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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.24B | - | $672.85M | $480.28M | $1.30B | - | $1.08B | $1.38B | $2.29B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $223.08M | $183.03M | - | $161.21M | $150.72M | $140.36M | - | $111.60M | $115.84M | $99.85M |
| Total Operating Expenses | $774.40M | $886.90M | - | $579.57M | $491.06M | $907.46M | - | $648.91M | $746.79M | $1.02B |
| D&A | $13.00M | $26.98M | - | $8.30M | $7.90M | $7.89M | - | $4.80M | $4.30M | $6.05M |
| Operating Income | $316.22M | $413.96M | - | $107.42M | $1.70B | $1.72B | - | $732.85M | $1.70B | $1.72B |
| Interest Expense | - | $34.30M | - | $32.22M | $31.43M | $32.99M | - | $34.82M | $34.81M | $34.80M |
| Income Tax | $51.91M | $61.47M | - | $22.07M | $7.63M | $134.17M | - | $101.43M | $194.05M | $203.25M |
| Net Income | $112.84M | $217.38M | - | $23.43M | $68.12M | $596.97M | - | $258.32M | $657.73M | $678.89M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.22B | $1.25B | $1.20B | $1.12B | $1.55B | $1.25B | $917.18M | $2.09B | $1.82B | $1.72B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $13.70B | $13.37B | $13.79B | $12.32B | $12.00B | $12.31B | $30.50B | $28.29B | $27.54B | $27.41B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.81B | $2.81B | $2.81B | $2.81B | $2.81B | $2.82B | $3.13B | $3.15B | $3.15B | $3.15B |
| Total Liabilities | $9.55B | $8.77B | $9.30B | $8.15B | $7.74B | $7.73B | $18.54B | $18.07B | $17.91B | $18.51B |
| Stockholders' Equity | $1.97B | $1.78B | $1.85B | $1.78B | $1.92B | $1.52B | $3.79B | $2.65B | $2.37B | $1.94B |
| Retained Earnings | $73.06M | - | $0 | ($3.90M) | $0 | $0 | $1.14B | $1.08B | $990.80M | $477.34M |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $1.06B | - | - | - | ($300.47M) | - | - | - | ($228.75M) |
| Investing Cash Flow | - | $181.17M | - | - | - | ($891.53M) | - | - | - | $18.86M |
| Financing Cash Flow | - | ($1.16B) | - | - | - | $1.41B | - | - | - | $1.18B |
| CapEx | - | $43.76M | - | - | - | $43.54M | - | - | - | $5.50M |
| Free Cash Flow | - | $1.02B | - | - | - | ($344.01M) | - | - | - | ($234.25M) |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 31.0% | 33.3% | - | 16.0% | 353.9% | 132.8% | - | 67.9% | 122.9% | 75.0% |
| EBITDA margin | 32.3% | 35.5% | - | 17.2% | 355.5% | 133.4% | - | 68.3% | 123.3% | 75.3% |
| Net margin | 11.1% | 17.5% | - | 3.5% | 14.2% | 46.0% | - | 23.9% | 47.6% | 29.6% |
| Free cash flow margin | - | 81.9% | - | - | - | -26.5% | - | - | - | -10.2% |
| FCF / Net income | - | 4.69 | - | - | - | -0.58 | - | - | - | -0.35 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 21.9% | 14.7% | - | 24.0% | 31.4% | 10.8% | - | 10.3% | 8.4% | 4.4% |
| Effective tax rate | 31.5% | 22.0% | - | 48.5% | 10.1% | 18.4% | - | 28.2% | 22.8% | 23.0% |
| Return on assets | 0.8% | 1.6% | - | 0.2% | 0.6% | 4.8% | - | 0.9% | 2.4% | 2.5% |
| Return on equity | 5.7% | 12.2% | - | 1.3% | 3.5% | 39.2% | - | 9.8% | 27.8% | 35.0% |
| Return on invested capital | 4.5% | 7.0% | - | 1.2% | 32.3% | 32.4% | - | 9.1% | 23.8% | 26.0% |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.43 | 1.58 | 1.52 | 1.58 | 1.46 | 1.85 | 0.83 | 1.19 | 1.33 | 1.63 |
| Debt / Assets | 0.21 | 0.21 | 0.20 | 0.23 | 0.23 | 0.23 | 0.10 | 0.11 | 0.11 | 0.12 |
| Debt / EBITDA | 8.54 | 6.38 | - | 24.28 | 1.65 | 1.63 | - | 4.27 | 1.85 | 1.82 |
| Interest coverage | - | 12.1x | - | 3.3x | 54.1x | 52.2x | - | 21.0x | 48.8x | 49.5x |
| Equity multiplier | 6.95 | 7.50 | 7.46 | 6.91 | 6.24 | 8.09 | 8.05 | 10.68 | 11.64 | 14.15 |
| Liabilities / Assets | 0.70 | 0.66 | 0.67 | 0.66 | 0.64 | 0.63 | 0.61 | 0.64 | 0.65 | 0.68 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | 0.09 | - | 0.05 | 0.04 | 0.11 | - | 0.04 | 0.05 | 0.08 |
| 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) | 112.5% | -4.1% | - | -37.7% | -65.3% | -43.5% | - | 6.0% | -8.4% | -256.2% |
| Revenue CAGR (3y) | -12.2% | - | - | -1.4% | -9.0% | 24.1% | - | 27.7% | 38.2% | 139.6% |
| Revenue CAGR (5y) | 14.3% | 49.4% | - | 0.3% | 2.1% | 15.0% | - | 16.5% | 15.9% | 80.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -81.4% | -76.0% | - | -85.3% | 0.0% | 0.0% | - | -4.3% | 49.2% | - |
| Net income growth (YoY) | 65.6% | -63.6% | - | -90.9% | -89.6% | -12.1% | - | -5.2% | 47.4% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | -46.9% | - | - | - | - |
| FCF CAGR (5y) | - | 91.7% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.4% | 17.2% | -51.2% | -32.7% | -18.6% | -21.4% | 165.1% | 143.0% | 154.6% | 248.0% |
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%
Peer comparison
Same SIC group: Investment Advice
Comparing Apollo Asset Management against the 5 most active filers in the same SIC group.