Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 28

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 28
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 income (loss) before income taxes(12.9)20.1 (52.5)Net deferred tax benefits (income taxes)3.7 (1.9)5.0 Total other comprehensive income (loss)(9.2)18.2 (47.5)Total comprehensive income2,126.6 1,853.9 1,402.1 Less: comprehensive income (loss) attributable to redeemable non-controlling interests30.7 59.7 (129.1)Comprehensive income attributable to T. Rowe Price Group, Inc.$2,095.9 $1,794.2 $1,531.2 

The accompanying notes to consolidated financial statements are an integral part of these statements.Page 60

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

202420232022Cash flows from operating activitiesNet income$2,135.8 $1,835.7 $1,449.6 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation, amortization and impairment of property, equipment and software254.1 254.8 225.7 Amortization and impairment of acquisition-related assets and retention arrangements250.1 226.8 420.1 Fair value remeasurement of contingent consideration liability(13.4)(82.4)(161.2)Stock-based compensation expense247.3 265.6 285.4 Net (gains) losses recognized on other investments(340.2)(460.8)210.6 Net (investments) redemptions in investment products used to economically hedge deferred compensation liabilities(93.2)56.1 (18.8)Net change in securities held by consolidated investment products(760.4)(1,070.3)87.9 Other changes in assets and liabilities5.5 193.6 (139.9)Net cash provided by operating activities1,685.6 1,219.1 2,359.4 Cash flows from investing activitiesPurchases of sponsored investment products(100.1)(85.3)(55.1)Dispositions of sponsored investment products533.4 616.6 263.6 Net cash of investment products upon deconsolidation(15.8)(56.8)(8.7)Additions to property and equipment(423.4)(307.9