Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 17

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 17
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9 1,987.6 Commitments and contingent liabilitiesRedeemable non-controlling interests944.0 594.1 STOCKHOLDERS’ EQUITYPreferred stock, undesignated, $0.20 par value—authorized and unissued20,000,000 shares— — Common stock, $0.20 par value—authorized 750,000,000; issued 222,966,000 shares at December 31, 2024 and 223,938,000 at December 31, 202344.6 44.8 Additional capital in excess of par value311.9 431.7 Retained earnings10,040.6 9,076.1 Accumulated other comprehensive loss(51.7)(47.5)Total stockholders' equity attributable to T. Rowe Price Group, Inc.10,345.4 9,505.1 Non-controlling interests in consolidated entities160.7 192.0 Total permanent stockholders' equity10,506.1 9,697.1 Total liabilities, redeemable non-controlling interests and permanent stockholders’ equity$13,472.0 $12,278.8 

The accompanying notes to consolidated financial statements are an integral part of these statements.Page 58

CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per-share amounts)

202420232022RevenuesInvestment advisory fees$6,399.7 $5,709.5 $5,962.7 Performance-based advisory fees59.3 38.2 6.4 Capital allocation-based income46.6 161.9 (54.3)Administrative, distribution, and servicing fees588.0 550.9 573.6 Net revenues7,093.6 6,460.5 6,488.4 Operating expensesCompensation and related costs2,757.9 2,673.5 2,320.8 Distribution and servicing354.1 289.9 301.5 Advertising and promotion129.6 114.2 97.3 Product and recordkeeping related costs297.5 291.0 300.1 Technology, occupancy, and facility costs644.1 632.6 560.5 General, administrative, and other433.8 421.3 412.2 Change in fair value of contingent