For the quarter ending 2025-09-30, BLK had $506M increase in cash & cash equivalents over the period. $1,336M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 1,527 | 1,665 | 1,515 | 1,661 |
| Depreciation and amortization | 346 | 217 | 194 | 200 |
| Impairment of intangible assets | 0 | - | - | 0 |
| Noncash lease expense | 35 | 35 | 34 | 33 |
| Stock-based compensation | 419 | 226 | 241 | 242 |
| Deferred income tax expense (benefit) | -160 | -93 | 15 | -11 |
| Contingent consideration fair value adjustments | -93 | -76 | -96 | 36 |
| Other investment (gains) | -73 | 397 | 36 | -2 |
| Net (gains) losses within cips | 236 | 170 | 13 | -56 |
| Net (purchases) proceeds within cips | -1,360 | -886 | -1,098 | -396 |
| (earnings) losses from equity method investees | -45 | 42 | 51 | -78 |
| Distributions of earnings from equity method investees | 8 | 133 | 14 | 16 |
| Accounts receivable | 379 | 9 | -123 | 33 |
| Investments, trading | -61 | -66 | -12 | -92 |
| Other assets | 186 | -974 | 3,454 | -878 |
| Accrued compensation and benefits | 795 | 608 | -1,794 | 664 |
| Accounts payable and accrued liabilities | -203 | 98 | 84 | 34 |
| Other liabilities | 536 | -1,137 | 2,990 | -862 |
| Net cash provided by/(used in) operating activities | 1,414 | 1,364 | -1,128 | 2,618 |
| Purchases of investments | 710 | 136 | 298 | 232 |
| Proceeds from sales and maturities of investments | 237 | 79 | 151 | 120 |
| Distributions of capital from equity method investees | 35 | 249 | 13 | 22 |
| Net consolidations (deconsolidations) of sponsored investment funds | 17 | 67 | 1 | 29 |
| Acquisitions, net of cash acquired | 390 | -17 | 3,123 | 2,862 |
| Purchases of property and equipment | 78 | 89 | 78 | 90 |
| Net cash provided by/(used in) investing activities | -923 | 53 | -3,336 | -3,071 |
| Repayments of long-term borrowings | 0 | 796 | 0 | 0 |
| Proceeds from long-term borrowings | 0 | 1,080 | 0 | 0 |
| Cash dividends paid | - | 808 | 838 | 791 |
| Dividends/subco distributions paid | 2,497 | - | - | - |
| Proceeds from stock options exercised | 55 | 47 | 51 | 217 |
| Repurchases of common stock | - | 396 | 657 | 386 |
| Shares/subco units repurchased | 1,437 | - | - | - |
| Net proceeds from (repayments of) borrowings by cips | -15 | -5 | -24 | -33 |
| Net subscriptions received/(redemptions/distributions paid) from noncontrolling interest holders | 1,284 | 905 | 811 | 414 |
| Other financing activities | 7 | -1 | -4 | 1 |
| Net cash provided by/(used in) financing activities | 96 | 26 | -661 | -578 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -81 | 288 | 110 | -244 |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 506 | 1,731 | -5,015 | -1,275 |
| Cash and cash equivalents at beginning of period | 9,495 | 7,764 | 12,779 | 14,054 |
| Cash and cash equivalents at end of period | 10,001 | 9,495 | 7,764 | 12,779 |
BlackRock, Inc. (BLK)
BlackRock, Inc. (BLK)