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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 25, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenue | |||
| Total revenue | $ 19,374 | 16,205 | 14,539 |
| Expense | |||
| Employee compensation and benefits | 6,043 | 5,041 | 4,470 |
| Distribution and servicing costs | 2,200 | 1,835 | 1,685 |
| Direct fund expense | 1,313 | 1,063 | 978 |
| General and administration | 2,221 | 2,465 | 1,758 |
| Amortization of intangible assets | 147 | 106 | 97 |
| Total expense | 11,924 | 10,510 | 8,988 |
| Operating income | 7,450 | 5,695 | 5,551 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | 841 | 972 | 342 |
| Interest and dividend income | 87 | 62 | 97 |
| Interest expense | (205) | (205) | (203) |
| Total nonoperating income (expense) | 723 | 829 | 236 |
| Income before income taxes | 8,173 | 6,524 | 5,787 |
| Income tax expense | 1,968 | 1,238 | 1,261 |
| Net income | 6,205 | 5,286 | 4,526 |
| Net income (loss) attributable to noncontrolling interests | 304 | 354 | 50 |
| Net income attributable to BlackRock, Inc. | 5,901 | 4,932 | 4,476 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 38.76 | 32.13 | 28.69 |
| Diluted | 38.22 | 31.85 | 28.43 |
| Weighted-average common shares outstanding: | |||
| Basic | 152,236,047 | 153,489,422 | 156,014,343 |
| Diluted | 154,404,357 | 154,840,582 | 157,459,546 |
| Product and Service | |||
| Investment Advisory, Administration Fees and Securities Lending Revenue | |||
| Total revenue | 15,260 | 12,639 | 11,777 |
| Related Party | |||
| Other Third Parties | |||
| Total revenue | 3,786 | 3,560 | 3,454 |
| Related Parties | |||
| Total revenue | 11,474 | 9,079 | 8,323 |
| Investment Advisory Performance Fees | |||
| Total revenue | 1,143 | 1,104 | 450 |
| Technology Services Revenue | |||
| Total revenue | 1,281 | 1,139 | 974 |
| Distribution Fees | |||
| Total revenue | 1,521 | 1,131 | 1,069 |
| Advisory and Other Revenue | |||
| Total revenue | 169 | 192 | 269 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2021 | |
| 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 |