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: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenue | |||
| Total revenue | $ 14,198 | 13,600 | 12,261 |
| Expense | |||
| Employee compensation and benefits | 4,320 | 4,253 | 3,878 |
| Distribution and servicing costs | 1,675 | 1,663 | 1,608 |
| Direct fund expense | 998 | 895 | 757 |
| General and administration | 1,638 | 1,446 | 1,278 |
| Restructuring charge | 60 | 76 | |
| Amortization of intangible assets | 50 | 89 | 99 |
| Total expense | 8,741 | 8,346 | 7,696 |
| Operating income | 5,457 | 5,254 | 4,565 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 1 | 161 | 55 |
| Interest and dividend income | 104 | 49 | 40 |
| Interest expense | (184) | (205) | (205) |
| Total nonoperating income (expense) | (79) | 5 | (110) |
| Income before income taxes | 5,378 | 5,259 | 4,455 |
| Income tax expense | 1,076 | 270 | 1,289 |
| Net income | 4,302 | 4,989 | 3,166 |
| Net income (loss) attributable to noncontrolling interests | (3) | 37 | (2) |
| Net income attributable to BlackRock, Inc. | 4,305 | 4,952 [1] | 3,168 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 26.86 | 30.54 | 19.27 |
| Diluted | 26.58 | 30.12 | 19.02 |
| Cash dividends declared and paid per share | 12.02 | 10.00 | 9.16 |
| Weighted-average common shares outstanding: | |||
| Basic | 160,301,116 | 162,160,601 | 164,425,858 |
| Diluted | 161,948,732 | 164,415,035 | 166,579,752 |
| Product and Service | |||
| Investment Advisory, Administration Fees and Securities Lending Revenue | |||
| Total revenue | 11,553 | 10,868 | 9,848 |
| Related Party | |||
| Related Parties | |||
| Total revenue | 8,226 | 7,692 | 6,785 |
| Other Third Parties | |||
| Total revenue | 3,327 | 3,176 | 3,063 |
| Investment Advisory Performance Fees | |||
| Total revenue | 412 | 594 | 295 |
| Technology Services Revenue | |||
| Total revenue | 785 | 657 | 588 |
| Distribution Fees | |||
| Total revenue | 1,155 | 1,183 | 1,198 |
| Advisory and Other Revenue | |||
| Total revenue | 293 | 298 | 332 |
| [1] Results for 2017 and 2016 were recast to reflect the adoption of the new revenue recognition standard. See Note 2, Significant Accounting Policies, for further information on the adoption of the new revenue recognition standard. | |||
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2018 | |
| 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 |