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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities | |||
| Net income | $ 3,170 | 3,352 | 3,264 |
| Adjustments to reconcile net income to cash flows from operating activities: | |||
| Depreciation and amortization | 229 | 247 | 278 |
| Amortization of deferred sales commissions | 34 | 48 | 56 |
| Stock-based compensation | 521 | 514 | 453 |
| Deferred income tax expense (benefit) | (14) | (156) | (104) |
| Other gains | 0 | (40) | 0 |
| Net (gains) losses on nontrading investments | 0 | 12 | (37) |
| Purchases of investments within consolidated sponsored investment funds | 0 | (1) | (160) |
| Proceeds from sales and maturities of investments within consolidated sponsored investment funds | 0 | 2 | 137 |
| Assets and liabilities of consolidated VIEs: | |||
| Change in cash and cash equivalents | (119) | (98) | 168 |
| Net (gains) losses within consolidated VIEs | (16) | (58) | 41 |
| Net (purchases) proceeds within consolidated VIEs | (816) | (227) | (599) |
| (Earnings) losses from equity method investees | (113) | (91) | (158) |
| Distributions of earnings from equity method investees | 31 | 41 | 57 |
| Other adjustments | 0 | 1 | 5 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (86) | (154) | 78 |
| Investments, trading | (449) | (584) | (416) |
| Other assets | (130) | (123) | 5 |
| Accrued compensation and benefits | (86) | 98 | 101 |
| Accounts payable and accrued liabilities | 51 | 14 | (69) |
| Other liabilities | (53) | 207 | (13) |
| Cash flows from operating activities | 2,154 | 3,004 | 3,087 |
| Cash flows from investing activities | |||
| Purchases of investments | (377) | (330) | (369) |
| Proceeds from sales and maturities of investments | 378 | 456 | 654 |
| Distributions of capital from equity method investees | 34 | 66 | 143 |
| Net consolidations (deconsolidations) of sponsored investment funds | (74) | (163) | (123) |
| Acquisitions, net of cash acquired | (30) | (273) | 0 |
| Purchases of property and equipment | (119) | (221) | (66) |
| Cash flows from investing activities | (188) | (465) | 239 |
| Cash flows from financing activities | |||
| Repayments of long-term borrowings | 0 | (750) | (1,000) |
| Proceeds from long-term borrowings | 0 | 787 | 997 |
| Cash dividends paid | (1,545) | (1,476) | (1,338) |
| Proceeds from stock options exercised | 26 | 126 | 4 |
| Repurchases of common stock | (1,399) | (1,331) | (1,344) |
| Net proceeds from (repayments of) borrowings by consolidated VIEs | 0 | 0 | 512 |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 1,146 | 484 | 202 |
| Excess tax benefit from stock-based compensation | 82 | 105 | 106 |
| Other financing activities | 5 | (9) | 0 |
| Cash flows from financing activities | (1,685) | (2,064) | (1,861) |
| Effect of exchange rate changes on cash and cash equivalents | (273) | (115) | (132) |
| Net increase (decrease) in cash and cash equivalents | 8 | 360 | 1,333 |
| Cash and cash equivalents, beginning of year | 6,083 | 5,723 | |
| Cash and cash equivalents, end of year | 6,091 | 6,083 | 5,723 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 198 | 194 | 216 |
| Interest on borrowings of consolidated VIEs | 0 | 0 | 142 |
| Income taxes (net of refunds) | 1,365 | 1,276 | 1,227 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 667 | 600 | 646 |
| PNC preferred stock capital contribution | 172 | 0 | 0 |
| Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (1,439) | (104) | (269) |
| Increase (decrease) in borrowings due to consolidation/deconsolidation of VIEs | 0 | (3,389) | 585 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2016 | |
| 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 |