secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Global Management, Inc. (APO)
CIK:        0001858681
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001858681-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1858681/000185868124000029/0001858681-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1858681/000185868124000029/apo-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001858681-24-000029

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