10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BLACKROCK INC. | ||
Ticker: BLK Fiscal Year: 2017 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and cash equivalents | $ 6,894 | 6,091 |
| Accounts receivable | 2,699 | 2,115 |
| Investments | 1,981 | 1,595 |
| Separate account assets | 149,937 | 149,089 |
| Separate account collateral held under securities lending agreements | 24,190 | 27,792 |
| Property and equipment (net of accumulated depreciation of $658 and $601 at December 31, 2017 and December 31, 2016, respectively) | 592 | 559 |
| Intangible assets (net of accumulated amortization of $219 and $832 at December 31, 2017 and December 31, 2016, respectively) | 17,389 | 17,363 |
| Goodwill | 13,220 | 13,118 |
| Other assets | 1,612 | 1,300 |
| Total assets | 220,217 | 220,177 |
| Liabilities | ||
| Accrued compensation and benefits | 2,153 | 1,880 |
| Accounts payable and accrued liabilities | 1,161 | 880 |
| Liabilities of consolidated variable interest entities | 369 | 216 |
| Borrowings | 5,014 | 4,915 |
| Separate account liabilities | 149,937 | 149,089 |
| Separate account collateral liabilities under securities lending agreements | 24,190 | 27,792 |
| Deferred income tax liabilities | 3,538 | 4,840 |
| Other liabilities | 1,564 | 1,221 |
| Total liabilities | 187,926 | 190,833 |
| Commitments and contingencies (Note 13) | ||
| Temporary equity | ||
| Redeemable noncontrolling interests | 416 | 194 |
| Permanent Equity | ||
| Common stock, $ 0.01 par value; Shares authorized: 500,000,000 at December 31, 2017 and December 31, 2016; Shares issued: 171,252,185 at December 31, 2017 and December 31, 2016; Shares outstanding: 159,977,115 and 161,534,443 at December 31, 2017 and December 31, 2016, respectively | 2 | 2 |
| Additional paid-in capital | 19,256 | 19,337 |
| Retained earnings | 16,966 | 13,660 |
| Accumulated other comprehensive loss | (432) | (716) |
| Treasury stock, common, at cost (11,275,070 and 9,717,742 shares held at December 31, 2017 and December 31, 2016, respectively) | (3,967) | (3,185) |
| Total BlackRock, Inc. stockholders equity | 31,825 | 29,098 |
| Nonredeemable noncontrolling interests | 50 | 52 |
| Total permanent equity | 31,875 | 29,150 |
| Total liabilities, temporary equity and permanent equity | 220,217 | 220,177 |
| Class of Stock | ||
| Series B Nonvoting Participating Preferred Stock | ||
| 159,977,115 and 161,534,443 at December 31, 2017 and | 0 | 0 |
| Series C Nonvoting Participating Preferred Stock | ||
| 159,977,115 and 161,534,443 at December 31, 2017 and | 0 | 0 |
| Variable Interest Entities | ||
| Consolidated Variable Interest Entities | ||
| Cash and cash equivalents | 144 | 84 |
| Investments | 1,493 | 1,008 |
| Other assets | 66 | 63 |
| Total liabilities | 369 | 216 |
| Nonredeemable noncontrolling interests | 375 | 207 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2017 | |
| 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 |