Apollo Global Management, LLC shareholders’ equity		853,876			33,428			(201,994	)		685,310
Non-Controlling Interests in consolidated entities		7,657			108,901			(20,933	)		95,625
Non-Controlling Interests in Apollo Operating Group		733,776			-			-			733,776
Total Shareholders’ Equity		1,595,309			142,329			(222,927	)		1,514,711
Total Liabilities and Shareholders’ Equity	$	3,862,079		$	1,060,053		$	240,099		$	5,162,231

(1) Includes eliminations for VIE and Fund consolidation and entities not included in the Apollo Operating Group.

	For the Six Months Ended June 30, 2016
	Total Apollo Operating Group Consolidated			VIE & Consolidated Funds			Other (1)			Total Apollo Global Management, LLC Consolidated
	(dollars in thousands)
Statement of Operating Data
Revenues:
Advisory and transaction fees from affiliates, net	$	72,898		$	-		$	-		$	72,898
Management fees from affiliates		502,721			(49	)		(1,814	)		500,858
Carried Interest income from affiliates		207,517			-			-			207,517
Total Revenues		783,136			(49	)		(1,814	)		781,273
Expenses:
Compensation and benefits:
Salary, bonus and benefits		197,422			-			-			197,422
Equity-based compensation		48,040			-			-			48,040
Profit sharing expense		89,615			-			-			89,615
Total Compensation and Benefits		335,077			-			-			335,077
Interest expense		17,673			-			-			17,673
General, administrative and other		60,439			109			19			60,567
Professional fees		39,139			-			-			39,139
Occupancy		19,520			-			-			19,520
Placement fees		3,828			-			-			3,828
Depreciation and amortization		9,493			-			-			9,493
Total Expenses		485,169			109			19			485,297
Other  Income:
Net gains from Investment activities		32,000			541			-			32,541
Net gains (loss) from Investment activities of consolidated variable interest entities		-			(591	)		2,608			2,017
Income from equity method investments		42,095			-			(952	)		41,143
Interest income		1,944			730			(793	)		1,881
Other income, net		525			-			-			525
Total Other Income		76,564			680			863			78,107
Income before income tax provision		374,531			522			(970	)		374,083
Income Tax provision		(7,296	)		-			(25,545	)		(32,841	)
Net Income		367,235			522			(26,515	)		341,242
Net Income (loss) attributable to Non-controlling Interests		(200,408	)		430			-			(199,978	)
Net Income Attributable to Apollo Global Management, LLC	$	166,827		$	952		$	(26,515	)	$	141,264

(1) Includes eliminations for VIE and Fund consolidation and entities not included in the Apollo Operating Group.

	For the Three Months Ended June 30, 2016
	Total Apollo Operating Group Consolidated			VIE & Consolidated Funds			Other (1)			Total Apollo Global Management, LLC Consolidated
	(dollars in thousands)
Statement of Operating Data
Revenues:
Advisory and transaction fees from affiliates, net	$	64,899		$	-		$	-		$	64,899
Management fees from affiliates		268,274			(18	)		(1,193	)		267,063
Carried Interest income from affiliates		328,485			-			-			328,485
Total Revenues		661,658			(18	)		(1,193	)		660,447
Expenses:
Compensation and benefits:
Salary, bonus and benefits		100,188			-			-			100,188
Equity-based compensation		34,038			-			-			34,038
Profit sharing expense		127,220			-			-			127,220
Total Compensation and Benefits		261,446			-			-			261,446
Interest expense		9,800			-			-			9,800
General, administrative and other		32,748			75			-			32,823
Professional fees		22,705			-			-			22,705
Occupancy		9,698			-			-			9,698
Placement fees		2,064			-			-			2,064
Depreciation and amortization		4,862			-			-			4,862
Total Expenses		343,323			75			-			343,398
Other  Income:
Net gains from Investment activities		88,498			512			-			89,010
Net gains (loss) from Investment activities of consolidated variable interest entities		-			(528	)		1,226			698
Income from equity method investments		45,623			-			(663	)		44,960
Interest income		938			391			(33	)		1,296
Other income, net		778			-			-			778
Total Other Income		135,837			375			530			136,742
Income before income tax provision		454,172			282			(663	)		453,791
Income Tax provision		(8,247	)		-			(29,741	)		(37,988	)
Net Income		445,925			282			(30,404	)		415,803
Net Income (loss) attributable to Non-controlling Interests		(242,093	)		382			-			(241,711	)
Net Income Attributable to Apollo Global Management, LLC	$	203,832		$	664		$	(30,404	)	$	174,092

(1) Includes eliminations for VIE and Fund consolidation and entities not included in the Apollo Operating Group.