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: 2011 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenue | |||
| Investment advisory, administration fees and securities lending revenue | $ 7,896 | 7,290 | 3,826 |
| Investment advisory performance fees | 371 | 540 | 202 |
| BlackRock Solutions and advisory | 510 | 460 | 477 |
| Distribution fees | 100 | 116 | 100 |
| Other revenue | 204 | 206 | 95 |
| Total revenue | 9,081 | 8,612 | 4,700 |
| Expenses | |||
| Employee compensation and benefits | 3,199 | 3,097 | 1,802 |
| Amortization of deferred sales commissions | 81 | 102 | 100 |
| Direct fund expenses | 563 | 493 | 95 |
| General and administration | 1,415 | 1,354 | 779 |
| Restructuring charges | 32 | 22 | |
| Amortization of intangible assets | 156 | 160 | 147 |
| Total expenses | 5,832 | 5,614 | 3,422 |
| Operating income | 3,249 | 2,998 | 1,278 |
| Non-operating income (expense) | |||
| Net gain (loss) on investments | 46 | 179 | 42 |
| Net gain (loss) on consolidated variable interest entities | 23 | 141 | 30 |
| Interest and dividend income | 34 | 29 | 20 |
| Interest expense | (176) | (150) | (68) |
| Total non-operating income (expense) | (114) | 23 | (6) |
| Income before income taxes | 3,135 | 3,021 | 1,272 |
| Income tax expense | 796 | 971 | 375 |
| Net income | 2,339 | 2,050 | 897 |
| Less: | |||
| Net income (loss) attributable to redeemable non-controlling interests | 3 | 2 | |
| Net income (loss) attributable to nonredeemable non-controlling interests | 2 | (16) | 20 |
| Net income attributable to BlackRock, Inc. | 2,337 | 2,063 | 875 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 12.56 | 10.67 | 6.24 |
| Diluted | 12.37 | 10.55 | 6.11 |
| Cash dividends declared and paid per share | 5.50 | 4.00 | 3.12 |
| Weighted-average common shares outstanding: | |||
| Basic | 184,265,367 | 190,554,510 | 136,669,164 |
| Diluted | 187,116,410 | 192,692,047 | 139,481,449 |
| Affiliates And Non Affiliates | |||
| Related Parties | |||
| Investment advisory, administration fees and securities lending revenue | 5,303 | 4,893 | 2,616 |
| Distribution and servicing costs | 5 | 226 | 368 |
| Other Third Parties | |||
| Investment advisory, administration fees and securities lending revenue | 2,593 | 2,397 | 1,210 |
| Distribution and servicing costs | 381 | 182 | 109 |
| Legal Entity | |||
| Variable Interest Entity, Primary Beneficiary | |||
| Net gain (loss) on consolidated variable interest entities | (18) | (35) | |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2011 | |
| 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 |