AAM · Apollo Asset Management, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $3.55B | $5.95B | $2.35B | $2.93B | $1.09B | $2.61B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $648.06M | $477.00M | $354.22M | $330.34M | $266.44M | $257.86M |
| Total Operating Expenses | $2.72B | $4.11B | $1.58B | $1.69B | $902.94M | $1.36B |
| D&A | $85.25M | $27.33M | $18.83M | $15.76M | $15.23M | $18.38M |
| Operating Income | $2.20B | $553.77M | $553.77M | $1.41B | $105.27M | $1.77B |
| Interest Expense | $130.51M | $139.09M | $133.24M | $98.37M | $59.37M | $52.87M |
| Income Tax | $209.92M | $594.38M | $86.97M | ($128.99M) | $86.02M | $325.94M |
| Net Income | $933.87M | $1.84B | $156.61M | $843.19M | ($10.38M) | $629.10M |
| EPS - Basic | - | - | - | - | ($0.30) | $2.11 |
| EPS - Diluted | - | - | - | - | ($0.30) | $3.10 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.20B | $917.18M | $1.56B | $1.56B | $813.66M | - |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $13.79B | $30.50B | $23.67B | $8.54B | $5.99B | $6.99B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.81B | $3.13B | $3.16B | $2.65B | $1.36B | $1.36B |
| Total Liabilities | $9.30B | $18.54B | $17.37B | $5.50B | $3.54B | $4.09B |
| Stockholders' Equity | $1.85B | $3.79B | $1.43B | $1.85B | $1.38B | $1.46B |
| Retained Earnings | $0 | $1.14B | $0 | - | ($473.28M) | ($379.46M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.83B) | $1.06B | ($1.62B) | $1.08B | $814.26M | $808.26M |
| Investing Cash Flow | $498.47M | ($1.55B) | ($837.66M) | ($263.97M) | ($247.26M) | ($417.01M) |
| Financing Cash Flow | $2.60B | $109.43M | $3.30B | $139.71M | ($752.18M) | ($453.63M) |
| CapEx | $202.53M | $64.74M | $59.56M | $39.49M | $14.74M | $8.53M |
| Free Cash Flow | ($3.03B) | $999.31M | ($1.68B) | $1.04B | $799.52M | $799.73M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 62.1% | 9.3% | 23.5% | 48.0% | 9.6% | 67.8% |
| EBITDA margin | 64.5% | 9.8% | 24.3% | 48.6% | 11.0% | 68.5% |
| Net margin | 26.3% | 30.9% | 6.7% | 28.8% | -0.9% | 24.1% |
| Free cash flow margin | -85.3% | 16.8% | -71.2% | 35.6% | 73.1% | 30.6% |
| FCF / Net income | -3.24 | 0.54 | -10.70 | 1.24 | -77.05 | 1.27 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 18.2% | 8.0% | 15.0% | 11.3% | 24.4% | 9.9% |
| Effective tax rate | 18.4% | 24.4% | 35.7% | -18.1% | 113.7% | 34.1% |
| Return on assets | 6.8% | 6.0% | 0.7% | 9.9% | -0.2% | 9.0% |
| Return on equity | 50.5% | 48.5% | 11.0% | 45.5% | -0.8% | 43.0% |
| Return on invested capital | 38.6% | 6.0% | 7.8% | 31.3% | 1.9% | 41.3% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 1.52 | 0.83 | 2.21 | 1.43 | 0.99 | 0.93 |
| Debt / Assets | 0.20 | 0.10 | 0.13 | 0.31 | 0.23 | 0.19 |
| Debt / EBITDA | 1.23 | 5.39 | 5.51 | 1.86 | 11.29 | 0.76 |
| Interest coverage | 16.9x | 4.0x | 4.2x | 14.3x | 1.8x | 33.5x |
| Equity multiplier | 7.46 | 8.05 | 16.56 | 4.61 | 4.35 | 4.78 |
| Liabilities / Assets | 0.67 | 0.61 | 0.73 | 0.64 | 0.59 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 0.26 | 0.20 | 0.10 | 0.34 | 0.18 | 0.37 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -40.3% | 152.8% | -19.7% | 168.2% | -58.1% | 32.5% |
| Revenue CAGR (3y) | 6.6% | 75.9% | -3.4% | 14.2% | 1.6% | 18.7% |
| Revenue CAGR (5y) | 6.4% | 24.7% | 17.7% | 13.4% | -21.8% | -1.8% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 298.0% | 0.0% | -60.7% | 1237.3% | -94.1% | 66.8% |
| Net income growth (YoY) | -49.2% | 1073.9% | -81.4% | - | - | 56.2% |
| EPS growth (YoY) | - | - | - | - | - | 46.9% |
| EPS CAGR (3y) | - | - | - | - | - | 71.0% |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 30.5% | -0.0% | 31.3% |
| FCF CAGR (5y) | - | 10.4% | - | - | -4.7% | 25.8% |
| Book value growth (YoY) | -51.2% | 165.1% | -22.8% | 34.6% | -5.9% | 75.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$3.59B totalAsset Management1$1.92B · 53.5%
Fee Related$1.34B · 37.3%
Investment Advice$302.38M · 8.4%
Management Service Incentive$29.06M · 0.8%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Investment Advice
Comparing Apollo Asset Management against the 5 most active filers in the same SIC group.