BlackRock, Inc. BLK Cash Flow

Blackrock, inc. (BLK)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities
Net income
4,093	4,526	4,119	4,203	4,268	4,302	5,676	5,429	5,215	4,989	3,535	3,456	3,387	3,166	3,188	3,143	3,174	3,352	3,289	3,330	3,345	3,264	3,308	3,164	3,029	2,951	2,751	2,677	2,531	2,440	2,373	2,288	2,350	2,339	2,405	2,419	2,186	2,050	1,658	1,408	1,263	897	0	0	0
Depreciation and amortization
427	405	350	302	256	220	214	222	230	240	255	255	270	263	297	300	288	295	259	261	268	278	291	292	292	291	291	294	294	295	296	298	299	299	301	299	305	310	295	281	260	239	0	0	0
Amortization of deferred sales commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	-	50	52	54	56	57	57	55	52	50	49	51	55	61	68	75	81	86	92	98	102	103	100	99	100	0	0	0
Stock-based compensation
562	567	560	548	543	564	556	562	555	542	530	522	511	521	525	534	543	514	514	486	469	453	444	453	448	448	447	447	464	451	466	490	474	497	485	466	474	445	420	379	343	317	0	0	0
Deferred income tax expense (benefit)
-204	17	6	-168	-148	-226	-1,578	-1,390	-1,409	-1,221	161	101	85	-15	0	0	0	-	-	-	-182	-104	-180	-128	-121	-193	-63	-57	-33	-61	-71	-66	-120	-137	-147	-124	-4	3	52	59	10	-89	0	0	0
Charitable Contribution
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gains) losses on nontrading investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	-	-26	-23	-29	37	80	100	99	73	57	52	25	43	55	17	57	40	45	113	72	62	72	19	80	20	0	0	0
Purchases of investments within consolidated sponsored investment funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160	301	287	184	195	70	85	73	108	116	102	93	41	21	29	19	26	19	30	28	41	0	0	0
Proceeds from sales and maturities of investments within consolidated sponsored investment funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137	146	152	185	145	160	132	107	96	57	60	59	50	72	75	49	54	573	540	451	285	0	0	0
Gain related to the Charitable Contribution
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain related to iCapital recapitalization
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	40	40	40	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gains) losses within consolidated sponsored investment products
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (purchases) proceeds within consolidated sponsored investment products
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets and liabilities of consolidated VIEs:
Change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	-209	-159	-98	132	363	229	168	-51	-238	90	143	212	138	24	-24	-16	36	53	54	36	-30	-127	-45	0	0	0	-	-	-	-
Net (gains) losses within consolidated VIEs
-	-	-	-	-	-	0	0	87	-	77	67	47	16	90	57	56	58	-4	-37	-21	-41	-33	8	-43	0	-41	-33	1	-38	19	1	-45	-18	0	0	0	-	-	-	-	-	-	-	-
Net (purchases) proceeds within consolidated VIEs
-	-	-	-	-	-	0	0	-548	-	-109	-404	-539	-816	-913	-639	-617	-227	-228	-590	-413	-599	-383	-21	14	142	-45	66	40	203	271	262	162	82	47	24	50	44	0	0	0	-	-	-	-
(Earnings) losses from equity method investees
52	116	91	85	85	94	122	127	123	122	134	137	142	113	103	76	61	91	84	117	152	158	181	165	147	158	161	201	180	175	134	41	27	23	50	134	147	141	102	152	179	30	0	0	0
Distributions of earnings from equity method investees
69	70	36	34	34	30	34	39	40	35	39	32	26	31	25	28	42	41	45	60	59	57	85	70	70	80	52	56	51	42	33	27	33	30	29	26	15	14	18	21	18	18	0	0	0
Other adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
339	433	321	205	130	-4	165	287	491	521	90	-403	-210	65	-43	453	-398	82	-43	-1,789	48	-78	-1,649	1,935	234	-14	1,860	185	324	292	375	12	90	-124	24	64	337	364	250	345	329	223	0	0	0
Due from related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45	6	-12	-7	-159	0	0	0
Deferred sales commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	56	55	58	65	72	80	79	68	0	0	0
Investments, trading
