Cash flow BlackRock, Inc.

Equities

BLK

US09290D1019

Investment Management & Fund Operators

Real-time Estimate Cboe BZX Other stock markets 14:57:09 21/01/2025 GMT			5-day change	1st Jan Change
1,018.92 ^USD	+1.39%		+6.36%	-0.07%

01-20	Part of Thames Water restructure plan "holds company to ransom"	AN
01-20	Malaysia Airports buyout offer extended to Feb. 4	RE

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Published financial data: BLACKROCK, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	14.54B	16.2B	19.37B	17.87B	17.86B
Other Revenues, Total	-	-	-	-	-
Total Revenues	14.54B	16.2B	19.37B	17.87B	17.86B
Cost of Goods Sold, Total	7.13B	7.94B	9.56B	9.09B	9.16B
Gross Profit	7.41B	8.27B	9.82B	8.79B	8.7B
Selling General & Admin Expenses, Total	1.7B	2.43B	2.19B	2.16B	2.21B
Amortization of Goodwill and Intangible Assets - (IS)	97M	106M	147M	151M	151M
Other Operating Expenses, Total	1.8B	2.54B	2.33B	2.31B	2.36B
Operating Income	5.6B	5.73B	7.48B	6.48B	6.34B
Interest Expense, Total	-203M	-205M	-205M	-212M	-292M
Interest And Investment Income	97M	62M	87M	152M	473M
Net Interest Expenses	-106M	-143M	-118M	-60M	181M
EBT, Excl. Unusual Items	5.5B	5.59B	7.37B	6.42B	6.52B
Restructuring Charges	-	-	-	-91M	-61M
Gain (Loss) On Sale Of Investments	342M	972M	841M	-35M	699M
Asset Writedown	-	-12M	-	-	-
Other Unusual Items	-53M	-23M	-34M	-3M	-3M
EBT, Incl. Unusual Items	5.79B	6.52B	8.17B	6.29B	7.16B
Income Tax Expense	1.26B	1.24B	1.97B	1.3B	1.48B
Earnings From Continuing Operations	4.53B	5.29B	6.2B	4.99B	5.68B
Net Income to Company	4.53B	5.29B	6.2B	4.99B	5.68B
Minority Interest	-50M	-354M	-304M	184M	-174M
Net Income - (IS)	4.48B	4.93B	5.9B	5.18B	5.5B
Net Income to Common Incl Extra Items	4.48B	4.93B	5.9B	5.18B	5.5B
Net Income to Common Excl. Extra Items	4.48B	4.93B	5.9B	5.18B	5.5B
Per Share Items
Net EPS - Basic	28.69	32.13	38.76	34.31	36.85
Basic EPS - Continuing Operations	28.69	32.13	38.76	34.31	36.85
Basic Weighted Average Shares Outstanding	156M	153M	152M	151M	149M
Net EPS - Diluted	28.43	31.85	38.22	33.97	36.51
Diluted EPS - Continuing Operations	28.43	31.85	38.22	33.97	36.51
Diluted Weighted Average Shares Outstanding	157M	155M	154M	152M	151M
Normalized Basic EPS	21.7	20.44	28.24	27.8	26.12
Normalized Diluted EPS	21.51	20.27	27.85	27.52	25.88
Dividend Per Share	13.2	14.52	16.52	19.52	20
Payout Ratio	46.83	45.82	43.16	57.74	55.16
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	6.01B	6.09B	7.9B	6.9B	6.77B
EBITA	5.7B	5.84B	7.63B	6.63B	6.49B
EBIT	5.6B	5.73B	7.48B	6.48B	6.34B
EBITDAR	6.19B	6.28B	8.13B	7.15B	7B
Total Revenues (As Reported)	14.54B	16.2B	19.37B	17.87B	17.86B
Effective Tax Rate - (Ratio)	21.79	18.98	24.08	20.6	20.67
Current Domestic Taxes	844M	806M	2.26B	246M	817M
Current Foreign Taxes	400M	589M	576M	448M	538M
