Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 27

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 27
---
 consideration(13.4)(82.4)(161.2)Acquisition-related amortization and impairment costs156.7 134.2 283.5 Total operating expenses4,760.3 4,474.3 4,114.7 Net operating income2,333.3 1,986.2 2,373.7 Non-operating income (loss)Net gains (losses) on investments363.2 355.2 (204.7)Net gains (losses) on consolidated investment products130.3 164.6 (203.5)Other losses, including foreign currency losses(7.2)(15.7)(17.3)Total non-operating income (loss)486.3 504.1 (425.5)Income before income taxes2,819.6 2,490.3 1,948.2 Provision for income taxes683.8 654.6 498.6 Net income2,135.8 1,835.7 1,449.6 Less: net income (loss) attributable to redeemable non-controlling interests35.7 47.0 (108.3)Net income attributable to T. Rowe Price Group, Inc.$2,100.1 $1,788.7 $1,557.9 Earnings per share on common stock of T. Rowe Price Group, Inc.Basic$9.18 $7.78 $6.73 Diluted$9.15 $7.76 $6.70 

The accompanying notes to consolidated financial statements are an integral part of these statements.Page 59

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)

202420232022Net income$2,135.8 $1,835.7 $1,449.6 Other comprehensive income (loss)Currency translation adjustments:Consolidated investment products—variable interest entities(14.0)21.7 (34.9)Reclassification of (gains) losses recognized in non-operating investment income upon deconsolidation of certain investment products0.4 — (3.0)Total currency translation adjustments of consolidated investment products—variable interest entities(13.6)21.7 (37.9)Equity method investments0.7 (1.6)(14.6)Other comprehensive