BLK FY 2016 Earnings Report — BlackRock, Inc. Revenue & Financial Results | Market Cap Arena

BlackRock, Inc.BLK

FY 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$12.3B	—	$11.4B	—	7.5%
Op. Income	$4.6B	—	$4.7B	—	-2.0%
Gross Margin	49.1%	—	54.1%	—	-5.1pp
Net Margin	25.9%	—	29.3%	—	-3.5pp
EPS (Diluted)	$18.94	—	$19.71	—	-3.9%
Free Cash Flow	$2.0B	—	$2.8B	—	-26.9%

Revenue Flow

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$6.2B
GROSS PROFIT	$6.0B
R&D Expenses	$175M
Selling & Marketing	$325M
General & Administrative	$955M
SG&A Expenses	$1.3B
Other Expenses	-$2M
Operating Expenses	$1.5B
Cost & Expenses	$7.7B
OPERATING INCOME	$4.6B
Interest Income	$40M
Interest Expense	$205M
Other Income/Expenses	-$110M
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$263M
EBIT	$4.6B
EBITDA	$4.9B
EPS	$19
EPS Diluted	$19

Income Statement

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$6.2B
GROSS PROFIT	$6.0B
R&D Expenses	$175M
Selling & Marketing	$325M
General & Administrative	$955M
SG&A Expenses	$1.3B
Other Expenses	-$2M
Operating Expenses	$1.5B
Cost & Expenses	$7.7B
OPERATING INCOME	$4.6B
Interest Income	$40M
Interest Expense	$205M
Other Income/Expenses	-$110M
INCOME BEFORE TAX	$4.5B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$263M
EBIT	$4.6B
EBITDA	$4.9B
EPS	$19
EPS Diluted	$19

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$229M
Stock-Based Compensation	$521M
Deferred Income Tax	-$14M
Other Non-Cash Items	-$999M
Change in Working Capital	-$753M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$119M
Acquisitions (Net)	-$30M
Purchases of Investments	-$451M
Sales/Maturities of Investments	$378M
Other Investing Activities	$34M
NET CASH FROM INVESTING	-$188M
Net Debt Issuance	$0
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$1.5B
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$2.0B
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.2B
Short-Term Investments	$0
Net Receivables	$3.1B
Inventory	$0
Other Current Assets	$27.8B
TOTAL CURRENT ASSETS	$37.1B
PP&E (Net)	$559M
Goodwill	$13.1B
Intangible Assets	$17.4B
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$150.5B
TOTAL NON-CURRENT ASSETS	$183.1B
TOTAL ASSETS	$220.2B
Account Payables	$880M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$880M
Long-Term Debt	$4.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.8B
Other Non-Current Liabilities	$180.2B
TOTAL NON-CURRENT LIABILITIES	$190.0B
TOTAL LIABILITIES	$190.8B
Common Stock	$2M
Additional Paid-In Capital	$19.3B
Retained Earnings	$13.7B
Treasury Stock	-$3.2B
Accum. Other Comp. Income	-$716M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$29.1B
Minority Interest	$246M
TOTAL EQUITY	$29.3B
TOTAL LIABILITIES & EQUITY	$220.2B
Total Debt	$4.9B
Net Debt	-$1.3B