$TROW
PRICE T ROWE GROUP INC

2022 Q4 Form 10-Q Financial Statement

#000111316922000025 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.524B $1.588B
YoY Change -22.3% -18.72%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.037B $923.6M
YoY Change 1.89% 4.06%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.70M $108.5M
YoY Change 11.17% 109.86%
% of Gross Profit
Operating Expenses $1.105B $1.014B
YoY Change 0.48% 5.81%
Operating Profit $574.6M
YoY Change -42.32%
Interest Expense $140.8M -$83.20M
YoY Change 181.6% 890.48%
% of Operating Profit -14.48%
Other Income/Expense, Net -$5.100M -$82.80M
YoY Change -1800.0% 620.0%
Pretax Income $388.8M $491.8M
YoY Change -57.4% -50.06%
Income Tax $99.20M $134.0M
% Of Pretax Income 25.51% 27.25%
Net Earnings $259.5M $384.4M
YoY Change -64.96% -50.54%
Net Earnings / Revenue 17.03% 24.2%
Basic Earnings Per Share $1.67
Diluted Earnings Per Share $1.155M $1.66
COMMON SHARES
Basic Shares Outstanding 223.5M shares 225.7M shares
Diluted Shares Outstanding 226.3M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.756B $2.366B
YoY Change 15.26% -30.78%
Cash & Equivalents $1.756B $2.366B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $748.7M $741.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.504B $3.108B
YoY Change -2.99% -28.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.035B $752.8M
YoY Change 40.6% 4.69%
Goodwill $2.643B $2.652B
YoY Change -1.87% 298.44%
Intangibles $629.8M $832.0M
YoY Change -31.05%
Long-Term Investments $4.143B $3.765B
YoY Change -16.11% -29.73%
Other Assets
YoY Change
Total Long-Term Assets $9.139B $8.886B
YoY Change -7.94% 25.31%
TOTAL ASSETS
Total Short-Term Assets $2.504B $3.108B
Total Long-Term Assets $9.139B $8.886B
Total Assets $11.64B $11.99B
YoY Change -6.92% 4.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $406.7M $382.8M
YoY Change -5.64% 23.56%
Accrued Expenses $557.6M $1.021B
YoY Change 10.2% 21.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.010B $1.442B
YoY Change -0.45% 19.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.956B $855.7M
YoY Change 57.72% -4.06%
Total Long-Term Liabilities $1.956B $855.7M
YoY Change 57.72% -4.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.010B $1.442B
Total Long-Term Liabilities $1.956B $855.7M
Total Liabilities $2.804B $2.298B
YoY Change 24.32% 9.32%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $482.8M $544.1M
YoY Change -50.0% -22.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.840B $8.908B
YoY Change
Total Liabilities & Shareholders Equity $11.64B $11.99B
YoY Change -6.92% 4.74%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $259.5M $384.4M
YoY Change -64.96% -50.54%
Depreciation, Depletion And Amortization $59.70M $108.5M
YoY Change 11.17% 109.86%
Cash From Operating Activities -$135.2M $767.6M
YoY Change -137.42% -40.44%
INVESTING ACTIVITIES
Capital Expenditures $60.40M -$54.40M
YoY Change -200.0% -4.39%
Acquisitions
YoY Change
Other Investing Activities $88.40M $10.60M
YoY Change -108.07% -90.26%
Cash From Investing Activities $28.00M -$43.80M
YoY Change -102.42% -184.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -460.2M -485.7M
YoY Change -58.08% -65.27%
NET CHANGE
Cash From Operating Activities -135.2M 767.6M
Cash From Investing Activities 28.00M -43.80M
Cash From Financing Activities -460.2M -485.7M
Net Change In Cash -567.4M 238.1M
YoY Change -70.01% -511.94%
FREE CASH FLOW
Cash From Operating Activities -$135.2M $767.6M
Capital Expenditures $60.40M -$54.40M
Free Cash Flow -$195.6M $822.0M
YoY Change -146.38% -38.91%

Facts In Submission

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dei Document Fiscal Year Focus
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dei Entity Registrant Name
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PRICE T ROWE GROUP INC
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dei Security12b Title
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Use Of Estimates
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These principles require the use of estimates and reflect all adjustments that are, in the opinion of management, necessary for a fair statement of our results for the interim periods presented. All such adjustments are of a normal recurring nature. Actual results may vary from our estimates.
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CY2021Q3 us-gaap Assets Under Management Average Balance
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us-gaap Assets Under Management Average Balance
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us-gaap Assets Under Management Average Balance
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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trow Sharebased Compensation Arrangement By Sharebased Payment Award Nonvested Dividend Equivalents Granted To Non Employee Directors Weighted Average Grant Date Fair Value
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us-gaap Net Income Loss
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CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
384400000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
777200000 usd
us-gaap Net Income Loss
NetIncomeLoss
1291900000 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
9200000 usd
CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
19500000 usd
CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
19500000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
29600000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
29600000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
61600000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
61600000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
375200000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
375200000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
757700000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
757700000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1262300000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1262300000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2280700000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2280700000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
225300000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
227200000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
226300000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229400000 shares
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-19100000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-12200000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-44600000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-20200000 usd

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