Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 117

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 117
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 operations, cash flows, and overall financial position. We will continue to monitor and evaluate the impacts of future Pillar Two legislation proposed or enacted in jurisdictions that have not yet adopted the rules. 

NON-GAAP INFORMATION AND RECONCILIATION.

We believe the non-GAAP financial measures below provide relevant and meaningful information to investors about our core operating results. These measures have been established in order to increase transparency for the purpose of evaluating our core business, for comparing current results with prior period results, and to enable more appropriate comparison with industry peers. However, non-GAAP financial measures should not be considered a substitute for financial measures calculated in accordance with U.S. GAAP and may be calculated differently by other companies. 

The following schedules reconcile certain U.S. GAAP financial measures for each of the last three years.

2024(in millions, except per-share amount)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)$4,760.3 $2,333.3 $486.3 $683.8 $2,100.1 $9.15 Non-GAAP adjustments:Acquisition-related:Investment and NCI amortization and impairments(1) (Capital allocation-based income and Compensation and related costs)37.1 50.4 — 10.2 40.2 0.18 Acquisition-related retention arrangements(1) (Compensation and related costs)(44.8)44.8 — 10.4 34.4 0.15 Contingent consideration(1) 13.4 (13.4)— (1.8)(11.6)(0.05)Intangible assets amortization and impairments(1) (156.7)156.7 — 32.2 124.5 0.54 Total acquisition-related(151.0)238.5 — 51.0 187.5 0.82 Deferred compensation liabilities(3) (Compensation and related costs)(104.3)104.3 (96.4)1.7 6.2 0.03 Consolidated investment products(4)(6.2)9.8 (130.3)(17.5)(67