Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Apollo Global Management, Inc. | d549550dex991.htm |
| 8-K - 8-K - Apollo Global Management, Inc. | d549550d8k.htm |
Exhibit 12.1
Apollo Global Management, LLC
Unaudited Computation of Ratio of Earnings to Fixed Charges
($ in Thousands)
| 2017 | 2016 | 2015 | 2014 | |||||||||||||
| Fixed charges: |
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| Interest expense |
$ | 52,873 | $ | 43,482 | $ | 30,071 | $ | 22,393 | ||||||||
| Capitalized interest |
— | — | — | — | ||||||||||||
| Portion of rental expense which represents interest factor |
9,185 | 13,072 | 13,406 | 13,476 | ||||||||||||
| Amortization of debt issuance costs |
1,873 | 2,061 | 1,598 | 3,453 | ||||||||||||
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| Total fixed charges |
$ | 63,931 | $ | 58,615 | $ | 45,075 | $ | 39,322 | ||||||||
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| Earnings available for fixed charges: |
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| Income (loss) before income tax provision |
1,769,584 | 1,061,014 | 377,228 | 877,167 | ||||||||||||
| Less: (income) loss from equity method investment |
(161,630 | ) | (103,178 | ) | (14,855 | ) | (53,856 | ) | ||||||||
| Distributed equity income of affiliated companies |
117,577 | 102,768 | 61,576 | 76,343 | ||||||||||||
| Add: fixed charges |
63,931 | 58,615 | 45,075 | 39,322 | ||||||||||||
| Less: capitalized interest |
— | — | — | — | ||||||||||||
| Less: net (income) loss-Non-controlling interests |
(814,535 | ) | (567,457 | ) | (215,998 | ) | (561,693 | ) | ||||||||
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| Total earnings (losses) available for fixed charges |
$ | 974,927 | $ | 551,762 | $ | 253,026 | $ | 377,283 | ||||||||
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| Ratio of earnings to fixed charges |
12.58 | 9.41 | 5.61 | 9.59 | ||||||||||||
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