Blackrock, inc. (BLK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating activities
Net income

4,526

4,302

4,989

3,166

3,352

3,264

2,951

2,440

2,339

2,050

897

629

1,357

Depreciation and amortization

405

220

240

263

295

278

291

295

299

310

239

236

202

Amortization of deferred sales commissions

-

-

-

-

-

56

52

55

81

102

100

130

108

Stock-based compensation

567

564

542

521

514

453

448

451

497

445

317

278

188

Deferred income tax expense (benefit)

17

-226

-1,221

-15

-156

-104

-193

-61

-137

3

-89

-234

-106

Net (gains) losses on nontrading investments

-

-

-

-

-

37

73

43

40

62

20

-216

442

Purchases of investments within consolidated sponsored investment funds

-

-

-

-

-

160

195

108

41

26

41

127

870

Proceeds from sales and maturities of investments within consolidated sponsored investment funds

-

-

-

-

-

137

145

96

50

54

285

-342

-597

Gain related to PennyMac initial public offering

-

-

-

-

-

-

39

0

-

-

-

-

-

Gain related to the Charitable Contribution

-

-

-

-

-

-

80

0

-

-

-

-

-

Contingent consideration fair value adjustments

-53

-65

-8

2

-

-

-

-

-

-

-

-

-

Other gains

30

50

-

-

40

0

0

-

-

-

-

-

-

Net (gains) losses within consolidated sponsored investment products

254

-149

218

-

-

-

-

-

-

-

-

-

-

Net (purchases) proceeds within consolidated sponsored investment products

-1,746

-1,938

-570

-

-

-

-

-

-

-

-

-

-

Charitable contribution

-

-

-

-

-

-

124

0

-

-

-

-

-

Assets and liabilities of consolidated VIEs:
Change in cash and cash equivalents

-

-

-

-

-98

168

143

-24

54

-45

-

-

-

Net (gains) losses within consolidated VIEs

-

-

-

16

58

-41

0

-38

-18

-35

-

-

-

Net (purchases) proceeds within consolidated VIEs

-

-

-

-816

-227

-599

142

203

82

44

-

-

-

(Earnings) losses from equity method investees

116

94

122

113

91

158

158

175

23

141

30

-294

84

Distributions of earnings from equity method investees

70

30

35

31

41

57

80

42

30

14

18

28

16

Other adjustments

-

-

-

-

-14

-5

-10

4

-

1

3

13

2

Changes in operating assets and liabilities:
Accounts receivable

433

-4

521

65

82

-78

-14

292

-124

364

223

-339

273

Due from related parties

-

-

-

-

-

-

-

-

-

-45

-159

112

4

Deferred sales commissions

-

-

-

-

-

-

-

-

-

65

68

90

72

Investments, trading

21

-179

-146

449

584

416

218

664

116

118

53

-265

45

Other assets

-141

223

173

153

195

-5

92

10

181

-236

50

-115

80

Accrued compensation and benefits

58

-230

276

-86

98

101

203

138

-140

52

-218

-237

172

Accounts payable and accrued liabilities

-111

43

308

26

-41

-69

7

114

-152

164

165

-227

-33

Due to related parties

-

-

-

-

-

-

-

-

-

-356

-10

7

-138

Other liabilities

-242

280

231

-19

262

-13

80

155

82

112

18

51

92

Cash flows from operating activities

2,884

3,075

3,950

2,273

3,004

3,087

3,642

2,240

2,826

2,488

1,399

1,916

587

Investing activities
Purchases of investments

693

327

489

377

330

369

412

402

204

656

73

417

521

Purchases of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

59

0

Proceeds from sale of disposal group

-

-

-

-

-

-

-

-

-

-

-

41

0

Proceeds from sales and maturities of investments

417

449

166

378

456

654

286

695

213

181

260

122

266

Distributions of capital from equity method investees

136

24

32

34

66

143

83

73

34

53

89

15

7

