Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 124

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 124
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.3 1,376.2 20241,135.2 334.5 1,469.7 Total$3,365.9 $1,444.1 $4,810.0 

We anticipate property and equipment expenditures for the full-year 2025 to be about $300 million, of which more than three-quarters is planned for technology initiatives. We expect to fund our anticipated capital expenditures with operating cash flows and other available resources.

The following tables summarize the cash flows for 2024, 2023 and 2022, that are attributable to T. Rowe Price Group Inc., our consolidated investment products, and the related eliminations required in preparing the consolidated statement of cash flows.

2024(in millions)Cash flow attributable to T. Rowe Price Group, Inc.Cash flow attributable to consolidated investment productsEliminationsAs reported Cash flows from operating activitiesNet income (loss)$2,100.1 $120.5 $(84.8)$2,135.8 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesDepreciation, amortization and impairments of property, equipment and software254.1 — — 254.1 Amortization and impairment of acquisition-related assets and retention agreements250.1 — — 250.1 Fair value remeasurement of contingent consideration liability(13.4)— — (13.4)Stock-based compensation expense247.3 — — 247.3 Net (gains) losses recognized on investments(425.0)— 84.8 (340.2)Total non-cash adjustments313.1 — 84.8 397.9 Net investments in sponsored investment products used to economically hedge deferred compensation liabilities(123.2)— 30.0 (93.2)Net change in trading securities held by consolidated investment products— (760.4)— (760.4)Other changes23.9 6.1 (24.5)5.5 Net cash provided by (used in) operating activities2,313.9 (633.8)5.5 1,685.6 Net cash provided by (used in) investing activities(187.9)(15.8)26.2 (177.5)Net cash provided by (used in) financing activities(1,542.8)637.9 (