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: 2020 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenue | |||
| Total revenue | $ 16,205 | 14,539 | 14,198 |
| Expense | |||
| Employee compensation and benefits | 5,041 | 4,470 | 4,320 |
| Distribution and servicing costs | 1,835 | 1,685 | 1,675 |
| Direct fund expense | 1,063 | 978 | 998 |
| General and administration | 2,465 | 1,758 | 1,638 |
| Restructuring charge | 60 | ||
| Amortization of intangible assets | 106 | 97 | 50 |
| Total expense | 10,510 | 8,988 | 8,741 |
| Operating income | 5,695 | 5,551 | 5,457 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 972 | 342 | 1 |
| Interest and dividend income | 62 | 97 | 104 |
| Interest expense | (205) | (203) | (184) |
| Total nonoperating income (expense) | 829 | 236 | (79) |
| Income before income taxes | 6,524 | 5,787 | 5,378 |
| Income tax expense | 1,238 | 1,261 | 1,076 |
| Net income | 5,286 | 4,526 | 4,302 |
| Net income (loss) attributable to noncontrolling interests | 354 | 50 | (3) |
| Net income attributable to BlackRock, Inc. | 4,932 | 4,476 | 4,305 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 32.13 | 28.69 | 26.86 |
| Diluted | 31.85 | 28.43 | 26.58 |
| Weighted-average common shares outstanding: | |||
| Basic | 153,489,422 | 156,014,343 | 160,301,116 |
| Diluted | 154,840,582 | 157,459,546 | 161,948,732 |
| Product and Service | |||
| Investment Advisory, Administration Fees and Securities Lending Revenue | |||
| Related Party | |||
| Other Third Parties | |||
| Total revenue | 3,560 | 3,454 | 3,327 |
| Related Parties | |||
| Total revenue | 9,079 | 8,323 | 8,226 |
| Total revenue | 12,639 | 11,777 | 11,553 |
| Investment Advisory Performance Fees | |||
| Total revenue | 1,104 | 450 | 412 |
| Technology Services Revenue | |||
| Total revenue | 1,139 | 974 | 785 |
| Distribution Fees | |||
| Total revenue | 1,131 | 1,069 | 1,155 |
| Advisory and Other Revenue | |||
| Total revenue | 192 | 269 | 293 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2020 | |
| 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 |