Net consolidations (deconsolidations) of sponsored investment funds

110

51

60

257

163

123

48

215

-

52

27

-3

-117

Acquisitions, net of cash acquired

1,510

699

102

30

273

0

298

267

-

23

5,755

16

592

Purchases of property and equipment

254

204

155

119

221

66

94

150

247

131

65

77

111

Other

-

-

-

-

-

-

-

-

-

1

-2

-

-

Financing activities
Cash flows from investing activities

-2,014

-808

-608

-371

-465

239

-483

-266

-204

-627

-5,519

-394

-1,068

Proceeds from long-term borrowings

992

-

697

-

787

997

0

1,495

1,496

-

2,495

-

694

Repayments of short-term borrowings

-

-

-

-

-

-

100

0

600

2,134

-

400

0

Proceeds from short-term borrowings

-

-

-

-

-

-

-

-

600

-

2,034

300

300

Repayments of convertible debt

-

-

-

-

-

-

-

-

67

176

7

-

0

Repayments of long-term borrowings

1,000

-

700

-

750

1,000

750

500

-

-

-

1

0

Cash dividends paid

2,096

1,968

1,662

1,545

1,476

1,338

1,168

1,060

1,014

776

422

419

353

Proceeds from stock options exercised

-

-

-

26

126

4

28

47

16

10

18

24

70

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

5

6

2,804

6

7

Repurchases of common stock

1,911

2,087

1,421

1,399

1,331

1,344

1,243

1,645

2,885

264

46

46

383

Net proceeds from (repayments of) borrowings by consolidated sponsored investment products

111

40

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from (repayments of) borrowings by consolidated VIEs

-

-

-

-

-

512

-410

331

-125

-

-

-

-

Merrill Lynch cash capital contribution

-

-

-

-

-

-

-

-

8

10

25

-

0

Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders

1,458

1,263

464

1,146

484

202

203

300

54

110

-255

-207

400

Excess tax benefit from stock-based compensation

-

-

-

82

105

106

41

74

27

44

33

59

119

Other financing activities

-137

-13

-8

5

-9

0

7

14

-

-

-

-

-9

Net borrowings (repayment of borrowings) by consolidated sponsored investment funds

-

-

-

-

-

-

-

-

-

-

70

-203

114

Cash flows from financing activities

-2,583

-2,765

-2,630

-1,685

-2,064

-1,861

-3,392

-944

-2,485

-3,170

6,749

-887

959

Effect of exchange rate changes on cash, cash equivalents and restricted cash

54

-93

192

-273

-115

-132

17

70

2

-32

47

-259

18

Net increase/(decrease) in cash, cash equivalents and restricted cash

-1,659

-591

904

-56

360

1,333

-216

1,100

139

-1,341

2,676

376

496

Supplemental disclosure of cash flow information:
Interest

193

177

205

198

194

216

202

201

167

146

52

63

30

Interest on borrowings of consolidated VIEs

-

-

-

-

-

142

102

75

60

53

-

-

-

Income taxes (net of refunds)

1,168

1,159

1,124

1,365

1,276

1,227

1,064

976

962

583

503

644

376

Supplemental schedule of noncash investing and financing transactions:
Issuance of common stock

549

652

626

667

600

646

429

378

213

266

-

-

-

PNC preferred stock capital contribution

60

58

193

172

0

0

-

-

200

-

-

-

175

Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds

-1,292

-560

-281

-1,439

-104

-269

-229

-425

-4

-170

7

280

-1,295

Increase (decrease) in borrowings due to consolidation/deconsolidation of VIEs

-

-

-

-

-3,389

585

363

406

412

1,157

-

-

-

Contingent common stock payment related to Quellos transaction

-

-

-

-

-

-

-

-

-

-

43

-

0

Common stock released from escrow

-

-

-

-

-

-

-

-

-

136

-

-

-

Common stock released from escrow agent in connection with Quellos transaction

-

-

-

-

-

-

-

-

-

-

6

45

0