BLK Q4 2021 Earnings Report — BlackRock, Inc. Revenue & Financial Results | Market Cap Arena

BlackRock, Inc.BLK

Q4 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$5.1B	—	—	—	—
Op. Income	$2.0B	—	—	—	—
Gross Margin	51.7%	—	—	—	—
Net Margin	32.2%	—	—	—	—
EPS (Diluted)	$10.59	—	—	—	—
Free Cash Flow	$1.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$2.5B
GROSS PROFIT	$2.6B
R&D Expenses	$135M
Selling & Marketing	$96M
General & Administrative	$466M
SG&A Expenses	$563M
Other Expenses	-$96M
Operating Expenses	$602M
Cost & Expenses	$3.1B
OPERATING INCOME	$2.0B
Interest Income	$46M
Interest Expense	$50M
Other Income/Expenses	$71M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$478M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$110M
EBIT	$2.0B
EBITDA	$2.1B
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$2.5B
GROSS PROFIT	$2.6B
R&D Expenses	$135M
Selling & Marketing	$96M
General & Administrative	$466M
SG&A Expenses	$563M
Other Expenses	-$96M
Operating Expenses	$602M
Cost & Expenses	$3.1B
OPERATING INCOME	$2.0B
Interest Income	$46M
Interest Expense	$50M
Other Income/Expenses	$71M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$478M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$110M
EBIT	$2.0B
EBITDA	$2.1B
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$110M
Stock-Based Compensation	$183M
Deferred Income Tax	-$860M
Other Non-Cash Items	-$582M
Change in Working Capital	$1.4B
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$126M
Acquisitions (Net)	-$9M
Purchases of Investments	-$376M
Sales/Maturities of Investments	$135M
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$358M
Net Debt Issuance	$991M
Common Stock Repurchased	-$303M
Common Dividends Paid	-$627M
Other Financing Activities	$347M
NET CASH FROM FINANCING	$408M
FREE CASH FLOW	$1.8B
Net Change in Cash	$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.3B
Short-Term Investments	$0
Net Receivables	$3.8B
Inventory	$0
Other Current Assets	$7.1B
TOTAL CURRENT ASSETS	$20.2B
PP&E (Net)	$2.4B
Goodwill	$15.4B
Intangible Assets	$18.5B
Long-Term Investments	$7.3B
Tax Assets	$0
Other Non-Current Assets	$89.0B
TOTAL NON-CURRENT ASSETS	$132.5B
TOTAL ASSETS	$152.6B
Account Payables	$1.2B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$190M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$7.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$100.3B
TOTAL NON-CURRENT LIABILITIES	$112.4B
TOTAL LIABILITIES	$113.8B
Common Stock	$2M
Additional Paid-In Capital	$19.6B
Retained Earnings	$27.7B
Treasury Stock	-$9.1B
Accum. Other Comp. Income	-$550M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$37.7B
Minority Interest	$1.2B
TOTAL EQUITY	$38.9B
TOTAL LIABILITIES & EQUITY	$152.6B
Total Debt	$9.3B
Net Debt	-$5M