BlackRock Finance, Inc.
10-K · 2021-02-25T00:00:00Z · 0001564590-21-008796144 tables
Cover (1)
Statements (8)
- R2.htmConsolidated Statements of Financial Condition
100010 - Statement - Consolidated Statements of Financial Condition
- R3.htmConsolidated Statements of Financial Condition (Parenthetical)
100020 - Statement - Consolidated Statements of Financial Condition (Parenthetical)
- R4.htmConsolidated Statements of Income
100030 - Statement - Consolidated Statements of Income
- R5.htmConsolidated Statements of Comprehensive Income
100040 - Statement - Consolidated Statements of Comprehensive Income
- R6.htmConsolidated Statements of Comprehensive Income (Parenthetical)
100050 - Statement - Consolidated Statements of Comprehensive Income (Parenthetical)
- R7.htmConsolidated Statements of Changes in Equity
100060 - Statement - Consolidated Statements of Changes in Equity
- R8.htmConsolidated Statements of Changes in Equity (Parenthetical)
100070 - Statement - Consolidated Statements of Changes in Equity (Parenthetical)
- R9.htmConsolidated Statements of Cash Flows
100080 - Statement - Consolidated Statements of Cash Flows
Notes (28)
- R10.htmBusiness Overview
100090 - Disclosure - Business Overview
- R11.htmSignificant Accounting Policies
100100 - Disclosure - Significant Accounting Policies
- R12.htmAcquisition
100110 - Disclosure - Acquisition
- R13.htmCash, Cash Equivalents and Restricted Cash
100120 - Disclosure - Cash, Cash Equivalents and Restricted Cash
- R14.htmInvestments
100130 - Disclosure - Investments
- R15.htmConsolidated Sponsored Investment Products
100140 - Disclosure - Consolidated Sponsored Investment Products
- R16.htmVariable Interest Entities
100150 - Disclosure - Variable Interest Entities
- R17.htmFair Value Disclosures
100160 - Disclosure - Fair Value Disclosures
- R18.htmDerivatives and Hedging
100170 - Disclosure - Derivatives and Hedging
- R19.htmProperty and Equipment
100180 - Disclosure - Property and Equipment
- R20.htmGoodwill
100190 - Disclosure - Goodwill
- R21.htmIntangible Assets
100200 - Disclosure - Intangible Assets
- R22.htmLeases
100210 - Disclosure - Leases
- R23.htmOther Assets
100220 - Disclosure - Other Assets
- R24.htmBorrowings
100230 - Disclosure - Borrowings
- R25.htmCommitments and Contingencies
100240 - Disclosure - Commitments and Contingencies
- R26.htmRevenue
100250 - Disclosure - Revenue
- R27.htmStock-Based Compensation
100260 - Disclosure - Stock-Based Compensation
- R28.htmEmployee Benefit Plans
100270 - Disclosure - Employee Benefit Plans
- R29.htmRelated Party Transactions
100280 - Disclosure - Related Party Transactions
- R30.htmNet Capital Requirements
100290 - Disclosure - Net Capital Requirements
- R31.htmAccumulated Other Comprehensive Income (Loss)
100300 - Disclosure - Accumulated Other Comprehensive Income (Loss)
- R32.htmCapital Stock
100310 - Disclosure - Capital Stock
- R33.htmRestructuring Charge
100320 - Disclosure - Restructuring Charge
- R34.htmIncome Taxes
100330 - Disclosure - Income Taxes
- R35.htmEarnings Per Share
100340 - Disclosure - Earnings Per Share
- R36.htmSegment Information
100350 - Disclosure - Segment Information
- R37.htmSubsequent Events
100360 - Disclosure - Subsequent Events
Policies (1)
Tables (22)
- R39.htmAcquisition (Tables)
100380 - Disclosure - Acquisition (Tables)
- R40.htmCash, Cash Equivalents and Restricted Cash (Tables)
100390 - Disclosure - Cash, Cash Equivalents and Restricted Cash (Tables)
- R41.htmInvestments (Tables)
100400 - Disclosure - Investments (Tables)
- R42.htmConsolidated Sponsored Investment Products (Tables)
100410 - Disclosure - Consolidated Sponsored Investment Products (Tables)
- R43.htmVariable Interest Entities (Tables)
100420 - Disclosure - Variable Interest Entities (Tables)
- R44.htmFair Value Disclosures (Tables)
100430 - Disclosure - Fair Value Disclosures (Tables)
- R45.htmDerivative and Hedging (Tables)
100440 - Disclosure - Derivative and Hedging (Tables)
- R46.htmProperty and Equipment (Tables)
100450 - Disclosure - Property and Equipment (Tables)
- R47.htmGoodwill (Tables)
100460 - Disclosure - Goodwill (Tables)
- R48.htmIntangible Assets (Tables)
100470 - Disclosure - Intangible Assets (Tables)
- R49.htmLeases (Tables)
100480 - Disclosure - Leases (Tables)
