$TROW
PRICE T ROWE GROUP INC

2019 Q4 Form 10-Q Financial Statement

#000111316919000027 Filed on October 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $1.469B $1.427B $1.395B
YoY Change 12.54% 2.3% 12.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $850.8M $729.6M $716.1M
YoY Change 15.3% 1.89% 9.78%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.10M $45.70M $40.20M
YoY Change 32.51% 13.68% 14.86%
% of Gross Profit
Operating Expenses $888.4M $767.6M $754.0M
YoY Change 14.2% 1.8% 9.24%
Operating Profit $659.1M $640.6M
YoY Change 2.89% 16.79%
Interest Expense $163.0M $43.80M $124.8M
YoY Change -208.52% -64.9% 87.95%
% of Operating Profit 6.65% 19.48%
Other Income/Expense, Net $7.000M $43.00M $124.9M
YoY Change -511.76% -65.57% 85.59%
Pretax Income $750.3M $702.1M $765.5M
YoY Change 92.19% -8.28% 24.31%
Income Tax $156.4M $157.0M $183.9M
% Of Pretax Income 20.84% 22.36% 24.02%
Net Earnings $545.3M $545.9M $583.0M
YoY Change 54.96% -6.36% 49.14%
Net Earnings / Revenue 37.13% 38.26% 41.8%
Basic Earnings Per Share $2.27 $2.26 $2.34
Diluted Earnings Per Share $2.24 $2.23 $2.30
COMMON SHARES
Basic Shares Outstanding 233.7M shares 234.9M shares 242.8M shares
Diluted Shares Outstanding 238.2M shares 247.5M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.782B $2.213B $2.091B
YoY Change 25.05% 5.83% 11.88%
Cash & Equivalents $1.782B $2.213B $2.091B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $647.0M $621.0M $583.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.429B $2.834B $2.674B
YoY Change 22.99% 5.98% 12.49%
LONG-TERM ASSETS
Property, Plant & Equipment $674.4M $678.8M $657.0M
YoY Change 1.98% 3.32% 3.46%
Goodwill $665.7M $665.7M $665.7M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $5.217B $4.853B $4.332B
YoY Change 26.2% 12.03% 25.89%
Other Assets
YoY Change
Total Long-Term Assets $6.901B $6.564B $5.857B
YoY Change 20.77% 12.08% 17.07%
TOTAL ASSETS
Total Short-Term Assets $2.429B $2.834B $2.674B
Total Long-Term Assets $6.901B $6.564B $5.857B
Total Assets $9.330B $9.398B $8.531B
YoY Change 21.34% 10.17% 15.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $215.0M $203.0M $250.0M
YoY Change -6.11% -18.8% 28.87%
Accrued Expenses $258.0M $680.0M $512.0M
YoY Change 109.76% 32.81% 12.78%
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 $505.0M $932.0M $842.0M
YoY Change 24.38% 10.69% 26.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $603.0M $522.0M $368.0M
YoY Change 43.91% 41.85% 57.26%
Total Long-Term Liabilities $603.0M $522.0M $368.0M
YoY Change 43.91% 41.85% 57.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $505.0M $932.0M $842.0M
Total Long-Term Liabilities $603.0M $522.0M $368.0M
Total Liabilities $1.107B $1.455B $1.210B
YoY Change 34.27% 20.31% 34.72%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $701.6M $701.5M $703.0M
YoY Change -0.09% -0.21% -12.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.102B $6.840B $6.461B
YoY Change
Total Liabilities & Shareholders Equity $9.330B $9.398B $8.531B
YoY Change 21.34% 10.17% 15.6%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $545.3M $545.9M $583.0M
YoY Change 54.96% -6.36% 49.14%
Depreciation, Depletion And Amortization $59.10M $45.70M $40.20M
YoY Change 32.51% 13.68% 14.86%
Cash From Operating Activities $22.00M $551.9M $557.1M
YoY Change -83.52% -0.93% 160.81%
INVESTING ACTIVITIES
Capital Expenditures -$55.70M -$54.40M -$42.90M
YoY Change 18.51% 26.81% -7.74%
Acquisitions
YoY Change
Other Investing Activities -$192.1M $6.800M $156.5M
YoY Change -10210.53% -95.65% -1096.82%
Cash From Investing Activities -$247.8M -$47.60M $113.6M
YoY Change 449.45% -141.9% -282.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -209.7M -121.5M -74.90M
YoY Change -72.99% 62.22% -136.39%
NET CHANGE
Cash From Operating Activities 22.00M 551.9M 557.1M
Cash From Investing Activities -247.8M -47.60M 113.6M
Cash From Financing Activities -209.7M -121.5M -74.90M
Net Change In Cash -435.5M 382.8M 595.8M
YoY Change -36.7% -35.75% 66.8%
FREE CASH FLOW
Cash From Operating Activities $22.00M $551.9M $557.1M
Capital Expenditures -$55.70M -$54.40M -$42.90M
Free Cash Flow $77.70M $606.3M $600.0M
YoY Change -56.95% 1.05% 130.68%

Facts In Submission

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trow Subscription From Redemption Distribution To Noncontrolling Interest
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
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CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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NetIncomeLoss
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
248200000 shares

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