XML 51 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

CONSOLIDATED T. ROWE PRICE INVESTMENT PRODUCTS. (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Consolidated Sponsored Investment Portfolios [Abstract] |
Net assets of consolidated sponsored investment portfolios | The following table details the net assets of the consolidated T. Rowe Price investment products:
| 3/31/2020 |  | 12/31/2019
(in millions) | Voting interest entities |  | Variable interest entities |  | Total |  | Voting interest entities |  | Variable interest entities |  | Total
Cash and cash equivalents(1) | $ | 23.1 |  |  | $ | 94.6 |  |  | $ | 117.7 |  |  | $ | 9.9 |  |  | $ | 66.6 |  |  | $ | 76.5 |
Investments(2) | 197.3 |  |  | 1,641.3 |  |  | 1,838.6 |  |  | 281.1 |  |  | 1,891.3 |  |  | 2,172.4 |
Other assets | 8.1 |  |  | 59.9 |  |  | 68.0 |  |  | 10.6 |  |  | 17.4 |  |  | 28.0 |
Total assets | 228.5 |  |  | 1,795.8 |  |  | 2,024.3 |  |  | 301.6 |  |  | 1,975.3 |  |  | 2,276.9 |
Liabilities | 10.9 |  |  | 72.0 |  |  | 82.9 |  |  | 12.2 |  |  | 27.0 |  |  | 39.2 |
Net assets | $ | 217.6 |  |  | $ | 1,723.8 |  |  | $ | 1,941.4 |  |  | $ | 289.4 |  |  | $ | 1,948.3 |  |  | $ | 2,237.7 |
Attributable to T. Rowe Price Group | $ | 155.0 |  |  | $ | 815.4 |  |  | $ | 970.4 |  |  | $ | 199.6 |  |  | $ | 917.1 |  |  | $ | 1,116.7 |
Attributable to redeemable non-controlling interests | 62.6 |  |  | 908.4 |  |  | 971.0 |  |  | 89.8 |  |  | 1,031.2 |  |  | 1,121.0 |
| $ | 217.6 |  |  | $ | 1,723.8 |  |  | $ | 1,941.4 |  |  | $ | 289.4 |  |  | $ | 1,948.3 |  |  | $ | 2,237.7 |
(1) Cash and cash equivalents includes $22.5 million and $9.1 million at March 31, 2020, and December 31, 2019, respectively, of T. Rowe Price money market mutual funds. (2) Investments includes $35.3 million and $40.2 million at March 31, 2020, and December 31, 2019, respectively, of T. Rowe Price investment products.
Operating results of consolidated sponsored investment portfolios | The operating results of the consolidated T. Rowe Price investment products for the three months ended March 31, 2020 and 2019, are reflected in our unaudited condensed consolidated statements of income as follows:
| Three months ended
| 3/31/2020 |  | 3/31/2019
(in millions) | Voting interest entities |  | Variable interest entities |  | Total |  | Voting interest entities |  | Variable interest entities |  | Total
Operating expenses reflected in net operating income | $ | (.2 | ) |  | $ | (3.5 | ) |  | $ | (3.7 | ) |  | $ | (.3 | ) |  | $ | (2.8 | ) |  | $ | (3.1 | )
Net investment income (loss) reflected in non-operating income (loss) | (35.2 | ) |  | (295.1 | ) |  | (330.3 | ) |  | 8.0 |  |  | 93.9 |  |  | 101.9 |
Impact on income before taxes | $ | (35.4 | ) |  | $ | (298.6 | ) |  | $ | (334.0 | ) |  | $ | 7.7 |  |  | $ | 91.1 |  |  | $ | 98.8 |
Net income (loss) attributable to T. Rowe Price Group | $ | (22.6 | ) |  | $ | (134.9 | ) |  | $ | (157.5 | ) |  | $ | 8.7 |  |  | $ | 48.7 |  |  | $ | 57.4 |
Net income (loss) attributable to redeemable non-controlling interests | (12.8 | ) |  | (163.7 | ) |  | (176.5 | ) |  | (1.0 | ) |  | 42.4 |  |  | 41.4 |
| $ | (35.4 | ) |  | $ | (298.6 | ) |  | $ | (334.0 | ) |  | $ | 7.7 |  |  | $ | 91.1 |  |  | $ | 98.8 |
Cash flows of consolidated sponsored investment portfolios | The table below details the impact of these consolidated investment products on the individual lines of our unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2020 and 2019.
