BlackRock Taxable Municipal Bond Trust (BBN)
The BlackRock Taxable Municipal Bond Trust is a closed-ended investment fund sponsored by BlackRock, Inc., and expertly managed by BlackRock Advisors, LLC. This trust primarily allocates its capital within the United States' fixed income markets. Its core holdings are taxable municipal securities, notably including Build America Bonds. Beyond this, the fund diversifies its portfolio with investments in tax-exempt securities, U.S. Treasury obligations, debt from U.S. government agencies and instrumentalities, and corporate debt instruments. Previously, it operated under the name BlackRock Build America Bond Trust. Established on August 27, 2010, the trust is domiciled within the United States.
Industry: Asset Management - Bonds
BlackRock Taxable Municipal Bond Trust
NYSE:BBNFinancial Services · Asset Management - Bonds
-0.47%$14.68
AH Close$14.68+0.00%vs close
AH Close$14.68+0.00%vs close
Mkt Cap$907.11M
Float61.79M
O/S61.79M
Inst Own43.7%
SI0.2%
Div Yield8.06%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$86.28M
Net Income$78.75M
Total Assets$1.64B
Free Cash Flow$61.77M
Debt & Equity
Debt 35%
Equity 65%
Total Debt$566.07M
Total Equity$1.07B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BBN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.64B
Liabilities$567.69M
Accounts Receivable$35.58M
Accounts Payable$942K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Revenue | $86.28M | $102.45M | $76.42M | $94.67M | $37.78M | $144.09M | $155.3M | $66.58M | $1.2M | $96.15M | $109.15M | $104.8M | $104.6M |
| YoY Growth | -15.8% | 34.1% | -19.3% | 150.6% | -73.8% | -7.2% | 133.3% | 5431.2% | -98.7% | -11.9% | 4.1% | 0.2% | - |
| Cost of Revenue | $9.15M | $9.35M | $52.89M | $10.35M | $5.41M | $12.52M | $11.92M | $11.77M | $11.88M | $11.64M | $11.92M | $10.7M | $11.4M |
| Gross Profit | $77.13M | $12.77M | $23.53M | $84.32M | $32.37M | $131.57M | $143.38M | $54.81M | -$10.67M | $84.51M | $97.23M | $94.1M | $93.2M |
| Gross Margin | 89.4% | 12.5% | 30.8% | 89.1% | 85.7% | 91.3% | 92.3% | 82.3% | -886.6% | 87.9% | 89.1% | 89.8% | 89.1% |
| Research and Development | $0 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $609K | $433K | $335K | $674K | $610K | $701K | $650K | $711K | $20K | $28K | $0 | $0 |
| Other | -$25.25M | $97K | $102K | $49K | $96K | $83K | $86K | $63K | $91K | $156.13M | $83K | $200K | $100K |
| Total Operating Expenses | -$25.25M | $705K | $535K | $384K | $770K | $694K | $787K | $714K | $802K | -$156.13M | $111K | $200K | $100K |
| Operating Income (EBIT) | $102.39M | $40.01M | $148.1M | -$388.45M | -$295K | $158.31M | $175.54M | $80.94M | $8.4M | $240.64M | $97.12M | $93.9M | $93.1M |
| Operating Margin | 118.7% | 39.1% | 193.8% | -410.3% | -0.8% | 109.9% | 113.0% | 121.6% | 697.6% | 250.3% | 89.0% | 89.6% | 89.0% |
| Interest Expense | $23.64M | $27.94M | $28.64M | $11.73M | $4.89M | $14.91M | $21.02M | $15.07M | $8M | $5.26M | -$35.19M | $92.9M | -$155.1M |
| Interest Income | $93.58M | $92.34M | $91.62M | $92.26M | $93.56M | $110.04M | $112.09M | $111.02M | $110.67M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$23.64M | -$27.94M | -$28.64M | -$11.73M | -$1.25M | -$14.91M | $11.92M | $0 | $11.88M | -$5.26M | -$35.18M | $92.9M | -$155.1M |
| Income Before Tax (EBT) | $78.75M | $12.07M | $119.46M | -$400.18M | -$1.55M | $143.39M | $154.52M | $65.87M | $401K | $235.38M | $61.93M | $186.8M | -$62M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | -$172K | -$161K | -$53K | $0 | $0 | $0 | $0 |
| Net Income | $78.75M | $12.07M | $119.46M | -$400.18M | $112.85M | $143.39M | $154.52M | $65.87M | $401K | $235.38M | $61.93M | $186.8M | -$62M |
| Net Income Margin | 91.3% | 11.8% | 156.3% | -422.7% | 298.7% | 99.5% | 99.5% | 98.9% | 33.3% | 244.8% | 56.7% | 178.2% | -59.3% |
| Supplementary Data | |||||||||||||
| EPS | 1.27 | 0.20 | 1.93 | -6.64 | 1.89 | 2.51 | 2.71 | 1.15 | 0.01 | 4.12 | 1.08 | 3.27 | -1.09 |
| Diluted EPS | 1.27 | 0.19 | 1.93 | -6.64 | 1.89 | 2.51 | 2.71 | 1.15 | 0.01 | 4.12 | 1.08 | 3.27 | -1.09 |
