Exhibit 99.1

APi Group Corporation

Condensed Consolidated Balance Sheets (GAAP)

(Amounts in millions)

(Unaudited)

	March 31, 2022		December 31, 2021
Assets
Current assets:
Cash and cash equivalents	$	315	$	1,188
Restricted cash		3		302
Accounts receivable, net		1,184		767
Inventories		142		69
Contract assets		452		217
Prepaid expenses and other current assets		131		83
Total current assets		2,227		2,626
Property and equipment, net		384		326
Operating lease right of use assets		244		101
Goodwill		2,310		1,106
Intangible assets, net		2,182		882
Deferred tax assets		70		73
Pension and post-retirement assets		653		—
Other assets		72		45
Total assets	$	8,142	$	5,159
Liabilities, Redeemable Convertible Preferred Stock, and Shareholders’ Equity
Current liabilities:
Short-term and current portion of long-term debt	$	2	$	1
Accounts payable		391		236
Accrued liabilities		488		360
Contract liabilities		422		243
Operating and finance leases		64		27
Total current liabilities		1,367		867
Long-term debt, less current portion		2,812		1,766
Pension and post-retirement obligations		73		—
Deferred tax liabilities		489		43
Operating and finance leases		189		79
Other noncurrent liabilities		137		81
Total liabilities		5,067		2,836
Total redeemable convertible preferred stock		797		—
Total shareholders’ equity		2,278		2,323
Total liabilities, redeemable convertible preferred stock, and shareholders’ equity	$	8,142	$	5,159

1