BLK FY 2006 Earnings Report — BlackRock, Inc. Revenue & Financial Results | Market Cap Arena

BlackRock, Inc.BLK

FY 2006 Earnings

Reported March 13, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$2.1B	—	—	—	—
Op. Income	$648M	—	—	—	—
Gross Margin	100.0%	—	—	—	—
Net Margin	15.4%	—	—	—	—
EPS (Diluted)	$3.85	—	—	—	—
Free Cash Flow	$637M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$173M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$443M
SG&A Expenses	$443M
Other Expenses	$1.2B
Operating Expenses	$1.6B
Cost & Expenses	$1.6B
OPERATING INCOME	$648M
Interest Income	$29M
Interest Expense	$10M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$528M
Income Tax Expense	$189M
Net Income from Continuing Ops	$339M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$323M
Net Income Deductions	-$398.0K
BOTTOM LINE NET INCOME	$323M
D&A	$73M
EBIT	$648M
EBITDA	$721M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$173M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$443M
SG&A Expenses	$443M
Other Expenses	$1.2B
Operating Expenses	$1.6B
Cost & Expenses	$1.6B
OPERATING INCOME	$648M
Interest Income	$29M
Interest Expense	$10M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$528M
Income Tax Expense	$189M
Net Income from Continuing Ops	$339M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$323M
Net Income Deductions	-$398.0K
BOTTOM LINE NET INCOME	$323M
D&A	$73M
EBIT	$648M
EBITDA	$721M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$323M
Depreciation & Amortization	$73M
Stock-Based Compensation	$0
Deferred Income Tax	-$43M
Other Non-Cash Items	$168M
Change in Working Capital	$200M
OPERATING CASH FLOW	$721M
Capital Expenditure	-$84M
Acquisitions (Net)	-$272M
Purchases of Investments	-$213M
Sales/Maturities of Investments	$26M
Other Investing Activities	$547M
NET CASH FROM INVESTING	$4M
Net Debt Issuance	$0
Common Stock Repurchased	-$31M
Common Dividends Paid	-$136M
Other Financing Activities	$72M
NET CASH FROM FINANCING	-$85M
FREE CASH FLOW	$637M
Net Change in Cash	$676M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$2.1B
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$177M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$215M
Goodwill	$5.3B
Intangible Assets	$5.9B
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$4.6B
TOTAL NON-CURRENT ASSETS	$18.1B
TOTAL ASSETS	$20.5B
Account Payables	$754M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$253M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$4.5B
TOTAL NON-CURRENT LIABILITIES	$6.5B
TOTAL LIABILITIES	$8.6B
Common Stock	$1M
Additional Paid-In Capital	$9.8B
Retained Earnings	$994M
Treasury Stock	-$57M
Accum. Other Comp. Income	$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.8B
Minority Interest	$1.1B
TOTAL EQUITY	$11.9B
TOTAL LIABILITIES & EQUITY	$20.5B
Total Debt	$253M
Net Debt	-$907M