- R50.htmBorrowings (Tables)
100490 - Disclosure - Borrowings (Tables)
- R51.htmRevenue (Tables)
100500 - Disclosure - Revenue (Tables)
- R52.htmStock-Based Compensation (Tables)
100510 - Disclosure - Stock-Based Compensation (Tables)
- R53.htmRelated Party Transactions (Tables)
100520 - Disclosure - Related Party Transactions (Tables)
- R54.htmNet Capital Requirements (Tables)
100530 - Disclosure - Net Capital Requirements (Tables)
- R55.htmAccumulated Other Comprehensive Income (Loss) (Tables)
100540 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Tables)
- R56.htmCapital Stock (Tables)
100550 - Disclosure - Capital Stock (Tables)
- R57.htmRestructuring Charge (Tables)
100560 - Disclosure - Restructuring Charge (Tables)
- R58.htmIncome Taxes (Tables)
100570 - Disclosure - Income Taxes (Tables)
- R59.htmEarnings Per Share (Tables)
100580 - Disclosure - Earnings Per Share (Tables)
- R60.htmSegment Information (Tables)
100590 - Disclosure - Segment Information (Tables)
Details (84)
- R61.htmSignificant Accounting Policies - Additional Information (Detail)
100600 - Disclosure - Significant Accounting Policies - Additional Information (Detail)
- R62.htmAcquisition - Additional Information (Detail)
100610 - Disclosure - Acquisition - Additional Information (Detail)
- R63.htmAcquisition - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Detail)
100620 - Disclosure - Acquisition - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Detail)
- R64.htmAcquisition - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail)
100630 - Disclosure - Acquisition - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail)
- R65.htmCash, Cash Equivalents and Restricted Cash - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details)
100640 - Disclosure - Cash, Cash Equivalents and Restricted Cash - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details)
- R66.htmInvestments - Summary of Carrying Value of Total Investments (Detail)
100650 - Disclosure - Investments - Summary of Carrying Value of Total Investments (Detail)
- R67.htmInvestments - Summary of Sale Activity of Available-for-Sale-Securities (Detail)
100660 - Disclosure - Investments - Summary of Sale Activity of Available-for-Sale-Securities (Detail)
- R68.htmInvestments - Additional Information (Detail)
100670 - Disclosure - Investments - Additional Information (Detail)
- R69.htmInvestments - Summary of Cost and Carrying Value of Equity and Trading Debt Securities (Detail)
100680 - Disclosure - Investments - Summary of Cost and Carrying Value of Equity and Trading Debt Securities (Detail)
- R70.htmConsolidated Sponsored Investment Products - Consolidated VIEs And VREs Recorded in Consolidated Statements of Financial Condition (Detail)
100690 - Disclosure - Consolidated Sponsored Investment Products - Consolidated VIEs And VREs Recorded in Consolidated Statements of Financial Condition (Detail)
- R71.htmConsolidated Sponsored Investment Products - Schedule of Net Gain (Loss) Related to Consolidated VIEs (Detail)
100700 - Disclosure - Consolidated Sponsored Investment Products - Schedule of Net Gain (Loss) Related to Consolidated VIEs (Detail)
- R72.htmVariable Interest Entities Reflects adoption of ASU 2015-12 - Balances Relating to Variable Interest Entities in which BlackRock is Not Primary Beneficiary (Detail)
100710 - Disclosure - Variable Interest Entities Reflects adoption of ASU 2015-12 - Balances Relating to Variable Interest Entities in which BlackRock is Not Primary Beneficiary (Detail)
- R73.htmVariable Interest Entities Reflects adoption of ASU 2015-12 - Additional Information (Detail)
100720 - Disclosure - Variable Interest Entities Reflects adoption of ASU 2015-12 - Additional Information (Detail)
- R74.htmFair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail)
100730 - Disclosure - Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail)
- R75.htmFair Value Disclosures - Additional Information (Detail)
100740 - Disclosure - Fair Value Disclosures - Additional Information (Detail)
- R76.htmFair Value Disclosures - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail)
100750 - Disclosure - Fair Value Disclosures - Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail)
- R77.htmFair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Detail)
