贝莱德BlackRock (BLK) 2012年年度报告「NYSE」.pdf

1、2012 AnnuAl RepoRtthe neW WORLd Of investing table of Contents 02 Business highlights 03 financial highlights04 Letter to shareholders10 Business Overview12 investment strategies16 Client Businesses20 global executive Committee21 Board of directors22 important notes23 Annual Report on form 10-K iBC

2、Corporate informationthe world of investing isnt standing still.Blackrock continues to evolve to helP lead the way.2#1market shareETFs$1.4 trillionnon-ETF Index assets$404.9 billion Defined Contributionlong-term AUM$79.4 billion Flagship Global Allocation fund$109.8 billion AlternativesAUM$518 milli

3、on Record revenues in BlackRock SolutionsUNPARALLELED PRODUCT BREADTH2012 BUSINESS HIGHLIGHTSintensely focused on Performance$9.3 billionRecord revenue$3.6 billionadjustedOperating income$6.00 per shareDividend,up 9%$13.68 adjusted EPS,up 15%$1.5 billion*Share repurchases 104%*Total payout ratio$2.7

4、billionadjusted Operating cash flow 4 0.4%adjusted Operating margin$107.7billion*long-term Net inflows$3.8 trillionRecord AUMDEMONSTRATED FINANCIAL RESULTScontinued growthstrong oPerating resultssound caPital managementearnings momentumPlease review the Important Notes on page 22 for information on

5、certain non-GAAP figures shown above and on page 3 as well as for source information on other data points above.*2012 long-term net inflows exclude the$110.2 billion effect of two low-fee non-ETF index fixed income outflows.*Includes$1.0 billion in share repurchases from affiliates of Barclays Bank

6、PLC in connection with their 2Q12 secondary offering of BLK shares.#1Most-admired asset manager Improving Performance 76%89%AUM above 3-year benchmark/peer medianActive Fixed Income Scientific Active EquityFOCUS ON SERVING CLIENTS 50 financial firms across the globe rely on Aladdin to manage investm