-118	21	171	14	-193	-179	-452	-310	-313	-146	316	355	552	449	460	381	335	584	629	739	655	416	202	250	364	218	672	546	437	664	282	275	291	116	10	38	60	118	73	65	38	53	0	0	0
Other assets
1,521	-141	257	253	-244	223	-208	-397	-328	173	611	744	1,070	153	45	61	156	195	126	52	10	-5	86	204	178	92	-24	-4	33	10	198	121	86	181	82	-60	-19	-236	-179	-67	-112	50	0	0	0
Accrued compensation and benefits
90	58	-161	-168	-122	-230	-51	24	24	276	131	77	100	-86	-73	-73	-10	98	60	37	-8	101	156	136	71	203	112	94	44	138	81	-53	-11	-140	-39	90	-67	52	-314	-466	-482	-218	0	0	0
Accounts payable and accrued liabilities
-269	-111	-182	0	-281	43	255	251	517	308	-66	-455	-241	26	-19	291	-369	-41	-255	-1,847	64	-69	-1,784	1,811	-69	7	1,889	231	391	114	247	-125	-124	-152	-137	-16	253	164	393	339	378	165	0	0	0
Due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-51	-78	-288	-356	-353	-338	-116	-10	0	0	0
Other liabilities
1,078	-242	-9	158	-9	280	156	-262	-231	231	478	745	645	-19	65	180	416	262	191	167	172	-13	74	-29	-8	80	73	56	39	155	86	201	224	82	150	-35	58	112	68	190	61	18	0	0	0
Cash flows from operating activities
2,171	2,884	2,151	2,485	2,991	3,075	3,962	4,057	3,973	3,950	3,851	3,551	2,674	2,273	2,119	2,410	2,948	3,004	3,118	3,051	2,784	3,087	2,982	2,844	3,246	3,642	2,830	2,705	2,532	2,240	2,759	2,974	2,880	2,826	3,026	2,895	2,496	2,488	1,983	1,435	1,361	1,399	0	0	0
Investing activities
Purchases of investments
690	693	640	200	281	327	348	381	522	489	485	616	383	377	293	237	294	330	394	292	337	369	528	469	445	412	193	310	317	402	459	387	326	204	276	339	681	656	535	467	92	73	0	0	0
Purchases of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Proceeds from sales and maturities of investments
407	417	200	359	354	449	445	263	267	166	284	245	266	378	210	339	446	456	611	631	531	654	565	420	435	286	529	689	736	695	462	306	185	213	192	240	256	181	162	119	163	260	0	0	0
Distributions of capital from equity method investees
190	136	86	59	26	24	24	26	27	32	34	37	38	34	36	35	63	66	69	156	144	143	162	78	66	83	73	79	86	73	53	36	29	34	46	61	50	53	78	91	105	89	0	0	0
Net consolidations (deconsolidations) of sponsored investment funds
79	110	95	96	44	51	0	0	0	-	-	-	-	257	155	102	168	163	172	201	123	123	18	48	48	48	70	422	367	215	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	273	88	88	88	0	0	0	0	-	-	-	-	267	0	0	0	-	-	-	15	23	0	0	0	-	-	-	-
Purchases of property and equipment
248	254	256	246	229	204	163	163	169	155	131	107	108	119	149	154	153	221	186	166	149	66	74	82	91	94	89	98	127	150	150	186	205	247	253	224	170	131	109	98	93	65	0	0	0
Financing activities
Cash flows from investing activities
-1,930	-2,014	-2,215	-2,329	-873	-808	-797	-368	-612	-608	-639	-779	-466	-371	-566	-334	-291	-465	-160	40	-22	239	49	-399	-381	-483	10	291	252	-266	-569	-647	-676	-204	-333	-329	-612	-627	-6,010	-5,939	-5,653	-5,519	0	0	0
Proceeds from long-term borrowings
0	-	-	-	-	-	-	-	-	697	0	0	0	-	-	-	-	-	-	-	-	997	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	-	-	600	600	444	880	2,134	0	0	0	-	-	-	-
Repayments of convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	67	71	32	176	0	0	0	-	-	-	-
Cash dividends paid
2,136	2,096	2,081	2,070	2,019	1,968	1,874	1,777	1,720	1,662	1,633	1,604	1,573	1,545	1,532	1,518	1,506	1,476	1,437	1,399	1,361	1,338	1,302	1,265	1,225	1,168	1,138	1,110	1,084	1,060	1,049	1,039	1,027	1,014	963	907	852	776	688	603	513	422	0	0	0
Proceeds from stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	47	50	47	46	16	16	17	13	10	10	13	23	18	0	0	0
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	8	7	6	5	5	6	6	6	2,504	2,502	2,804	2,804	0	0	0
Repurchases of common stock
780	1,911	2,436	2,842	3,156	2,087	1,843	1,615	1,578	1,421	1,414	1,404	1,399	1,399	1,396	1,395	1,395	1,331	1,309	1,289	1,267	1,344	1,347	1,360	1,357	1,243	1,154	1,055	1,844	1,645	1,577	1,536	3,041	2,885	2,783	2,801	256	264	269	123	121	46	0	0	0
