Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - BlackRock Inc. | Financial_Report.xls |
| EX-31.2 - SECTION 302 CERTIFICATION OF CHIEF FINANCIAL OFFICER - BlackRock Inc. | d800369dex312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - BlackRock Inc. | d800369dex311.htm |
| EX-32.1 - SECTION 906 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - BlackRock Inc. | d800369dex321.htm |
| 10-Q - FORM 10-Q - BlackRock Inc. | d800369d10q.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(unaudited)
| (in millions) | Nine Months Ended September 30, 2014 |
Year ended December 31, | ||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Income before income taxes |
$ | 3,311 | $ | 3,973 | $ | 3,470 | $ | 3,135 | $ | 3,021 | $ | 1,272 | ||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests(1) |
(23 | ) | 19 | (18 | ) | 2 | (13 | ) | 22 | |||||||||||||||
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| Pre-tax income attributable to BlackRock, Inc. |
3,334 | 3,954 | 3,488 | 3,133 | 3,034 | 1,250 | ||||||||||||||||||
| Add: Fixed charges |
185 | 258 | 261 | 236 | 209 | 104 | ||||||||||||||||||
| Distributions of earnings from equity method investees |
44 | 80 | 42 | 30 | 14 | 18 | ||||||||||||||||||
| Less: (Losses) earnings from equity method investees |
133 | 158 | 175 | 23 | 141 | 30 | ||||||||||||||||||
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| Pre-tax income before fixed charges |
$ | 3,430 | $ | 4,134 | $ | 3,616 | $ | 3,376 | $ | 3,116 | $ | 1,342 | ||||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 174 | $ | 211 | $ | 215 | $ | 176 | $ | 150 | $ | 68 | ||||||||||||
| Interest expense on uncertain tax positions(2) |
(22 | ) | 3 | 3 | 10 | 8 | 8 | |||||||||||||||||
| Portion of rent representative of interest(3) |
33 | 44 | 43 | 50 | 51 | 28 | ||||||||||||||||||
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| Total fixed charges |
$ | 185 | $ | 258 | $ | 261 | $ | 236 | $ | 209 | $ | 104 | ||||||||||||
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| Ratio of earnings to fixed charges |
18.5x | 16.0x | 13.9x | 14.3x | 14.9x | 12.9x | ||||||||||||||||||
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| (1) | Amount includes redeemable and nonredeemable noncontrolling interests. |
| (2) | Interest expense on uncertain tax positions, in accordance with ASC 740-10, Income Taxes, has been recorded within income tax expense on the consolidated statements of income. |
| (3) | The portion of rent representative of interest is calculated as one third of the total rent expense. |