Apollo Asset Management, Inc. (APO) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Credit	6,772.3	5,710.9	4,878.8	4,098.7	3,562.0	959.8	641.1	959.5
Private Equity	1,222.9	1,262.4	1,189.0	1,133.6	880.8	968.1	314.0	605.3
Real Assets	568.4	431.8	392.1	352.5	347.2	85.3	68.3	58.8
Other						60.3	18.3
Total revenues [+]	5,951.6	2,354.0	2,931.8	1,093.1	2,771.8	2,073.6	1,041.7	1,560.1
Investment advisory							14.2	315.6
Performance fees								394.1
Revenue growth [+]	152.8%	-19.7%	168.2%	-60.6%	33.7%	99.1%	-33.2%	-58.2%
Credit	18.6%	17.1%	19.0%	15.1%	271.1%	49.7%	-33.2%	8.9%
Private Equity	-3.1%	6.2%	4.9%	28.7%	-9.0%	208.3%	-48.1%	-79.0%
Real Assets	31.6%	10.1%	11.2%	1.5%	306.8%	25.0%	16.0%	-5.4%
Cost of goods sold	778.8	628.1	514.5	459.6	428.9	389.1	354.5	338.0
Gross profit	5,172.8	1,726.0	2,417.3	633.5	2,342.9	1,684.4	687.1	1,222.0
Gross margin	86.9%	73.3%	82.5%	58.0%	84.5%	81.2%	66.0%	78.3%
Selling, general and administrative [+]	3,970.4	1,442.9	1,591.4	841.4	1,293.3	1,096.2	792.5	1,005.7
Sales and marketing							537.4	740.6
General and administrative [+]	3,970.4	1,442.9	1,591.4	841.4	1,293.3	1,096.2	255.1	265.2
Wages and related expenses	3,493.4	1,088.7	1,261.1	575.0	1,035.4	849.2	537.4	740.6
General and administrative expenses	477.0	354.2	330.3	266.4	257.9	247.0	255.1	265.2
Other selling, general and administrative							537.4	740.6
Equity in earnings	649.1	81.7	166.5	5.1	161.6	103.2	14.9	53.9
Other operating expenses	-3,953.2	-385.4	-726.6	-336.8	-425.6	-367.9	-365.2	-345.2
EBITDA [+]	5,832.1	769.0	1,734.8	149.2	1,655.3	1,078.1	319.1	660.4
EBITDA growth	658.4%	-55.7%	1063.0%	-91.0%	53.5%	237.8%	-51.7%	-71.5%
EBITDA margin	98.0%	32.7%	59.2%	13.6%	59.7%	52.0%	30.6%	42.3%
Depreciation and amortization	27.3	18.8	15.8	15.2	18.4	18.7	44.5	45.1
EBIT [+]	5,804.7	750.2	1,719.1	133.9	1,636.9	1,059.3	274.7	615.3
EBIT growth	673.8%	-56.4%	1183.5%	-91.8%	54.5%	285.7%	-55.4%	-72.8%
EBIT margin	97.5%	31.9%	58.6%	12.3%	59.1%	51.1%	26.4%	39.4%
Non-recurring items	6.7	2.3
Interest income, net [+]	606.5	307.2	-69.1	-23.8	42.2	96.2	91.7	190.9
Interest expense	139.1	133.2	98.4	59.4	52.9	43.5	30.1	22.4
Interest income	745.6	440.4	29.2	35.6	95.1	139.7	121.7	213.2
Other income (expense), net [+]	-1,542.2	-501.3	-242.1	-4.9	90.4	-94.5	10.9	71.0
Other	-147.5	20.8	-46.3	35.8	245.6	4.6	7.7	60.6
Pre-tax income	4,862.3	553.8	1,407.8	105.3	1,769.6	1,061.0	377.2	877.2
Income taxes	594.4	87.0	-129.0	-86.0	-325.9	-90.7	-26.7	-147.2
Tax rate	12.2%	15.7%
Minority interest	2,429.4	310.2	693.7	29.6	814.5	567.5	216.0	561.7
Net income	1,838.5	156.6	843.2	-10.4	629.1	402.9	134.5	168.2
Net margin	30.9%	6.7%	28.8%	-0.9%	22.7%	19.4%	12.9%	10.8%

Basic EPS [+]	$7.77	$0.69	$4.07	($0.05)	$3.29	$2.19	$0.78	$1.08
Growth	1029.1%	-83.1%	-7946.7%	-101.6%	50.5%	182.1%	-28.3%	-77.1%
Diluted EPS [+]	$7.77	$0.69	$4.04	($0.05)	$3.27	$2.19	$0.78	$1.08
Growth	1029.1%	-83.0%	-7883.7%	-101.6%	49.2%	182.1%	-28.3%	-76.6%

Dividends per share [+]	$2.19	$2.42	$2.10	$2.03	$1.99	$1.25	$1.96	$3.11
Growth	-9.5%	14.9%	3.3%	2.2%	59.3%	-36.2%	-37.0%	-21.3%

Shares outstanding (basic) [+]	236.6	227.5	207.1	199.9	190.9	184.0	173.3	155.3
Growth	4.0%	9.9%	3.6%	4.7%	3.8%	6.2%	11.5%	11.6%
Shares outstanding (diluted) [+]	236.6	227.5	208.7	199.9	192.6	184.0	173.3	155.3
Growth	4.0%	9.0%	4.4%	3.8%	4.7%	6.2%	11.5%	9.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.