BlackRock (BLK) FY2021 results: revenue $19.4 billion, up 19.6% on the year
BlackRock, Inc. (BLK) reported revenue of $19.4 billion for fiscal 2021, the year ended 31 December 2021, up 19.6% on the year before. Net income was $5.9 billion, up 19.6%, and diluted earnings per share $38.22. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$19.4 billion
+19.6% on the year
FY2016FY2021
Operating margin
38.5%
35.1% a year earlier
FY2016FY2021
Net income
$5.9 billion
+19.6% on the year
FY2016FY2021
Diluted EPS
$38.22
+20.0% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,944
3,743
2,884
+32.1%
Capital expenditure
341
194
254
+75.8%
Free cash flow
4,603
3,549
2,630
+29.7%
Free cash flow margin
23.8%
21.9%
18.1%
Cash from investing
-1,937
-254
-2,014
Cash from financing
-2,287
244
-2,583
Depreciation and amortisation
249
232
182
+7.3%
Share-based compensation
734
622
567
+18.0%
Buybacks
1,485
1,809
1,911
-17.9%
Dividends paid
2,547
2,260
2,096
+12.7%
Diluted shares, weighted
154m
155m
157m
-0.3%
Shares outstanding at period end
152m
153m
154m
-0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
37,693
35,283
33,547
+6.8%
Non-controlling interest
113
51.0
66.0
+121.6%
Redeemable equity
1,087
2,322
1,316
-53.2%
Debt
7,446
7,264
4,955
+2.5%
Other liabilities
106,309
132,062
128,738
-19.5%
Total liabilities and equity
152,648
176,982
168,622
-13.7%
Fixed assets
762
681
715
+11.9%
Goodwill
15,351
14,551
14,562
+5.5%
Intangible assets
18,453
18,263
18,369
+1.0%
Securities held for sale or to maturity
430
310
249
+38.7%
Cash and equivalents
9,323
8,664
4,829
+7.6%
Other assets
108,329
134,513
129,898
-19.5%
Total assets
152,648
176,982
168,622
-13.7%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.