Apollo revises Q4 2023 GAAP net income down $129M on Bermuda tax adjustment

Apollo Global Management, Inc.

2023-FY EPS reported $8.28 revenue$32,644,000,000

Deferred tax asset estimate reduced from $1.9B to $1.8B due to Bermuda Corporate Income Tax 2023.
Q4 2023 GAAP net income revised to $2,732M (from $2,861M); full-year revised to $5,001M (from $5,130M).
Income tax benefit for Q4 revised to $1,620M (from $1,749M); full-year to $923M (from $1,052M).
No changes to Adjusted Net Income, Fee Related Earnings, Spread Related Earnings, or Principal Investing Income.
Adjustment stems from a change in estimate after completing review of Bermuda Corporate Income Tax impact.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Apollo Global Management, Inc. reported fourth quarter and full year ended December 31, 2023 results: net income net income attributable to Apollo Global Management, Inc. common stockholders for the fourth quarter and year ended Dece.

Period: fourth quarter and full year ended December 31, 2023
Net income: net income attributable to Apollo Global Management, Inc. common stockholders for the fourth quarter and year ended Dece
Result: reported results

Exact text from the filing

On February 8, 2024, Apollo Global Management, Inc. (“Apollo”) furnished, on a Current Report on Form 8-K, a detailed earnings presentation announcing its financial results for the fourth quarter and full year ended December 31, 2023 (the “Original Presentation”).

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Apollo Global Management, Inc. filing history →

Source: SEC EDGAR

accession 0001858681-24-000029

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.