Apollo Global Management Investor Day Presentation Deck
Reconciliation of GAAP to Non-GAAP Financial Measures
APOLLO
($ in thousands, except where noted)
Net Income (Loss) Attributable to AGM Class A Common Stockholders
Preferred dividends
Net income (loss) attributable to Non-Controlling Interests in consolidated entities
Net income (loss) attributable to Non-Controlling Interests in the Apollo Operating Group
GAAP Net Income
Income tax provision (benefit)
GAAP Income Before Income Tax Provision (Benefit)
Transaction related charges¹
Charges associated with corporate conversion
(Gains) losses from remeasurement of tax receivable agreement liability
Net (income) loss attributable to Non-Controlling Interests in consolidated entities
Unrealized performance fees
Unrealized profit sharing expense
Equity-based profit sharing expense and other²
Equity-based compensation
Unrealized principal investment (income) loss
Unrealized net (gains) losses from investment activities and other
Segment Distributable Earnings
Taxes and related payables
Preferred dividends
Distributable Earnings
Preferred dividends
FY' 16
$402,850
5,789
561,668
$970,307
90,707
$1,061,014
55,302
(3,208)
(5,789)
(510,999)
179,857
3,127
63,081
(65,401)
(138,980)
$638,004
(9,635)
$628,369
9,635
(251,946)
136,793
(37,180)
44,203
$529,874
FY'17
$615,566
13,538
8,891
805,644
$1,443,639
325,945
$1,769,584
17,496
(200,240)
(8,891)
(688,565)
226,319
6,980
64,954
(94,709)
(96,105)
$996,823
(26,337)
(13,538)
$956,948
13,538
26,337
FY'18
(631,359)
278,838
(68,242)
48,353
$624,413
($42,038)
31,662
31,648
(2,021)
$19,251
86,021
$105,272
(5,631)
(35,405)
(31,648)
782,888
(274,812)
91,051
68,229
62,097
191,438
$953,479
(44,215)
(31,662)
$877,602
31,662
44,215
FY'19
(380,188)
225,629
(69,711)
42,030
$771,239
$806,537
36,656
30,504
663,146
$1,536,843
(128,994)
$1,407,849
49,213
21,987
50,307
(30,504)
(434,582)
207,592
96,208
70,962
(88,576)
(136,029)
$1,214,427
(62,300)
(36,656)
$1,115,471
36,656
62,300
FY'20
(602,106)
290,252
(65,697)
65,326
$902,202
$119,958
36,656
118,378
191,810
$466,802
86,966
$553,768
39,186
3,893
(12,426)
(118,378)
(34,796)
33,350
129,084
67,852
(62,485)
420,432
$1,019,480
(89,989)
(36,656)
$892,835
36,656
89,989
Taxes and related payables
Realized performance fees
Realized profit sharing expense
Realized principal investment income, net
Net interest loss and other
Fee Related Earnings
1. Transaction-related charges include equity-based compensation charges, the amortization of intangible assets, contingent consideration and certain other charges associated with acquisitions, and restructuring charges.
2. Equity-based profit sharing expense and other includes certain profit sharing arrangements in which a portion of performance fees distributed to the general partner are allocated by issuance of equity-based awards, rather than cash, to employees of Apollo. Equity-based profit sharing expense and other also includes
non-cash expenses related to equity awards granted by unconsolidated related parties to employees of Apollo.
APOLLO INVESTOR DAY 2021
Q2'21 LTM
(280,923)
190,307
(22,851)
134,514
$1,040,527
$2,006,465
36,655
428,573
2,303,830
$4,775,523
639,793
$5,415,316
80,141
2,829
(14,367)
(428,573)
(2,497,570)
1,060,979
117,997
71,684
(529,338)
(1,805,861)
$1,473,237
(118,717)
(36,655)
$1,317,865
36,655
118,717
(779,850)
418,033
(108,824)
138,896
$1,141,492View entire presentation