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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating activities | |||
| Net income | $ 5,286 | 4,526 | 4,302 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Depreciation and amortization | 358 | 296 | 220 |
| Noncash lease expense | 118 | 109 | |
| Stock-based compensation | 622 | 567 | 564 |
| Deferred income tax expense (benefit) | (157) | 17 | (226) |
| Charitable Contribution | 589 | ||
| Gain related to the Charitable Contribution | (122) | ||
| Contingent consideration fair value adjustments | 23 | 53 | 65 |
| Other investment gains | (244) | (30) | (50) |
| Net (gains) losses within consolidated sponsored investment products | (501) | (254) | 149 |
| Net (purchases) proceeds within consolidated sponsored investment products | (2,282) | (1,746) | (1,938) |
| (Earnings) losses from equity method investees | (148) | (116) | (94) |
| Distributions of earnings from equity method investees | 32 | 70 | 30 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (313) | (433) | 4 |
| Investments, trading | 160 | (21) | 179 |
| Other assets | (60) | 141 | (223) |
| Accrued compensation and benefits | 487 | 58 | (230) |
| Accounts payable and accrued liabilities | (115) | (111) | 43 |
| Other liabilities | 10 | (242) | 280 |
| Net cash provided by/(used in) operating activities | 3,743 | 2,884 | 3,075 |
| Investing activities | |||
| Purchases of investments | (359) | (693) | (327) |
| Proceeds from sales and maturities of investments | 187 | 417 | 449 |
| Distributions of capital from equity method investees | 183 | 136 | 24 |
| Net consolidations (deconsolidations) of sponsored investment funds | (71) | (110) | (51) |
| Acquisitions, net of cash acquired | (1,510) | (699) | |
| Purchases of property and equipment | (194) | (254) | (204) |
| Net cash provided by/(used in) investing activities | (254) | (2,014) | (808) |
| Financing activities | |||
| Proceeds from long-term borrowings | 2,245 | 992 | |
| Repayments of long-term borrowings | (1,000) | ||
| Cash dividends paid | (2,260) | (2,096) | (1,968) |
| Repurchases of common stock | (1,809) | (1,911) | (2,087) |
| Net proceeds from (repayments of) borrowings by consolidated sponsored investment products | 51 | 111 | 40 |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 2,051 | 1,458 | 1,263 |
| Other financing activities | (34) | (137) | (13) |
| Net cash provided by/(used in) financing activities | 244 | (2,583) | (2,765) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 102 | 54 | (93) |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 3,835 | (1,659) | (591) |
| Cash, cash equivalents and restricted cash, beginning of year | 4,846 | 6,505 | |
| Cash, cash equivalents and restricted cash, end of year | 8,681 | 4,846 | 6,505 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 183 | 193 | 177 |
| Income taxes (net of refunds) | 1,308 | 1,168 | 1,159 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 515 | 549 | 652 |
| PNC preferred stock capital contribution | 60 | 58 | |
| Charitable Contribution of an investment | (589) | ||
| Increase/(decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (1,414) | (1,292) | (560) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2020 | |
| 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 |