Financials › Security Brokers, Dealers And Flotation Companies
BLK Stock Price Correlated With BlackRock Financials
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Income Statement
Cash Flow
Balance Sheet
BLK Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
BLK Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
BLK Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
Major Holders (from 13F filings)
Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group
13,254,947 sh
-237,136 sh
-2%
-2%
$8,869,150
$1,444,726
State Street
6,013,881 sh
-306,035 sh
-5%
-5%
$4,024,002
-$454,480
Temasek Holdings (Private)
5,092,825 sh
$3,407,711
Morgan Stanley
3,069,992 sh
-104,629 sh
-3%
-3%
$2,054,194
-$195,442
Capital Research Global Investors
2,841,721 sh
963,350 sh
51%
51%
$1,901,449
$570,376
Geode Capital Management
2,664,331 sh
41,280 sh
2%
2%
$1,778,039
-$76,781
Capital International Investors
2,473,853 sh
-178,852 sh
-7%
-7%
$1,655,237
-$224,612
JPMorgan Chase
2,332,142 sh
-683,391 sh
-23%
-23%
$1,560,483
-$576,414
Capital World Investors
2,026,220 sh
-289,756 sh
-13%
-13%
$1,355,678
-$285,593
Northernrp
1,859,166 sh
-75,466 sh
-4%
-4%
$1,244,006
-$1,369,694,267
Fisher Asset Management
1,842,425 sh
57,862 sh
3%
3%
$1,233
-$1,263,362
FMR
1,703,667 sh
-696,108 sh
-29%
-29%
$1,139,957
-$1,699,412,160
Ameriprise Financial
1,316,515 sh
-277,611 sh
-17%
-17%
$881,188
-$252,483
Massachusetts Financial Services /Ma/
1,225,905 sh
-321,558 sh
-21%
-21%
$820,278
-$1,095,758,427
Bank Of New York Mellon
1,169,211 sh
-26,344 sh
-2%
-2%
$782,343
-$64,862
Legal & General Group Plc
1,058,756 sh
19,698 sh
2%
2%
$708,432
-$27,875
Goldman Sachs Group
881,131 sh
757,831 sh
615%
615%
$589,584
-$86,784,495
Nuveen Asset Management
821,230 sh
1,850 sh
0%
0%
$550
-$30
UBS Asset Management Americas
807,092 sh
-32,277 sh
-4%
-4%
$540,040
-$54,760
Public Investment Fund
741,693 sh
$496,282
COMPANY PROFILE
1. Introduction and Basis of Presentation
Business
BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, "BlackRock" or the "Company") provides diversified investment management to institutional clients, intermediary and individual investors through various investment vehicles. Investment management services primarily consist of the management of equity, fixed income, multi-asset class, alternative investment and cash management products. BlackRock offers its investment products in a variety of vehicles, including open-end and closed-end mutual funds, iShares ® exchange-traded funds ("ETFs"), collective investment trusts and separate accounts. In addition, BlackRock provides market risk management, financial markets advisory and enterprise investment system services to a broad base of clients. Financial markets advisory services include valuation services relating to illiquid securities, dispositions and workout assignments (including long-term portfolio liquidation assignments), risk management and strategic planning and execution.
On January 1, 2009, Bank of America Corporation ("Bank of America") acquired Merrill Lynch & Co., Inc. ("Merrill Lynch"). In connection with this transaction, BlackRock entered into exchange agreements with each of Merrill Lynch and The PNC Financial Services Group, Inc. ("PNC") pursuant to which on February 27, 2009 Merrill Lynch and PNC each exchanged a portion of its BlackRock common stock it held for an equal number of shares of non-voting preferred stock. See Note 19, Capital Stock, for more details on these transactions.
On December 1, 2009, BlackRock completed its acquisition of Barclays Global Investors ("BGI") from Barclays Bank PLC ("Barclays") (the "BGI Transaction"). In exchange for BGI, BlackRock paid approximately $ 6.65 billion in cash and issued capital stock valued at $ 8.53 billion comprised of 3,031,516 shares of BlackRock common stock and 34,535,255 shares of BlackRock Series B and D non-voting participating preferred stock. See Note 3, Mergers and Acquisitions, for more details on this transaction.