100760 - Disclosure - Fair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Detail)
- R78.htmFair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Parenthetical) (Detail)
100770 - Disclosure - Fair Value Disclosures - Fair Value of Financial Assets and Financial Liabilities (Parenthetical) (Detail)
- R79.htmFair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Detail)
100780 - Disclosure - Fair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Detail)
- R80.htmFair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Parenthetical) (Detail)
100790 - Disclosure - Fair Value Disclosures - Investments in Certain Entities Calculate Net Asset Value per Share (Parenthetical) (Detail)
- R81.htmFair Value Disclosures - Summary of Information Related to Bank Loans and Borrowings of Consolidated CLO Recorded within Investments and Borrowings of Consolidated VIEs Respectively for which Fair Value Option was Elected (Detail)
100800 - Disclosure - Fair Value Disclosures - Summary of Information Related to Bank Loans and Borrowings of Consolidated CLO Recorded within Investments and Borrowings of Consolidated VIEs Respectively for which Fair Value Option was Elected (Detail)
- R82.htmDerivatives and Hedging - Additional Information (Detail)
100810 - Disclosure - Derivatives and Hedging - Additional Information (Detail)
- R83.htmDerivatives and Hedging - Summary of Fair Values of Derivatives Instruments Recognized in Consolidated Statements of Financial Condition (Detail)
100820 - Disclosure - Derivatives and Hedging - Summary of Fair Values of Derivatives Instruments Recognized in Consolidated Statements of Financial Condition (Detail)
- R84.htmDerivatives and Hedging - Summary of Realized and Unrealized Gains (Losses) Recognized in Consolidated Statements of Income on Derivative Instruments (Detail)
100830 - Disclosure - Derivatives and Hedging - Summary of Realized and Unrealized Gains (Losses) Recognized in Consolidated Statements of Income on Derivative Instruments (Detail)
- R85.htmProperty and Equipment - Schedule of Property and Equipment (Detail)
100840 - Disclosure - Property and Equipment - Schedule of Property and Equipment (Detail)
- R86.htmProperty and Equipment - Additional Information (Detail)
100850 - Disclosure - Property and Equipment - Additional Information (Detail)
- R87.htmGoodwill - Goodwill Activity (Detail)
100860 - Disclosure - Goodwill - Goodwill Activity (Detail)
- R88.htmGoodwill - Goodwill Activity (Parenthetical) (Detail)
100870 - Disclosure - Goodwill - Goodwill Activity (Parenthetical) (Detail)
- R89.htmGoodwill - Additional Information (Detail)
100880 - Disclosure - Goodwill - Additional Information (Detail)
- R90.htmIntangible Assets - Intangible Assets (Detail)
100890 - Disclosure - Intangible Assets - Intangible Assets (Detail)
- R91.htmIntangible Assets - Finite-lived Intangible Assets (Detail)
100900 - Disclosure - Intangible Assets - Finite-lived Intangible Assets (Detail)
- R92.htmIntangible Assets - Indefinite-lived Intangible Assets (Detail)
100910 - Disclosure - Intangible Assets - Indefinite-lived Intangible Assets (Detail)
- R93.htmIntangible Assets - Additional Information (Detail)
100920 - Disclosure - Intangible Assets - Additional Information (Detail)
- R94.htmIntangible Assets - Estimated Amortization Expense for Finite-Lived Intangible Assets (Detail)
100930 - Disclosure - Intangible Assets - Estimated Amortization Expense for Finite-Lived Intangible Assets (Detail)
- R95.htmLeases - Components of Lease Cost (Detail)
100940 - Disclosure - Leases - Components of Lease Cost (Detail)
- R96.htmLeases - Components of Lease Cost (Parenthetical) (Detail)
100950 - Disclosure - Leases - Components of Lease Cost (Parenthetical) (Detail)
- R97.htmLeases - Schedule of Operating Leases Included on Consolidated Statement of Financial Condition (Detail)
100960 - Disclosure - Leases - Schedule of Operating Leases Included on Consolidated Statement of Financial Condition (Detail)
- R98.htmLeases - Schedule of Supplemental Information Related to Operating Leases (Detail)
100970 - Disclosure - Leases - Schedule of Supplemental Information Related to Operating Leases (Detail)
- R99.htmLeases - Schedule of Maturity of Operating Lease Liabilities (Details)
