1、08ANNUAL REPORT08HELPING CLIENTS SOLVE PROBLEMSBlackRocks long-stated corporate mission has been to help our clients solve problems.This unwavering commitment to helping clients with their investment challengesmay sound simple,but it demands we bring together the collective resources of ourorganizat
2、ion from around the world.It requires the integration of our deep capitalmarkets expertise,extensive risk management and advisory capabilities,and our time-tested operating processes.More importantly,it requires that we stop to listen.Today,we hear clearly that investors of all sizes have rapidly ch
3、anging needs,unique to their particular circumstances.We hear that they want to be prepared for whateverthe market brings next.We hear that clients want objective advice and tailored solutionsfrom strategic partners that can provide a diversified platform through which to allocateinvestments globall
4、y.And we remain keenly aware of the fiduciary responsibilities of our business and the trust our clients and shareholders place in us.Recent industry events highlight basic principles of corporate ethics,culture and integrity.As we enter our tenth year as a public company on the New York Stock Excha
5、nge,werecognize that our clients look to us as an independently managed firm for thoughtfuland objective advice that they can trust.We are committed to earning that trust each andevery day and,through our efforts,to creating enduring portfolio and shareholder value.177528_Narr_R2 4/13/09 7:42 PM Pag
6、e 1FINANCIAL&BUSINESS HIGHLIGHTS(in thousands of dollars,except per share data)RevenueOperating income,as adjustedNet income,as adjustedPer share:Diluted earnings,as adjustedBook valueAssets under management(in millions)Years ended December 31,2008$5,063,9081,661,816858,1386.4592.891,307,1512007$4,8