| Weighted Average OS | 61.79M | 61.79M | 61.90M | 60.27M | 59.68M | 57.17M | 57.12M | 57.12M | 40.13M | 57.11M | 57.10M | 57.10M | 57.10M |
| EBITDA | $102.39M | $40.01M | $148.1M | -$388.22M | -$295K | $158.51M | $175.54M | $80.94M | $0 | $240.64M | $26.74M | $279.7M | -$217.1M |
| EBITDA Margin | 118.7% | 39.1% | 193.8% | -410.1% | -0.8% | 110.0% | 113.0% | 121.6% | - | 250.3% | 24.5% | 266.9% | -207.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $2.92M | $6.19M | $4K | $0 | $694K | $0 | $0 | $4.45M | $3.89M | $7.78M | $6.18M | $4.6M | $3.1M |
| Short-Term Investments | $5.83M | $1.56M | $7.74M | $11.7M | $8.61M | $6.32M | $5.71M | $0 | $0 | $10.07M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $8.75M | $7.76M | $7.74M | $11.7M | $9.31M | $6.32M | $5.71M | $4.45M | $3.89M | $10.07M | $6.18M | $4.6M | $3.1M |
| Accounts Receivable | $35.58M | $29.18M | $26.65M | $28.09M | $20.4M | $21.43M | $25.18M | $29.93M | $25.13M | $26.3M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $36.4M | $21.42M | $0 | $40.6M | $52.27M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$7.76M | -$7.74M | -$11.7M | -$45.71M | -$27.74M | -$30.89M | -$40.6M | -$52.27M | -$36.37M | $0 | $0 | $0 |
| Total Current Assets | $44.33M | $29.19M | $26.66M | $28.09M | $20.4M | $21.43M | $25.18M | $34.38M | $29.03M | $7.78M | $6.18M | $4.6M | $3.1M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.59B | $1.53B | $1.59B | $1.6B | $2.22B | $2.08B | $2.17B | $2.06B | $2.05B | $2.19B | $1.98B | $1.91B | $1.8B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $15K | $6.19M | $0 | $0 | $0 | $82.89M | -$2.17B | -$2.06B | -$2.05B | $10.07M | -$1.98B | -$1.91B | -$1.8B |
| Total Long-Term Assets | $1.59B | $1.54B | $1.59B | $1.6B | $2.22B | $2.16B | $2.17B | $2.06B | $2.05B | $2.2B | $1.98B | $1.91B | $1.8B |
| Other Assets | $0 | $0 | $0 | $8.26M | $0 | $2.15M | $5.25M | $24K | $22K | $26.33M | $26M | $24.1M | $23.6M |
| Total Assets | $1.64B | $1.57B | $1.63B | $1.64B | $2.25B | $2.19B | $2.2B | $2.09B | $2.08B | $2.23B | $2.01B | $1.93B | $1.82B |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $942K | $735K | $744K | $778K | $1.04M | $15.95M | $1.19M | $33.49M | $2.1M | $0 | $1.22M | $1.1M | $1M |
| Short-Term Debt | $566.07M | $504.28M | $501.06M | $564.18M | $770.85M | $712.05M | $799.96M | $742.66M | $0 | $777.66M | $724.47M | $615.5M | $603.7M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$563.4M | -$769.81M | -$696.11M | -$798.76M | -$709.17M | -$731.78M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$1.63M | -$504.96M | -$719K | -$1.53M | -$4.03M | -$16.47M | -$3.45M | -$34.42M | $731.35M | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $566.07M | $735K | $501.81M | $778K | $1.04M | $15.95M | $1.19M | $33.49M | $2.1M | $779.02M | $725.69M | $616.6M | $604.7M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $504.28M | $501.06M | $564.17M | $706.8M | $0 | $0 | $0 | $729.03M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.62M | $683K | $7.58M | $3.64M | $1.84M | $0 | $0 | $0 | -$729.03M | $28.41M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.62M | $504.97M | $508.64M | $567.81M | $708.55M | $712.05M | $799.96M | $742.66M | $729.03M | $28.41M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | -$501.81M | $567.03M | $0 | $893K | $6.51M | $1.31M | $5.73M | -$1.37M | $2.26M | $6M | $2.9M |
| Total Liabilities | $567.69M | $505.7M | $509.39M | $568.59M | $712.67M | $728.89M | $807.66M | $777.45M | $736.86M | $806.06M | $727.94M | $622.6M | $607.6M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.13B | $1.14B | $1.16B | $1.17B | $1.13B | $1.09B | $1.09B | $1.09B | $1.09B | $1.09B | $1.09B | $1.09B | $1.09B |
| Retained Earnings | -$65.34M | -$82.98M | -$39.22M | -$103.95M | $400.24M | $367.25M | $300.5M | $780K | $6.46M | $6.32M | -$33.86M | -$20.2M | -$13.3M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $225.52M | $243.58M | $333.65M | $243.5M | $243.5M | $140M |
