v3.19.2
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Total revenue $ 3,524 $ 3,605 $ 6,870 $ 7,188
Expense        
Employee compensation and benefits 1,083 1,082 2,147 2,203
Distribution and servicing costs 416 415 820 847
Direct fund expense 252 264 494 525
General and administration 470 393 858 776
Amortization of intangible assets 25 11 40 22
Total expense 2,246 2,165 4,359 4,373
Operating income 1,278 1,440 2,511 2,815
Nonoperating income (expense)        
Net gain (loss) on investments 89 3 231 18
Interest and dividend income 20 19 49 34
Interest expense (52) (46) (98) (92)
Total nonoperating income (expense) 57 (24) 182 (40)
Income before income taxes 1,335 1,416 2,693 2,775
Income tax expense 322 338 620 603
Net income 1,013 1,078 2,073 2,172
Net income (loss) attributable to noncontrolling interests 10 5 17 10
Net income attributable to BlackRock, Inc. $ 1,003 $ 1,073 $ 2,056 $ 2,162
Earnings per share attributable to BlackRock, Inc. common stockholders:        
Basic $ 6.46 $ 6.67 $ 13.11 $ 13.42
Diluted $ 6.41 $ 6.62 $ 13.02 $ 13.30
Weighted-average common shares outstanding:        
Basic 155,354,552 160,980,960 156,803,244 161,114,746
Diluted 156,360,741 162,161,937 157,853,711 162,532,637
Investment Advisory, Administration Fees and Securities Lending Revenue [Member]        
Revenue        
Total revenue $ 2,903 $ 2,944 $ 5,708 $ 5,891
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Related Parties [Member]        
Revenue        
Total revenue 2,061 2,087 4,050 4,199
Investment Advisory, Administration Fees and Securities Lending Revenue [Member] | Other Third Parties [Member]        
Revenue        
Total revenue 842 857 1,658 1,692
Investment Advisory Performance Fees [Member]        
Revenue        
Total revenue 64 91 90 161
Technology Services Revenue [Member]        
Revenue        
Total revenue 237 198 441 382
Distribution Fees [Member]        
Revenue        
Total revenue 267 294 529 605
Advisory and Other Revenue [Member]        
Revenue        
Total revenue $ 53 $ 78 $ 102 $ 149