On November 15, 2010, Bank of America and PNC sold 58,737,122 shares of BlackRock's common stock, which included 56,407,040 shares of common stock that converted from non-voting preferred stock. In connection with this transaction, BlackRock entered into an exchange agreement with PNC pursuant to which PNC agreed to exchange 11,105,000 shares of BlackRock non-voting preferred stock they held for common stock.
On December 31, 2010, equity ownership of BlackRock was as follows:
Voting Common Stock
Capital Stock (1)
PNC
25.3
%
20.3
%
Barclays
2.3
%
19.6
%
Bank of America/Merrill Lynch
0.0
%
7.1
%
Other
72.4
%
53.0
%
100.0
%
100.0
%
(1)
Includes outstanding common and non-voting preferred stock only.
Basis of Presentation
These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and include the accounts of the Company and its controlled subsidiaries. Non-controlling interests on the consolidated statements of financial condition include the portion of consolidated sponsored investment funds in which the Company does not have direct equity ownership. Significant accounts and transactions between consolidated entities have been eliminated.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Reclassifications
Certain items previously reported have been reclassified to conform to the current year presentation.
Business
BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, "BlackRock" or the "Company") provides diversified investment management to institutional clients, intermediary and individual investors through various investment vehicles. Investment management services primarily consist of the management of equity, fixed income, multi-asset class, alternative investment and cash management products. BlackRock offers its investment products in a variety of vehicles, including open-end and closed-end mutual funds, iShares ® exchange-traded funds ("ETFs"), collective investment trusts and separate accounts. In addition, BlackRock provides market risk management, financial markets advisory and enterprise investment system services to a broad base of clients. Financial markets advisory services include valuation services relating to illiquid securities, dispositions and workout assignments (including long-term portfolio liquidation assignments), risk management and strategic planning and execution.
On January 1, 2009, Bank of America Corporation ("Bank of America") acquired Merrill Lynch & Co., Inc. ("Merrill Lynch"). In connection with this transaction, BlackRock entered into exchange agreements with each of Merrill Lynch and The PNC Financial Services Group, Inc. ("PNC") pursuant to which on February 27, 2009 Merrill Lynch and PNC each exchanged a portion of its BlackRock common stock it held for an equal number of shares of non-voting preferred stock. See Note 19, Capital Stock, for more details on these transactions.
On December 1, 2009, BlackRock completed its acquisition of Barclays Global Investors ("BGI") from Barclays Bank PLC ("Barclays") (the "BGI Transaction"). In exchange for BGI, BlackRock paid approximately $ 6.65 billion in cash and issued capital stock valued at $ 8.53 billion comprised of 3,031,516 shares of BlackRock common stock and 34,535,255 shares of BlackRock Series B and D non-voting participating preferred stock. See Note 3, Mergers and Acquisitions, for more details on this transaction.
On November 15, 2010, Bank of America and PNC sold 58,737,122 shares of BlackRock's common stock, which included 56,407,040 shares of common stock that converted from non-voting preferred stock. In connection with this transaction, BlackRock entered into an exchange agreement with PNC pursuant to which PNC agreed to exchange 11,105,000 shares of BlackRock non-voting preferred stock they held for common stock.
On December 31, 2010, equity ownership of BlackRock was as follows:
Voting Common Stock
Capital Stock (1)
PNC
25.3
%
20.3
%
Barclays
2.3
%
19.6
%
Bank of America/Merrill Lynch
0.0
%
7.1
%
Other
72.4
%
53.0
%
100.0
%
100.0
%
(1)
Includes outstanding common and non-voting preferred stock only.
Basis of Presentation
These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and include the accounts of the Company and its controlled subsidiaries. Non-controlling interests on the consolidated statements of financial condition include the portion of consolidated sponsored investment funds in which the Company does not have direct equity ownership. Significant accounts and transactions between consolidated entities have been eliminated.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Reclassifications
Certain items previously reported have been reclassified to conform to the current year presentation.
Free historical financial statements for BlackRock Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 53 quarters since 2010. Compare with BLK stock chart to see long term trends.
Data imported from BlackRock Inc. SEC filings. Check original filings before making any investment decision.