10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BLACKROCK INC. | ||
Ticker: BLK Fiscal Year: 2022 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 7,416 | 9,323 |
| Accounts receivable | 3,264 | 3,789 |
| Investments | 7,466 | 7,262 |
| Separate account assets | 54,066 | 86,226 |
| Separate account collateral held under securities lending agreements | 5,765 | 7,081 |
| Property and equipment (net of accumulated depreciation and amortization of $1,390 and $1256 at December 31, 2022 and 2021, respectively) | 1,031 | 762 |
| Intangible assets (net of accumulated amortization of $483 and $399 at December 31, 2022 and 2021, respectively) | 18,302 | 18,453 |
| Goodwill | 15,341 | 15,351 |
| Operating lease right-of-use assets | 1,516 | 1,621 |
| Other assets | 3,461 | 2,780 |
| Total assets | 117,628 | 152,648 |
| Liabilities | ||
| Accrued compensation and benefits | 2,272 | 2,951 |
| Accounts payable and accrued liabilities | 1,294 | 1,397 |
| Borrowings | 6,654 | 7,446 |
| Separate account liabilities | 54,066 | 86,226 |
| Separate account collateral liabilities under securities lending agreements | 5,765 | 7,081 |
| Deferred income tax liabilities | 3,381 | 2,758 |
| Operating lease liabilities | 1,835 | 1,872 |
| Other liabilities | 3,576 | 4,024 [1] |
| Total liabilities | 78,843 | 113,755 |
| Commitments and contingencies (Note 16) | ||
| Temporary equity | ||
| Redeemable noncontrolling interests | 909 | 1,087 |
| Permanent equity | ||
| Common stock, $0.01 par value; Shares authorized: 500,000,000 at December 31, 2022 and 2021; Shares issued: 172,075,373 at December 31, 2022 and 2021; Shares outstanding: 149,756,492 and 151,684,491 at December 31, 2022 and 2021, respectively | 2 | 2 |
| Additional paid-in capital | 19,772 | 19,640 |
| Retained earnings | 29,876 | 27,688 |
| Accumulated other comprehensive loss | (1,101) | (550) |
| Treasury stock, common, at cost (22,318,881 and 20,390,882 shares held at December 31, 2022 and 2021, respectively) | (10,805) | (9,087) |
| Total BlackRock, Inc. stockholders equity | 37,744 | 37,693 |
| Nonredeemable noncontrolling interests | 132 | 113 |
| Total permanent equity | 37,876 | 37,806 |
| Total liabilities, temporary equity and permanent equity | 117,628 | 152,648 |
| [1] At December 31, 2022, cash and cash equivalents, investments, other assets and other liabilities include $234 million, $3.9 billion, $68 million and $1.9 billion, respectively, related to consolidated variable interest entities (VIEs). At December 31, 2021, cash and cash equivalents, investments, other assets and other liabilities include $251 million, $4.0 billion, $50 million and $1.9 billion, respectively, related to consolidated VIEs. | ||
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |