BlackRock Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| (in millions, except shares and per share data) | December 31,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents(1) | $12,762 | $8,736 |
| Accounts receivable | 4,304 | 3,916 |
| Investments(1) | 9,769 | 9,740 |
| Separate account assets | 52,811 | 56,098 |
| Separate account collateral held under securities lending agreements | 6,059 | 4,558 |
| Property and equipment (net of accumulated depreciation and amortization of $1,553 and $1,439 at December 31, 2024 and 2023, respectively) | 1,103 | 1,112 |
| Intangible assets (net of accumulated amortization of $782 and $618 at December 31, 2024 and 2023, respectively) | 20,743 | 18,258 |
| Goodwill | 25,949 | 15,524 |
| Operating lease right-of-use assets | 1,519 | 1,421 |
| Other assets(1) | 3,596 | 3,848 |
| Total assets | $138,615 | $123,211 |
| Liabilities | ||
| Accrued compensation and benefits | $2,964 | $2,393 |
| Accounts payable and accrued liabilities | 1,536 | 1,240 |
| Borrowings | 12,314 | 7,918 |
| Separate account liabilities | 52,811 | 56,098 |
| Separate account collateral liabilities under securities lending agreements | 6,059 | 4,558 |
| Contingent consideration liabilities | 4,302 | 99 |
| Deferred income tax liabilities | 3,334 | 3,506 |
| Operating lease liabilities | 1,908 | 1,784 |
| Other liabilities(1) | 4,032 | 4,375 |
| Total liabilities | 89,260 | 81,971 |
| Commitments and contingencies (Note 16) | ||
| Temporary equity | ||
| Redeemable noncontrolling interests | 1,691 | 1,740 |
| Permanent equity | ||
| BlackRock, Inc. stockholders’ equity | ||
| Common stock, $0.01 par value; | 2 | 2 |
| Shares authorized: 500,000,000 at December 31, 2024 and 2023; Shares issued: 155,318,170 and 172,075,373 at December 31, 2024 and 2023, respectively; Shares outstanding: 154,947,813 and 148,500,074 at December 31, 2024 and 2023, respectively | ||
| Additional paid-in capital | 13,446 | 19,833 |
| Retained earnings | 35,611 | 32,343 |
| Accumulated other comprehensive loss | (1,178) | (840) |
| Treasury stock, common, at cost (370,357 and 23,575,299 shares held at December 31, 2024 and 2023, respectively) | (386) | (11,991) |
| Total BlackRock, Inc. stockholders’ equity | 47,495 | 39,347 |
| Nonredeemable noncontrolling interests | 169 | 153 |
| Total permanent equity | 47,664 | 39,500 |
| Total liabilities, temporary equity and permanent equity | $138,615 | $123,211 |
(1)
At December 31,2024, cash and cash equivalents, investments, other assets and other liabilities include$125 million,$5.1 billion,$45 million and$2.1 billion, respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2023, cash and cash equivalents, investments, other assets and other liabilities include$234 million,$5.0 billion,$83 million and$2.2 billion, respectively, related to consolidated VIEs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.