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BlackRock: Earnings Release Dated October 14, 2015 Issued By The Company

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Tom Wojcik, Investor Relations

Brian Beades, Media Relations

212.810.8127

212.810.5596

BlackRock Reports Third Quarter 2015 Diluted EPS of $5.00 on a GAAP and As Adjusted Basis

$50.0 billion of total net inflows for the third quarter of 2015, including $35.0 billion of long-term net inflows

Positive flows across investment styles and client types demonstrate diversification of platform

Increased revenue and operating income and stable operating margin relative to the third q uarter of 2014, despite negative market performance

Diluted EPS decreased 7% (4% as adjusted) from the third quarter of 2014, reflecting a lower effective tax rate in last years third quarter

Consistent capital management with $275 million of quarterly share repurchases

FINANCIAL RESULTS

(in millions, except per share data)

Change

Nine Months Ended September 30,

4,505,721

4,524,575

4,721,294

GAAP basis:

Revenue

Operating income

Operating margin

140 bps

(60 bps

120 bps

Net income

Weighted average diluted shares

As Adjusted:

(30 bps

(100 bps

70 bps

(1) (2)

Net income represents net income attributable to BlackRock, Inc.

See notes (1) through (4) to the Condensed Consolidated Statements of Income and Supplemental Information on pages 13 through 15 for more information on as adjusted items and the reconciliation to GAAP.

New York, October 14, 2015

BlackRock, Inc. (NYSE:BLK) today reported financial results for the three and nine months ended September 30, 2015.

BlackRocks third quarter 2015 results, including year-over-year growth in revenue and operating income, demonstrate the resilience of our global, diversified investment platform, commented Laurence D. Fink, Chairman and CEO of BlackRock. Clients seeking long-term investment solutions, strong risk management and durable alpha generation turned to BlackRock amidst challenging market conditions, driving total net inflows of $50 billion. Long-term net inflows of $35 billion reflected positive flows across investment styles and client types.

Our global retail business raised $7 billion of net inflows, as BlackRocks strategy to expand our distribution footprint and enhance performance enabled growth in the quarter. BlackRock saw US retail net inflows of $2 billion despite industry headwinds in the quarter, and maintained its leading market share of total year-to-date international cross-border flows.

Investors continued to look to

iShares

as an effective way to express market views and enhance portfolio construction.

, with $23 billion of net inflows, once again captured the #1 market share of net new business globally, as well as in both the US and Europe. Fixed income

had $18 billion of net inflows as fixed income ETFs were increasingly used by clients as efficient tools for diversification and liquidity.

Institutional clients are seeking uncorrelated returns in the current investment environment, and institutional net inflows of $5 billion included broad based alternatives flows across infrastructure, real estate, fund of fund and alternative solutions offerings. Fundraising momentum also continued, with an additional $1 billion of illiquid alternative commitments raised in the third quarter.

BlackRocks commitment to consistent alpha generation across our entire investment platform is anchored in a team-based investment approach, global connectivity via

Aladdin

and knowledge-sharing through the BlackRock Investment Institute. Scientific active equity and taxable fixed income demonstrated sustained long-term performance, with 97% and 90% of AUM above benchmark or peer median for the three-year period. Fundamental active equity performance continued to improve, with 80% of assets above benchmark or peer median for the one-year period.

I want to thank BlackRock employees for their ongoing commitment to our clients and our shareholders. We are more confident than ever before that our unique and differentiated business model is positioned for continued growth in the current environment.

RESULTS BY CLIENT TYPE

(in millions), (unaudited)

Q3 2015

Net flows

September 30, 2015

Base Fees

% of Total

% of Total

Retail

535,208

23,301

1,010,493

Institutional:

Active

959,354

1,702,739

Total institutional

2,662,093

Total long-term

35,011

4,207,794

RESULTS BY PRODUCT TYPE

Equity

2,273,237

27,652

1,445,637

Multi-asset

375,001

Alternatives

113,919

Base fees include investment advisory, administration fees and securities lending revenue.

Long-Term Business Highlights

Long-term net inflows of $25.5 billion and $17.0 billion in the Americas and EMEA, respectively, were partially offset by net outflows of $7.5 billion from clients in the Asia-Pacific region. At September 30, 2015, BlackRock managed 62% of its long-term AUM for investors in the Americas and 38% for clients in EMEA and Asia-Pacific.

A discussion of the Companys net flows by client type for the third quarter of 2015 is presented below.

Retail

long-term net inflows of $6.6 billion included net inflows of $1.8 billion in the United States and $4.8 billion internationally. Net inflows were led by fixed income inflows of $4.6 billion, which included $2.4 billion of net inflows into unconstrained strategies. Equity inflows were paced by flows into international exposures, while alternatives net inflows were driven by flows into European hedge funds.

long-term net inflows of $23.3 billion included fixed income net inflows of $18.2 billion, which reflected strong flows into U.S. Treasuries. Equity net inflows of $5.3 billion were driven by flows into European-listed

and reflected demand for developed market exposures.

