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SEC Filings
10-Q
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. filed this Form 10-Q on 05/02/2017
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The table below summarizes the reconciliation from net income available to common stockholders to Operating Earnings:

 
For the three months ended 
 March 31,
 
2017
 
2016
Net income available to common stockholders
$
37,815

 
$
12,801

Adjustments:
 
 
 
Equity-based compensation expense
3,791

 
1,668

Unrealized (gain) loss on securities
(2,852
)
 
15,074

Unrealized (gain) loss on derivative instruments
3,045

 
(4,703
)
Foreign currency (gain) loss ,net
(3,326
)
 
4,474

Amortization of the 2019 Notes related to equity reclassification
608

 
573

Income from unconsolidated joint venture
(458
)
 
(68
)
Total adjustments:
808

 
17,018

Operating Earnings
$
38,623

 
$
29,819

Basic and diluted Operating Earnings per share of common stock
$
0.41

 
$
0.44

Basic weighted average shares of common stock outstanding
91,612,447

 
67,385,191

Diluted weighted average shares of common stock outstanding
92,998,250

 
68,327,718



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