BLK Q2 2018 Earnings Report — BlackRock, Inc. Revenue & Financial Results | Market Cap Arena

BlackRock, Inc.BLK

Q2 2018 Earnings

Reported August 8, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$3.6B	$3.6B	—	0.6%	—
Op. Income	$1.4B	$1.4B	—	4.7%	—
Gross Margin	51.2%	49.4%	—	1.8pp	—
Net Margin	29.8%	30.4%	—	-0.6pp	—
EPS (Diluted)	$6.59	$6.65	—	-0.9%	—
Free Cash Flow	$1.4B	-$174M	—	903.4%	—

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$58M
Selling & Marketing	$91M
General & Administrative	$303M
SG&A Expenses	$394M
Other Expenses	-$48M
Operating Expenses	$404M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.4B
Interest Income	$19M
Interest Expense	$46M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$338M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$54M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$58M
Selling & Marketing	$91M
General & Administrative	$303M
SG&A Expenses	$394M
Other Expenses	-$48M
Operating Expenses	$404M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.4B
Interest Income	$19M
Interest Expense	$46M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$338M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$54M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$54M
Stock-Based Compensation	$135M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$200M
Change in Working Capital	$369M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$30M
Acquisitions (Net)	$1M
Purchases of Investments	-$105M
Sales/Maturities of Investments	$39M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	$0
Common Stock Repurchased	-$321M
Common Dividends Paid	-$464M
Other Financing Activities	$186M
NET CASH FROM FINANCING	-$599M
FREE CASH FLOW	$1.4B
Net Change in Cash	$598M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.7B
Short-Term Investments	$0
Net Receivables	$4.5B
Inventory	$0
Other Current Assets	$23.0B
TOTAL CURRENT ASSETS	$34.1B
PP&E (Net)	$581M
Goodwill	$13.2B
Intangible Assets	$17.4B
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$128.4B
TOTAL NON-CURRENT ASSETS	$161.4B
TOTAL ASSETS	$195.5B
Account Payables	$1.2B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$5.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.5B
Other Non-Current Liabilities	$153.0B
TOTAL NON-CURRENT LIABILITIES	$161.5B
TOTAL LIABILITIES	$162.7B
Common Stock	$2M
Additional Paid-In Capital	$19.0B
Retained Earnings	$18.1B
Treasury Stock	-$4.4B
Accum. Other Comp. Income	-$575M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.1B
Minority Interest	$740M
TOTAL EQUITY	$32.9B
TOTAL LIABILITIES & EQUITY	$195.5B
Total Debt	$5.0B
Net Debt	-$1.7B