For the quarter ending 2025-09-30, APO had $6,230M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income (loss) | 2,461 | 842 | 938 | 1,662 |
| Equity-based compensation | 208 | 166 | 149 | 243 |
| Net investment income | 343 | 406 | 370 | 349 |
| Net recognized (gains) losses on investments and derivatives | 2,803 | 257 | -306 | -81 |
| Depreciation and amortization | 400 | 332 | 308 | 296 |
| Net amortization (accretion) of net investment premiums, discount and other | 45 | 48 | 42 | 76 |
| Policy acquisition costs deferred | -536 | -442 | -515 | -316 |
| Other non-cash amounts included in net income (loss), net | -129 | 72 | -300 | 118 |
| Changes in consolidation | 0 | 0 | 23 | 0 |
| Purchases of investments by funds and vies | 2,835 | 848 | 871 | 755 |
| Proceeds from sale of investments by funds and vies | -833 | -474 | -1,191 | 24 |
| Interest sensitive contract liabilities | 2,890 | 2,458 | 519 | 729 |
| Future policy benefits, market risk benefits and reinsurance recoverable | -448 | -784 | -289 | -834 |
| Other assets and liabilities, net | -392 | 153 | 589 | 543 |
| Net cash provided by operating activities | 303 | 1,262 | 1,012 | -4 |
| Purchases of investments and contributions to equity method investments | 1,678 | 2,977 | 1,336 | 433 |
| Purchases of available-for-sale securities | 23,540 | 23,128 | 24,317 | 17,110 |
| Purchases of mortgage loans | 8,198 | 8,766 | 9,013 | 8,849 |
| Purchases of investment funds | 841 | 879 | 714 | 938 |
| Purchases of u.s. treasury securities | 7 | 0 | 444 | 0 |
| Purchases of derivatives instruments and other investments | 2,436 | 1,595 | 942 | 2,187 |
| Sales, maturities and repayments of investments and distributions from equity method investments | 23,509 | 18,884 | 18,976 | 14,337 |
| Cash acquired through merger | - | - | - | 0 |
| Acquisition of subsidiaries, net of cash acquired | -99 | - | - | - |
| Other investing activities, net | 145 | 1,168 | -902 | 1,070 |
| Net cash used in investing activities | -13,237 | -19,629 | -16,888 | -16,250 |
| Issuance of debt | 2,070 | 2,338 | 294 | 1,821 |
| Repayment of debt | 914 | 467 | 818 | 765 |
| Redemption of subsidiary equity interests | - | - | - | 0 |
| Repurchase of common stock | 340 | 0 | 193 | 102 |
| Common stock dividends | 306 | 306 | 278 | 277 |
| Preferred stock dividends | 24 | 25 | 24 | 24 |
| Distributions paid to non-controlling interests | 285 | 820 | 210 | 440 |
| Contributions from non-controlling interests | 1,006 | 584 | 607 | 656 |
| Distributions to redeemable non-controlling interests | - | - | - | 0 |
| Issuance of mandatory convertible preferred stock, net of issuance costs | - | - | - | 0 |
| Deposits on investment-type policies and contracts | 23,296 | 20,667 | 25,306 | 14,310 |
| Withdrawals on investment-type policies and contracts | 7,217 | 4,356 | 5,248 | 3,065 |
| Subsidiary issuance of equity interests to non-controlling interests | - | - | - | 0 |
| Net change in cash collateral posted for derivative transactions and securities to repurchase | -1,806 | -7 | 4,399 | -3,700 |
| Other financing activities, net | 72 | 193 | -763 | -69 |
| Net cash provided by financing activities | 19,164 | 17,815 | 14,274 | 15,745 |
| Effect of exchange rate changes on cash and cash equivalents | 0 | 10 | 3 | -6 |
| Net increase (decrease) in cash and cash equivalents, restricted cash and cash held at consolidated variable interest entities | 6,230 | -542 | -1,599 | -515 |
| Cash and cash equivalents at beginning of period | 14,971 | 15,513 | 17,112 | 17,627 |
| Cash and cash equivalents at end of period | 21,201 | 14,971 | 15,513 | 17,112 |
Apollo Global Management, Inc. (APO)
Apollo Global Management, Inc. (APO)