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: 2011 | ||
Consolidated Statements Of Financial Condition | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and cash equivalents | $ 3,506 | 3,367 |
| Accounts receivable | 1,960 | 2,095 |
| Due from related parties | 142 | 150 |
| Investments | 1,631 | 1,540 |
| Separate account assets | 118,871 | 121,137 |
| Collateral held under securities lending agreements | 20,918 | 17,638 |
| Deferred sales commissions, net | 38 | 66 |
| Property and equipment (net of accumulated depreciation of $483 and $426 at December 31, 2011 and 2010, respectively) | 537 | 428 |
| Intangible assets (net of accumulated amortization of $751 and $615 at December 31, 2011 and 2010, respectively) | 17,356 | 17,512 |
| Goodwill | 12,792 | 12,805 |
| Other assets | 452 | 316 |
| Total assets | 179,896 | 178,459 |
| Liabilities | ||
| Accrued compensation and benefits | 1,383 | 1,520 |
| Accounts payable and accrued liabilities | 923 | 1,068 |
| Due to related parties | 22 | 57 |
| Short-term borrowings | 100 | 100 |
| Convertible debentures | 67 | |
| Long-term borrowings | 4,690 | 3,192 |
| Separate account liabilities | 118,871 | 121,137 |
| Collateral liabilities under securities lending agreements | 20,918 | 17,638 |
| Deferred income tax liabilities | 5,323 | 5,477 |
| Other liabilities | 721 | 584 |
| Total liabilities | 154,534 | 152,125 |
| Commitments and contingencies (Note 12) | ||
| Temporary equity | ||
| Redeemable non-controlling interests | 92 | 6 |
| Permanent Equity | ||
| Common stock $ 0.01 par value; Shares authorized: 500,000,000 at December 31, 2011 and 2010; Shares issued: 139,880,380 and 131,923,624 at December 31, 2011 and 2010, respectively; Shares outstanding: 138,463,135 and 131,216,561 at December 31, 2011 and 2010, respectively; | 1 | 1 |
| Additional paid-in capital | 20,275 | 22,502 |
| Retained earnings | 5,046 | 3,723 |
| Appropriated retained earnings | 72 | 75 |
| Accumulated other comprehensive loss | (127) | (96) |
| Escrow shares, common, at cost (3,603 shares held at December 31, 2011 and 2010) | (1) | (1) |
| Treasury stock, common, at cost (1,413,642 and 703,460 shares held at December 31, 2011 and 2010, respectively) | (218) | (111) |
| Total BlackRock, Inc. stockholders' equity | 25,048 | 26,094 |
| Nonredeemable non-controlling interests | 184 | 189 |
| Total permanent equity | 25,270 | 26,328 |
| Total liabilities, temporary equity and permanent equity | 179,896 | 178,459 |
| Class of Stock | ||
| Series B Non-Voting Participating | ||
| Preferred stock | 1 | |
| Series C Non-Voting Participating | ||
| Preferred stock | ||
| Legal Entity | ||
| Variable Interest Entity, Primary Beneficiary | ||
| Cash and cash equivalents | 54 | 93 |
| Bank loans and other investments | 1,639 | 1,312 |
| Borrowings | 1,574 | 1,278 |
| Other liabilities | 9 | 7 |
| Appropriated retained earnings | 72 | 75 |
| Nonredeemable non-controlling interests | 38 | 45 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2011 | |
| 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 |