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	2020 - 2016
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	2020 - 2016
Net Income	3,492	4,577	5,047	-1,961	1,839	Upgrade
Depreciation & Amortization, Total	1,431	1,075	803	529	27	Upgrade
Gain (Loss) On Sale of Investments	-3,674	-3,649	-1,992	6,020	-3,165	Upgrade
Stock-Based Compensation	789	721	1,026	540	1,181	Upgrade
Change in Other Net Operating Assets	5,995	1,259	3,155	2,801	1,859	Upgrade
Other Operating Activities	-787	-730	-1,717	-4,140	-677	Upgrade
Operating Cash Flow	7,246	3,253	6,322	3,789	1,064	Upgrade
Cash Acquisitions	99	-	-	10,420	-	Upgrade
Investment in Securities	-14,796	-27,410	-16,029	-17,628	-1,483	Upgrade
Other Investing Activities	-7,869	-6,223	-5,406	-3,285	-69	Upgrade
Investing Cash Flow	-63,972	-61,801	-42,407	-23,444	-1,552	Upgrade
Long-Term Debt Issued	7,218	7,945	4,912	5,745	1,334	Upgrade
Long-Term Debt Repaid	-4,644	-5,259	-3,780	-4,033	-1,968	Upgrade
Net Debt Issued (Repaid)	2,574	2,686	1,132	1,712	-634	Upgrade
Issuance of Common Stock	-	-	-	-	1,001	Upgrade
Repurchase of Common Stock	-773	-890	-561	-635	-299	Upgrade
Preferred Dividends Paid	-97	-97	-22	-	-37	Upgrade
Common Dividends Paid	-1,201	-1,092	-1,012	-962	-517	Upgrade
Dividends Paid	-1,298	-1,189	-1,034	-962	-554	Upgrade
Other Financing Activities	59,697	57,365	41,703	28,595	595	Upgrade
Financing Cash Flow	60,200	57,972	42,638	28,710	109	Upgrade
Foreign Exchange Rate Adjustments	5	-3	10	-15	-	Upgrade
Net Cash Flow	3,479	-579	6,563	9,040	-379	Upgrade
Free Cash Flow	7,246	3,253	6,322	3,789	1,064	Upgrade
Free Cash Flow Growth	122.75%	-48.55%	66.85%	256.11%	-	Upgrade
Free Cash Flow Margin	22.79%	12.57%	19.79%	34.94%	18.30%	Upgrade
Free Cash Flow Per Share	12.21	5.38	10.74	6.48	4.50	Upgrade
Cash Interest Paid	994	805	720	566	556	Upgrade
Cash Income Tax Paid	590	1,048	358	1,007	121	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.