| Other Stockholders' Equity | -$1 | $0 | $0 | $0 | $0 | $0 | $0 | $225.52M | $243.58M | $333.65M | $228.76M | $243.4M | $140M |
| Total Equity | $1.07B | $1.06B | $1.12B | $1.07B | $1.53B | $1.46B | $1.39B | $1.32B | $1.34B | $1.43B | $1.28B | $1.31B | $1.22B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.64B | $1.57B | $1.63B | $1.64B | $2.25B | $2.19B | $2.2B | $2.09B | $2.08B | $2.23B | $2.01B | $1.93B | $1.82B |
| Supplementary Data | |||||||||||||
| Total Debt | $566.07M | $504.28M | $501.06M | $564.17M | $706.8M | $712.05M | $799.96M | $742.66M | $729.03M | $777.66M | $724.47M | $615.5M | $603.7M |
| Net Debt | $563.15M | $498.09M | $501.06M | $564.17M | $706.11M | $712.05M | $799.96M | $738.21M | $725.14M | $769.88M | $718.29M | $610.9M | $600.6M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Operating Activities | |||||||||||||
| Net Income | $78.75M | $12.07M | $119.46M | -$400.18M | $112.85M | $143.39M | $154.52M | $65.87M | $401K | $235.38M | $61.93M | $186.8M | -$62M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$922K | -$1.9M | $1.22M | $112K | -$7.34M | $3.75M | -$63K | $16K | $57K | -$319K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $9.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $51K | -$2K | -$22K | -$530K | -$79K | -$8K | $71K | -$898K | $963K | $149K | -$119K | -$100K | $0 |
| Other Working Capital | $7.54M | -$2.23M | $2.48M | $2.12M | -$185K | -$10.4M | $12.52M | -$7.97M | -$6.45M | $14.45M | -$89.76M | $3.8M | $0 |
| Total Working Capital Change | $6.67M | -$4.13M | $3.68M | $1.69M | $2.14M | -$6.66M | $12.53M | -$8.85M | -$5.43M | $14.28M | -$89.88M | $3.7M | -$35.4M |
| Other Non-Cash Items | -$23.64M | $52.65M | -$61.08M | $646.6M | -$70.93M | $19.07M | -$135.19M | $15.83M | $131.07M | -$184.59M | $10.53M | -$111.9M | $169.8M |
| Net Cash from Operating | $61.77M | $60.6M | $62.05M | $248.12M | $44.06M | $155.8M | $31.85M | $72.85M | $126.05M | $64.9M | -$17.42M | $78.6M | $72.4M |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$195.43M | -$268.59M | -$133.6M | -$190.35M | -$126.41M | -$308.68M | -$184.9M | -$202.4M | -$173.33M | -$206.01M | $0 | $0 | $0 |
| Sales of Investments | $150.84M | $273.57M | $197.65M | $297.68M | $54.07M | $443.51M | $145.02M | $165.35M | $204.74M | $195.35M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$44.58M | $4.98M | $64.04M | $107.33M | -$72.34M | $134.83M | -$39.88M | -$37.04M | $31.41M | -$10.66M | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | -$109K | - | $61.66M | $206.96M | $1.66M | $83.14M | - | - | $35.78M | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $107K | $40.96M | $40.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$70.47M | -$68.89M | -$71.97M | -$87.42M | -$77.6M | -$75.77M | -$81.03M | -$89.43M | -$90.27M | -$90.17M | $0 | $0 | $0 |
| Other Financing Activities | $54.16M | $0 | $0 | $0 | $21.92M | $0 | $49.97M | $17.13M | $0 | $37.93M | $17.42M | -$78.6M | -$72.4M |
| Net Cash from Financing | -$16.2M | -$70.15M | -$133.53M | -$253.42M | -$38.48M | -$158.9M | -$31.06M | -$72.3M | -$126.05M | -$52.24M | $17.42M | -$78.6M | -$72.4M |
| Forex Effect | -$4.26M | $10.76M | $7.44M | $1.52M | $72.34M | -$134.83M | $39.88M | $37.04M | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.27M | $6.19M | $4K | -$5.3M | $5.58M | -$3.1M | $791K | $553K | $31.41M | $0 | $0 | $0 | $0 |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $61.77M | $71.75M | $62.05M | $248.12M | $44.06M | $155.8M | $31.85M | $72.85M | $126.05M | $64.9M | -$17.42M | $78.6M | $72.4M |
| Capital Expenditure | -$3 | $3 | $3 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $61.77M | $71.75M | $62.05M | $248.12M | $44.06M | $155.8M | $31.85M | $72.85M | $126.05M | $64.9M | -$17.42M | $78.6M | $72.4M |
| Cash at Beginning | $6.19M | $4.59M | $8.06M | $13.37M | $2.14M | $5.24M | $4.45M | $3.89M | $0 | $6.18M | $4.6M | $3.1M | $0 |
| Cash at End | $2.92M | $6.19M | $4.59M | $8.06M | $7.72M | $2.14M | $5.24M | $4.45M | $31.41M | $6.18M | $4.6M | $3.1M | $0 |