BlackRock, Inc. BLK Income Statement

Blackrock, inc. (BLK)

Income statement / Quarterly

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	Sep'08	Jun'08
Revenue
Total revenue
3,710	3,977	3,692	3,524	3,346	3,434	3,576	3,605	3,583	3,764	3,508	3,236	3,092	3,996	2,837	2,804	2,624	2,863	2,910	2,905	2,723	2,784	2,849	2,778	2,670	2,777	2,472	2,482	2,449	2,539	2,320	2,229	2,249	2,227	2,225	2,347	2,282	2,493	2,092	2,032	1,995	1,544	1,140	1,029	987	1,313	1,387
Expense
Employee compensation and benefits
1,137	1,212	1,111	1,083	1,064	1,020	1,097	1,082	1,121	1,147	1,087	998	1,021	985	969	977	947	989	1,023	1,012	981	926	973	948	982	925	866	864	905	848	828	786	825	774	771	824	830	841	774	709	773	617	444	390	351	468	552
Related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	-	92	96	103	126	127
Distribution and servicing costs
445	438	427	416	404	420	408	415	432	433	419	410	401	1,288	114	109	97	103	102	105	99	96	90	89	89	87	85	90	91	82	94	93	95	-	90	100	-	-	-	-	36	-	27	29	24	23	25
Amortization of deferred sales commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	9	10	11	12	12	13	13	14	14	15	14	14	12	12	12	13	14	16	18	20	21	22	23	26	27	26	24	23	26	27	34	33
Direct fund expense
277	245	239	252	242	224	249	264	261	237	231	221	206	174	200	195	188	189	198	191	189	183	199	187	179	167	167	162	161	151	144	144	152	128	139	153	143	134	124	122	113	52	15	15	13	-	-
General and administration
1,142	515	385	470	388	449	413	393	383	450	355	345	296	332	312	316	318	410	319	312	339	387	376	377	313	410	334	465	331	401	327	324	307	341	389	345	340	409	316	340	289	317	146	176	140	171	208
Restructuring charge
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22	0	0
Amortization of intangible assets
25	29	28	25	15	15	13	11	11	12	27	25	25	24	25	25	25	24	34	35	35	35	40	41	41	41	40	40	40	40	39	39	39	39	39	38	40	40	40	40	40	39	36	36	36	37	37
Total expense
3,026	2,439	2,190	2,246	2,113	2,188	2,180	2,165	2,208	2,279	2,119	1,999	1,949	2,776	1,628	1,631	1,661	1,726	1,688	1,667	1,656	1,640	1,692	1,656	1,619	1,644	1,506	1,633	1,540	1,534	1,445	1,400	1,434	1,419	1,448	1,481	1,484	1,553	1,385	1,335	1,341	1,155	783	768	716	859	982
Operating income
684	1,538	1,502	1,278	1,233	1,246	1,396	1,440	1,375	1,485	1,389	1,237	1,143	1,220	1,209	1,173	963	1,137	1,222	1,238	1,067	1,144	1,157	1,122	1,051	1,133	966	849	909	1,005	875	829	815	808	777	866	798	940	707	697	654	389	357	261	271	454	405
Nonoperating income (expense)
Net gain (loss) on investments
-40	118	-7	89	142	-67	50	3	15	33	41	36	51	6	31	20	-2	57	-10	6	63	-43	46	45	76	70	32	141	62	20	75	-7	75	28	-59	18	59	62	93	-13	37	37	89	88	-172	-143	0
Net gain (loss) on consolidated variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	41	-	56	47	1	-	-	-	-	-	-
Interest and dividend income
15	29	19	20	29	41	29	19	15	14	15	13	7	7	22	6	5	5	12	5	4	6	10	3	10	4	8	4	6	9	10	8	9	9	12	4	9	10	10	5	4	4	4	4	8	20	14
Interest expense
46	51	54	52	46	46	46	46	46	46	46	48	65	51	52	51	51	51	50	52	51	58	61	60	53	52	52	53	54	57	57	52	49	48	49	41	38	35	37	38	40	23	15	15	15	18	18
Total nonoperating income (expense)
-71	96	-42	57	125	-72	33	-24	-16	1	10	1	-7	-38	1	-25	-48	11	-48	-41	16	-60	-52	16	17	24	-18	69	41	-67	30	-40	23	7	-112	-24	15	18	78	-75	2	18	78	77	-179	-141	-4
Income before income taxes
613	1,634	1,460	1,335	1,358	1,174	1,429	1,416	1,359	1,486	1,399	1,238	1,136	1,182	1,210	1,148	915	1,148	1,174	1,197	1,083	1,084	1,105	1,138	1,068	1,157	948	918	950	938	905	789	838	815	665	842	813	958	785	622	656	407	435	338	92	313	401
Income tax expense (benefit)
-14	300	341	322	298	247	226	338	265	-815	443	374	268	335	333	353	268	279	342	371	258	278	232	297	324	307	219	212	284	288	250	229	263	232	95	220	249	309	201	233	228	150	101	94	30	117	147