Total Current Taxes	1.24B	1.4B	2.83B	694M	1.36B
Deferred Domestic Taxes	22M	-60M	-1.08B	626M	112M
Deferred Foreign Taxes	-5M	-97M	220M	-24M	12M
Total Deferred Taxes	17M	-157M	-865M	602M	124M
Normalized Net Income	3.39B	3.14B	4.3B	4.2B	3.9B
Supplemental Operating Expense Items
Marketing Expenses	350M	229M	238M	331M	344M
Selling and Marketing Expenses	350M	229M	238M	331M	344M
General and Administrative Expenses	1.18B	2.01B	1.72B	1.57B	1.63B
Research And Development Expense From Footnotes	289M	397M	508M	600M	607M
Net Rental Expense, Total	180M	187M	228M	255M	238M
Imputed Operating Lease Interest Expense	54.59M	44.45M	42.98M	48.54M	60.8M
Imputed Operating Lease Depreciation	125M	143M	185M	206M	177M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	567M	622M	734M	708M	630M
Total Stock-Based Compensation	567M	622M	734M	708M	630M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.7B	8.51B	9.07B	7.42B	8.74B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	4.7B	8.51B	9.07B	7.42B	8.74B
Accounts Receivable, Total	3.3B	3.64B	3.95B	3.66B	4.12B
Other Receivables	282M	175M	218M	354M	252M
Total Receivables	3.58B	3.82B	4.17B	4.01B	4.37B
Restricted Cash	17M	17M	17M	17M	17M
Other Current Assets, Total	15.6B	16.68B	7.37B	5.77B	4.58B
Total Current Assets	23.89B	29.02B	20.63B	17.21B	17.7B
Gross Property Plant And Equipment	2.26B	2.43B	3.64B	3.94B	3.97B
Accumulated Depreciation	-880M	-1.1B	-1.26B	-1.39B	-1.44B
Net Property Plant And Equipment	1.38B	1.33B	2.38B	2.55B	2.53B
Long-term Investments	3.17B	3.36B	4.29B	8.94B	11.15B
Goodwill	14.56B	14.55B	15.35B	15.34B	15.52B
Other Intangibles, Total	18.37B	18.26B	18.45B	18.3B	18.26B
Deferred Tax Assets Long-Term	175M	304M	245M	237M	208M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	107B	110B	91.3B	55.04B	57.83B
Total Assets	169B	177B	153B	118B	123B
Liabilities
Accounts Payable, Total	874M	897M	1.21B	1.2B	886M
Accrued Expenses, Total	2.06B	2.5B	2.95B	2.27B	2.39B
Current Portion of Long-Term Debt	-	800M	764M	-	1.1B
Current Portion of Leases	152M	162M	144M	142M	180M
Current Income Taxes Payable	293M	131M	190M	92M	354M
Other Current Liabilities	15.47B	16.51B	7.08B	5.78B	4.56B
Total Current Liabilities	18.84B	21B	12.34B	9.49B	9.47B
Long-Term Debt	4.96B	6.51B	6.7B	6.65B	6.92B
Long-Term Leases	624M	593M	1.73B	1.69B	1.6B
Unearned Revenue Non Current	599M	707M	1.63B	1.54B	1.92B
Deferred Tax Liability Non Current	3.73B	3.67B	2.76B	3.38B	3.51B
Other Non Current Liabilities	105B	107B	88.61B	56.08B	58.55B
Total Liabilities	134B	139B	114B	78.84B	81.97B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	19.19B	19.29B	19.64B	19.77B	19.83B
Retained Earnings	21.66B	24.33B	27.69B	29.88B	32.34B
Treasury Stock	-6.73B	-8.01B	-9.09B	-10.8B	-11.99B
Comprehensive Income and Other	-571M	-337M	-550M	-1.1B	-840M
