BlackRock, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 12, 2018 at 06:00 am EST
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BlackRock, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's total revenue was $3,469 million compared to $2,890 million a year ago. Operating income was $1,489 million compared to $1,225 million a year ago. Income before income taxes was $1,490 million compared to $1,187 million a year ago. Net income attributable to the company was $2,304 million or $14.07 per diluted share compared to $851 million or $5.13 per diluted share million a year ago. Adjusted operating income was $1,492 million compared to $1,232 million a year ago. Adjusted net income attributable to the company was $1,022 million or $6.24 per diluted share compared to $852 million or $5.14 per diluted share a year ago.
For the year, the company's total revenue was $12,491 million compared to $11,155 million a year ago. Operating income was $5,272 million compared to $4,570 million a year ago. Income before income taxes was $5,277 million compared to $4,460 million a year ago. Net income attributable to the company was $4,970 million or $30.23 per diluted share compared to $3,172 million or $19.04 per diluted share million a year ago. Adjusted operating income was $5,287 million compared to $4,674 million a year ago. Adjusted net income attributable to the company was $3,716 million or $22.60 per diluted share compared to $3,214 million or $19.29 per diluted share a year ago.
BlackRock, Inc. is one of the world's largest asset managers.
At the end of 2023, the group had USD 10,009 billion of assets under management broken down by type of assets into shares (52.9%), fixed income securities (28%), multi-asset investments (8.7%), alternative funds (2.8%) and other (7.6%).
Net sales are distributed geographically as follows: Americas (66.6%), Europe (29.2%) and Asia/Pacific (4.2%).