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: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | |||
| Total investment advisory, administration fees and securities lending revenue | $ 9,589 | 8,739 | 8,072 |
| Investment advisory performance fees | 550 | 561 | 463 |
| BlackRock Solutions and advisory | 635 | 577 | 518 |
| Distribution fees | 70 | 73 | 71 |
| Other revenue | 237 | 230 | 213 |
| Total revenue | 11,081 | 10,180 | 9,337 |
| Expense | |||
| Employee compensation and benefits | 3,829 | 3,560 | 3,287 |
| Distribution and servicing costs | 364 | 353 | 364 |
| Amortization of deferred sales commissions | 56 | 52 | 55 |
| Direct fund expenses | 748 | 657 | 591 |
| General and administration | 1,453 | 1,540 | 1,359 |
| Amortization of intangible assets | 157 | 161 | 157 |
| Total expense | 6,607 | 6,323 | 5,813 |
| Operating income | 4,474 | 3,857 | 3,524 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 165 | 305 | 163 |
| Interest and dividend income | 29 | 22 | 36 |
| Interest expense | (232) | (211) | (215) |
| Total nonoperating income (expense) | (79) | 116 | (54) |
| Income before income taxes | 4,395 | 3,973 | 3,470 |
| Income tax expense | 1,131 | 1,022 | 1,030 |
| Net income | 3,264 | 2,951 | 2,440 |
| Less: | |||
| Net income (loss) attributable to redeemable noncontrolling interests | 2 | (1) | 9 |
| Net income (loss) attributable to nonredeemable noncontrolling interests | (32) | 20 | (27) |
| Net income attributable to BlackRock, Inc. | 3,294 | 2,932 | 2,458 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 19.58 | 17.23 | 14.03 |
| Diluted | 19.25 | 16.87 | 13.79 |
| Cash dividends declared and paid per share | 7.72 | 6.72 | 6.00 |
| Weighted-average common shares outstanding: | |||
| Basic | 168,225,154 | 170,185,870 | 174,961,018 |
| Diluted | 171,112,261 | 173,828,902 | 178,017,679 |
| Related Party | |||
| Related Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 6,738 | 5,991 | 5,292 |
| Other Third Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 2,851 | 2,748 | 2,780 |
| Legal Entity | |||
| Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure | |||
| Net gain (loss) on consolidated variable interest entities | (41) | 0 | (38) |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2014 | |
| 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 |