Apollo Global Management (APO) FY2023 results: revenue $32.6 billion, up 197.6% on the year
Apollo Global Management, Inc. (APO) reported revenue of $32.6 billion for fiscal 2023, the year ended 31 December 2023, up 197.6% on the year before. Net income was $5.0 billion, and diluted earnings per share $8.28. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$32.6 billion
+197.6% on the year
FY2016FY2023
Operating margin
16.3%
-45.1% a year earlier
FY2016FY2023
Net income
$5.0 billion
FY2016FY2023
Diluted EPS
$8.28
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
6,322
3,789
1,064
+66.9%
Capital expenditure
n/a
n/a
64.7
Free cash flow
n/a
n/a
999
Free cash flow margin
n/a
n/a
16.8%
Cash from investing
-42,407
-23,444
-1,552
Cash from financing
42,638
28,710
109
+48.5%
Depreciation and amortisation
803
529
27.0
+51.8%
Share-based compensation
1,026
540
1,181
+90.0%
Buybacks
561
635
299
-11.7%
Dividends paid
1,012
962
517
+5.2%
Dividend per share
$1.69
$1.60
$2.10
+5.6%
Diluted shares, weighted
589m
585m
237m
+0.7%
Shares outstanding at period end
568m
570m
n/a
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
14,044
6,640
3,789
+111.5%
Non-controlling interest
11,189
7,726
6,405
+44.8%
Redeemable equity
12.0
1,032
1,770
-98.8%
Debt
8,092
6,472
3,134
+25.0%
Other liabilities
280,151
235,347
15,403
+19.0%
Total liabilities and equity
313,488
257,217
30,502
+21.9%
Fixed assets
n/a
n/a
126
Goodwill
4,329
4,322
117
+0.2%
Intangible assets
n/a
n/a
14.8
Securities held for sale or to maturity
148,347
112,225
n/a
+32.2%
Cash and equivalents
17,691
8,980
917
+97.0%
Other assets
143,121
131,690
29,327
+8.7%
Total assets
313,488
257,217
30,502
+21.9%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.