Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 125

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 125
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31.7)(936.6)Effect of exchange rate changes on cash and cash equivalents of consolidated investment products— (2.4)— (2.4)Net change in cash and cash equivalents during year583.2 (14.1)— 569.1 Cash and cash equivalents at beginning of year2,066.6 77.2 — 2,143.8 Cash and cash equivalents at end of year$2,649.8 $63.1 $— $2,712.9 

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2023(in millions)Cash flow attributable to T. Rowe Price Group, Inc.Cash flow attributable to consolidated investment productsEliminationsAs reportedCash flows from operating activitiesNet income (loss)$1,788.7 $153.5 $(106.5)$1,835.7 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesDepreciation, amortization and impairments of property, equipment and software254.8 — — 254.8 Amortization and impairment of acquisition-related assets and retention agreements226.8 — — 226.8 Fair value remeasurement of contingent consideration liability(82.4)— — (82.4)Stock-based compensation expense265.6 — — 265.6 Net (gains) losses recognized on investments(567.3)— 106.5 (460.8)Total non-cash adjustments97.5 — 106.5 204.0 Net (investments) redemptions in sponsored investment products used to economically hedge deferred compensation liabilities(10.3)— 66.4 56.1 Net change in trading securities held by consolidated investment products— (1,070.3)— (1,070.3)Other changes182.7 27.9 (17.0)193.6 Net cash provided by (used in) operating activities2,058.6 (888.9)49.4 1,219.1 Net cash provided by (used in) investing activities(310.2)(56.8)495.2 128.2 Net cash provided by (used in) financing activities(1,437.4)903.4 (544.6)(1,078.6)Effect of exchange rate changes on cash and cash equivalents of consolidated