BLK Q3 2019 Earnings Report — BlackRock, Inc. Revenue & Financial Results | Market Cap Arena

BlackRock, Inc.BLK

Q3 2019 Earnings

Reported November 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$3.7B	—	—	—	—
Op. Income	$1.5B	—	—	—	—
Gross Margin	51.9%	—	—	—	—
Net Margin	30.3%	—	—	—	—
EPS (Diluted)	$7.12	—	—	—	—
Free Cash Flow	$876M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.9B
R&D Expenses	$70M
Selling & Marketing	$79M
General & Administrative	$309M
SG&A Expenses	$388M
Other Expenses	-$45M
Operating Expenses	$413M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.5B
Interest Income	$19M
Interest Expense	$54M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$341M
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	$105M
EBIT	$1.5B
EBITDA	$1.6B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.9B
R&D Expenses	$70M
Selling & Marketing	$79M
General & Administrative	$309M
SG&A Expenses	$388M
Other Expenses	-$45M
Operating Expenses	$413M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.5B
Interest Income	$19M
Interest Expense	$54M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$341M
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	$105M
EBIT	$1.5B
EBITDA	$1.6B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$105M
Stock-Based Compensation	$133M
Deferred Income Tax	-$15M
Other Non-Cash Items	-$503M
Change in Working Capital	$92M
OPERATING CASH FLOW	$931M
Capital Expenditure	-$55M
Acquisitions (Net)	-$4M
Purchases of Investments	-$498M
Sales/Maturities of Investments	$80M
Other Investing Activities	$33M
NET CASH FROM INVESTING	-$444M
Net Debt Issuance	$44M
Common Stock Repurchased	-$109M
Common Dividends Paid	-$513M
Other Financing Activities	$717M
NET CASH FROM FINANCING	$139M
FREE CASH FLOW	$876M
Net Change in Cash	$584M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.6B
Short-Term Investments	$0
Net Receivables	$5.9B
Inventory	$0
Other Current Assets	$18.7B
TOTAL CURRENT ASSETS	$29.2B
PP&E (Net)	$669M
Goodwill	$14.6B
Intangible Assets	$18.4B
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$98.9B
TOTAL NON-CURRENT ASSETS	$134.6B
TOTAL ASSETS	$163.9B
Account Payables	$1.3B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$6.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.8B
Other Non-Current Liabilities	$119.1B
TOTAL NON-CURRENT LIABILITIES	$129.0B
TOTAL LIABILITIES	$130.3B
Common Stock	$2M
Additional Paid-In Capital	$19.1B
Retained Earnings	$20.9B
Treasury Stock	-$6.7B
Accum. Other Comp. Income	-$784M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.4B
Minority Interest	$1.2B
TOTAL EQUITY	$33.6B
TOTAL LIABILITIES & EQUITY	$163.9B
Total Debt	$6.1B
Net Debt	$1.5B