2013 Q4 Form 10-Q Financial Statement

#000111316913000032 Filed on October 24, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $929.8M $884.4M $769.7M
YoY Change 18.1% 14.9% 13.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $393.5M $369.4M $336.7M
YoY Change 14.06% 9.71% 5.12%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.20M $22.20M $20.70M
YoY Change 17.76% 7.25% 11.29%
% of Gross Profit
Operating Expenses $489.7M $458.5M $410.8M
YoY Change 14.93% 11.61% 6.92%
Operating Profit $425.9M $358.9M
YoY Change 18.67% 21.58%
Interest Expense $11.60M $41.40M
YoY Change -71.98% 3084.62%
% of Operating Profit 2.72% 11.54%
Other Income/Expense, Net
YoY Change
Pretax Income $471.8M $437.5M $400.3M
YoY Change 24.78% 9.29% 35.01%
Income Tax $184.1M $167.2M $153.0M
% Of Pretax Income 39.02% 38.22% 38.22%
Net Earnings $287.7M $270.3M $247.3M
YoY Change 24.01% 9.3% 33.32%
Net Earnings / Revenue 30.94% 30.56% 32.13%
Basic Earnings Per Share $1.10 $1.03 $0.97
Diluted Earnings Per Share $1.06 $1.00 $0.94
COMMON SHARES
Basic Shares Outstanding 260.9M shares 258.7M shares 253.0M shares
Diluted Shares Outstanding 266.5M shares 260.3M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.398B $1.693B $1.235B
YoY Change 59.04% 37.09% 23.38%
Cash & Equivalents $1.398B $1.693B $1.235B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $399.0M $366.0M $332.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.797B $2.059B $1.567B
YoY Change 45.74% 31.4% 20.82%
LONG-TERM ASSETS
Property, Plant & Equipment $572.9M $567.5M $561.0M
YoY Change 2.12% 1.16% 1.08%
Goodwill $665.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.926B $1.747B $1.473B
YoY Change 21.82% 18.6% 27.75%
Other Assets
YoY Change
Total Long-Term Assets $3.236B $3.068B $2.839B
YoY Change 8.97% 8.07% 11.62%
TOTAL ASSETS
Total Short-Term Assets $1.797B $2.059B $1.567B
Total Long-Term Assets $3.236B $3.068B $2.839B
Total Assets $5.033B $5.127B $4.406B
YoY Change 19.76% 16.37% 14.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.0M $97.00M $91.00M
YoY Change 15.56% 6.59% -9.0%
Accrued Expenses $72.00M $313.0M $274.0M
YoY Change -20.88% 14.23% 4.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $215.0M $453.0M $386.0M
YoY Change 5.91% 17.36% -2.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $133.0M $161.0M
YoY Change -100.0% -17.39% -6.94%
Total Long-Term Liabilities $0.00 $133.0M $161.0M
YoY Change -100.0% -17.39% -6.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $215.0M $453.0M $386.0M
Total Long-Term Liabilities $0.00 $133.0M $161.0M
Total Liabilities $215.0M $586.2M $546.7M
YoY Change -39.73% 7.23% -4.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $947.0M $877.0M $594.9M
YoY Change 38.77% 47.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.818B $4.541B $3.859B
YoY Change
Total Liabilities & Shareholders Equity $5.033B $5.127B $4.406B
YoY Change 19.76% 16.37% 14.73%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $287.7M $270.3M $247.3M
YoY Change 24.01% 9.3% 33.32%
Depreciation, Depletion And Amortization $25.20M $22.20M $20.70M
YoY Change 17.76% 7.25% 11.29%
Cash From Operating Activities $74.90M $430.4M $366.5M
YoY Change 79.19% 17.44% 11.06%
INVESTING ACTIVITIES
Capital Expenditures -$31.20M -$33.10M -$19.10M
YoY Change 47.17% 73.3% 15.76%
Acquisitions
YoY Change
Other Investing Activities -$267.7M -$48.30M -$8.400M
YoY Change 208.77% 475.0% -82.86%
Cash From Investing Activities -$298.9M -$81.40M -$27.50M
YoY Change 177.02% 196.0% -58.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -71.30M -111.6M -76.30M
YoY Change -75.4% 46.26% -73.3%
NET CHANGE
Cash From Operating Activities 74.90M 430.4M 366.5M
Cash From Investing Activities -298.9M -81.40M -27.50M
Cash From Financing Activities -71.30M -111.6M -76.30M
Net Change In Cash -295.3M 237.4M 262.7M
YoY Change -17.03% -9.63% -1333.33%
FREE CASH FLOW
Cash From Operating Activities $74.90M $430.4M $366.5M
Capital Expenditures -$31.20M -$33.10M -$19.10M
Free Cash Flow $106.1M $463.5M $385.6M
YoY Change 68.41% 20.2% 11.28%

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DistributionCosts
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trow Distribution Costs
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P5Y
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trow Proceeds From Sale And Maturity Of Available For Sale Securities Debt
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trow Proceeds From Stock Options Exercised Net Of Payments For Repurchase Of Common Stock For Employee Tax Withholding Obligations And Strike Price
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dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Address Address Line1
EntityAddressAddressLine1
100 East Pratt Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Baltimore
dei Entity Address State Or Province
EntityAddressStateOrProvince
Maryland
dei Entity Central Index Key
EntityCentralIndexKey
0001113169
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
260907929 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
Maryland
dei Entity Listing Par Value Per Share
EntityListingParValuePerShare
0.20
dei Entity Registrant Name
EntityRegistrantName
PRICE T ROWE GROUP INC
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
522264646

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