Apollo Global Management (APO) FY2018 results: revenue $1.1 billion, down 60.6% on the year
Apollo Global Management, Inc. (APO) reported revenue of $1.1 billion for fiscal 2018, the year ended 31 December 2018, down 60.6% on the year before. Net income was -$10 million, and diluted earnings per share $-0.30. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.1 billion
-60.6% on the year
FY2011FY2018
Operating margin
17.4%
50.9% a year earlier
FY2011FY2018
Net income
-$10 million
FY2011FY2018
Diluted EPS
-$0.30
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,093
2,772
2,074
-60.6%
Operating income
190
1,412
908
-86.5%
Operating margin
17.4%
50.9%
43.8%
Interest expense
59.4
52.9
43.5
+12.3%
Pre-tax income
105
1,770
1,061
-94.1%
Income tax
86.0
326
90.7
-73.6%
Effective tax rate
81.7%
18.4%
8.5%
Net income
-10.4
629
403
Net margin
-0.9%
22.7%
19.4%
Diluted EPS
-$0.30
$3.10
$2.11
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
814
860
600
-5.3%
Capital expenditure
14.7
8.5
6.4
+72.8%
Free cash flow
800
851
593
-6.1%
Free cash flow margin
73.1%
30.7%
28.6%
Cash from investing
-247
-417
-184
Cash from financing
-752
-454
-236
Depreciation and amortisation
15.2
18.4
18.7
-17.1%
Share-based compensation
173
91.5
103
+89.4%
Buybacks
90.9
18.5
13.4
+392.4%
Dividends paid
407
367
239
+11.0%
Dividend per share
$1.93
$1.85
$1.25
+4.3%
Diluted shares, weighted
200m
193m
184m
+3.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,376
1,463
835
-5.9%
Non-controlling interest
1,076
1,435
1,032
-25.0%
Debt
1,360
1,362
1,352
-0.1%
Other liabilities
2,179
2,731
2,410
-20.2%
Total liabilities and equity
5,992
6,991
5,630
-14.3%
Fixed assets
20.0
19.2
25.2
+4.2%
Goodwill
88.9
88.9
88.9
0.0%
Intangible assets
18.9
18.8
22.7
+0.3%
Cash and equivalents
610
751
814
-18.8%
Other assets
5,254
6,113
4,679
-14.0%
Total assets
5,992
6,991
5,630
-14.3%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.