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: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenue | |||
| Total revenue | $ 17,873 | 19,374 | 16,205 |
| Expense | |||
| Employee compensation and benefits | 5,681 | 6,043 | 5,041 |
| Distribution and servicing costs | 2,179 | 2,200 | 1,835 |
| Direct fund expense | 1,226 | 1,313 | 1,063 |
| General and administration expense | 2,160 | 2,221 | 2,465 |
| Restructuring Charges | 91 | 0 | 0 |
| Amortization of intangible assets | 151 | 147 | 106 |
| Total expense | 11,488 | 11,924 | 10,510 |
| Operating income | 6,385 | 7,450 | 5,695 |
| Nonoperating income (expense) | |||
| Net gain (loss) on investments | (35) | 841 | 972 |
| Interest and dividend income | 152 | 87 | 62 |
| Interest expense | (212) | (205) | (205) |
| Total nonoperating income (expense) | (95) | 723 | 829 |
| Income before income taxes | 6,290 | 8,173 | 6,524 |
| Income tax expense | 1,296 | 1,968 | 1,238 |
| Net income | 4,994 | 6,205 | 5,286 |
| Net income (loss) attributable to noncontrolling interests | (184) | 304 | 354 |
| Net income attributable to BlackRock, Inc. | 5,178 | 5,901 | 4,932 |
| Earnings per share attributable to BlackRock, Inc. common stockholders: | |||
| Basic | 34.31 | 38.76 | 32.13 |
| Diluted | 33.97 | 38.22 | 31.85 |
| Weighted-average common shares outstanding: | |||
| Basic | 150,921,161 | 152,236,047 | 153,489,422 |
| Diluted | 152,440,471 | 154,404,357 | 154,840,582 |
| Product and Service | |||
| Investment Advisory, Administration Fees and Securities Lending Revenue | |||
| Total revenue | 14,451 | 15,260 | 12,639 |
| Related Party | |||
| Other Third Parties | |||
| Total revenue | 3,603 | 3,786 | 3,560 |
| Related Parties | |||
| Total revenue | 10,848 | 11,474 | 9,079 |
| Investment Advisory Performance Fees | |||
| Total revenue | 514 | 1,143 | 1,104 |
| Technology Services Revenue | |||
| Total revenue | 1,364 | 1,281 | 1,139 |
| Distribution Fees | |||
| Total revenue | 1,381 | 1,521 | 1,131 |
| Advisory and Other Revenue | |||
| Total revenue | 163 | 169 | 192 |
| External Links | |
| BLACKROCK INC. (BLK) Fiscal Year 2022 | |
| 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 |