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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenue | |||
| Total investment advisory, administration fees and securities lending revenue | $ 9,880 | 9,840 | 9,589 |
| Investment advisory performance fees | 295 | 621 | 550 |
| BlackRock Solutions and advisory | 714 | 646 | 635 |
| Distribution fees | 41 | 55 | 70 |
| Other revenue | 225 | 239 | 237 |
| Total revenue | 11,155 | 11,401 | 11,081 |
| Expense | |||
| Employee compensation and benefits | 3,880 | 4,005 | 3,829 |
| Distribution and servicing costs | 429 | 409 | 364 |
| Amortization of deferred sales commissions | 34 | 48 | 56 |
| Direct fund expense | 766 | 767 | 748 |
| General and administration | 1,301 | 1,380 | 1,453 |
| Restructuring charge | 76 | 0 | 0 |
| Amortization of intangible assets | 99 | 128 | 157 |
| Total expense | 6,585 | 6,737 | 6,607 |
| Operating income | 4,570 | 4,664 | 4,474 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 55 | 116 | 124 |
| Interest and dividend income | 40 | 26 | 29 |
| Interest expense | (205) | (204) | (232) |
| Total nonoperating income (expense) | (110) | (62) | (79) |
| Income before income taxes | 4,460 | 4,602 | 4,395 |
| Income tax expense | 1,290 | 1,250 | 1,131 |
| Net income | 3,170 | 3,352 | 3,264 |
| Net income (loss) attributable to noncontrolling interests | (2) | 7 | (30) |
| Net income attributable to BlackRock, Inc. | 3,172 | 3,345 | 3,294 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 19.29 | 20.10 | 19.58 |
| Diluted | 19.04 | 19.79 | 19.25 |
| Cash dividends declared and paid per share | 9.16 | 8.72 | 7.72 |
| Weighted-average common shares outstanding: | |||
| Basic | 164,425,858 | 166,390,009 | 168,225,154 |
| Diluted | 166,579,752 | 169,038,571 | 171,112,261 |
| Related Party | |||
| Related Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 6,836 | 6,875 | 6,738 |
| Other Third Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 3,044 | 2,965 | 2,851 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2016 | |
| 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 |