Cash flow BlackRock, Inc.

Equities

BLK

US09290D1019

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 21:00:03 22/01/2026 GMT			5-day change	1st Jan Change
1,139.72 ^USD	+1.05%		-1.46%	+6.48%

09:48am	BlackRock's Laipply: Maintain Your Inflation Protection	MT
08:21am	CK Hutchison explores split sale of global ports, Bloomberg News reports	RE

6fe7ee3820d90f062c64a269e4.2et6_jqHCZAf0HBd1l05FqbI0SsP4yh9ruckqyoZTmA.q4MwhHnDb6hSu0EutAtJbsKH4U57lB4k-JUQ6RtWPxSAvRSETrFmqCuCFw

Published financial data: BLACKROCK, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	16.2B	19.37B	17.87B	17.86B	20.41B
Other Revenues, Total	-	-	-	-	-
Total Revenues	16.2B	19.37B	17.87B	17.86B	20.41B
Cost of Goods Sold, Total	7.94B	9.56B	9.09B	9.16B	10.32B
Gross Profit	8.27B	9.82B	8.79B	8.7B	10.09B
Selling General & Admin Expenses, Total	2.43B	2.19B	2.16B	2.21B	2.17B
Amortization of Goodwill and Intangible Assets - (IS)	106M	147M	151M	151M	241M
Other Operating Expenses, Total	2.54B	2.33B	2.31B	2.36B	2.41B
Operating Income	5.73B	7.48B	6.48B	6.34B	7.68B
Interest Expense, Total	-205M	-205M	-212M	-292M	-538M
Interest And Investment Income	62M	87M	152M	473M	767M
Net Interest Expenses	-143M	-118M	-60M	181M	229M
EBT, Excl. Unusual Items	5.59B	7.37B	6.42B	6.52B	7.91B
Restructuring Charges	-	-	-91M	-61M	-
Merger & Related Restructuring Charges	-	-	-	-	-90M
Gain (Loss) On Sale Of Investments	972M	841M	-35M	699M	492M
Asset Writedown	-12M	-	-	-	-50M
Other Unusual Items	-23M	-34M	-3M	-3M	36M
EBT, Incl. Unusual Items	6.52B	8.17B	6.29B	7.16B	8.3B
Income Tax Expense	1.24B	1.97B	1.3B	1.48B	1.78B
Earnings From Continuing Operations	5.29B	6.2B	4.99B	5.68B	6.51B
Net Income to Company	5.29B	6.2B	4.99B	5.68B	6.51B
Minority Interest	-354M	-304M	184M	-174M	-143M
Net Income - (IS)	4.93B	5.9B	5.18B	5.5B	6.37B
Net Income to Common Incl Extra Items	4.93B	5.9B	5.18B	5.5B	6.37B
Net Income to Common Excl. Extra Items	4.93B	5.9B	5.18B	5.5B	6.37B
Per Share Items
Net EPS - Basic	32.13	38.76	34.31	36.85	42.45
Basic EPS - Continuing Operations	32.13	38.76	34.31	36.85	42.45
Basic Weighted Average Shares Outstanding	153M	152M	151M	149M	150M
Net EPS - Diluted	31.85	38.22	33.97	36.51	42.01
Diluted EPS - Continuing Operations	31.85	38.22	33.97	36.51	42.01
Diluted Weighted Average Shares Outstanding	155M	154M	152M	151M	152M
Normalized Basic EPS	20.44	28.24	27.8	26.12	31.98
Normalized Diluted EPS	20.27	27.85	27.52	25.88	31.65
Dividend Per Share	14.52	16.52	19.52	20	20.4
Payout Ratio	45.82	43.16	57.74	55.16	48.69
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	6.09B	7.9B	6.9B	6.77B	8.21B
EBITA	5.84B	7.63B	6.63B	6.49B	7.92B
