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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 28, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenue | |||
| Total revenue | $ 14,539 | 14,198 | 13,600 |
| Expense | |||
| Employee compensation and benefits | 4,470 | 4,320 | 4,253 |
| Distribution and servicing costs | 1,685 | 1,675 | 1,663 |
| Direct fund expense | 978 | 998 | 895 |
| General and administration | 1,758 | 1,638 | 1,446 |
| Restructuring charge | 60 | ||
| Amortization of intangible assets | 97 | 50 | 89 |
| Total expense | 8,988 | 8,741 | 8,346 |
| Operating income | 5,551 | 5,457 | 5,254 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 342 | 1 | 161 |
| Interest and dividend income | 97 | 104 | 49 |
| Interest expense | (203) | (184) | (205) |
| Total nonoperating income (expense) | 236 | (79) | 5 |
| Income before income taxes | 5,787 | 5,378 | 5,259 |
| Income tax expense | 1,261 | 1,076 | 270 |
| Net income | 4,526 | 4,302 | 4,989 |
| Net income (loss) attributable to noncontrolling interests | 50 | (3) | 37 |
| Net income attributable to BlackRock, Inc. | 4,476 | 4,305 | 4,952 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 28.69 | 26.86 | 30.54 |
| Diluted | 28.43 | 26.58 | 30.12 |
| Weighted-average common shares outstanding: | |||
| Basic | 156,014,343 | 160,301,116 | 162,160,601 |
| Diluted | 157,459,546 | 161,948,732 | 164,415,035 |
| Product and Service | |||
| Investment Advisory, Administration Fees and Securities Lending Revenue | |||
| Related Party | |||
| Related Parties | |||
| Total revenue | 8,323 | 8,226 | 7,692 |
| Total revenue | 11,777 | 11,553 | 10,868 |
| Other Third Parties | |||
| Total revenue | 3,454 | 3,327 | 3,176 |
| Investment Advisory Performance Fees | |||
| Total revenue | 450 | 412 | 594 |
| Technology Services Revenue | |||
| Total revenue | 974 | 785 | 657 |
| Distribution Fees | |||
| Total revenue | 1,069 | 1,155 | 1,183 |
| Advisory and Other Revenue | |||
| Total revenue | 269 | 293 | 298 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2019 | |
| 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 |