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: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenue | |||
| Total investment advisory, administration fees and securities lending revenue | $ 9,840 | 9,589 | 8,739 |
| Investment advisory performance fees | 621 | 550 | 561 |
| BlackRock Solutions and advisory | 646 | 635 | 577 |
| Distribution fees | 55 | 70 | 73 |
| Other revenue | 239 | 237 | 230 |
| Total revenue | 11,401 | 11,081 | 10,180 |
| Expense | |||
| Employee compensation and benefits | 4,005 | 3,829 | 3,560 |
| Distribution and servicing costs | 409 | 364 | 353 |
| Amortization of deferred sales commissions | 48 | 56 | 52 |
| Direct fund expenses | 767 | 748 | 657 |
| General and administration | 1,380 | 1,453 | 1,540 |
| Amortization of intangible assets | 128 | 157 | 161 |
| Total expense | 6,737 | 6,607 | 6,323 |
| Operating income | 4,664 | 4,474 | 3,857 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 58 | 165 | 305 |
| Interest and dividend income | 26 | 29 | 22 |
| Interest expense | (204) | (232) | (211) |
| Total nonoperating income (expense) | (62) | (79) | 116 |
| Income before income taxes | 4,602 | 4,395 | 3,973 |
| Income tax expense | 1,250 | 1,131 | 1,022 |
| Net income | 3,352 | 3,264 | 2,951 |
| Net income (loss) attributable to redeemable noncontrolling interests | 1 | 2 | (1) |
| Net income (loss) attributable to nonredeemable noncontrolling interests | 6 | (32) | 20 |
| Net income attributable to BlackRock, Inc. | 3,345 | 3,294 | 2,932 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 20.10 | 19.58 | 17.23 |
| Diluted | 19.79 | 19.25 | 16.87 |
| Cash dividends declared and paid per share | 8.72 | 7.72 | 6.72 |
| Weighted-average common shares outstanding: | |||
| Basic | 166,390,009 | 168,225,154 | 170,185,870 |
| Diluted | 169,038,571 | 171,112,261 | 173,828,902 |
| Related Party Transactions By Related Party | |||
| Related Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 6,875 | 6,738 | 5,991 |
| Other Third Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 2,965 | 2,851 | 2,748 |
| Legal Entity | |||
| Consolidated Variable Interest Entities | |||
| Net gain (loss) on investments | 58 | (41) | |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2015 | |
| 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 |