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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities | |||
| Net income | $ 3,352 | 3,264 | 2,951 |
| Adjustments to reconcile net income to cash flows from operating activities: | |||
| Depreciation and amortization | 247 | 278 | 291 |
| Amortization of deferred sales commissions | 48 | 56 | 52 |
| Stock-based compensation | 514 | 453 | 448 |
| Deferred income tax expense (benefit) | (156) | (104) | (193) |
| Other gains | (40) | 0 | 0 |
| Net (gains) losses on nontrading investments | 12 | (37) | (73) |
| Purchases of investments within consolidated sponsored investment funds | (1) | (160) | (195) |
| Proceeds from sales and maturities of investments within consolidated sponsored investment funds | 2 | 137 | 145 |
| Gain related to PennyMac initial public offering | 0 | 0 | (39) |
| Gain related to the charitable contribution | 0 | 0 | (80) |
| Charitable contribution | 0 | 0 | 124 |
| Assets and liabilities of consolidated VIEs: | |||
| Change in cash and cash equivalents | (98) | 168 | 143 |
| Net (gains) losses within consolidated VIEs | (58) | 41 | 0 |
| Net (purchases) proceeds within consolidated VIEs | (227) | (599) | 142 |
| (Earnings) losses from equity method investees | (91) | (158) | (158) |
| Distributions of earnings from equity method investees | 41 | 57 | 80 |
| Other adjustments | 1 | 5 | 10 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (154) | 78 | 14 |
| Investments, trading | (584) | (416) | (218) |
| Other assets | (123) | 5 | (92) |
| Accrued compensation and benefits | 98 | 101 | 203 |
| Accounts payable and accrued liabilities | 14 | (69) | 7 |
| Other liabilities | 207 | (13) | 80 |
| Cash flows from operating activities | 3,004 | 3,087 | 3,642 |
| Cash flows from investing activities | |||
| Purchases of investments | (330) | (369) | (412) |
| Proceeds from sales and maturities of investments | 456 | 654 | 286 |
| Distributions of capital from equity method investees | 66 | 143 | 83 |
| Net consolidations (deconsolidations) of sponsored investment funds | (163) | (123) | (48) |
| Acquisitions, net of cash acquired | (273) | 0 | (298) |
| Purchases of property and equipment | (221) | (66) | (94) |
| Cash flows from investing activities | (465) | 239 | (483) |
| Cash flows from financing activities | |||
| Repayments of short-term borrowings | 0 | 0 | (100) |
| Repayments of long-term borrowings | (750) | (1,000) | (750) |
| Proceeds from long-term borrowings | 787 | 997 | 0 |
| Cash dividends paid | (1,476) | (1,338) | (1,168) |
| Proceeds from stock options exercised | 126 | 4 | 28 |
| Repurchases of common stock | (1,331) | (1,344) | (1,243) |
| Net proceeds from (repayments of) borrowings by consolidated VIEs | 0 | 512 | (410) |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 484 | 202 | 203 |
| Excess tax benefit from stock-based compensation | 105 | 106 | 41 |
| Other financing activities | (9) | 0 | 7 |
| Cash flows from financing activities | (2,064) | (1,861) | (3,392) |
| Effect of exchange rate changes on cash and cash equivalents | (115) | (132) | 17 |
| Net increase (decrease) in cash and cash equivalents | 360 | 1,333 | (216) |
| Cash and cash equivalents, beginning of year | 5,723 | 4,390 | |
| Cash and cash equivalents, end of year | 6,083 | 5,723 | 4,390 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 194 | 216 | 202 |
| Interest on borrowings of consolidated VIEs | 0 | 142 | 102 |
| Income taxes (net of refunds) | 1,276 | 1,227 | 1,064 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 600 | 646 | 429 |
| Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (104) | (269) | (229) |
| Increase (decrease) in borrowings due to consolidation/deconsolidation of VIEs | (3,389) | 585 | 363 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2015 | |
| 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 |