EBIT	5.73B	7.48B	6.48B	6.34B	7.68B
EBITDAR	6.28B	8.13B	7.15B	7B	8.45B
Total Revenues (As Reported)	16.2B	19.37B	17.87B	17.86B	20.41B
Effective Tax Rate - (Ratio)	18.98	24.08	20.6	20.67	21.49
Current Domestic Taxes	806M	2.26B	246M	817M	1.1B
Current Foreign Taxes	589M	576M	448M	538M	787M
Total Current Taxes	1.4B	2.83B	694M	1.36B	1.89B
Deferred Domestic Taxes	-60M	-1.08B	626M	112M	-105M
Deferred Foreign Taxes	-97M	220M	-24M	12M	-1M
Total Deferred Taxes	-157M	-865M	602M	124M	-106M
Normalized Net Income	3.14B	4.3B	4.2B	3.9B	4.8B
Supplemental Operating Expense Items
Marketing Expenses	229M	238M	331M	344M	314M
Selling and Marketing Expenses	229M	238M	331M	344M	314M
General and Administrative Expenses	2.01B	1.72B	1.57B	1.63B	1.61B
Research And Development Expense From Footnotes	397M	508M	600M	607M	674M
Net Rental Expense, Total	187M	228M	255M	238M	243M
Imputed Operating Lease Interest Expense	44.45M	42.98M	48.54M	60.8M	87.43M
Imputed Operating Lease Depreciation	143M	185M	206M	177M	156M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	622M	734M	708M	630M	753M
Total Stock-Based Compensation	622M	734M	708M	630M	753M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	8.51B	9.07B	7.42B	8.74B	12.76B
Short Term Investments	-	-	-	-	9M
Trading Asset Securities, Total	-	-	-	-	1.82B
Total Cash And Short Term Investments	8.51B	9.07B	7.42B	8.74B	14.59B
Accounts Receivable, Total	3.64B	3.95B	3.66B	4.12B	4.55B
Other Receivables	175M	218M	354M	252M	215M
Total Receivables	3.82B	4.17B	4.01B	4.37B	4.76B
Restricted Cash	17M	17M	17M	17M	17M
Other Current Assets, Total	16.68B	7.37B	5.77B	4.58B	6.07B
Total Current Assets	29.02B	20.63B	17.21B	17.7B	25.44B
Gross Property Plant And Equipment	2.43B	3.64B	3.94B	3.97B	4.18B
Accumulated Depreciation	-1.1B	-1.26B	-1.39B	-1.44B	-1.55B
Net Property Plant And Equipment	1.33B	2.38B	2.55B	2.53B	2.62B
Long-term Investments	3.36B	4.29B	8.94B	11.15B	9.64B
Goodwill	14.55B	15.35B	15.34B	15.52B	25.95B
Other Intangibles, Total	18.26B	18.45B	18.3B	18.26B	20.74B
Deferred Tax Assets Long-Term	304M	245M	237M	208M	181M
Other Long-Term Assets, Total	110B	91.3B	55.04B	57.83B	54.04B
Total Assets	177B	153B	118B	123B	139B
Liabilities
Accounts Payable, Total	897M	1.21B	1.2B	886M	1.4B
Accrued Expenses, Total	2.5B	2.95B	2.27B	2.39B	2.96B
Current Portion of Long-Term Debt	800M	764M	-	1.1B	725M
Current Portion of Leases	162M	144M	142M	180M	198M
Current Income Taxes Payable	131M	190M	92M	354M	134M
Other Current Liabilities	16.51B	7.08B	5.78B	4.56B	6.09B
Total Current Liabilities	21B	12.34B	9.49B	9.47B	11.52B
Long-Term Debt	6.51B	6.7B	6.65B	6.92B	11.59B
