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: 2009 | |||
Statement Of Income Securities Based Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Mar 10, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenue | |||
| Investment advisory, administration fees and securities lending revenue | |||
| Related parties | $ 2,616 | 2,962 | 2,640 |
| Other third parties | 1,210 | 1,295 | 1,397 |
| Investment advisory, administration fees and securities lending revenue | 3,826 | 4,257 | 4,037 |
| Investment advisory performance fees | 202 | 177 | 350 |
| BlackRock Solutions and advisory | 477 | 393 | 190 |
| Distribution fees | 100 | 139 | 123 |
| Other revenue | 95 | 98 | 145 |
| Total revenue | 4,700 | 5,064 | 4,845 |
| Expenses | |||
| Employee compensation and benefits | 1,802 | 1,815 | 1,767 |
| Distribution and servicing costs | |||
| Related parties | 368 | 495 | 470 |
| Other third parties | 109 | 96 | 69 |
| Amortization of deferred mutual fund sales commissions | 100 | 130 | 108 |
| Direct fund expenses | 95 | 86 | 80 |
| General and administration | 779 | 665 | 799 |
| Restructuring charges | 22 | 38 | 0 |
| Termination of closed-end fund administration and servicing arrangements | 0 | 0 | 128 |
| Amortization of intangible assets | 147 | 146 | 130 |
| Total expenses | 3,422 | 3,471 | 3,551 |
| Operating income | 1,278 | 1,593 | 1,294 |
| Non-operating income (expense) | |||
| Net gain (loss) on investments | 42 | (573) | 504 |
| Interest and dividend income | 20 | 65 | 74 |
| Interest expense | (68) | (69) | (52) |
| Total non-operating income (expense) | (6) | (577) | 526 |
| Income before income taxes | 1,272 | 1,016 | 1,820 |
| Income tax expense | 375 | 387 | 463 |
| Net income | 897 | 629 | 1,357 |
| Less: | |||
| Net income (loss) attributable to redeemable non-controlling interests | 2 | (1) | 2 |
| Net income (loss) attributable to nonredeemable non-controlling interests | 20 | (154) | 362 |
| Net income attributable to BlackRock, Inc. | 875 | 784 | 993 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 6.24 | 5.86 | 7.53 |
| Diluted | 6.11 | 5.78 | 7.37 |
| Cash dividends declared and paid per share | 3.12 | 3.12 | 2.68 |
| Weighted-average common shares outstanding: | |||
| Basic | 136,669,164 | 129,543,443 | 128,488,561 |
| Diluted | 139,481,449 | 131,376,517 | 131,378,061 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2009 | |
| 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 |