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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating activities | |||
| Net income | $ 6,205 | 5,286 | 4,526 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Depreciation and amortization | 415 | 358 | 296 |
| Noncash lease expense | 144 | 118 | 109 |
| Stock-based compensation | 734 | 622 | 567 |
| Deferred income tax expense (benefit) | (865) | (157) | 17 |
| Charitable Contribution | 589 | ||
| Gain related to the Charitable Contribution | (122) | ||
| Contingent consideration fair value adjustments | 34 | 23 | 53 |
| Other investment gains | (165) | (244) | (30) |
| Net (gains) losses within CIPs | (302) | (501) | (254) |
| Net (purchases) proceeds within CIPs | (1,683) | (2,282) | (1,746) |
| (Earnings) losses from equity method investees | (315) | (148) | (116) |
| Distributions of earnings from equity method investees | 84 | 32 | 70 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (322) | (313) | (433) |
| Investments, trading | 323 | 160 | (21) |
| Other assets | (172) | (60) | 141 |
| Accrued compensation and benefits | 412 | 487 | 58 |
| Accounts payable and accrued liabilities | 342 | (115) | (111) |
| Other liabilities | 75 | 10 | (242) |
| Net cash provided by/(used in) operating activities | 4,944 | 3,743 | 2,884 |
| Investing activities | |||
| Purchases of investments | (910) | (359) | (693) |
| Proceeds from sales and maturities of investments | 429 | 187 | 417 |
| Distributions of capital from equity method investees | 95 | 183 | 136 |
| Net consolidations (deconsolidations) of sponsored investment funds | (104) | (71) | (110) |
| Acquisitions, net of cash acquired | (1,106) | (1,510) | |
| Purchases of property and equipment | (341) | (194) | (254) |
| Net cash provided by/(used in) investing activities | (1,937) | (254) | (2,014) |
| Financing activities | |||
| Proceeds from long-term borrowings | 991 | 2,245 | 992 |
| Repayments of long-term borrowings | (750) | (1,000) | |
| Cash dividends paid | (2,547) | (2,260) | (2,096) |
| Repurchases of common stock | (1,485) | (1,809) | (1,911) |
| Net proceeds from (repayments of) borrowings by CIPs | 32 | 51 | 111 |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 1,475 | 2,051 | 1,458 |
| Other financing activities | (3) | (34) | (137) |
| Net cash provided by/(used in) financing activities | (2,287) | 244 | (2,583) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (61) | 102 | 54 |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 659 | 3,835 | (1,659) |
| Cash, cash equivalents and restricted cash, beginning of year | 8,681 | 4,846 | |
| Cash, cash equivalents and restricted cash, end of year | 9,340 | 8,681 | 4,846 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 189 | 183 | 193 |
| Income taxes (net of refunds) | 2,720 | 1,308 | 1,168 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 387 | 515 | 549 |
| PNC preferred stock capital contribution | 60 | ||
| Charitable Contribution of an investment | (589) | ||
| Increase/(decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (2,952) | (1,414) | (1,292) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2021 | |
| 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 |