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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | |||
| Total investment advisory, administration fees and securities lending revenue | $ 10,893 | 9,880 | 9,840 |
| Investment advisory performance fees | 594 | 295 | 621 |
| Technology and risk management revenue | 677 | 595 | 528 |
| Distribution fees | 24 | 41 | 55 |
| Advisory and other revenue | 303 | 344 | 357 |
| Total revenue | 12,491 | 11,155 | 11,401 |
| Expense | |||
| Employee compensation and benefits | 4,255 | 3,880 | 4,005 |
| Distribution and servicing costs | 492 | 429 | 409 |
| Amortization of deferred sales commissions | 17 | 34 | 48 |
| Direct fund expense | 904 | 766 | 767 |
| General and administration | 1,462 | 1,301 | 1,380 |
| Restructuring charge | 0 | 76 | 0 |
| Amortization of intangible assets | 89 | 99 | 128 |
| Total expense | 7,219 | 6,585 | 6,737 |
| Operating income | 5,272 | 4,570 | 4,664 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 161 | 55 | 116 |
| Interest and dividend income | 49 | 40 | 26 |
| Interest expense | (205) | (205) | (204) |
| Total nonoperating income (expense) | 5 | (110) | (62) |
| Income before income taxes | 5,277 | 4,460 | 4,602 |
| Income tax expense | 270 | 1,290 | 1,250 |
| Net income | 5,007 | 3,170 | 3,352 |
| Net income (loss) attributable to noncontrolling interests | 37 | (2) | 7 |
| Net income attributable to BlackRock, Inc. | 4,970 | 3,172 | 3,345 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 30.65 | 19.29 | 20.10 |
| Diluted | 30.23 | 19.04 | 19.79 |
| Cash dividends declared and paid per share | 10.00 | 9.16 | 8.72 |
| Weighted-average common shares outstanding: | |||
| Basic | 162,160,601 | 164,425,858 | 166,390,009 |
| Diluted | 164,415,035 | 166,579,752 | 169,038,571 |
| Related Party | |||
| Related Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 7,740 | 6,836 | 6,875 |
| Other Third Parties | |||
| Total investment advisory, administration fees and securities lending revenue | 3,153 | 3,044 | 2,965 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2017 | |
| 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 |