Total Common Equity	33.55B	35.28B	37.69B	37.74B	39.35B
Minority Interest	1.38B	2.37B	1.2B	1.04B	1.89B
Total Equity	34.93B	37.66B	38.89B	38.78B	41.24B
Total Liabilities And Equity	169B	177B	153B	118B	123B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	155M	153M	152M	150M	149M
ECS Total Common Shares Outstanding	155M	153M	152M	150M	149M
Book Value / Share	216.15	231.31	248.5	252.04	264.96
Tangible Book Value	616M	2.47B	3.89B	4.1B	5.56B
Tangible Book Value Per Share	3.97	16.19	25.64	27.38	37.47
Total Debt	5.73B	8.07B	9.33B	8.49B	9.8B
Net Debt	1.03B	-440M	260M	1.07B	1.06B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-28M	-36M	-35M	-29M	-28M
Debt Equivalent Oper. Leases	1.44B	1.5B	1.82B	2.04B	1.9B
Minority Interest, Total (Incl. Fin. Div)	1.38B	2.37B	1.2B	1.04B	1.89B
Equity Method Investments, Total	982M	695M	992M	1.48B	1.41B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	6M	6M	6M	6M	6M
Buildings, Total	63M	63M	64M	64M	64M
Machinery, Total	878M	1.07B	1.18B	1.32B	1.38B
Full Time Employees	16.2K	16.5K	18.4K	19.8K	19.8K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.48B	4.93B	5.9B	5.18B	5.5B
Depreciation & Amortization - CF	308M	252M	268M	267M	276M
Amortization of Goodwill and Intangible Assets - (CF)	97M	106M	147M	151M	151M
Depreciation & Amortization, Total	405M	358M	415M	418M	427M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-284M	-501M	-302M	400M	-380M
(Gain) Loss on Sale of Investments - (CF)	-	-366M	-165M	-268M	-
(Income) Loss On Equity Investments - (CF)	-46M	-116M	-231M	21M	-329M
Stock-Based Compensation (CF)	567M	622M	734M	708M	630M
Other Operating Activities, Total	-1.63B	-1.36B	-2.07B	-604M	-1.34B
Change in Trading Asset Securities	-21M	160M	323M	196M	72M
Change In Accounts Receivable	-433M	-313M	-322M	416M	-586M
Change In Accounts Payable	-111M	-115M	342M	-151M	-26M
Change in Other Net Operating Assets	-43M	437M	315M	-1.36B	194M
Cash from Operations	2.88B	3.74B	4.94B	4.96B	4.16B
Capital Expenditure	-254M	-194M	-341M	-533M	-344M
Cash Acquisitions	-1.51B	-	-1.11B	-	-189M
Investment in Marketable and Equity Securities, Total	-250M	-60M	-490M	-597M	-426M
Cash from Investing	-2.01B	-254M	-1.94B	-1.13B	-959M
Long-Term Debt Issued, Total	1.1B	2.3B	1.02B	-	1.24B
Total Debt Issued	1.1B	2.3B	1.02B	-	1.24B
Long-Term Debt Repaid, Total	-1B	-	-750M	-776M	-59M
Total Debt Repaid	-1B	-	-750M	-776M	-59M
Issuance of Common Stock	-	-	-	11M	95M
Repurchase of Common Stock	-1.91B	-1.81B	-1.48B	-2.33B	-1.88B
Common Dividends Paid	-2.1B	-2.26B	-2.55B	-	-3.04B
Common & Preferred Stock Dividends Paid	-	-	-	-2.99B	-
Common & Preferred Stock Dividends Paid	-2.1B	-2.26B	-2.55B	-2.99B	-3.04B
Other Financing Activities, Total	1.32B	2.02B	1.47B	645M	1.65B
Cash from Financing	-2.58B	244M	-2.29B	-5.44B	-1.99B