Institutional active

long-term net inflows of $5.9 billion were led by fixed income net inflows of $4.1 billion, which were diversified across exposures. Alternatives net inflows of $1.6 billion were broad based, including fundings into infrastructure, real estate, fund of fund and alternative solutions offerings. In the third quarter of 2015, BlackRock raised an additional $1 billion in commitments, bringing total unfunded commitments to $11 billion.

Institutional index

long-term net outflows of $0.7 billion were due to equity net outflows of $1.8 billion, linked to clients asset allocation, re-balancing and cash needs.

Cash management AUM

increased 5% in the third quarter to $285.7 billion.

Advisory AUM

ended the third quarter at $12.2 billion.

INVESTMENT PERFORMANCE AT SEPTEMBER 30, 2015

One-year period

Three-year period

Five-year period

Fixed Income:

Actively managed products above benchmark or peer median

Taxable

Tax-exempt

Index products within or above applicable tolerance

Equity:

Past performance is not indicative of future results. The performance information shown is based on preliminary available data. Please refer to page 16 for performance disclosure detail.

Teleconference, Webcast and Presentation Information

Chairman and Chief Executive Officer, Laurence D. Fink, and Chief Financial Officer, Gary S. Shedlin, will host a teleconference call for investors and analysts on Wednesday, October 14, 2015 at 8:30 a.m. (Eastern Time). Members of the public who are interested in participating in the teleconference should dial, from the United States, (800) 374-0176, or from outside the United States, (706) 679-8281, shortly before 8:30 a.m. and reference the BlackRock Conference Call (ID Number 51310213). A live, listen-only webcast will also be available via the investor relations section of

www.blackrock.com

Both the teleconference and webcast will be available for replay by 12:30 p.m. (Eastern Time) on Wednesday, October 14, 2015 and ending at midnight on Wednesday, October 28, 2015. To access the replay of the teleconference, callers from the United States should dial (855) 859-2056 and callers from outside the United States should dial (404) 537-3406 and enter the Conference ID Number 51310213. To access the webcast, please visit the investor relations section of

About BlackRock

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At September 30, 2015, BlackRocks AUM was $4.506 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds,

(exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through

BlackRock Solutions

. As of September 30, 2015, the firm had approximately 12,900 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Companys website at

| Twitter:

@blackrock_news

| Blog:

www.blackrockblog.com

| LinkedIn:

www.linkedin.com/company/blackrock

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND SUPPLEMENTAL INFORMATION

(in millions, except shares and per share data), (unaudited)

Three Months Ended

Three Months

June 30,

Investment advisory, administration fees and securities lending revenue

Investment advisory performance fees

Distribution fees

Other revenue

Total revenue

Expense

Employee compensation and benefits

Distribution and servicing costs

Amortization of deferred sales commissions

Direct fund expense

General and administration

Amortization of intangible assets

Total expense

Nonoperating income (expense)

Net gain (loss) on investments

Net gain (loss) on consolidated variable interest entities

Interest and dividend income

Interest expense

Total nonoperating income (expense)

Income before income taxes

Income tax expense

Net income (loss) attributable to noncontrolling interests

Net income attributable to BlackRock, Inc.

Weighted-average common shares outstanding

166,045,291

167,933,040

(1,887,749

166,616,558

(571,267

168,665,303

170,778,766

(2,113,463

169,114,759

(449,456

Earnings per share attributable to BlackRock, Inc. common stockholders (4)

Cash dividends declared and paid per share

Supplemental information:

AUM (end of period)

18,854

215,573

Shares outstanding (end of period)

166,057,085

167,610,257

(1,553,172

166,379,267

(322,182

140 bps

(60 bps

Effective tax rate

860 bps

(240 bps

As adjusted:

Operating income (1)

Operating margin (1)

(30 bps

(100 bps

Nonoperating income (expense), less net income (loss) attributable to noncontrolling interests (2)

Net income attributable to BlackRock, Inc. (3)

Diluted earnings attributable to BlackRock, Inc. common stockholders per share (3) (4)

310 bps

(80 bps

See pages 13 -15 for the reconciliation to GAAP and notes (1) through (4) for more information on as adjusted items.

Nine Months Ended

166,579,805

168,571,354

(1,991,549

169,157,188

171,351,276

(2,194,088

120 bps

250 bps

70 bps

90 bps

ASSETS UNDER MANAGEMENT

(in millions), (unaudited)

Current Quarter Component Changes by Client Type and Product

(outflows)

Market change

FX impact

Average...


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