Long-Term Leases	593M	1.73B	1.69B	1.6B	1.71B
Unearned Revenue Non Current	707M	1.63B	1.54B	1.92B	1.98B
Deferred Tax Liability Non Current	3.67B	2.76B	3.38B	3.51B	3.33B
Other Non Current Liabilities	107B	88.61B	56.08B	58.55B	59.13B
Total Liabilities	139B	114B	78.84B	81.97B	89.26B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	19.29B	19.64B	19.77B	19.83B	13.45B
Retained Earnings	24.33B	27.69B	29.88B	32.34B	35.61B
Treasury Stock	-8.01B	-9.09B	-10.8B	-11.99B	-386M
Comprehensive Income and Other	-337M	-550M	-1.1B	-840M	-1.18B
Total Common Equity	35.28B	37.69B	37.74B	39.35B	47.5B
Minority Interest	2.37B	1.2B	1.04B	1.89B	1.86B
Total Equity	37.66B	38.89B	38.78B	41.24B	49.36B
Total Liabilities And Equity	177B	153B	118B	123B	139B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	153M	152M	150M	149M	155M
ECS Total Common Shares Outstanding	153M	152M	150M	149M	155M
Book Value / Share	231.31	248.5	252.04	264.96	306.52
Tangible Book Value	2.47B	3.89B	4.1B	5.56B	803M
Tangible Book Value Per Share	16.19	25.64	27.38	37.47	5.18
Total Debt	8.07B	9.33B	8.49B	9.8B	14.22B
Net Debt	-440M	260M	1.07B	1.06B	-372M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-36M	-35M	-29M	-28M	-27M
Debt Equivalent Oper. Leases	1.5B	1.82B	2.04B	1.9B	1.94B
Minority Interest, Total (Incl. Fin. Div)	2.37B	1.2B	1.04B	1.89B	1.86B
Equity Method Investments, Total	695M	992M	1.48B	1.41B	4.15B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	6M	6M	6M	6M	6M
Buildings, Total	63M	64M	64M	64M	65M
Machinery, Total	1.07B	1.18B	1.32B	1.38B	1.44B
Full Time Employees	16.5K	18.4K	19.8K	19.8K	21.1K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	4.93B	5.9B	5.18B	5.5B	6.37B
Depreciation & Amortization - CF	252M	268M	267M	276M	288M
Amortization of Goodwill and Intangible Assets - (CF)	106M	147M	151M	151M	241M
Depreciation & Amortization, Total	358M	415M	418M	427M	529M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-501M	-302M	400M	-380M	-269M
(Gain) Loss on Sale of Investments - (CF)	-366M	-165M	-268M	-	-126M
Asset Writedown & Restructuring Costs	-	-	-	-	50M
(Income) Loss On Equity Investments - (CF)	-116M	-231M	21M	-329M	16M
Stock-Based Compensation (CF)	622M	734M	708M	630M	753M
Other Operating Activities, Total	-1.36B	-2.07B	-604M	-1.34B	-2.54B
Change in Trading Asset Securities	160M	323M	196M	72M	58M
Change In Accounts Receivable	-313M	-322M	416M	-586M	-443M
Change In Accounts Payable	-115M	342M	-151M	-26M	259M
Change in Other Net Operating Assets	437M	315M	-1.36B	194M	302M
Cash from Operations	3.74B	4.94B	4.96B	4.16B	4.96B
Capital Expenditure	-194M	-341M	-533M	-344M	-255M
Cash Acquisitions	-	-1.11B	-	-189M	-2.94B