100980 - Disclosure - Leases - Schedule of Maturity of Operating Lease Liabilities (Details)
- R100.htmLeases - Schedule of Maturity of Operating Lease Liabilities (Parenthetical) (Details)
101000 - Disclosure - Leases - Schedule of Maturity of Operating Lease Liabilities (Parenthetical) (Details)
- R101.htmLeases - Additional Information (Detail)
101010 - Disclosure - Leases - Additional Information (Detail)
- R102.htmOther Assets - Additional Information (Detail)
101020 - Disclosure - Other Assets - Additional Information (Detail)
- R103.htmBorrowings - Additional Information (Detail)
101030 - Disclosure - Borrowings - Additional Information (Detail)
- R104.htmBorrowings - Carrying Value and Fair Value of Long-Term Borrowings Determined Market Prices EUR/USD Foreign Exchange Rate (Detail)
101040 - Disclosure - Borrowings - Carrying Value and Fair Value of Long-Term Borrowings Determined Market Prices EUR/USD Foreign Exchange Rate (Detail)
- R105.htmCommitments and Contingencies - Additional Information (Detail)
101050 - Disclosure - Commitments and Contingencies - Additional Information (Detail)
- R106.htmRevenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue (Collectively "Base Fees") by Type (Detail)
101060 - Disclosure - Revenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue (Collectively "Base Fees") by Type (Detail)
- R107.htmRevenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue by Client Type and Investment Style (Detail)
101070 - Disclosure - Revenue - Summary of Investment Advisory, Administration Fees and Securities Lending Revenue by Client Type and Investment Style (Detail)
- R108.htmRevenue - Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail)
101080 - Disclosure - Revenue - Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail)
- R109.htmRevenue - Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail 1)
101090 - Disclosure - Revenue - Schedule of Estimated Investment Advisory, Administration Fees Expected to be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail 1)
- R110.htmRevenue - Schedule of Changes in Deferred Carried Interest Liability (Detail)
101100 - Disclosure - Revenue - Schedule of Changes in Deferred Carried Interest Liability (Detail)
- R111.htmRevenue - Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail)
101110 - Disclosure - Revenue - Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail)
- R112.htmRevenue - Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail 1)
101120 - Disclosure - Revenue - Schedule of Estimated Technology Services Revenue Expected to Be Recognized in Future, Related to Unsatisfied Portion of Performance Obligations (Detail 1)
- R113.htmRevenue - Additional Information (Detail)
101130 - Disclosure - Revenue - Additional Information (Detail)
- R114.htmRevenue - Schedule of Changes in Technology Services Deferred Revenue Liability (Detail)
101140 - Disclosure - Revenue - Schedule of Changes in Technology Services Deferred Revenue Liability (Detail)
- R115.htmStock-Based Compensation - Components of Stock-Based Compensation Expense (Detail)
101150 - Disclosure - Stock-Based Compensation - Components of Stock-Based Compensation Expense (Detail)
- R116.htmStock-Based Compensation - Additional Information (Detail)
101160 - Disclosure - Stock-Based Compensation - Additional Information (Detail)
- R117.htmStock-Based Compensation - Restricted Stock and RSU Activity (Detail)
101170 - Disclosure - Stock-Based Compensation - Restricted Stock and RSU Activity (Detail)
- R118.htmStock-Based Compensation - Summary of RSUs/Restricted Stock Granted in Connection with Annual Incentive Compensation under Award Plan (Detail)
101180 - Disclosure - Stock-Based Compensation - Summary of RSUs/Restricted Stock Granted in Connection with Annual Incentive Compensation under Award Plan (Detail)
- R119.htmStock-Based Compensation - Summary of RSUs/Restricted Stock Granted in Connection with Annual Incentive Compensation under Award Plan (Parenthetical) (Detail)
101190 - Disclosure - Stock-Based Compensation - Summary of RSUs/Restricted Stock Granted in Connection with Annual Incentive Compensation under Award Plan (Parenthetical) (Detail)
- R120.htmStock-Based Compensation - Stock Option Activity (Detail)
