EXHIBIT 99.1

 

UNAUDITED RECONCILIATION OF FINANCIAL DATA

 

The following tables present the historical unaudited financial information for the Apollo Operating Group as of and for the three and six months ended June 30, 2015. The Apollo Operating Group does not report audited or unaudited financial information on a stand-alone basis. Accordingly, the financial data presented herein for the Apollo Operating Group has been reconciled to Apollo Global Management, LLC’s financial statements for the relevant periods.

 

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		For The Six Months ended June 30, 2015
		Total Apollo Operating Group Consolidated				VIE & Consolidated Funds Total				Total Other (1)				Total Apollo Global Management, LLC Consolidated
		(dollars in thousands)
Statement of Operating Data
Revenues:
Advisory and transaction fees from affiliates		$	24,993			$	-			$	-			$	24,993
Management fees from affiliates			457,296				(62	)			(1,761	)			455,473
Carried interest income from affiliates			174,285				-				-				174,285
Total Revenues			656,574				(62	)			(1,761	)			654,751
Expenses:
Compensation and benefits:
Salary, bonus and benefits			176,503				-				-				176,503
Equity-based compensation			42,382				-				-				42,382
Profit sharing expense			110,264				-				-				110,264
Total Compensation and Benefits			329,149				-				-				329,149
Interest expense			14,925				-				-				14,925
General, administrative and other			44,226				101				-				44,327
Professional fees			34,689				-				-				34,689
Occupancy			20,089				-				-				20,089
Placement fees			3,185				-				-				3,185
Depreciation and amortization			21,773				-				398				22,171
Total Expenses			468,036				101				398				468,535
Other Income:
Net gains from investment activities			26,045				497				-				26,542
Net gains from investment activities of consolidated variable interest     entities			-				4,712				2,416				7,128
Income (loss) from equity method investments			17,437				-				(1,379	)			16,058
Interest income (loss)			1,455				784				(654	)			1,585
Other income, net			6,649				-				-				6,649
Total Other Income			51,586				5,993				383				57,962
Income (loss) before income tax provision			240,124				5,830				(1,776	)			244,178
Income tax provision			(3,117	)			-				(11,489	)			(14,606	)
Net Income (Loss)			237,007				5,830				(13,265	)			229,572
Net Income attributable to Non-controlling Interests			(137,766	)			(4,451	)			-				(142,217	)
Net Income Attributable to Apollo Global     Management, LLC		$	99,241			$	1,379			$	(13,265	)		$	87,355

 

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		For The Three Months ended June 30, 2015
		Total Apollo Operating Group Consolidated				VIE & Consolidated Funds Total				Total Other (1)				Total Apollo Global Management, LLC Consolidated
		(dollars in thousands)
Statement of Operating Data
Revenues:
Advisory and transaction fees from affiliates		$	15,450			$	-			$	-			$	15,450
Management fees from affiliates			231,493				(31	)			(878	)			230,584
Carried interest income from affiliates			105,693				-				-				105,693
Total Revenues			352,636				(31	)			(878	)			351,727
Expenses:
Compensation and benefits:
Salary, bonus and benefits			88,870				-				-				88,870
Equity-based compensation			22,279				-				-				22,279
Profit sharing expense			61,635				-				-				61,635
Total Compensation and Benefits			172,784				-				-				172,784
Interest expense			7,485				-				-				7,485
General, administrative and other			21,511				45				-				21,556
Professional fees			19,725				-				-				19,725
Occupancy			10,131				-				-				10,131
Placement fees			1,665				-				-				1,665
Depreciation and amortization			11,033				-				160				11,193
Total Expenses			244,334				45				160				244,539
Other Income:
Net gains from Investment activities			24,282				142				-				24,424
Net gains from investment activities of consolidated variable     interest entities			-				4,698				1,102				5,800
Income (loss) from equity method investments			17,509				-				(390	)			17,119
Interest income (loss)			684				400				(224	)			860
Other income, net			1,775				-				-				1,775
Total Other Income			44,250				5,240				488				49,978
Income (loss) before income tax provision			152,552				5,164				(550	)			157,166
Income tax provision			(2,243	)			-				(6,849	)			(9,092	)
Net Income (Loss)			150,309				5,164				(7,399	)			148,074
Net Income attributable to Non-controlling Interests			(86,872	)			(4,774	)			-				(91,646	)
Net Income Attributable to Apollo Global     Management, LLC		$	63,437			$	390			$	(7,399	)		$	56,428

 

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(1) Includes entities not included in the Apollo Operating Group and eliminations for VIE and consolidated funds

 

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