Business Context and Reporting Period
Apollo Global Management, Inc. filed a Form 8-K dated February 11, 2022, under Item 7.01, Regulation FD Disclosure. The filing concerns an updated presentation of historical financial information and revised segment reporting.
Financial Information
The filing does not provide current revenue, profit, cash flow, margin, debt, liquidity, or other financial metric values. It states that the updated presentation contains historical non-GAAP information for prior periods whose financial results had already been disclosed.
Material Changes Versus the Prior Comparable Period
- Apollo updated its historical non-GAAP financial information presentation to reflect changes in segments.
- The update supersedes or revises the non-GAAP information previously posted on January 14, 2022.
- Apollo states that the segment-related changes have no impact on financial results reported under U.S. GAAP.
Guidance, Outlook, Risks, and Unusual Items
- Apollo intends to use the updated financial information presentation when presenting non-GAAP financial results beginning with the quarter ending March 31, 2022.
- The filing provides no earnings guidance, operating outlook, material contingency, debt update, liquidity discussion, or specific risk commentary.
- The information was furnished under Regulation FD and is not deemed filed for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other filings except by specific reference.
Investor Verification Points
- Review Apollo’s updated presentation on the Stockholders section of its website for the revised segment definitions and historical non-GAAP figures.
- Confirm how the segment changes affect comparisons and non-GAAP measures beginning with the quarter ending March 31, 2022.
- Verify reported U.S. GAAP results separately, because the filing states that those results were not affected by the update.