Apollo Global Management (APO) 10-K Summary — Year Ended Dec 31, 2023
Apollo Global Management filed its annual report covering the fiscal year. The filing discusses the company's business, risk factors, and financial results.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Apollo Global Management filed its annual report covering the fiscal year. The filing discusses the company's business, risk factors, and financial results.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$32.6B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$5B
Net income reported for the year.
Operating cash flow
$6.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $11B | n/a |
| Mar 31, 2023 | $5.3B | -51.7% |
| Dec 31, 2023 | $32.6B | +515.8% |
Business overview
The filing references the company's business overview but does not provide a detailed description. Based on the context, the company manages investment funds and operates an insurance business through Athene, as indicated in the risk factors and forward-looking statements.
Financial performance
Revenue for the most recent annual period was substantially higher than the prior year. Net income and operating cash flow were reported as positive amounts.
Material risks
Material risks include inflation, interest rate fluctuations, market conditions, energy market dislocation, competition, and the performance of managed funds. The company also faces risks related to its use of leverage, dependence on key personnel, and the financial strength ratings of its insurance subsidiary Athene, as well as the ability of reinsurers to meet obligations.
Liquidity and capital
The management discussion and analysis includes a section on liquidity and capital resources, though the filing does not provide specific details on capital allocation themes.
What to watch
Monitor the performance of the company's managed funds and any changes in Athene's financial strength ratings, as these are key risk factors mentioned in the filing.