N OTE 21 S UMMARIZED F INANCIAL I NFORMATION OF B LACK R OCK for PNC FINANCIAL SERVICES GROUP INC (PNC)

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PNC » Topics » N OTE 21 S UMMARIZED F INANCIAL I NFORMATION OF B LACK R OCK

This excerpt taken from the PNC 10-Q filed May 11, 2009.

NOTE 16 SUMMARIZED FINANCIAL INFORMATION OF BLACKROCK

As required by SEC Regulation S-X, summarized consolidated financial information of BlackRock follows.


In millions	Three months ended March 31
	2009			2008
Total revenue	$	987		$	1,300
Total expenses		716			904
Operating income		271			396
Non-operating income (expense)		(179	)		(20	)
Income before income taxes		92			376
Income tax expense		30			130
Net income		62			246
Less: Net income (loss) attributable to non-controlling interests		(22	)		5
Net income attributable to BlackRock	$	84		$	241

This excerpt taken from the PNC 10-K filed Mar 2, 2009.

NOTE 22 SUMMARIZED FINANCIAL INFORMATION OF BLACKROCK

As required by SEC Regulation S-X, summarized consolidated financial information of BlackRock follows (in millions).


December 31	2008			2007
Total assets	$	19,924		$	22,561
Total liabilities	$	7,367		$	10,387
Non-controlling interest		491			578
Stockholders’ equity		12,066			11,596
Total liabilities, non-controlling interest and stockholders’ equity	$	19,924		$	22,561

Year ended December 31	2008			2007
Total revenue	$	5,064		$	4,845
Total expenses		3,471			3,551
Operating income		1,593			1,294
Non-operating income (expense)		(574	)		529
Income before income taxes and non-controlling interest		1,019			1,823
Income taxes		388			464
Non-controlling interest		(155	)		364
Net income	$	786		$	995

This excerpt taken from the PNC 10-Q filed Nov 6, 2008.

NOTE 13 SUMMARIZED FINANCIAL INFORMATION OF BLACKROCK

As required by SEC Regulation S-X, summarized consolidated financial information of BlackRock follows (in millions):


	Three months ended September 30					Nine months ended September 30
	2008			2007		2008			2007
Total revenue	$	1,313		$	1,298	$	4,000		$	3,400
Total expenses		860			1,026		2,746			2,574
Operating income		453			272		1,254			826
Non-operating income (expense)		(139	)		128		(161	)		500
Income before income taxes and non-controlling interests		314			400		1,093			1,326
Income taxes		117			63		395			298
Non-controlling interests		(21	)		82		(35	)		355
Net income	$	218		$	255	$	733		$	673

This excerpt taken from the PNC 10-Q filed May 12, 2008.

NOTE 13 SUMMARIZED FINANCIAL INFORMATION OF BLACKROCK

As required by SEC Regulation S-X, summarized consolidated financial information of BlackRock follows (in millions):


	March 31 2008			December 31 2007
Total assets	$	21,816		$	22,562
Total liabilities	$	9,423		$	10,387
Non-controlling interest		579			578
Stockholders’ equity		11,814			11,597
Total liabilities, non-controlling interest and stockholders’ equity	$	21,816		$	22,562

Three months ended March 31		2008			2007
Total revenue	$	1,300		$	1,005
Total expenses		904			733
Operating income		396			272
Non-operating income (expense)		(19	)		158
Income before income taxes and non-controlling interest		377			430
Income taxes		130			110
Non-controlling interest		5			125
Net income	$	242		$	195

This excerpt taken from the PNC 10-K filed Feb 29, 2008.

NOTE 21 SUMMARIZED FINANCIAL INFORMATION OF BLACKROCK

As required by SEC Regulation S-X, summarized consolidated financial information of BlackRock follows (in millions).


December 31		2007
Total assets		$22,562
Total liabilities		$10,387
Non-controlling interest		578
Stockholders’ equity		11,597
Total liabilities, non-controlling Interest and stockholders’ equity		$22,562


Year ended December 31		2007
Total revenue		$4,845
Total expenses		3,551
Operating income		1,294
Non-operating income		529
Income before income taxes and non-controlling interest		1,823
Income taxes		464
Non-controlling interest		364
Net income		$995

EXCERPTS ON THIS PAGE:

10-Q	May 11, 2009

10-K	Mar 2, 2009

10-Q	Nov 6, 2008

10-Q	May 12, 2008

10-K	Feb 29, 2008

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PNC Financial Services (PNC)

PNC » Topics » N OTE 21 S UMMARIZED F INANCIAL I NFORMATION OF B LACK R OCK

EXCERPTS ON THIS PAGE:

RELATED TOPICS for PNC: