Asset Management · BLK

“58 Summarized Balance Sheet (unaudited) (in millions) December 31, 2025 December 31, 2024 Assets Receivables from non-guarantor subsidiaries $ 2,655 $ 7,681 Goodwill and intangible assets 27,274 27,273 Other assets 1,228 362 Total assets $ 31,157 $ 35,316 Liabilities Borrowings $ 12,769 $ 12,314 Payable to non-guarantor subsidiaries 5,485 10,206 Other liabilities 3,806 3,278 Total liabilities $ 22,060 $ 25,798 Summarized Income Statement (unaudited) For 2025, net loss of the Obligor Group was $1.2 billion, primarily comprised of $288 million amortization expense, a loss of $631 million primarily related to a change in fair value of contingent consideration, and $514 million of interest expense, partially offset by a tax benefit.”

BLK 10-K · 2026-02-25

“Cash flows used in financing activities, excluding the impact of CIPs, for 2025 were $4.8 billion, primarily resulting from $3.3 billion of dividends/Subco distributions, $2.0 billion worth of share and share equivalents repurchases, including $326 million of employee tax withholdings related to employee stock transactions, and repayment of $796 million of long-term borrowings, partially offset by $1.1 billion of proceeds from long-term borrowings and $167 million from stock options exercised.”

BLK 10-K · 2026-02-25

“Gains or losses resulting from translating foreign currency financial statements into United States ("US") dollars are included in accumulated other comprehensive income (loss) (“AOCI”), a separate component of stockholders’ equity, on the consolidated statements of financial condition.”

BLK 10-K · 2026-02-25