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: 2010 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue | |||
| Investment advisory, administration fees and securities lending revenue | |||
| Related parties | $ 4,893 | 2,616 | 2,962 |
| Other third parties | 2,397 | 1,210 | 1,295 |
| Total investment advisory, administration fees and securities lending revenue | 7,290 | 3,826 | 4,257 |
| Investment advisory performance fees | 540 | 202 | 177 |
| BlackRock Solutions and advisory | 460 | 477 | 393 |
| Distribution fees | 116 | 100 | 139 |
| Other revenue | 206 | 95 | 98 |
| Total revenue | 8,612 | 4,700 | 5,064 |
| Expenses | |||
| Employee compensation and benefits | 3,097 | 1,802 | 1,815 |
| Distribution and servicing costs | |||
| Related parties | 226 | 368 | 495 |
| Other third parties | 182 | 109 | 96 |
| Amortization of deferred sales commissions | 102 | 100 | 130 |
| Direct fund expenses | 493 | 95 | 86 |
| General and administration | 1,354 | 779 | 665 |
| Restructuring charges | 22 | 38 | |
| Amortization of intangible assets | 160 | 147 | 146 |
| Total expenses | 5,614 | 3,422 | 3,471 |
| Operating income | 2,998 | 1,278 | 1,593 |
| Non-operating income (expense) | |||
| Net gain (loss) on investments | 179 | 42 | (573) |
| Net gain (loss) on consolidated variable interest entities | (35) | ||
| Interest and dividend income | 29 | 20 | 65 |
| Interest expense | (150) | (68) | (69) |
| Total non-operating income (expense) | 23 | (6) | (577) |
| Income before income taxes | 3,021 | 1,272 | 1,016 |
| Income tax expense | 971 | 375 | 387 |
| Net income | 2,050 | 897 | 629 |
| Less: | |||
| Net income (loss) attributable to redeemable non-controlling interests | 3 | 2 | (1) |
| Net income (loss) attributable to nonredeemable non-controlling interests | (16) | 20 | (154) |
| Net income attributable to BlackRock, Inc. | 2,063 | 875 | 784 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 10.67 | 6.24 | 5.86 |
| Diluted | 10.55 | 6.11 | 5.78 |
| Cash dividends declared and paid per share | 4.00 | 3.12 | 3.12 |
| Weighted-average common shares outstanding: | |||
| Basic | 190,554,510 | 136,669,164 | 129,543,443 |
| Diluted | 192,692,047 | 139,481,449 | 131,376,517 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2010 | |
| 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 |