Apollo Global Management (APO) FY2016 results: revenue $2.1 billion, up 99.1% on the year
Apollo Global Management, Inc. (APO) reported revenue of $2.1 billion for fiscal 2016, the year ended 31 December 2016, up 99.1% on the year before. Net income was $403 million, up 199.5%, and diluted earnings per share $2.11. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2017.
Revenue
$2.1 billion
+99.1% on the year
FY2009FY2016
Operating margin
43.8%
20.2% a year earlier
FY2009FY2016
Net income
$403 million
+199.5% on the year
FY2009FY2016
Diluted EPS
$2.11
+245.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
2,074
1,042
1,560
+99.1%
Operating income
908
211
517
+330.8%
Operating margin
43.8%
20.2%
33.1%
Interest expense
43.5
30.1
22.4
+44.6%
Pre-tax income
1,061
377
877
+181.3%
Income tax
90.7
26.7
147
+239.3%
Effective tax rate
8.5%
7.1%
16.8%
Net income
403
134
168
+199.5%
Net margin
19.4%
12.9%
10.8%
Diluted EPS
$2.11
$0.61
$0.62
+245.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
600
583
-373
+2.9%
Capital expenditure
6.4
6.2
5.9
+2.5%
Free cash flow
593
576
-379
+2.9%
Free cash flow margin
28.6%
55.3%
-24.3%
Cash from investing
-184
-203
13.4
Cash from financing
-236
-968
486
Depreciation and amortisation
18.7
44.5
45.1
-57.9%
Share-based compensation
103
97.7
126
+5.4%
Buybacks
13.4
3.1
0.0
+328.8%
Dividends paid
239
354
506
-32.5%
Dividend per share
$1.25
$1.96
$3.11
-36.2%
Diluted shares, weighted
184m
173m
155m
+6.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
835
650
1,786
+28.6%
Non-controlling interest
1,032
739
4,157
+39.6%
Debt
1,352
1,025
1,028
+31.9%
Other liabilities
2,410
2,146
16,207
+12.3%
Total liabilities and equity
5,630
4,560
23,179
+23.5%
Fixed assets
25.2
31.6
35.9
-20.5%
Goodwill
88.9
88.9
49.2
0.0%
Intangible assets
22.7
28.6
60.0
-20.6%
Cash and equivalents
814
613
1,204
+32.8%
Other assets
4,679
3,798
21,830
+23.2%
Total assets
5,630
4,560
23,179
+23.5%
10-K for the year ended 31 December 2016, filed 13 February 2017: the filing.