Apollo Global Management (APO) FY2015 results: revenue $1.0 billion, down 33.2% on the year
Apollo Global Management, Inc. (APO) reported revenue of $1.0 billion for fiscal 2015, the year ended 31 December 2015, down 33.2% on the year before. Net income was $134 million, down 20.1%, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$1.0 billion
-33.2% on the year
FY2009FY2015
Operating margin
20.2%
33.1% a year earlier
FY2009FY2015
Net income
$134 million
-20.1% on the year
FY2009FY2015
Diluted EPS
$0.61
-1.6% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,042
1,560
3,734
-33.2%
Operating income
211
517
1,792
-59.2%
Operating margin
20.2%
33.1%
48.0%
Interest expense
30.1
22.4
29.3
+34.3%
Pre-tax income
377
877
2,482
-57.0%
Income tax
26.7
147
108
-81.8%
Effective tax rate
7.1%
16.8%
4.3%
Net income
134
168
659
-20.1%
Net margin
12.9%
10.8%
17.7%
Diluted EPS
$0.61
$0.62
$4.03
-1.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
583
-373
1,134
Capital expenditure
6.2
5.9
7.6
+4.3%
Free cash flow
576
-379
1,127
Free cash flow margin
55.3%
-24.3%
30.2%
Cash from investing
-203
13.4
2.7
Cash from financing
-968
486
-1,005
Depreciation and amortisation
44.5
45.1
54.2
-1.3%
Share-based compensation
97.7
126
126
-22.7%
Buybacks
3.1
0.0
0.0
Dividends paid
354
506
584
-30.0%
Dividend per share
$1.96
$3.11
$3.95
-37.0%
Diluted shares, weighted
173m
155m
142m
+11.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
650
1,786
2,637
-63.6%
Non-controlling interest
739
4,157
4,051
-82.2%
Debt
1,025
1,028
750
-0.3%
Other liabilities
2,146
16,207
15,039
-86.8%
Total liabilities and equity
4,560
23,179
22,478
-80.3%
Fixed assets
31.6
35.9
40.3
-11.9%
Goodwill
88.9
49.2
49.2
+80.4%
Intangible assets
28.6
60.0
94.9
-52.3%
Cash and equivalents
613
1,204
1,078
-49.1%
Other assets
3,798
21,830
21,215
-82.6%
Total assets
4,560
23,179
22,478
-80.3%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.