2020 Q2 Form 10-Q Financial Statement

#000111316920000031 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $1.415B $1.395B $1.327B
YoY Change 1.45% 3.73% -0.05%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $822.1M $746.7M $750.6M
YoY Change 10.1% 4.7% 6.91%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.20M $44.10M $41.90M
YoY Change 9.3% 16.67% 13.55%
% of Gross Profit
Operating Expenses $861.7M $780.1M $794.8M
YoY Change 10.46% 3.97% 6.8%
Operating Profit $553.7M $615.1M $532.5M
YoY Change -9.98% 3.43% -8.79%
Interest Expense $413.1M $124.5M $201.9M
YoY Change 231.81% 241.1% 1228.29%
% of Operating Profit 74.61% 20.24% 37.92%
Other Income/Expense, Net $415.1M $124.5M $202.8M
YoY Change 233.41% 265.1% 1159.63%
Pretax Income $968.8M $739.6M $735.3M
YoY Change 30.99% 17.62% 22.57%
Income Tax $240.3M $183.7M $181.3M
% Of Pretax Income 24.8% 24.84% 24.66%
Net Earnings $603.0M $527.5M $512.6M
YoY Change 14.31% 17.51% 12.98%
Net Earnings / Revenue 42.6% 37.81% 38.62%
Basic Earnings Per Share $2.58 $2.18 $2.11
Diluted Earnings Per Share $2.55 $2.15 $2.09
COMMON SHARES
Basic Shares Outstanding 227.4M shares 235.9M shares 236.6M shares
Diluted Shares Outstanding 229.5M shares 239.2M shares 239.6M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.058B $1.802B $1.657B
YoY Change 14.21% 21.43% -1.43%
Cash & Equivalents $2.058B $1.802B $1.657B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $656.0M $620.0M $605.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.714B $2.422B $2.262B
YoY Change 12.06% 18.26% -0.57%
LONG-TERM ASSETS
Property, Plant & Equipment $685.4M $672.0M $667.2M
YoY Change 1.99% 2.56% 2.61%
Goodwill $665.7M $665.7M $665.7M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $5.062B $4.779B $4.483B
YoY Change 5.92% 10.7% 24.32%
Other Assets
YoY Change
Total Long-Term Assets $6.763B $6.490B $6.197B
YoY Change 4.21% 11.25% 21.52%
TOTAL ASSETS
Total Short-Term Assets $2.714B $2.422B $2.262B
Total Long-Term Assets $6.763B $6.490B $6.197B
Total Assets $9.477B $8.912B $8.459B
YoY Change 6.34% 13.07% 14.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $194.0M $193.0M $210.0M
YoY Change 0.52% -12.27% -12.86%
Accrued Expenses $551.0M $529.0M $359.0M
YoY Change 4.16% 51.14% 91.98%
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 $1.004B $774.0M $767.0M
YoY Change 29.72% 23.64% 30.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $632.0M $547.0M $495.0M
YoY Change 15.54% 36.07% 46.45%
Total Long-Term Liabilities $632.0M $547.0M $495.0M
YoY Change 15.54% 36.07% 46.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.004B $774.0M $767.0M
Total Long-Term Liabilities $632.0M $547.0M $495.0M
Total Liabilities $1.637B $1.321B $1.261B
YoY Change 23.89% 28.44% 36.21%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $700.0M $701.7M $701.8M
YoY Change -0.24% -0.21% -0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.751B $6.579B $6.311B
YoY Change
Total Liabilities & Shareholders Equity $9.477B $8.912B $8.459B
YoY Change 6.34% 13.07% 14.71%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $603.0M $527.5M $512.6M
YoY Change 14.31% 17.51% 12.98%
Depreciation, Depletion And Amortization $48.20M $44.10M $41.90M
YoY Change 9.3% 16.67% 13.55%
Cash From Operating Activities $853.0M $370.1M $578.7M
YoY Change 130.48% -9.36% 11.07%
INVESTING ACTIVITIES
Capital Expenditures -$59.30M -$46.80M $47.70M
YoY Change 26.71% 11.69% 29.97%
Acquisitions
YoY Change
Other Investing Activities $34.10M $51.50M $600.0K
YoY Change -33.79% -113.47% -133.33%
Cash From Investing Activities -$25.20M $4.700M -$33.80M
YoY Change -636.17% -101.11% -93.5%
FINANCING ACTIVITIES
Cash Dividend Paid $184.6M
YoY Change 5.61%
Common Stock Issuance & Retirement, Net $231.0M
YoY Change -20.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -318.8M -195.5M -$306.0M
YoY Change 63.07% 33.81% 26.39%
NET CHANGE
Cash From Operating Activities 853.0M 370.1M $578.7M
Cash From Investing Activities -25.20M 4.700M -$33.80M
Cash From Financing Activities -318.8M -195.5M -$306.0M
Net Change In Cash 509.0M 179.3M $238.2M
YoY Change 183.88% -210.68% -199.42%
FREE CASH FLOW
Cash From Operating Activities $853.0M $370.1M $578.7M
Capital Expenditures -$59.30M -$46.80M $47.70M
Free Cash Flow $912.3M $416.9M $531.0M
YoY Change 118.83% -7.4% 9.64%

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trow-20200630_cal.xml Edgar Link unprocessable
trow-20200630_def.xml Edgar Link unprocessable
trow-20200630_lab.xml Edgar Link unprocessable
trow-20200630_pre.xml Edgar Link unprocessable
trow-ex15q22020x10q.htm Edgar Link pending
trow-ex31i1q22020.htm Edgar Link pending
trow-ex31i2q22020.htm Edgar Link pending
trow-ex32q22020.htm Edgar Link pending