Foreign Exchange Rate Adjustments	54M	102M	-61M	-291M	106M
Net Change in Cash	-1.66B	3.84B	659M	-1.91B	1.32B
Supplemental Items
Cash Interest Paid	193M	183M	189M	177M	200M
Cash Income Tax Paid (Refund)	1.17B	1.31B	2.72B	1.07B	1.39B
Levered Free Cash Flow	3.63B	4.27B	5.7B	3.94B	4.17B
Unlevered Free Cash Flow	3.76B	4.4B	5.83B	4.07B	4.35B
Change In Net Working Capital	463M	-32M	-344M	570M	321M
Net Debt Issued / Repaid	103M	2.3B	273M	-776M	1.18B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.13	2.07	2.84	3	3.29
Return on Total Capital	8.85	8.29	9.96	8.48	8.06
Return On Equity %	13.22	14.56	16.21	12.86	14.19
Return on Common Equity	13.58	14.33	16.17	13.73	14.27
Margin Analysis
Gross Profit Margin %	50.94	51.01	50.68	49.16	48.7
SG&A Margin	11.73	15	11.29	12.07	12.36
EBITDA Margin %	41.33	37.57	40.77	38.59	37.89
EBITA Margin %	39.21	36.01	39.39	37.1	36.34
EBIT Margin %	38.54	35.36	38.63	36.25	35.49
Income From Continuing Operations Margin %	31.13	32.62	32.03	27.94	31.78
Net Income Margin %	30.79	30.44	30.46	28.97	30.81
Net Avail. For Common Margin %	30.79	30.44	30.46	28.97	30.81
Normalized Net Income Margin	23.29	19.36	22.19	23.48	21.84
Levered Free Cash Flow Margin	24.97	26.36	29.43	22.04	23.36
Unlevered Free Cash Flow Margin	25.84	27.15	30.09	22.78	24.38
Asset Turnover
Asset Turnover	0.09	0.09	0.12	0.13	0.15
Fixed Assets Turnover	14.35	11.94	10.44	7.25	7.03
Receivables Turnover (Average Receivables)	4.74	4.67	5.1	4.7	4.59
Short Term Liquidity
Current Ratio	1.27	1.38	1.67	1.81	1.87
Quick Ratio	0.44	0.59	1.07	1.2	1.38
Operating Cash Flow to Current Liabilities	0.15	0.18	0.4	0.52	0.44
Days Sales Outstanding (Average Receivables)	77	78.39	71.54	77.72	79.49
Average Days Payable Outstanding	46.69	40.82	40.18	48.39	41.6
Long Term Solvency
Total Debt/Equity	16.41	21.43	23.99	21.89	23.76
Total Debt / Total Capital	14.09	17.65	19.35	17.96	19.2
LT Debt/Equity	15.97	18.87	21.66	21.52	20.66
Long-Term Debt / Total Capital	13.72	15.54	17.47	17.66	16.7
Total Liabilities / Total Assets	79.29	78.72	74.52	67.03	66.53
EBIT / Interest Expense	27.61	27.95	36.51	30.56	21.71
EBITDA / Interest Expense	30.49	30.61	39.64	33.74	23.99
(EBITDA - Capex) / Interest Expense	29.24	29.66	37.98	31.22	22.81
Total Debt / EBITDA	0.93	1.29	1.15	1.19	1.4
Net Debt / EBITDA	0.17	-0.07	0.03	0.15	0.15
Total Debt / (EBITDA - Capex)	0.97	1.33	1.2	1.28	1.47
Net Debt / (EBITDA - Capex)	0.17	-0.07	0.03	0.16	0.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.4	11.46	19.56	-7.75	-0.08
Gross Profit, 1 Yr. Growth %	2.79	11.61	18.78	-10.5	-1.01
EBITDA, 1 Yr. Growth %	3.57	3.19	30	-12.69	-1.9
EBITA, 1 Yr. Growth %	1.23	2.37	31.03	-13.12	-2.11
EBIT, 1 Yr. Growth %	0.39	2.25	30.88	-13.43	-2.16
Earnings From Cont. Operations, 1 Yr. Growth %	5.21