Investment in Marketable and Equity Securities, Total	-60M	-490M	-597M	-426M	187M
Cash from Investing	-254M	-1.94B	-1.13B	-959M	-3B
Long-Term Debt Issued, Total	2.3B	1.02B	-	1.24B	5.47B
Total Debt Issued	2.3B	1.02B	-	1.24B	5.47B
Long-Term Debt Repaid, Total	-	-750M	-776M	-59M	-1.06B
Total Debt Repaid	-	-750M	-776M	-59M	-1.06B
Issuance of Common Stock	-	-	11M	95M	464M
Repurchase of Common Stock	-1.81B	-1.48B	-2.33B	-1.88B	-1.93B
Common Dividends Paid	-2.26B	-2.55B	-	-3.04B	-3.1B
Common & Preferred Stock Dividends Paid	-	-	-2.99B	-	-
Common & Preferred Stock Dividends Paid	-2.26B	-2.55B	-2.99B	-3.04B	-3.1B
Other Financing Activities, Total	2.02B	1.47B	645M	1.65B	2.39B
Cash from Financing	244M	-2.29B	-5.44B	-1.99B	2.24B
Foreign Exchange Rate Adjustments	102M	-61M	-291M	106M	-162M
Net Change in Cash	3.84B	659M	-1.91B	1.32B	4.03B
Supplemental Items
Cash Interest Paid	183M	189M	177M	200M	289M
Cash Income Tax Paid (Refund)	1.31B	2.72B	1.07B	1.39B	1.7B
Levered Free Cash Flow	4.27B	5.7B	3.94B	4.17B	6B
Unlevered Free Cash Flow	4.4B	5.83B	4.07B	4.35B	6.34B
Change In Net Working Capital	-32M	-344M	570M	321M	-515M
Net Debt Issued / Repaid	2.3B	273M	-776M	1.18B	4.42B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.07	2.84	3	3.29	3.67
Return on Total Capital	8.29	9.96	8.48	8.06	8.38
Return On Equity %	14.56	16.21	12.86	14.19	14.38
Return on Common Equity	14.33	16.17	13.73	14.27	14.67
Margin Analysis
Gross Profit Margin %	51.01	50.68	49.16	48.7	49.42
SG&A Margin	15	11.29	12.07	12.36	10.62
EBITDA Margin %	37.57	40.77	38.59	37.89	40.22
EBITA Margin %	36.01	39.39	37.1	36.34	38.81
EBIT Margin %	35.36	38.63	36.25	35.49	37.62
Income From Continuing Operations Margin %	32.62	32.03	27.94	31.78	31.91
Net Income Margin %	30.44	30.46	28.97	30.81	31.21
Net Avail. For Common Margin %	30.44	30.46	28.97	30.81	31.21
Normalized Net Income Margin	19.36	22.19	23.48	21.84	23.52
Levered Free Cash Flow Margin	26.36	29.43	22.04	23.36	29.42
Unlevered Free Cash Flow Margin	27.15	30.09	22.78	24.38	31.07
Asset Turnover
Asset Turnover	0.09	0.12	0.13	0.15	0.16
Fixed Assets Turnover	11.94	10.44	7.25	7.03	7.92
Receivables Turnover (Average Receivables)	4.67	5.1	4.7	4.59	4.71
Short Term Liquidity
Current Ratio	1.38	1.67	1.81	1.87	2.21
Quick Ratio	0.59	1.07	1.2	1.38	1.68
Operating Cash Flow to Current Liabilities	0.18	0.4	0.52	0.44	0.43
Days Sales Outstanding (Average Receivables)	78.39	71.54	77.72	79.49	77.73
Average Days Payable Outstanding	40.82	40.18	48.39	41.6	45.34
Long Term Solvency
Total Debt/Equity	21.43	23.99	21.89	23.76	28.82
Total Debt / Total Capital	17.65	19.35	17.96	19.2	22.37
