BLK FY 2015 Earnings Report — BlackRock, Inc. Revenue & Financial Results | Market Cap Arena

BlackRock, Inc.BLK

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$11.4B	—	—	—	—
Op. Income	$4.7B	—	—	—	—
Gross Margin	54.1%	—	—	—	—
Net Margin	29.3%	—	—	—	—
EPS (Diluted)	$19.71	—	—	—	—
Free Cash Flow	$2.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$11.4B
Cost of Revenue	$5.2B
GROSS PROFIT	$6.2B
R&D Expenses	$170M
Selling & Marketing	$365M
General & Administrative	$1.0B
SG&A Expenses	$1.4B
Other Expenses	-$42M
Operating Expenses	$1.5B
Cost & Expenses	$6.7B
OPERATING INCOME	$4.7B
Interest Income	$26M
Interest Expense	$204M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$295M
EBIT	$4.7B
EBITDA	$5.0B
EPS	$20
EPS Diluted	$20

Income Statement

Item	Amount
REVENUE	$11.4B
Cost of Revenue	$5.2B
GROSS PROFIT	$6.2B
R&D Expenses	$170M
Selling & Marketing	$365M
General & Administrative	$1.0B
SG&A Expenses	$1.4B
Other Expenses	-$42M
Operating Expenses	$1.5B
Cost & Expenses	$6.7B
OPERATING INCOME	$4.7B
Interest Income	$26M
Interest Expense	$204M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$295M
EBIT	$4.7B
EBITDA	$5.0B
EPS	$20
EPS Diluted	$20

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$247M
Stock-Based Compensation	$514M
Deferred Income Tax	-$156M
Other Non-Cash Items	-$411M
Change in Working Capital	-$542M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$221M
Acquisitions (Net)	-$273M
Purchases of Investments	-$493M
Sales/Maturities of Investments	$456M
Other Investing Activities	$66M
NET CASH FROM INVESTING	-$465M
Net Debt Issuance	$37M
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$1.5B
Other Financing Activities	$706M
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$2.8B
Net Change in Cash	$360M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.2B
Short-Term Investments	$0
Net Receivables	$3.3B
Inventory	$0
Other Current Assets	$31.3B
TOTAL CURRENT ASSETS	$40.8B
PP&E (Net)	$581M
Goodwill	$13.1B
Intangible Assets	$17.4B
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$151.8B
TOTAL NON-CURRENT ASSETS	$184.4B
TOTAL ASSETS	$225.3B
Account Payables	$1.1B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$4.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.9B
Other Non-Current Liabilities	$185.4B
TOTAL NON-CURRENT LIABILITIES	$195.1B
TOTAL LIABILITIES	$196.2B
Common Stock	$2M
Additional Paid-In Capital	$19.4B
Retained Earnings	$12.0B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$448M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.5B
Minority Interest	$541M
TOTAL EQUITY	$29.0B
TOTAL LIABILITIES & EQUITY	$225.3B
Total Debt	$4.9B
Net Debt	-$1.3B