Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 119

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 119
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)Operating expensesNet operating incomeNon-operating income (loss)Provision (benefit) for income taxes(6)Net income attributable to T. Rowe Price Group, Inc.Diluted earnings per share(7)U.S. GAAP Basis (FS line item)$4,114.7 $2,373.7 $(425.5)$498.6 $1,557.9 $6.70 Non-GAAP adjustments:Acquisition-related:Investment and NCI amortization and impairments(1) (Capital allocation-based income and Compensation and related costs)40.5 57.5 — 15.5 42.0 0.18 Acquisition-related retention arrangements(1) (Compensation and related costs)(70.2)70.2 — 18.9 51.3 0.22 Contingent consideration(1) 161.2 (161.2)— (43.3)(117.9)(0.52)Intangible assets amortization and impairments(1) (283.5)283.5 — 76.2 207.3 0.89 Transaction costs(2) (General, administrative and other)(0.9)0.9 — 0.2 0.7 0.01 Total acquisition-related(152.9)— 250.9 — — — 67.5 — 183.4 — 0.78 Deferred compensation liabilities(3) (Compensation and related costs)132.3 (132.3)139.4 1.9 5.2 0.02 Consolidated investment products(4)(6.3)8.2 203.5 27.8 75.6 0.33 Other non-operating income(5)— — 58.2 15.5 42.7 0.19 Adjusted Non-GAAP Basis$4,087.8 $2,500.5 $(24.4)$611.3 $1,864.8 $8.02 

(1)    These non-GAAP adjustments remove the impact of acquisition-related amortization and costs, including amortization of intangible assets, the recurring fair value remeasurements of the contingent consideration liability, amortization of acquired investment and non-controlling interest basis differences and amortization