LT Debt/Equity	18.87	21.66	21.52	20.66	26.95
Long-Term Debt / Total Capital	15.54	17.47	17.66	16.7	20.92
Total Liabilities / Total Assets	78.72	74.52	67.03	66.53	64.39
EBIT / Interest Expense	27.95	36.51	30.56	21.71	14.27
EBITDA / Interest Expense	30.61	39.64	33.74	23.99	15.71
(EBITDA - Capex) / Interest Expense	29.66	37.98	31.22	22.81	15.23
Total Debt / EBITDA	1.29	1.15	1.19	1.4	1.68
Net Debt / EBITDA	-0.07	0.03	0.15	0.15	-0.04
Total Debt / (EBITDA - Capex)	1.33	1.2	1.28	1.47	1.74
Net Debt / (EBITDA - Capex)	-0.07	0.03	0.16	0.16	-0.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.46	19.56	-7.75	-0.08	14.27
Gross Profit, 1 Yr. Growth %	11.61	18.78	-10.5	-1.01	17.52
EBITDA, 1 Yr. Growth %	3.19	30	-12.69	-1.9	21.17
EBITA, 1 Yr. Growth %	2.37	31.03	-13.12	-2.11	21.89
EBIT, 1 Yr. Growth %	2.25	30.88	-13.43	-2.16	20.99
Earnings From Cont. Operations, 1 Yr. Growth %	16.79	17.39	-19.52	13.66	14.73
Net Income, 1 Yr. Growth %	10.19	19.65	-12.25	6.26	15.76
Normalized Net Income, 1 Yr. Growth %	-7.33	37.36	-2.42	-7.03	22.88
Diluted EPS Before Extra, 1 Yr. Growth %	12.03	20	-11.12	7.48	15.06
Accounts Receivable, 1 Yr. Growth %	10.49	8.42	-7.37	12.54	10.44
Net Property, Plant and Equip., 1 Yr. Growth %	-3.9	79.17	6.88	-0.55	3.51
Total Assets, 1 Yr. Growth %	4.96	-13.75	-22.94	4.75	12.5
Tangible Book Value, 1 Yr. Growth %	300.81	57.51	5.45	35.7	-85.57
Common Equity, 1 Yr. Growth %	5.17	6.83	0.14	4.25	20.71
Cash From Operations, 1 Yr. Growth %	29.78	32.09	0.24	-15.96	18.99
Capital Expenditures, 1 Yr. Growth %	-23.62	75.77	56.3	-35.46	-25.87
Levered Free Cash Flow, 1 Yr. Growth %	21.28	33.72	-33.81	5.88	43.79
Unlevered Free Cash Flow, 1 Yr. Growth %	20.58	32.74	-33.03	6.91	45.49
Dividend Per Share, 1 Yr. Growth %	10	13.77	18.16	2.46	2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.83	15.44	5.02	-3.99	6.85
Gross Profit, 2 Yr. CAGR %	7.11	15.14	3.1	-5.88	7.77
EBITDA, 2 Yr. CAGR %	2.44	15.71	6.54	-7.45	9.08
EBITA, 2 Yr. CAGR %	1.79	15.7	6.7	-7.78	9.29
EBIT, 2 Yr. CAGR %	1.32	15.56	6.45	-7.97	8.86
Earnings From Cont. Operations, 2 Yr. CAGR %	10.85	17.09	-2.8	-4.36	14.19
Net Income, 2 Yr. CAGR %	7.03	14.82	2.46	-3.44	10.91
Normalized Net Income, 2 Yr. CAGR %	-4.52	12.68	15.77	-4.75	6.94
Diluted EPS Before Extra, 2 Yr. CAGR %	9.47	15.95	3.27	-2.26	11.21
Accounts Receivable, 2 Yr. CAGR %	13.35	9.45	0.22	2.1	11.49
Net Property, Plant and Equip., 2 Yr. CAGR %	43.82	31.22	38.38	3.1	1.46
Total Assets, 2 Yr. CAGR %	5.31	-4.85	-18.48	-10.16	8.56
Tangible Book Value, 2 Yr. CAGR %	56.43	151.26	28.88	19.62	-55.75
Common Equity, 2 Yr. CAGR %	4.4	6	3.43	2.17	12.18