| Three months ended
| 3/31/2020 |  | 3/31/2019
(in millions) | Voting interest entities |  | Variable interest entities |  | Total |  | Voting interest entities |  | Variable interest entities |  | Total
Net cash provided by operating activities | $ | 11.3 |  |  | $ | (87.0 | ) |  | $ | (75.7 | ) |  | $ | (28.7 | ) |  | $ | (65.0 | ) |  | $ | (93.7 | )
Net cash provided by (used in) investing activities | (.8 | ) |  | — |  |  | (.8 | ) |  | (5.1 | ) |  | 1.7 |  |  | (3.4 | )
Net cash used in financing activities | 2.7 |  |  | 116.2 |  |  | 118.9 |  |  | 31.6 |  |  | 72.2 |  |  | 103.8 |
Effect of exchange rate changes on cash and cash equivalents of consolidated T. Rowe Price investment products | — |  |  | (1.2 | ) |  | (1.2 | ) |  | — |  |  | (.7 | ) |  | (.7 | )
Net change in cash and cash equivalents during period | 13.2 |  |  | 28.0 |  |  | 41.2 |  |  | (2.2 | ) |  | 8.2 |  |  | 6.0 |
Cash and cash equivalents at beginning of year | 9.9 |  |  | 66.6 |  |  | 76.5 |  |  | 18.5 |  |  | 51.6 |  |  | 70.1 |
Cash and cash equivalents at end of period | $ | 23.1 |  |  | $ | 94.6 |  |  | $ | 117.7 |  |  | $ | 16.3 |  |  | $ | 59.8 |  |  | $ | 76.1 |
Fair values of investments held by consolidated sponsored investment portfolios | The following table summarizes the investment holdings held by our consolidated T. Rowe Price investment products using fair value measurements determined based on the differing levels of inputs.
| 3/31/2020 |  | 12/31/2019
(in millions) | Level 1 |  | Level 2 |  | Level 1 |  | Level 2
Assets |  |  |  |  |  |  |
Cash equivalents | $ | 22.5 |  |  | $ | — |  |  | $ | 9.1 |  |  | $ | 1.1 |
Equity securities | 149.9 |  |  | 548.3 |  |  | 162.8 |  |  | 724.5 |
Fixed income securities | — |  |  | 1,097.9 |  |  | — |  |  | 1,248.6 |
Other investments | 3.3 |  |  | 39.2 |  |  | 2.7 |  |  | 33.8 |
| $ | 175.7 |  |  | $ | 1,685.4 |  |  | $ | 174.6 |  |  | $ | 2,008.0 |
Liabilities | $ | (2.3 | ) |  | $ | (31.9 | ) |  | $ | (.4 | ) |  | $ | (11.2 | )

X
- Definition Consolidated Sponsored Investment Portfolios [Abstract] + References No definition available. + Details
Name: | trow_ConsolidatedSponsoredInvestmentPortfoliosAbstract
Namespace Prefix: | trow_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet for consolidated sponsored investment portfolios. + References No definition available. + Details
Name: | trow_ConsolidatedSponsoredInvestmentPortfoliosCondensedBalanceSheetTableTextBlock
Namespace Prefix: | trow_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement of consolidated sponsored investment portfolios. + References No definition available. + Details
Name: | trow_ConsolidatedSponsoredInvestmentPortfoliosCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | trow_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement for consolidated sponsored investment portfolios. + References No definition available. + Details
Name: | trow_ConsolidatedSponsoredInvestmentPortfoliosCondensedIncomeStatementTableTextBlock
Namespace Prefix: | trow_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities of consolidated sponsored investment portfolios that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References No definition available. + Details
Name: | trow_ScheduleofFairValueAssetsandLiabilitiesMeasuredonRecurringBasisforConsolidatedSponsoredInvestmentPortfoliosTableTextBlock
Namespace Prefix: | trow_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration