Blackrock, Inc. · NYSE:BLK

Blackrock — Investor Presentation (March 2022)

8 slides from Blackrock's investor presentation, Mar 31, 2022

  1. Slide 1: Recast of 2020 and 2021 as adjusted operating income, operating margin, net income and EPS

    March 31, 2022 Recast of 2020 and 2021 as adjusted operating income, operating margin, net income attributable to BlackRock, Inc. and earnings per share

  2. Slide 2: BlackRock update to its non-GAAP definitions

    BlackRock update to its non-GAAP definitions Beginning in the first quarter of 2022, BlackRock, Inc. (the “Company”) updated its definitions of operating income, as adjusted, operating margin, as adjusted, and net income attributable to BlackRock, Inc., as adjusted, to include adjustments related to

  3. Slide 3: Reconciliation of 2021 U.S. GAAP operating income and operating margin to as adjusted

    Reconciliation of 2021 U.S. GAAP operating income and operating margin to operating income and operating margin, as adjusted Year Ended December 31, 2021 Three Months Ended Year Ended March 31 June 30 September 30 December 31 December 31 Recast Recast Recast Recast Recast for Updated for Updated for

  4. Slide 4: Reconciliation of 2021 U.S. GAAP net income attributable to BlackRock and earnings per share

    Reconciliation of 2021 U.S. GAAP net income attributable to BlackRock, Inc. and earnings per share to net income attributable to BlackRock, Inc. and earnings per share, as adjusted Year Ended December 31, 2021 Three Months Ended Year Ended March 31 June 30 September 30 December 31 December 31 Recast

  5. Slide 5: Reconciliation of 2020 U.S. GAAP operating income and operating margin to as adjusted

    Reconciliation of 2020 U.S. GAAP operating income and operating margin to operating income and operating margin, as adjusted Year Ended December 31, 2020 Three Months Ended Year Ended March 31 June 30 September 30 December 31 December 31 Recast Recast Recast Recast Recast for Updated for Updated for

  6. Slide 6: Reconciliation of 2020 U.S. GAAP net income attributable to BlackRock and earnings per share

    Reconciliation of 2020 U.S. GAAP net income attributable to BlackRock, Inc. and earnings per share to net income attributable to BlackRock, Inc. and earnings per share, as adjusted Year Ended December 31, 2020 Three Months Ended Year ended March 31 June 30 September 30 December 31 December 31 Recast

  7. Slide 7: Notes and supplemental information

    Notes and supplemental information BlackRock reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP”); however, management believes evaluating the Company’s ongoing operating results may be enhanced if investors have additional non-GAAP

  8. Slide 8: Notes and supplemental information (cont’d)

    Notes and supplemental information (cont’d)  Operating income used for measuring operating margin, as adjusted, is equal to operating income, as adjusted, excluding the impact of product launch costs (e.g. closed-end fund launch costs) and related commissions. Management believes the exclusion of s

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