Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 16

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 16
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Table of Contents                

Item 8.Financial Statements.

 PageIndex to Financial Statements:Consolidated Balance Sheets at December 31, 2024 and 202358Consolidated Statements of Income for each of the years in the three-year period endedDecember 31, 202459Consolidated Statements of Comprehensive Income for each of the years in the three-year period ended December 31, 202460Consolidated Statements of Cash Flows for each of the years in the three-year period endedDecember 31, 202461Consolidated Statements of Stockholders' Equity for each of the years in the three-year period ended December 31, 202462Notes to Consolidated Financial Statements64Report of Independent Registered Public Accounting Firm (KPMG LLP, Baltimore, MD, Auditor ID: 185)90

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Table of Contents                

CONSOLIDATED BALANCE SHEETS

(in millions, except share data) 

12/31/202412/31/2023ASSETSCash and cash equivalents$2,649.8 $2,066.6 Accounts receivable and accrued revenue877.4 807.9 Investments3,000.5 2,554.7 Assets of consolidated investment products ($1,555.6 million at December 31, 2024 and $1,204.4 million at December 31, 2023, related to variable interest entities)2,044.0 1,959.3 Operating lease assets226.8 241.1 Property, equipment and software, net977.0 806.6 Intangible assets368.1 507.3 Goodwill2,642.8 2,642.8 Other assets685.6 692.5 Total assets$13,472.0 $12,278.8 LIABILITIESAccounts payable and accrued expenses$353.5 $422.9 Liabilities of consolidated investment products ($46.2 million at December 31, 2024 and $35.2 million at December 31, 2023, related to variable interest entities)62.1 54.2 Operating lease liabilities278.7 308.5 Accrued compensation and related costs219.8 240.8 Deferred compensation liabilities1,020.7 895.0 Income taxes payable87.1 66.2 Total liabilities2,021.