Apollo Global Management (APO) FY2021 results: revenue $6.0 billion, up 152.8% on the year
Apollo Global Management, Inc. (APO) reported revenue of $6.0 billion for fiscal 2021, the year ended 31 December 2021, up 152.8% on the year before. Net income was $1.8 billion, up 1071.0%, and diluted earnings per share $7.32. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$6.0 billion
+152.8% on the year
FY2014FY2021
Operating margin
30.9%
33.0% a year earlier
FY2014FY2021
Net income
$1.8 billion
+1,071.0% on the year
FY2014FY2021
Diluted EPS
$7.32
+1,563.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,064
-1,616
1,083
Capital expenditure
64.7
59.6
39.5
+8.7%
Free cash flow
999
-1,676
1,043
Free cash flow margin
16.8%
-71.2%
35.6%
Cash from investing
-1,552
-838
-264
Cash from financing
109
3,299
140
-96.7%
Depreciation and amortisation
27.0
19.0
15.8
+42.1%
Share-based compensation
1,181
213
190
+453.9%
Buybacks
299
92.0
111
+225.4%
Dividends paid
517
550
435
-5.9%
Dividend per share
$2.10
$2.31
$2.02
-9.1%
Diluted shares, weighted
237m
228m
n/a
+4.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,789
1,429
1,852
+165.1%
Non-controlling interest
6,405
4,084
1,186
+56.8%
Redeemable equity
1,770
783
0.0
+126.1%
Debt
3,134
3,155
2,651
-0.7%
Other liabilities
15,403
14,218
2,853
+8.3%
Total liabilities and equity
30,502
23,669
8,542
+28.9%
Fixed assets
126
80.0
42.0
+57.7%
Goodwill
117
117
93.9
0.0%
Intangible assets
14.8
23.6
20.6
-37.1%
Cash and equivalents
917
1,556
1,556
-41.0%
Other assets
29,327
21,893
6,829
+34.0%
Total assets
30,502
23,669
8,542
+28.9%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.