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CONDENDSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Performance allocations $ 459,241 $ 254,103 $ (350,483) $ 682,462
Principal investment income (loss) 50,722 33,393 (25,506) 99,020
Total investment income (loss) 509,963 287,496 (375,989) 781,482
Total Revenues 1,018,274 702,721 1,057,523 2,017,077
Compensation and benefits:        
Salary, bonus and benefits 163,197 126,695 453,485 369,527
Equity-based compensation 49,726 42,665 161,268 132,404
Profit sharing expense 191,809 88,610 (68,230) 280,335
Total compensation and benefits 404,732 257,970 546,523 782,266
Interest expense 34,889 27,833 98,422 70,243
General, administrative and other 90,822 85,313 259,073 238,814
Placement fees 612 256 1,380 591
Total Expenses 531,055 371,372 905,398 1,091,914
Other Income (Loss):        
Net gains (losses) from investment activities 144,472 (19,790) (851,412) 44,099
Net gains from investment activities of consolidated variable interest entities 122,119 10,631 14,061 24,728
Interest income 1,485 10,152 13,413 25,938
Other income (loss), net 10,161 (43,144) (3,019) (36,451)
Total Other Income (Loss) 278,237 (42,151) (826,957) 58,314
Income (loss) before income tax (provision) benefit 765,456 289,198 (674,832) 983,477
Income tax (provision) benefit (89,357) 231,896 66,173 195,345
Net Income (Loss) 676,099 521,094 (608,659) 1,178,822
Net (income) loss attributable to Non-Controlling Interests (403,700) (157,824) 331,169 (501,672)
Net Income (Loss) Attributable to Apollo Global Management, Inc. 272,399 363,270 (277,490) 677,150
Management fees        
Revenues:        
Revenues 433,570 394,547 1,240,127 1,162,788
Advisory and transaction fees, net        
Revenues:        
Revenues 73,449 16,440 172,369 67,133
Incentive fees        
Revenues:        
Revenues 1,292 4,238 21,016 5,674
Series A Preferred Stock        
Other Income (Loss):        
Preferred Stock Dividends (4,382) (4,382) (13,148) (13,148)
Series B Preferred Stock        
Other Income (Loss):        
Preferred Stock Dividends (4,781) (4,782) (14,344) (14,344)
Class A Common Stock        
Other Income (Loss):        
Net Income (Loss) Attributable to Apollo Global Management, Inc. Class A Common Stockholders $ 263,236 $ 354,106 $ (304,982) $ 649,658
Net Income (Loss) Per Share of Class A Common Stock:        
Net Income (Loss) Available to Class A Common Stock – Basic (in USD per share) $ 1.11 $ 1.64 $ (1.41) $ 3.07
Net Income (Loss) Available to Class A Common Stock – Diluted (in USD per share) $ 1.11 $ 1.63 $ (1.41) $ 3.06
Weighted Average Number of Shares of Class A Common Stock Outstanding – Basic (in shares) 227,771,678 205,797,643 227,395,847 202,087,827
Weighted Average Number of Shares of Class A Common Stock Outstanding – Diluted (in shares) 227,771,678 207,641,323 227,395,847 203,745,454