Net income
627	1,334	1,119	1,013	1,060	927	1,203	1,078	1,094	2,301	956	864	868	847	877	795	647	869	832	826	825	806	873	841	744	850	729	706	666	650	655	560	575	583	570	622	564	649	584	389	428	257	334	244	62	196	254
Net income (loss) attributable to noncontrolling interests
-179	33	0	10	7	0	-13	5	5	6	12	10	9	0	2	6	-10	8	-11	7	3	-32	0	1	1	-	0	-1	-	2	3	3	1	-	-	-	-	-	-	2	-	-	-1	-1	-	0	0
Net income (loss) attributable to nonredeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44	32	-13	9	-1	-22	34	-42	10	3	2	20	-25	3	4	9	-33	45	-5	-1	-16	-25	22	21	20
Net income attributable to BlackRock, Inc.
806	1,301	1,119	1,003	1,053	927	1,216	1,073	1,089	2,295	944	854	859	847	875	789	657	861	843	819	822	813	917	808	756	841	730	729	632	690	642	554	572	555	595	619	568	657	551	432	423	256	317	218	84	217	274
Earnings per share attributable to BlackRock, Inc. common stockholders:
Basic
5.19	8.37	7.21	6.46	6.65	5.85	7.59	6.67	6.75	14.18	5.83	5.26	5.27	5.18	5.33	4.79	3.97	5.18	5.08	4.92	4.92	4.86	5.46	4.79	4.47	4.97	4.30	4.27	3.69	3.99	3.72	3.13	3.19	3.10	3.28	3.26	2.92	3.39	2.85	2.23	2.20	1.68	2.31	1.62	0.63	1.62	2.04
Diluted
5.15	8.26	7.15	6.41	6.61	5.74	7.54	6.62	6.68	13.95	5.76	5.20	5.21	5.11	5.26	4.73	3.92	5.11	5.00	4.84	4.84	4.76	5.37	4.72	4.40	4.85	4.21	4.19	3.62	3.92	3.65	3.08	3.14	3.04	3.23	3.21	2.89	3.34	2.83	2.21	2.17	1.63	2.27	1.59	0.62	1.59	2.00
Cash dividends declared and paid per share
-	-	-	-	-	-	-	-	2.88	-	2.50	2.50	2.50	2.29	2.29	2.29	2.29	2.18	2.18	2.18	2.18	1.93	1.93	1.93	1.93	1.68	1.68	1.68	1.68	1.50	1.50	1.50	1.50	1.37	1.37	1.37	1.37	1.00	1.00	1.00	1.00	0.78	0.78	0.78	0.78	0.78	0.78
Weighted-average common shares outstanding:
Basic
155	155	155	155	158	158	160	160	161	161	161	162	163	163	164	164	165	165	166	166	167	167	167	168	169	168	169	170	171	171	172	177	179	178	179	187	191	191	190	190	189	152	133	130	130	129	129
Diluted
156	157	156	156	159	161	161	162	162	164	163	164	164	166	166	166	167	168	168	169	169	170	170	171	171	173	173	173	174	175	175	179	181	181	181	190	194	193	192	192	192	156	135	133	131	132	132
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]
Total revenue
3,055	3,089	2,980	2,903	2,805	2,779	2,883	2,944	2,947	2,897	2,781	2,667	2,523	2,454	2,546	2,489	2,359	2,460	2,456	2,534	2,390	2,396	2,468	2,434	2,291	2,280	2,153	2,177	2,129	2,081	2,024	1,990	1,977	1,863	1,949	2,100	1,984	3,100	1,794	1,792	604	2,975	290	268	293	327	331
Investment Advisory Performance Fees [Member]
Total revenue
41	239	121	64	26	100	151	91	70	285	191	48	70	129	58	74	34	169	208	136	108	144	133	115	158	268	96	89	108	239	103	41	80	147	91	50	83	326	114	50	50	125	49	17	11	55	57
Technology Services Revenue [Member]
Total revenue
274	274	259	237	204	203	200	198	184	176	169	158	154	149	152	146	141	53	167	161	147	170	165	146	154	157	156	138	126	136	128	131	123	149	117	116	128	132	101	114	113	108	122	112	135	113	100
Distribution Fees [Member]
Total revenue
276	270	270	267	262	271	279	294	311	306	298	292	287	1,166	10	11	11	11	14	13	17	16	17	18	19	19	19	18	17	13	19	20	19	22	23	27	28	27	29	32	28	27	25	23	25	34	34
Advisory and Other Revenue [Member]
Total revenue
64	105	62	53	49	81	63	78	71	100	69	71	58	98	71	84	79	170	65	61	61	58	66	65	48	53	48	60	69	70	46	47	50	46	45	54	59	57	54	44	51	30	29	20	16	27	35
Related Parties [Member]
Total investment advisory, administration fees and securities lending revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,149	-	625	589	507	757	830
Other Third Parties [Member]
Total investment advisory, administration fees and securities lending revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,753	-	915	857	800	1,139	1,218