BlackRock (BLK) FY2022 results: revenue $17.9 billion, down 7.7% on the year
BlackRock, Inc. (BLK) reported revenue of $17.9 billion for fiscal 2022, the year ended 31 December 2022, down 7.7% on the year before. Net income was $5.2 billion, down 12.3%, and diluted earnings per share $33.97. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$17.9 billion
-7.7% on the year
FY2016FY2022
Operating margin
35.7%
38.5% a year earlier
FY2016FY2022
Net income
$5.2 billion
-12.3% on the year
FY2016FY2022
Diluted EPS
$33.97
-11.1% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,956
4,944
3,743
+0.2%
Capital expenditure
533
341
194
+56.3%
Free cash flow
4,423
4,603
3,549
-3.9%
Free cash flow margin
24.7%
23.8%
21.9%
Cash from investing
-1,130
-1,937
-254
Cash from financing
-5,442
-2,287
244
Depreciation and amortisation
251
249
232
+0.8%
Share-based compensation
708
734
622
-3.5%
Buybacks
2,332
1,485
1,809
+57.0%
Dividends paid
2,990
2,547
2,260
+17.4%
Dividend per share
$19.52
n/a
n/a
Diluted shares, weighted
152m
154m
155m
-1.3%
Shares outstanding at period end
150m
152m
153m
-1.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
37,744
37,693
35,283
+0.1%
Non-controlling interest
132
113
51.0
+16.8%
Redeemable equity
909
1,087
2,322
-16.4%
Debt
6,654
7,446
7,264
-10.6%
Other liabilities
72,189
106,309
132,062
-32.1%
Total liabilities and equity
117,628
152,648
176,982
-22.9%
Fixed assets
1,031
762
681
+35.3%
Goodwill
15,341
15,351
14,551
-0.1%
Intangible assets
18,302
18,453
18,263
-0.8%
Securities held for sale or to maturity
544
430
310
+26.5%
Cash and equivalents
7,416
9,323
8,664
-20.5%
Other assets
74,994
108,329
134,513
-30.8%
Total assets
117,628
152,648
176,982
-22.9%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.