101200 - Disclosure - Stock-Based Compensation - Stock Option Activity (Detail)
- R121.htmStock-Based Compensation - Schedule of Fair Value of Market Performance-Based Award at Grant Date (Detail)
101210 - Disclosure - Stock-Based Compensation - Schedule of Fair Value of Market Performance-Based Award at Grant Date (Detail)
- R122.htmEmployee Benefit Plans - Additional Information (Detail)
101220 - Disclosure - Employee Benefit Plans - Additional Information (Detail)
- R123.htmRelated Party Transactions - Revenue for Services Provided to Related Parties (Detail)
101230 - Disclosure - Related Party Transactions - Revenue for Services Provided to Related Parties (Detail)
- R124.htmRelated Party Transactions - Additional Information (Detail)
101240 - Disclosure - Related Party Transactions - Additional Information (Detail)
- R125.htmNet Capital Requirements - Summary of Capital Adequacy Requirements (Detail)
101250 - Disclosure - Net Capital Requirements - Summary of Capital Adequacy Requirements (Detail)
- R126.htmNet Capital Requirements - Additional Information (Detail)
101260 - Disclosure - Net Capital Requirements - Additional Information (Detail)
- R127.htmAccumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail)
101270 - Disclosure - Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail)
- R128.htmAccumulated Other Comprehensive Income (Loss) - Changes in AOCI (Parenthetical) (Detail)
101280 - Disclosure - Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Parenthetical) (Detail)
- R129.htmCapital Stock - Additional Information (Detail)
101290 - Disclosure - Capital Stock - Additional Information (Detail)
- R130.htmCapital Stock - Common and Preferred Stock Authorized (Detail)
101300 - Disclosure - Capital Stock - Common and Preferred Stock Authorized (Detail)
- R131.htmCapital Stock - Common and Preferred Shares Issued and Outstanding and Related Activity (Detail)
101310 - Disclosure - Capital Stock - Common and Preferred Shares Issued and Outstanding and Related Activity (Detail)
- R132.htmRestructuring Charge - Additional Information (Detail)
101320 - Disclosure - Restructuring Charge - Additional Information (Detail)
- R133.htmRestructuring Charge - Rollforward of Restructuring Liability (Detail)
101330 - Disclosure - Restructuring Charge - Rollforward of Restructuring Liability (Detail)
- R134.htmIncome Taxes - Additional Information (Detail)
101340 - Disclosure - Income Taxes - Additional Information (Detail)
- R135.htmIncome Taxes - Components of Income Tax Expense (Detail)
101350 - Disclosure - Income Taxes - Components of Income Tax Expense (Detail)
- R136.htmIncome Taxes - Components of Income before Taxes, Less Net Income (Loss) Attributable to Noncontrolling Interests (Detail)
101360 - Disclosure - Income Taxes - Components of Income before Taxes, Less Net Income (Loss) Attributable to Noncontrolling Interests (Detail)
- R137.htmIncome Taxes - Reconciliation of Income Tax Expense with Expected Federal Income Tax Expense (Detail)
101370 - Disclosure - Income Taxes - Reconciliation of Income Tax Expense with Expected Federal Income Tax Expense (Detail)
- R138.htmIncome Taxes - Components of Deferred Income Tax Assets and Liabilities (Detail)
101380 - Disclosure - Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Detail)
- R139.htmIncome Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Detail)
101390 - Disclosure - Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Detail)
- R140.htmEarnings Per Share - Computation of Basic and Diluted EPS under Treasury Stock Method (Detail)
101400 - Disclosure - Earnings Per Share - Computation of Basic and Diluted EPS under Treasury Stock Method (Detail)
- R141.htmSegment Information - Additional Information (Detail)
101410 - Disclosure - Segment Information - Additional Information (Detail)
- R142.htmSegment Information - Total Revenue by Geographic Region (Detail)
101420 - Disclosure - Segment Information - Total Revenue by Geographic Region (Detail)
- R143.htmSegment Information - Schedule of Long-Lived Assets by Geographic Region (Detail)
101430 - Disclosure - Segment Information - Schedule of Long-Lived Assets by Geographic Region (Detail)
- R144.htmSubsequent Events - Additional Information (Detail)
101440 - Disclosure - Subsequent Events - Additional Information (Detail)