BlackRock Financial Performance from Time to Time
BlackRock Financial Performance from Time to Time–According
to BlackRock Annual Report from 2010 to 2023. BlackRock Inc is one of
the leading investment management firms in the United States of America (USA)
and The World. Historically, this company was founded by Robert S. Kapito,
Larry Fink, and Susan Wagner in 1988. At this time, Larry Fink still becomes
The Chairman and CEO, Meanwhile Robert Kapito becomes the President of
BlackRock. But, Susan Wagner, the other co-founder of BlackRock, retired from
this company in 2012.
Until December 31, 2023, this company managed $10 trillion of assets under management (AUM). It’s one of the biggest Assets Under Management managed by the company. Based on the employee, the company employs more than 19,000 people in more than 42 countries and has some service areas in 135 countries across the globe. Product offerings include single- and multi-asset portfolios investing in equities, fixed income, multi-asset, alternatives, and some other products.
BlackRock also has technology services, including the investment/ risk management technology platform, namely Aladdin, eFront, Cachematrix, and FutureAdvisor. Furthermore, this company also gives services and solutions to a broad base of institutional and wealth management clients.
Table of Assets Under Management (AUM) of BlackRock from Time to Time
|
Years |
Total |
||
|
Assets Under Management (AUM) |
|||
|
Million US Dollar |
|||
|
2010 |
3,560,968 |
||
|
2011 |
3,512,681 |
||
|
2012 |
3,791,588 |
||
|
2013 |
4,324,088 |
||
|
2014 |
4,651,890 |
||
|
2015 |
4,645,412 |
||
|
2016 |
5,147,852 |
||
|
2017 |
6,288,195 |
||
|
2018 |
5,975,818 |
||
|
2019 |
7,429,633 |
||
|
2020 |
8,676,680 |
||
|
2021 |
10,010,143 |
||
|
2022 |
8,594,485 |
||
|
2023 |
10,008,995 |
||
|
Source : BlackRock Annual Report,
2010-2023 |
|||
Under the Guidance of Laurence Fink or commonly known as
Larry Fink, this company has relatively grown from time to time. This can be
looked at the Assets Under Management of the company from 2010 to 2023.
In 2010, the Assets Under Management (AUM) of the company was just 3,560
billion US Dollars, and It becomes 10,008 billion US Dollar in 2023. Overall,
it becomes more than doubled in the decade.
Historically, Laurence Douglas Fink was born on November 2,
1952. He is an alumnus of the University of California, Los Angeles. After his
challenging career in The First Boston Corporation, he formed The BlackRock
with Susan Wagner and Robert Kapito. Basically, Larry Fink still becomes the
Chairman and CEO of BlackRock. He still leads and makes the company as
the world’s biggest investment management firm.
Table of Assets, Liabilities, and Equities of BlackRock
|
Years |
Revenue |
Net Income |
|
in US Dollars |
in US Dollars |
|
|
2010 |
8.6 billion |
2.0 billion |
|
2011 |
9 billion |
2.3 billion |
|
2012 |
9.3 billion |
2.4 billion |
|
2013 |
10.1 billion |
2.9 billion |
|
2014 |
11.0 billion |
3.2 billion |
|
2015 |
11.4 billion |
3.3 billion |
|
2016 |
12.2 billion |
3.2 billion |
|
2017 |
13.6 billion |
3.6 billion |
|
2018 |
14.1 billion |
4.3 billion |
|
2019 |
14.5 billion |
4.2 billion |
|
2020 |
16.2 billion |
5.2 billion |
|
2021 |
19.3 billion |
6.2 billion |
|
2022 |
17.8 billion |
4.9 billion |
|
2023 |
17.8 billion |
5.6 billion |
|
Source: BlackRock Annual Report,
2010-2023 |
||
Based on the financial conditions of the company, in the
Balance Sheet, the assets and Liabilities still perform stable conditions. In
2010, the assets of the company are around 178 billion US Dollars. Meanwhile,
in 2023, the assets around 17.8 billion US Dollars. The highest value of Assets
of the company in 2014 was about 239 billion US Dollars. In the liability
indicator, the value of liabilities from time to time showed the decline
trends. In 2010, the liabilities of the company reached 152 billion US Dollars,
and it decrease to 78 billion US Dollars in 2022.
Table of Revenue and Net Income of BlackRock Financial Performance from Time to Time
|
Years |
Assets |
Liabilities |
Equities |
|
in US Dollars |
in US Dollars |
in US Dollars |
|
|
2010 |
178 billion |
152 billion |
26 billion |
|
2011 |
179 billion |
154 billion |
25 billion |
|
2012 |
200 billion |
174 billion |
25 billion |
|
2013 |
219 billion |
193 billion |
26 billion |
|
2014 |
239 billion |
212 billion |
27 billion |
|
2015 |
225 billion |
196 billion |
28 billion |
|
2016 |
220 billlion |
190 billion |
29 billion |
|
2017 |
220 billion |
187 billion |
31 billion |
|
2018 |
159 billion |
126 billion |
32 billion |
|
2019 |
168 billion |
133 billion |
33 billion |
|
2020 |
176 billion |
139 billion |
35 billion |
|
2021 |
152 billion |
113 billion |
38.7 billion |
|
2022 |
117 billion |
78 billion |
38.7 billion |
|
2023 |
123 billion |
81.9 billion |
39.5 billion |
|
Source: BlackRock Annual Report,
2010-2023 |
|||
Based on the Income Statement of the company from time to
time, the company showed an uptrend in the one decade. In 2010, the revenue of
the company reached 8.6 billion US Dollars and in 2023, it becomes 17.8 billion
US Dollars. Based on the Net Income, the company is also in the positive
trends. They always generated the net income from 2010 to 2023. In 2010, the
company’s net income was just 2 billion US Dollars and in 2023, the company’s
net income become 5.6 billion US dollars. Basically, it grows more than 2 times
after 12 years.
Bibliography of BlackRock
Financial Performance from Time to Time
BlackRock. 2024. Annual Report. Accessed via
https://ir.blackrock.com/financials/annual-reports-and-proxy/default.aspx on
March 14th, 2024.
BlackRock. 2024. About US. Accessed via https://www.blackrock.com/corporate on
March 14th, 2022.
Wikipedia. 2022. BlackRock. Accessed via https://en.wikipedia.org/wiki/BlackRock on
March 14th, 2022.
Wikipedia. 2022. Larry Fink. Accessed via https://en.wikipedia.org/wiki/Larry_Fink on
March 14th, 2022