Financial Statements

Apollo Global Management, Inc. (APO)

$113.58

-0.31 (-0.27%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Operating Cash Flow 6,602,0003,789,0001,064,046-1,616,4301,082,694
Net Income 4,881,000-4,746,0004,267,895466,8021,536,843
Depreciation & Amortization 803,000594,00027,33018,82815,758
Deferred income taxes -2,632,000107,591464,72623,620-95,125
Stock-based compensation 1,026,000540,0001,180,663213,140189,648
Change in working capital 3,435,0007,119,000966,636-308,053188,674
Other non-cash items -911,000174,409-5,843,204-2,030,767-753,104
Investing Cash Flow -39,824,000-23,444,000-1,551,675-837,659-263,972
Investments in PPE -24,402,000-202,525-64,738-59,562-39,495
Acquisitions 24,402,00030,303,000-366,778-168,512-186,985
Investment purchases -77,434,000-63,890,000-5,148,423-2,440,663-556,578
Sales/Maturities of investments 37,379,00038,290,0003,709,4511,620,212394,078
Other Investing Activites 231,000-27,944,475318,813210,866125,008
Financing Cash Flow 39,775,00028,710,000109,4323,299,310139,713
Debt repayment -1,132,000-4,033,000-1,967,701-953,015-388,871
Dividends payments -1,034,000-962,000-553,962-586,188-471,930
Common Stock Repurchased -561,000-635,000-299,352-91,617-110,726
Common Stock Issuance 1,398,000-1,035,0004,231,0931,646,194
Other Financing Activites 41,104,00034,340,0001,895,447699,037-534,954
Accounts receivables --995-2,8174,378
Accounts payables -22,14325,07225,61823,486
Inventory --491,43443,889191,495
Other working capital 3,435,0007,096,857449,135-374,743-30,685
Cash at beginning of period 11,128,0002,088,0002,466,5311,621,310662,875
Cash at end of period 17,691,00011,128,0002,088,3342,466,5311,621,310
Capital Expenditure -24,402,000-202,525-64,738-59,562-39,495
Effect of forex changes on cash 10,000-15,000---
Net cash flow / Change in cash 6,563,0009,040,000-378,197845,221958,435
Free Cash Flow -17,800,0003,586,475999,308-1,675,9921,043,199

Apollo Global Management, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Apollo Global Management, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.