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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating activities | |||
| Net income | $ 4,302 | 4,989 | 3,166 |
| Adjustments to reconcile net income to cash flows from operating activities: | |||
| Depreciation and amortization | 220 | 240 | 263 |
| Stock-based compensation | 564 | 542 | 521 |
| Deferred income tax expense (benefit) | (226) | (1,221) | (15) |
| Contingent consideration fair value adjustments | 65 | 8 | (2) |
| Other gains | (50) | ||
| Assets and liabilities of consolidated VIEs: | |||
| Net (gains) losses within consolidated VIEs | 105 | (118) | (16) |
| Net (purchases) proceeds within consolidated VIEs | (1,683) | (302) | (816) |
| (Earnings) losses from equity method investees | (94) | (122) | (113) |
| Distributions of earnings from equity method investees | 30 | 35 | 31 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 4 | (521) | (65) |
| Investments, trading | (32) | (222) | (449) |
| Other assets | (223) | (173) | (153) |
| Accrued compensation and benefits | (230) | 276 | (86) |
| Accounts payable and accrued liabilities | 43 | 308 | 26 |
| Other liabilities | 280 | 231 | (19) |
| Net cash provided by/(used in) operating activities | 3,075 | 3,950 | 2,273 |
| Investing activities | |||
| Purchases of investments | (327) | (489) | (377) |
| Proceeds from sales and maturities of investments | 449 | 166 | 378 |
| Distributions of capital from equity method investees | 24 | 32 | 34 |
| Net consolidations (deconsolidations) of sponsored investment funds | (51) | (60) | (257) |
| Acquisitions, net of cash acquired | (699) | (102) | (30) |
| Purchases of property and equipment | (204) | (155) | (119) |
| Net cash provided by/(used in) investing activities | (808) | (608) | (371) |
| Financing activities | |||
| Proceeds from long-term borrowings | 697 | ||
| Repayments of long-term borrowings | (700) | ||
| Cash dividends paid | (1,968) | (1,662) | (1,545) |
| Proceeds from stock options exercised | 26 | ||
| Repurchases of common stock | (2,087) | (1,421) | (1,399) |
| Net proceeds from (repayments of) borrowings by consolidated VIEs | 40 | ||
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 1,263 | 464 | 1,146 |
| Excess tax benefit from stock-based compensation | 82 | ||
| Other financing activities | (13) | (8) | 5 |
| Net cash provided by/(used in) financing activities | (2,765) | (2,630) | (1,685) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (93) | 192 | (273) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (591) | 904 | (56) |
| Cash, cash equivalents and restricted cash, beginning of year | 7,096 | 6,192 | |
| Cash, cash equivalents and restricted cash, end of year | 6,505 | 7,096 | 6,192 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 177 | 205 | 198 |
| Income taxes (net of refunds) | 1,159 | 1,124 | 1,365 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 652 | 626 | 667 |
| PNC preferred stock capital contribution | 58 | 193 | 172 |
| Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (560) | (281) | (1,439) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2018 | |
| 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 |