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: 2019 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 28, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 4,829 | 6,488 |
| Accounts receivable | 3,179 | 2,657 |
| Investments | 5,489 [1] | 4,476 |
| Separate account assets | 102,844 | 90,285 |
| Separate account collateral held under securities lending agreements | 15,466 | 20,655 |
| Property and equipment (net of accumulated depreciation of $880 and $750 at December 31, 2019 and 2018, respectively) | 715 | 643 |
| Intangible assets (net of accumulated amortization of $185 and $244 at December 31, 2019 and 2018, respectively) | 18,369 | 17,839 |
| Goodwill | 14,562 | 13,526 |
| Other assets | 3,169 | 3,004 |
| Total assets | 168,622 | 159,573 |
| Liabilities | ||
| Accrued compensation and benefits | 2,057 | 1,988 |
| Accounts payable and accrued liabilities | 1,167 | 1,292 |
| Borrowings | 4,955 | 4,979 |
| Separate account liabilities | 102,844 | 90,285 |
| Separate account collateral liabilities under securities lending agreements | 15,466 | 20,655 |
| Deferred income tax liabilities | 3,734 | 3,571 |
| Other liabilities | 3,470 | 3,263 |
| Total liabilities | 133,693 | 126,033 |
| Commitments and contingencies (Note 16) | ||
| Temporary equity | ||
| Redeemable noncontrolling interests | 1,316 | 1,107 |
| Permanent equity | ||
| Common stock, $0.01 par value; Shares authorized: 500,000,000 at December 31, 2019 and 2018; Shares issued: 171,252,185 at December 31, 2019 and 2018; Shares outstanding: 154,375,780 and 157,553,501 at December 31, 2019 and 2018, respectively | 2 | 2 |
| Additional paid-in capital | 19,186 | 19,168 |
| Retained earnings | 21,662 | 19,282 |
| Accumulated other comprehensive loss | (571) | (691) |
| Treasury stock, common, at cost (16,876,405 and 13,698,684 shares held at December 31, 2019 and 2018, respectively) | (6,732) | (5,387) |
| Total BlackRock, Inc. stockholders equity | 33,547 | 32,374 |
| Nonredeemable noncontrolling interests | 66 | 59 |
| Total permanent equity | 33,613 | 32,433 |
| Total liabilities, temporary equity and permanent equity | 168,622 | 159,573 |
| Class of Stock | ||
| Series B Nonvoting Participating Preferred Stock | ||
| Nonvoting participating preferred stock | 0 | 0 |
| Series C Nonvoting Participating Preferred Stock | ||
| Nonvoting participating preferred stock | 0 | 0 |
| [1] For 2019, cash and cash equivalents, investments, other assets and other liabilities include $131 million, $3,301 million, $68 million, and $820 million, respectively, related to consolidated variable interest entities (VIEs). For 2018, cash and cash equivalents, investments, other assets and other liabilities include $186 million, $2,680 million, $876 million, and $1,374 million, respectively, related to consolidated VIEs | ||
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2019 | |
| 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 |