Apollo Global Management, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $3.49B | $4.58B | $5.05B | $-1.96B | $1.84B | $157.0M |
| Depreciation & Amortization | $1.43B | $1.08B | $803.0M | $529.0M | $27.0M | $19.0M |
| Depreciation | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — |
| Stock-Based Compensation | $789.0M | $721.0M | $1.03B | $540.0M | $1.18B | $213.0M |
| Net Cash from Operating Activities | $7.25B | $3.25B | $6.32B | $3.79B | $1.06B | $-1.62B |
| Investing Activities | ||||||
| Capital Expenditures | — | — | — | — | — | — |
| Business Acquisitions | $-99.0M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-63.97B | $-61.80B | $-42.41B | $-23.44B | $-1.55B | $-838.0M |
| Financing Activities | ||||||
| Dividends Paid | $1.20B | $1.09B | $1.01B | $962.0M | $517.0M | $550.0M |
| Stock Repurchases | $773.0M | $890.0M | $561.0M | $635.0M | $299.0M | $92.0M |
| Net Cash from Financing Activities | $60.20B | $57.97B | $42.64B | $28.71B | $109.0M | $3.30B |
| Net Change in Cash | $3.48B | $-579.0M | $6.56B | $9.04B | $-379.0M | $846.0M |
| Free Cash Flow | — | — | — | — | — | — |