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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Premiums $ 101 $ 96
Total Revenues 7,040 5,301
Expenses    
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 207 138
Total Expenses 4,891 3,574
Other income (loss) – Asset Management    
Income (loss) before income tax (provision) benefit 2,187 1,791
Income tax (provision) benefit (422) (253)
Net income (loss) 1,765 1,538
Net (income) loss attributable to non-controlling interests (338) (528)
Net income (loss) attributable to Apollo Global Management, Inc. 1,427 1,010
Preferred stock dividends (24) 0
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, basic 1,403 1,010
Net income (loss) attributable to Apollo Global Management, Inc. common stockholders, diluted $ 1,403 $ 1,010
Earnings (loss) per share    
Net income (loss) attributable to common stockholders - Basic (in dollars per share) $ 2.31 $ 1.67
Net income (loss) attributable to common stockholders - Diluted (in dollars per share) $ 2.28 $ 1.66
Weighted average shares outstanding    
Weighted average shares outstanding – Basic (in shares) 588,120,328 584,115,927
Weighted average shares outstanding – Diluted (in shares) 605,378,709 584,242,571
Management fees    
Revenues    
Revenues $ 438 $ 414
Advisory and transaction fees, net    
Revenues    
Revenues 169 155
Incentive fees    
Revenues    
Revenues 26 15
Asset Management    
Revenues    
Investment income (loss) 402 452
Total Revenues 1,035 1,036
Expenses    
Compensation and benefits 667 670
Interest expense 51 31
General, administrative and other 240 197
Total Expenses 958 898
Other income (loss) – Asset Management    
Other income (loss), net (26) 32
Total Other income (loss) 38 64
Asset Management | Consolidated Entity, Excluding VIE    
Revenues    
Investment related gains (losses) 39 (2)
Asset Management | VIE, Primary Beneficiary    
Revenues    
Investment related gains (losses) 25 34
Expenses    
Interest expense 25 29
Retirement Services    
Revenues    
Investment income (loss) 3,576 2,612
Premiums 101 96
Product charges 238 198
Investment related gains (losses) 1,677 1,065
Revenues of consolidated variable interest entities 411 281
Other revenues 2 13
Total Revenues 6,005 4,265
Expenses    
Interest sensitive contract benefits 2,884 1,289
Future policy and other policy benefits 543 466
Market risk benefits remeasurement (gains) losses (154) 346
Amortization of deferred acquisition costs, deferred sales inducements and value of business acquired 207 138
Policy and other operating expenses 453 437
Total Expenses 3,933 2,676
Retirement Services | VIE, Primary Beneficiary    
Revenues    
Investment income (loss) 81 82
Investment related gains (losses) 330 199
Total Revenues $ 411 $ 281