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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities | |||
| Net income | $ 5,007 | 3,170 | 3,352 |
| Adjustments to reconcile net income to cash flows from operating activities: | |||
| Depreciation and amortization | 240 | 263 | 295 |
| Stock-based compensation | 542 | 521 | 514 |
| Deferred income tax expense (benefit) | (1,221) | (14) | (156) |
| Other gains | 0 | 0 | (40) |
| Assets and liabilities of consolidated VIEs: | |||
| Change in cash and cash equivalents | (81) | (119) | (98) |
| Net (gains) losses within consolidated VIEs | (118) | (16) | (58) |
| Net (purchases) proceeds within consolidated VIEs | (302) | (816) | (227) |
| (Earnings) losses from equity method investees | (122) | (113) | (91) |
| Distributions of earnings from equity method investees | 35 | 31 | 41 |
| Other adjustments | 0 | 0 | 14 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (521) | (65) | (82) |
| Investments, trading | (222) | (449) | (584) |
| Other assets | (212) | (151) | (195) |
| Accrued compensation and benefits | 276 | (86) | 98 |
| Accounts payable and accrued liabilities | 308 | 26 | (41) |
| Other liabilities | 219 | (28) | 262 |
| Cash flows from operating activities | 3,828 | 2,154 | 3,004 |
| Cash flows from investing activities | |||
| Purchases of investments | (489) | (377) | (330) |
| Proceeds from sales and maturities of investments | 166 | 378 | 456 |
| Distributions of capital from equity method investees | 32 | 34 | 66 |
| Net consolidations (deconsolidations) of sponsored investment funds | (39) | (74) | (163) |
| Acquisitions, net of cash acquired | (102) | (30) | (273) |
| Purchases of property and equipment | (155) | (119) | (221) |
| Cash flows from investing activities | (587) | (188) | (465) |
| Cash flows from financing activities | |||
| Proceeds from long-term borrowings | 697 | 0 | 787 |
| Repayments of long-term borrowings | (700) | 0 | (750) |
| Cash dividends paid | (1,662) | (1,545) | (1,476) |
| Proceeds from stock options exercised | 0 | 26 | 126 |
| Repurchases of common stock | (1,421) | (1,399) | (1,331) |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 464 | 1,146 | 484 |
| Excess tax benefit from stock-based compensation | 0 | 82 | 105 |
| Other financing activities | (8) | 5 | (9) |
| Cash flows from financing activities | (2,630) | (1,685) | (2,064) |
| Effect of exchange rate changes on cash and cash equivalents | 192 | (273) | (115) |
| Net increase (decrease) in cash and cash equivalents | 803 | 8 | 360 |
| Cash and cash equivalents, beginning of year | 6,091 | 6,083 | |
| Cash and cash equivalents, end of year | 6,894 | 6,091 | 6,083 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 205 | 198 | 194 |
| Income taxes (net of refunds) | 1,124 | 1,365 | 1,276 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 626 | 667 | 600 |
| PNC preferred stock capital contribution | 193 | 172 | 0 |
| Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (281) | (1,439) | (104) |
| Increase (decrease) in borrowings due to consolidation/deconsolidation of VIEs | 0 | 0 | (3,389) |
| 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 |