BlackRock Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Financial Condition
| September 30, | December 31, | |
|---|---|---|
| (in millions, except shares and per share data) | 2024 | 2023 |
| Assets | ||
| Cash and cash equivalents(1) | $14,037 | $8,736 |
| Accounts receivable | 4,385 | 3,916 |
| Investments(1) | 10,539 | 9,740 |
| Separate account assets | 56,689 | 56,098 |
| Separate account collateral held under securities lending agreements | 6,355 | 4,558 |
| Property and equipment (net of accumulated depreciation and amortization of $1,635 and $1,439 at September 30, 2024 and December 31, 2023, respectively) | 1,080 | 1,112 |
| Intangible assets (net of accumulated amortization of $659 and $618 at September 30, 2024 and December 31, 2023, respectively) | 18,134 | 18,258 |
| Goodwill | 15,665 | 15,524 |
| Operating lease right-of-use assets | 1,434 | 1,421 |
| Other assets(1) | 4,498 | 3,848 |
| Total assets | $132,816 | $123,211 |
| Liabilities | ||
| Accrued compensation and benefits | $2,074 | $2,393 |
| Accounts payable and accrued liabilities | 1,449 | 1,240 |
| Borrowings | 12,370 | 7,918 |
| Separate account liabilities | 56,689 | 56,098 |
| Separate account collateral liabilities under securities lending agreements | 6,355 | 4,558 |
| Deferred income tax liabilities | 3,385 | 3,506 |
| Operating lease liabilities | 1,809 | 1,784 |
| Other liabilities(1) | 5,061 | 4,474 |
| Total liabilities | 89,192 | 81,971 |
| Commitments and contingencies (Note 14) | ||
| Temporary equity | ||
| Redeemable noncontrolling interests | 2,274 | 1,740 |
| Permanent equity | ||
| BlackRock, Inc. stockholders’ equity | ||
| Common stock, $0.01 par value; | 2 | 2 |
| Shares authorized: 500,000,000 at September 30, 2024 and December 31, 2023; Shares issued: 172,075,373 at September 30, 2024 and December 31, 2023; Shares outstanding: 147,953,572 and 148,500,074 at September 30, 2024 and December 31, 2023, respectively | ||
| Additional paid-in capital | 19,905 | 19,833 |
| Retained earnings | 34,732 | 32,343 |
| Accumulated other comprehensive loss | (632) | (840) |
| Treasury stock, common, at cost (24,121,801 and 23,575,299 shares held at September 30, 2024 and December 31, 2023, respectively) | (12,829) | (11,991) |
| Total BlackRock, Inc. stockholders’ equity | 41,178 | 39,347 |
| Nonredeemable noncontrolling interests | 172 | 153 |
| Total permanent equity | 41,350 | 39,500 |
| Total liabilities, temporary equity and permanent equity | $132,816 | $123,211 |
(1)
At September 30, 2024, cash and cash equivalents, investments, other assets and other liabilities include$140 million,$5.8 billion,$82 million, and$2.2 billion, respectively, related to consolidated variable interest entities (“VIEs”). At December 31, 2023, cash and cash equivalents, investments, other assets and other liabilities include$234 million,$5.0 billion,$83 million, and$2.2 billion, respectively, related to consolidated VIEs.
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