Annual Report 2010

Financial Highlights

(in millions of dollars, except per share data) 2010 2009 2008
Revenue $8,612 $4,700 $5,064
Operating Income, as adjusted* 3,167 1,570 1,662
Net Income, as adjusted* 2,139 1,021 856
Per Share:      
Diluted Earnings, as adjusted* 10.94 7.13 6.30
Book Value 136.09 128.86 92.91
Assets Under Management 3,560,968 3,346,256 1,307,151

* Important Notes

On December 1, 2009, BlackRock acquired from Barclays Bank PLC all of the outstanding equity interests of subsidiaries of Barclays conducting the business of Barclays Global Investors ("BGI") ("the BGI Transaction").

Diluted earnings per share, operating income and net income are presented on an adjusted basis. See page 43 of the BlackRock 2010 Annual Report for GAAP reconciliation.

This is an interactive electronic version of the BlackRock 2010 Annual Report to Shareholders. The contents of this version are qualified in their entirety by reference to the printed version. A reproduction of the printed version is available in PDF in the "Investor Relations" section on this Web site.