Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 126

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 126
---
 investment products— 0.4 — 0.4 Net change in cash and cash equivalents during year311.0 (41.9)— 269.1 Cash and cash equivalents at beginning of year1,755.6 119.1 — 1,874.7 Cash and cash equivalents at end of year$2,066.6 $77.2 $— $2,143.8 

Page 49

2022(in millions)Cash flow attributable to T. Rowe Price Group, Inc.Cash flow attributable to consolidated investment productsEliminationsAs reportedCash flows from operating activitiesNet income (loss)$1,557.9 $(211.7)$103.4 $1,449.6 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activitiesDepreciation, amortization and impairments of property, equipment and software225.7 — — 225.7 Amortization and impairment of acquisition-related assets and retention agreements420.1 — — 420.1 Fair value remeasurement of contingent consideration liability(161.2)— — (161.2)Stock-based compensation expense285.4 — — 285.4 Net (gains) losses recognized on investments314.0 — (103.4)210.6 Total non-cash adjustments1,084.0 — (103.4)980.6 Net investments in sponsored investment products used to economically hedge deferred compensation liabilities(18.8)— — (18.8)Net change in trading securities held by consolidated investment products— 87.9 — 87.9 Other changes(182.8)46.6 (3.7)(139.9)Net cash provided by (used in) operating activities2,440.3 (77.2)(3.7)2,359.4 Net cash provided by (used in) investing activities(179.3)(8.7)146.5 (41.5)Net cash provided by (used in) financing activities(2,028.5)94.4 (142.8)(2,076.9)Effect of exchange rate changes on cash and cash equivalents of consolidated investment products— 9.5 — 9.5 Net change in cash and cash equivalents during year232.5 18