Apollo Global Management (APO) FY2013 results: revenue $3.7 billion, up 30.5% on the year
Apollo Global Management, Inc. (APO) reported revenue of $3.7 billion for fiscal 2013, the year ended 31 December 2013, up 30.5% on the year before. Net income was $659 million, up 112.1%, and diluted earnings per share $4.03. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$3.7 billion
+30.5% on the year
FY2009FY2013
Operating margin
48.0%
28.4% a year earlier
FY2009FY2013
Net income
$659 million
+112.1% on the year
FY2009FY2013
Diluted EPS
$4.03
+95.6% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
3,734
2,860
172
+30.5%
Operating income
1,792
812
-1,411
+120.6%
Operating margin
48.0%
28.4%
-822.0%
Interest expense
29.3
37.1
40.9
-21.2%
Pre-tax income
2,482
3,113
-1,292
-20.3%
Income tax
108
65.4
11.9
+64.5%
Effective tax rate
4.3%
2.1%
n/a
Net income
659
311
-584
+112.1%
Net margin
17.7%
10.9%
-340.2%
Diluted EPS
$4.03
$2.06
-$4.18
+95.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,134
332
744
+242.1%
Capital expenditure
7.6
11.3
21.3
-32.7%
Free cash flow
1,127
320
723
+251.8%
Free cash flow margin
30.2%
11.2%
421.0%
Cash from investing
2.7
-151
-130
Cash from financing
-1,005
22.0
-252
Depreciation and amortisation
54.2
10.2
11.1
+430.4%
Share-based compensation
126
599
1,150
-78.9%
Buybacks
0.0
0.0
2.5
Dividends paid
584
202
103
+188.7%
Dividend per share
$3.95
$1.35
$0.83
+192.6%
Diluted shares, weighted
142m
130m
116m
+9.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,637
2,667
726
-1.1%
Non-controlling interest
4,051
3,037
1,922
+33.4%
Debt
750
738
739
+1.7%
Other liabilities
15,039
14,196
4,589
+5.9%
Total liabilities and equity
22,478
20,637
7,976
+8.9%
Fixed assets
40.3
53.5
52.7
-24.7%
Goodwill
49.2
48.9
48.9
+0.7%
Intangible assets
94.9
138
81.8
-31.1%
Cash and equivalents
1,078
946
739
+13.9%
Other assets
21,215
19,450
7,054
+9.1%
Total assets
22,478
20,637
7,976
+8.9%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.