v3.3.1.900
Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Information

22. Segment Information

The Company’s management directs BlackRock’s operations as one business, the asset management business.  The Company utilizes a consolidated approach to assess performance and allocate resources. As such, the Company operates in one business segment as defined in ASC 280-10.

The following table illustrates investment advisory, administration fees, securities lending revenue and performance fees by product type, BlackRock Solutions and advisory revenue, distribution fees and other revenue for 2015, 2014 and 2013.

 

(in millions)

 

2015

 

 

2014

 

 

2013

 

Equity

 

$

5,345

 

 

$

5,337

 

 

$

4,816

 

Fixed income

 

 

2,428

 

 

 

2,171

 

 

 

1,996

 

Multi-asset

 

 

1,287

 

 

 

1,236

 

 

 

1,063

 

Alternatives

 

 

1,082

 

 

 

1,103

 

 

 

1,104

 

Cash management

 

 

319

 

 

 

292

 

 

 

321

 

Total investment advisory, administration fees, securities lending revenue and

   performance fees

 

 

10,461

 

 

 

10,139

 

 

 

9,300

 

BlackRock Solutions and advisory

 

 

646

 

 

 

635

 

 

 

577

 

Distribution fees

 

 

55

 

 

 

70

 

 

 

73

 

Other revenue

 

 

239

 

 

 

237

 

 

 

230

 

Total revenue

 

$

11,401

 

 

$

11,081

 

 

$

10,180

 

 

The following table illustrates total revenue for 2015, 2014 and 2013 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the customer resides.

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

2015

 

 

2014

 

 

2013

 

Americas

 

$

7,502

 

 

$

7,286

 

 

$

6,829

 

Europe

 

 

3,356

 

 

 

3,246

 

 

 

2,832

 

Asia-Pacific

 

 

543

 

 

 

549

 

 

 

519

 

Total revenue

 

$

11,401

 

 

$

11,081

 

 

$

10,180

 

 

The following table illustrates long-lived assets that consist of goodwill and property and equipment at December 31, 2015, 2014 and 2013 by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located.

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived Assets

 

2015

 

 

2014

 

 

2013

 

Americas

 

$

13,422

 

 

$

13,151

 

 

$

13,204

 

Europe

 

 

186

 

 

 

194

 

 

 

214

 

Asia-Pacific

 

 

96

 

 

 

83

 

 

 

87

 

Total long-lived assets

 

$

13,704

 

 

$

13,428

 

 

$

13,505

 

 

Americas primarily is comprised of the United States and Canada, while Europe primarily is comprised of the United Kingdom and Luxembourg. Asia-Pacific primarily is comprised of Hong Kong, Australia, Japan and Singapore.