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: 2012 | |||
Consolidated Statements Of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 1, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue | |||
| Investment advisory, administration fees and securities lending revenue | $ 8,072 | 7,896 | 7,290 |
| Investment advisory performance fees | 463 | 371 | 540 |
| BlackRock Solutions and advisory | 518 | 510 | 460 |
| Distribution fees | 71 | 100 | 116 |
| Other revenue | 213 | 204 | 206 |
| Total revenue | 9,337 | 9,081 | 8,612 |
| Expenses | |||
| Employee compensation and benefits | 3,287 | 3,199 | 3,097 |
| Amortization of deferred sales commissions | 55 | 81 | 102 |
| Direct fund expenses | 591 | 563 | 493 |
| General and administration | 1,359 | 1,415 | 1,354 |
| Restructuring charges | 32 | ||
| Amortization of intangible assets | 157 | 156 | 160 |
| Total expenses | 5,813 | 5,832 | 5,614 |
| Operating income | 3,524 | 3,249 | 2,998 |
| Non-operating income (expense) | |||
| Net gain (loss) on investments | 163 | 46 | 179 |
| Interest and dividend income | 36 | 34 | 29 |
| Interest expense | (215) | (176) | (150) |
| Total non-operating income (expense) | (54) | (114) | 23 |
| Income before income taxes | 3,470 | 3,135 | 3,021 |
| Income tax expense | 1,030 | 796 | 971 |
| Net income | 2,440 | 2,339 | 2,050 |
| Less: | |||
| Net income (loss) attributable to redeemable non-controlling interests | 9 | 3 | |
| Net income (loss) attributable to nonredeemable non-controlling interests | (27) | 2 | (16) |
| Net income attributable to BlackRock, Inc. | 2,458 | 2,337 | 2,063 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 14.03 | 12.56 | 10.67 |
| Diluted | 13.79 | 12.37 | 10.55 |
| Cash dividends declared and paid per share | 6.00 | 5.50 | 4.00 |
| Weighted-average common shares outstanding: | |||
| Basic | 174,961,018 | 184,265,367 | 190,554,510 |
| Diluted | 178,017,679 | 187,116,410 | 192,692,047 |
| Related Party | |||
| Related Parties | |||
| Investment advisory, administration fees and securities lending revenue | 5,292 | 5,303 | 4,893 |
| Distribution and servicing costs | 4 | 5 | 226 |
| Other Third Parties | |||
| Investment advisory, administration fees and securities lending revenue | 2,780 | 2,593 | 2,397 |
| Distribution and servicing costs | 360 | 381 | 182 |
| Legal Entity | |||
| Variable Interest Entity, Primary Beneficiary | |||
| Net gain (loss) on consolidated variable interest entities | (38) | (18) | (35) |
| Net income (loss) attributable to nonredeemable non-controlling interests | (38) | (18) | (35) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2012 | |
| 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 |