Net proceeds from (repayments of) borrowings by consolidated sponsored investment products
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from (repayments of) borrowings by consolidated VIEs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	512	469	195	-450	-410	191	244	327	331	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Merrill Lynch cash capital contribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	7	8	0	0	0	-	-	-	-	-	-	-	-
Net (redemptions/distributions paid)/subscriptions received from noncontrolling interest holders
2,125	1,458	1,424	1,177	1,111	1,263	886	745	679	464	471	651	917	1,146	1,206	999	736	484	269	273	286	202	226	186	121	203	294	304	280	300	274	240	195	54	-5	50	87	110	85	47	-112	-255	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	82	100	110	120	105	99	80	59	106	94	99	111	41	41	41	51	74	77	80	69	27	24	16	16	44	50	60	71	33	0	0	0
Other financing activities
-126	-137	118	-155	-29	-13	0	0	0	-	-	-	-	5	5	-5	-13	-9	-7	7	6	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings (repayment of borrowings) by consolidated sponsored investment funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	0	0	0
Cash flows from financing activities
157	-2,583	-1,841	-2,800	-4,003	-2,765	-2,840	-2,640	-3,324	-2,630	-2,588	-2,338	-1,318	-1,685	-1,544	-1,683	-1,895	-2,064	-3,292	-3,119	-2,641	-1,861	-849	-1,132	-2,523	-3,392	-3,095	-2,902	-1,356	-944	-971	-1,484	-2,413	-2,485	-2,341	-2,034	-1,880	-3,170	3,916	4,482	5,195	6,749	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-53	54	-68	-57	-180	-93	-27	63	275	192	56	-35	-205	-273	-228	-235	-58	-115	-142	-192	-238	-132	-20	146	110	17	19	-21	-38	70	21	-44	-18	2	-5	81	72	-32	-16	-100	7	47	0	0	0
Net increase/(decrease) in cash, cash equivalents and restricted cash
345	-1,659	-1,973	-2,701	-2,065	-591	298	1,112	312	904	680	399	685	-56	-219	158	704	360	-476	-220	-117	1,333	2,162	1,459	452	-216	-236	73	1,390	1,100	1,240	799	-227	139	347	613	76	-1,341	-127	-122	910	2,676	0	0	0
Supplemental disclosure of cash flow information:
Interest
193	193	177	176	177	177	178	177	194	205	204	216	198	198	199	199	194	194	215	215	233	216	217	200	201	202	210	211	200	201	185	185	168	167	146	146	144	146	98	100	52	52	0	0	0
Interest on borrowings of consolidated VIEs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	142	132	91	100	102	105	99	86	75	69	65	63	60	58	58	56	53	0	0	0	-	-	-	-
Income taxes (net of refunds)
1,465	1,168	1,287	1,174	1,264	1,159	973	1,087	1,116	1,124	1,371	1,352	1,340	1,365	1,173	1,207	1,250	1,276	1,248	1,239	1,182	1,227	1,310	1,268	1,164	1,064	885	912	963	976	980	869	921	962	1,047	950	648	583	453	445	437	503	0	0	0
Supplemental schedule of noncash investing and financing transactions:
Issuance of common stock
504	549	550	554	572	652	653	647	628	626	625	629	624	667	712	760	758	600	556	495	501	646	659	672	668	429	414	404	407	378	372	358	342	213	216	238	242	266	0	0	0	-	0	0	0
PNC preferred stock capital contribution
-	60	60	60	60	58	58	58	58	193	193	193	193	172	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charitable Contribution of an investment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in noncontrolling interests due to net consolidation (deconsolidation) of sponsored investment funds
-1,554	-1,292	-902	-1,154	-653	-560	-606	-365	-466	-281	-784	-927	-1,167	-1,439	-900	-759	-608	-104	-100	-115	-49	-269	-255	-252	-238	-229	-373	-349	-273	-425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in borrowings due to consolidation/deconsolidation of VIEs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,389	-2,804	-2,804	-2,804	585	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,157	0	0	0	-	-	-	-