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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities | |||
| Net income | $ 4,994 | 6,205 | 5,286 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Depreciation and amortization | 418 | 415 | 358 |
| Noncash lease expense | 165 | 144 | 118 |
| Stock-based compensation | 708 | 734 | 622 |
| Deferred income tax expense (benefit) | 602 | (865) | (157) |
| Charitable Contribution | 0 | 0 | 589 |
| Gain related to the Charitable Contribution | 0 | 0 | (122) |
| Contingent consideration fair value adjustments | 3 | 34 | 23 |
| Other investment gains | (268) | (165) | (244) |
| Net (gains) losses within CIPs | 400 | (302) | (501) |
| Net (purchases) proceeds within CIPs | (1,190) | (1,683) | (2,282) |
| (Earnings) losses from equity method investees | (29) | (315) | (148) |
| Distributions of earnings from equity method investees | 50 | 84 | 32 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 416 | (322) | (313) |
| Investments, trading | 196 | 323 | 160 |
| Other assets | (166) | (172) | (60) |
| Accrued compensation and benefits | (711) | 412 | 487 |
| Accounts payable and accrued liabilities | (151) | 342 | (115) |
| Other liabilities | (481) | 75 | 10 |
| Net cash provided by/(used in) operating activities | 4,956 | 4,944 | 3,743 |
| Investing activities | |||
| Purchases of investments | (824) | (910) | (359) |
| Proceeds from sales and maturities of investments | 242 | 429 | 187 |
| Distributions of capital from equity method investees | 70 | 95 | 183 |
| Net consolidations (deconsolidations) of sponsored investment funds | (85) | (104) | (71) |
| Acquisitions, net of cash acquired | 0 | (1,106) | 0 |
| Purchases of property and equipment | (533) | (341) | (194) |
| Net cash provided by/(used in) investing activities | (1,130) | (1,937) | (254) |
| Financing activities | |||
| Proceeds from long-term borrowings | 0 | 991 | 2,245 |
| Repayments of long-term borrowings | (750) | (750) | 0 |
| Cash dividends paid | (2,990) | (2,547) | (2,260) |
| Proceeds from stock options exercised | 11 | 0 | 0 |
| Repurchases of common stock | (2,332) | (1,485) | (1,809) |
| Net proceeds from (repayments of) borrowings by CIPs | (26) | 32 | 51 |
| Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders | 618 | 1,475 | 2,051 |
| Other financing activities | 27 | (3) | (34) |
| Net cash provided by/(used in) financing activities | (5,442) | (2,287) | 244 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (291) | (61) | 102 |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | (1,907) | 659 | 3,835 |
| Cash, cash equivalents and restricted cash, beginning of year | 9,340 | 8,681 | |
| Cash, cash equivalents and restricted cash, end of year | 7,433 | 9,340 | 8,681 |
| Supplemental disclosure of cash flow information: | |||
| Interest | 177 | 189 | 183 |
| Income taxes (net of refunds) | 1,067 | 2,720 | 1,308 |
| Supplemental schedule of noncash investing and financing transactions: | |||
| Issuance of common stock | 576 | 387 | 515 |
| Charitable Contribution of an investment | 0 | 0 | (589) |
| Increase/(decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds | (593) | (2,952) | (1,414) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2022 | |
| 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 |