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: 2009 | |||
Statement Of Cash Flows Indirect Securities Based Operations | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 10, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows from operating activities | |||
| Net income | $ 897 | 629 | 1,357 |
| Adjustments to reconcile net income to cash from operating activities: | |||
| Depreciation and other amortization | 239 | 236 | 202 |
| Amortization of deferred mutual fund sales commissions | 100 | 130 | 108 |
| Stock-based compensation | 317 | 278 | 188 |
| Deferred income tax expense (benefit) | (89) | (234) | (106) |
| Net (gains) losses on non-trading investments | (20) | 216 | (442) |
| Purchases of other investments within consolidated funds | (41) | (127) | (870) |
| Proceeds from sales and maturities of other investments within consolidated funds | 285 | 342 | 597 |
| (Earnings) losses from equity method investees | (30) | 294 | (84) |
| Distributions of earnings from equity method investees | 18 | 28 | 16 |
| Other adjustments | 3 | 13 | 2 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (223) | 339 | (273) |
| Due from related parties | 159 | (112) | (4) |
| Deferred mutual fund sales commissions | (68) | (90) | (72) |
| Investments, trading | (53) | 265 | (45) |
| Other assets | (50) | 115 | (80) |
| Accrued compensation and benefits | (218) | (237) | 172 |
| Accounts payable and accrued liabilities | 165 | (227) | (33) |
| Due to related parties | (10) | 7 | (138) |
| Other liabilities | 18 | 51 | 92 |
| Cash flows from operating activities | 1,399 | 1,916 | 587 |
| Cash flows from investing activities | |||
| Purchases of investments | (73) | (417) | (521) |
| Purchases of assets held for sale | (2) | (59) | 0 |
| Proceeds from sale of disposal group | 0 | 41 | 0 |
| Proceeds from sales and maturities of investments | 260 | 122 | 266 |
| Distributions of capital from equity method investees | 89 | 15 | 7 |
| Net consolidations (deconsolidations) of sponsored investment funds | 27 | (3) | (117) |
| Acquisitions, net of cash acquired, and contingent payments | (5,755) | (16) | (592) |
| Purchases of property and equipment | (65) | (77) | (111) |
| Cash flows from investing activities | (5,519) | (394) | (1,068) |
| Cash flows from financing activities | |||
| Repayments of short-term borrowings | 0 | (400) | 0 |
| Proceeds from short-term borrowings | 2,034 | 300 | 300 |
| Repayments of long-term borrowings | 0 | (1) | 0 |
| Repayments of convertible debt | (7) | 0 | 0 |
| Proceeds from long-term borrowings | 2,495 | 0 | 694 |
| Cash dividends paid | (422) | (419) | (353) |
| Proceeds from stock options exercised | 18 | 24 | 70 |
| Proceeds from issuance of common stock | 2,804 | 6 | 7 |
| Repurchases of common stock | (46) | (46) | (383) |
| Merrill Lynch capital contribution | 25 | 0 | 0 |
| Net (redemptions/distributions paid)/subscriptions received from non-controlling interests holders | (255) | (207) | 400 |
| Excess tax benefit from stock-based compensation | 33 | 59 | 119 |
| Net borrowings/(repayment of borrowings) by consolidated sponsored investment funds | 70 | (203) | 114 |
| Other financing activities | 0 | 0 | (9) |
| Cash flows from financing activities | 6,749 | (887) | 959 |
| Effect of exchange rate changes on cash and cash equivalents | 47 | (259) | 18 |
| Net increase in cash and cash equivalents | 2,676 | 376 | 496 |
| Cash and cash equivalents, beginning of year | 2,032 | 1,656 | |
| Cash and cash equivalents, end of year | 4,708 | 2,032 | 1,656 |
| Supplemental disclosure of cash flow information is as follows: | |||
| Cash paid for: | |||
| Interest | 52 | 63 | 30 |
| Income taxes | 503 | 644 | 376 |
| Supplemental schedule of non-cash investing and financing transactions is as follows: | |||
| Increase (decrease) in non-controlling interests due to net consolidations/(deconsolidations) of sponsored investment funds | 7 | 280 | (1,295) |
| PNC LTIP capital contributions | 6 | 4 | 175 |
| Contingent common stock payment related to Quellos Transaction | 43 | 0 | 0 |
| Common stock released from escrow agent in connection with Quellos Transaction | 6 | 45 | 0 |
| Class of Stock | |||
| Common stock | |||
| Issuance of stock | 767 | 136 | 179 |
| Preferred stock | |||
| Issuance of stock | 7,842 | 0 | 0 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2009 | |
| 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 |