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: 2010 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and cash equivalents | $ 3,367 | 4,708 |
| Accounts receivable | 2,095 | 1,718 |
| Due from related parties | 150 | 189 |
| Investments | 1,540 | 1,049 |
| Assets of consolidated variable interest entities | ||
| Cash and cash equivalents | 93 | |
| Bank loans and other investments | 1,312 | |
| Separate account assets | 121,137 | 119,629 |
| Collateral held under securities lending agreements | 17,638 | 19,335 |
| Deferred sales commissions, net | 66 | 103 |
| Property and equipment (net of accumulated depreciation of $426 and $303 at December 31, 2010 and 2009, respectively) | 428 | 443 |
| Intangible assets (net of accumulated amortization of $615 and $466 at December 31, 2010 and 2009, respectively) | 17,512 | 17,666 |
| Goodwill | 12,805 | 12,680 |
| Other assets | 316 | 604 |
| Total assets | 178,459 | 178,124 |
| Liabilities | ||
| Accrued compensation and benefits | 1,520 | 1,482 |
| Accounts payable and accrued liabilities | 1,068 | 840 |
| Due to related parties | 57 | 505 |
| Short-term borrowings | 100 | 2,234 |
| Liabilities of consolidated variable interest entities | ||
| Borrowings | 1,278 | |
| Other liabilities | 7 | |
| Convertible debentures | 67 | 243 |
| Long-term borrowings | 3,192 | 3,191 |
| Separate account liabilities | 121,137 | 119,629 |
| Collateral liability under securities lending agreements | 17,638 | 19,335 |
| Deferred income tax liabilities | 5,477 | 5,571 |
| Other liabilities | 584 | 492 |
| Total liabilities | 152,125 | 153,522 |
| Commitments and contingencies (Note 14) | ||
| Temporary equity | ||
| Redeemable non-controlling interests | 6 | 49 |
| Permanent Equity | ||
| Common stock, $0.01 par value; Shares authorized: 500,000,000 at December 31, 2010 and 2009; Shares issued: 131,923,624 and 62,776,777 at December 31, 2010 and 2009, respectively; Shares outstanding: 131,216,561 and 61,896,236 at December 31, 2010 and 2009, respectively; | 1 | 1 |
| Additional paid-in capital | 22,502 | 22,127 |
| Retained earnings | 3,723 | 2,436 |
| Appropriated retained earnings | 75 | |
| Accumulated other comprehensive loss | (96) | (96) |
| Escrow shares, common, at cost (3,603 and 868,940 shares held at December 31, 2010 and 2009, respectively) | (1) | (137) |
| Treasury stock, common, at cost (703,460 and 11,601 shares held at December 31, 2010 and 2009, respectively) | (111) | (3) |
| Total BlackRock, Inc. stockholders' equity | 26,094 | 24,329 |
| Nonredeemable non-controlling interests | 189 | 224 |
| Nonredeemable non-controlling interests of consolidated variable interest entities | 45 | |
| Total permanent equity | 26,328 | 24,553 |
| Total liabilities, temporary equity and permanent equity | 178,459 | 178,124 |
| Class of Stock | ||
| Series B Non-Voting Participating | ||
| Preferred stock | 1 | 1 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2010 | |
| 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 |