Cash From Operations, 2 Yr. CAGR %	10.33	30.93	15.07	-8.22	0
Capital Expenditures, 2 Yr. CAGR %	-2.48	15.87	65.75	0.44	-30.83
Levered Free Cash Flow, 2 Yr. CAGR %	6.18	27.24	-3.87	-16.29	23.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.16	26.4	-3.7	-15.38	24.78
Dividend Per Share, 2 Yr. CAGR %	9.91	11.87	15.95	10.03	2.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.02	10.92	7.12	3.29	1.75
Gross Profit, 3 Yr. CAGR %	6.78	10.87	5.86	1.71	0.9
EBITDA, 3 Yr. CAGR %	3.43	10.83	5.34	3.65	1.28
EBITA, 3 Yr. CAGR %	2.93	10.66	5.16	3.68	1.24
EBIT, 3 Yr. CAGR %	2.88	10.27	4.96	3.5	0.86
Earnings From Cont. Operations, 3 Yr. CAGR %	1.95	12.99	3.33	2.4	1.62
Net Income, 3 Yr. CAGR %	-0.13	11.08	4.98	3.71	2.58
Normalized Net Income, 3 Yr. CAGR %	-0.17	7.7	7.41	7.61	3.73
Diluted EPS Before Extra, 3 Yr. CAGR %	1.88	12.87	6.11	4.66	3.2
Accounts Receivable, 3 Yr. CAGR %	9.31	11.69	3.53	4.17	4.81
Net Property, Plant and Equip., 3 Yr. CAGR %	30.97	54.75	22.55	23.95	3.24
Total Assets, 3 Yr. CAGR %	-7.03	-1.47	-11.31	-11.37	-3.16
Tangible Book Value, 3 Yr. CAGR %	27.58	56.79	88.12	31.11	-40.89
Common Equity, 3 Yr. CAGR %	3.53	5.2	4.01	3.7	8.01
Cash From Operations, 3 Yr. CAGR %	-1.78	17.15	19.78	3.63	0.08
Capital Expenditures, 3 Yr. CAGR %	7.77	18.68	28.03	21.04	-9.23
Levered Free Cash Flow, 3 Yr. CAGR %	4.37	14.59	3.81	-0.73	0.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.23	14.3	3.73	-0.29	1.41
Dividend Per Share, 3 Yr. CAGR %	13.24	11.18	13.93	11.26	7.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.29	9.58	5.62	4.7	7.02
Gross Profit, 5 Yr. CAGR %	6.02	10.28	5.29	3.84	6.37
EBITDA, 5 Yr. CAGR %	4.19	10.01	4.62	3.12	6.82
EBITA, 5 Yr. CAGR %	4.02	10	4.38	2.88	6.79
EBIT, 5 Yr. CAGR %	4.2	10.04	4.25	2.58	6.5
Earnings From Cont. Operations, 5 Yr. CAGR %	9.54	14.41	0.02	5.7	7.55
Net Income, 5 Yr. CAGR %	8.08	13.25	0.9	5.03	7.31
Normalized Net Income, 5 Yr. CAGR %	2.33	8.97	5.87	2.54	7.22
Diluted EPS Before Extra, 5 Yr. CAGR %	9.98	14.98	2.43	6.55	8.12
Accounts Receivable, 5 Yr. CAGR %	9.55	12.27	5.58	7.75	6.64
Net Property, Plant and Equip., 5 Yr. CAGR %	18.01	33.64	33.89	31.55	13.63
Total Assets, 5 Yr. CAGR %	-4.71	-7.06	-11.79	-5.04	-3.84
Tangible Book Value, 5 Yr. CAGR %	4.39	22.97	28.1	40.71	5.45
Common Equity, 5 Yr. CAGR %	4.36	5.31	3.49	3.98	7.2
Cash From Operations, 5 Yr. CAGR %	4.5	16.81	4.64	6.26	11.44
Capital Expenditures, 5 Yr. CAGR %	-2.57	23.44	28.02	11.02	0.08
Levered Free Cash Flow, 5 Yr. CAGR %	4.1	11.96	0.96	1.94	11.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.97	11.59	0.95	2.21	11.69
Dividend Per Share, 5 Yr. CAGR %	10.74	12.52	14.31	10.72	9.1