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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 28, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating activities | |||
| Net income | $ 4,526 | 4,302 | 4,989 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Depreciation and amortization | 405 | 220 | 240 |
| Stock-based compensation | 567 | 564 | 542 |
| Deferred income tax expense (benefit) | 17 | (226) | (1,221) |
| Contingent consideration fair value adjustments | 53 | 65 | 8 |
| Other gains | (30) | (50) | |
| Net (gains) losses within consolidated sponsored investment products | (254) | 149 | (218) |
| Net (purchases) proceeds within consolidated sponsored investment products | (1,746) | (1,938) | (570) |
| (Earnings) losses from equity method investees | (116) | (94) | (122) |
| Distributions of earnings from equity method investees | 70 | 30 | 35 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (433) | 4 | (521) |
| Investments, trading | (21) | 179 | 146 |
| Other assets | 141 | (223) | (173) |
| Accrued compensation and benefits | 58 | (230) | 276 |
| Accounts payable and accrued liabilities | (111) | 43 | 308 |
| Other liabilities | (242) | 280 | 231 |
| Net cash provided by/(used in) operating activities | 2,884 | 3,075 | 3,950 |
| Investing activities | |||
| Purchases of investments | (693) | (327) | (489) |
| Proceeds from sales and maturities of investments | 417 | 449 | 166 |
| Distributions of capital from equity method investees | 136 | 24 | 32 |
| Net consolidations (deconsolidations) of sponsored investment funds | (110) | (51) | (60) |
| Acquisitions, net of cash acquired | (1,510) | (699) | (102) |
| Purchases of property and equipment | (254) | (204) | (155) |
| Net cash provided by/(used in) investing activities | (2,014) | (808) | (608) |
| Financing activities | |||
| Proceeds from long-term borrowings | 992 | 697 | |
| Repayments of long-term borrowings | (1,000) | (700) | |
| Cash dividends paid | (2,096) | (1,968) | (1,662) |
| Repurchases of common stock | (1,911) | (2,087) | (1,421) |
| Net proceeds from (repayments of) borrowings by consolidated sponsored investment products | 111 | 40 | |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 1,458 | 1,263 | 464 |
| Other financing activities | (137) | (13) | (8) |
| Net cash provided by/(used in) financing activities | (2,583) | (2,765) | (2,630) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 54 | (93) | 192 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (1,659) | (591) | 904 |
| Cash, cash equivalents and restricted cash, beginning of year | 6,505 | 7,096 | |
| Cash, cash equivalents and restricted cash, end of year | 4,846 | 6,505 | 7,096 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 193 | 177 | 205 |
| Income taxes (net of refunds) | 1,168 | 1,159 | 1,124 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 549 | 652 | 626 |
| PNC preferred stock capital contribution | 60 | 58 | 193 |
| Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (1,292) | (560) | (281) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2019 | |
| 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 |