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CONSOLIDATED T. ROWE PRICE INVESTMENT PRODUCTS. (Tables) | 12 Months Ended
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Dec. 31, 2020
Consolidated Sponsored Investment Portfolios [Abstract] |
Net assets of consolidated T. Rowe Price investment portfolios | The following table details the net assets of the consolidated T. Rowe Price investment products at December 31:
| 2020 |  | 2019
(in millions) | VOE |  | VIE |  | Total |  | VOE |  | VIE |  | Total
Cash and cash equivalents(1) | $ | 7.1 |  |  | $ | 97.7 |  |  | $ | 104.8 |  |  | $ | 9.9 |  |  | $ | 66.6 |  |  | $ | 76.5 |
Investments(2) | 188.2 |  |  | 2,372.7 |  |  | 2,560.9 |  |  | 281.1 |  |  | 1,891.3 |  |  | 2,172.4 |
Other assets | 2.8 |  |  | 27.0 |  |  | 29.8 |  |  | 10.6 |  |  | 17.4 |  |  | 28.0 |
Total assets | 198.1 |  |  | 2,497.4 |  |  | 2,695.5 |  |  | 301.6 |  |  | 1,975.3 |  |  | 2,276.9 |
Liabilities | 10.0 |  |  | 47.7 |  |  | 57.7 |  |  | 12.2 |  |  | 27.0 |  |  | 39.2 |
Net assets | $ | 188.1 |  |  | $ | 2,449.7 |  |  | $ | 2,637.8 |  |  | $ | 289.4 |  |  | $ | 1,948.3 |  |  | $ | 2,237.7 |
Attributable to T. Rowe Price Group | $ | 130.7 |  |  | $ | 945.4 |  |  | $ | 1,076.1 |  |  | $ | 199.6 |  |  | $ | 917.1 |  |  | $ | 1,116.7 |
Attributable to redeemable non-controlling interests | 57.4 |  |  | 1,504.3 |  |  | 1,561.7 |  |  | 89.8 |  |  | 1,031.2 |  |  | 1,121.0 |
| $ | 188.1 |  |  | $ | 2,449.7 |  |  | $ | 2,637.8 |  |  | $ | 289.4 |  |  | $ | 1,948.3 |  |  | $ | 2,237.7 |
(1) Cash and cash equivalents includes $7.0 million and $9.1 million at December 31, 2020 and 2019, respectively, of investments in T. Rowe Price money market mutual funds. (2) Investments include $26.9 million and $40.2 million at December 31, 2020 and 2019, respectively, of T. Rowe Price investment products.
Operating results of consolidated T. Rowe Price investment portfolios | The operating results of the consolidated T. Rowe Price investment products, are reflected in our consolidated statements of income for the year ended December 31 as follows:
| 2020 |  | 2019 |  | 2018
(in millions) | VOE |  | VIE |  | Total |  | VOE |  | VIE |  | Total |  | VOE |  | VIE |  | Total
Operating expenses reflected in net operating income | $ | (1.6) |  |  | $ | (14.8) |  |  | $ | (16.4) |  |  | $ | (2.2) |  |  | $ | (12.5) |  |  | $ | (14.7) |  |  | $ | (1.9) |  |  | $ | (10.8) |  |  | $ | (12.7) |
Net gains (losses) reflected in non-operating income | 13.2 |  |  | 238.5 |  |  | 251.7 |  |  | 31.0 |  |  | 241.9 |  |  | 272.9 |  |  | (16.7) |  |  | (76.2) |  |  | (92.9) |
Impact on income before taxes | $ | 11.6 |  |  | $ | 223.7 |  |  | $ | 235.3 |  |  | $ | 28.8 |  |  | $ | 229.4 |  |  | $ | 258.2 |  |  | $ | (18.6) |  |  | $ | (87.0) |  |  | $ | (105.6) |
Net income (loss) attributable to T. Rowe Price Group | $ | 11.6 |  |  | $ | 73.1 |  |  | $ | 84.7 |  |  | $ | 21.3 |  |  | $ | 119.3 |  |  | $ | 140.6 |  |  | $ | (6.3) |  |  | $ | (30.5) |  |  | $ | (36.8) |
Net income (loss) attributable to redeemable non-controlling interests | — |  |  | 150.6 |  |  | 150.6 |  |  | 7.5 |  |  | 110.1 |  |  | 117.6 |  |  | (12.3) |  |  | (56.5) |  |  | (68.8) |
| $ | 11.6 |  |  | $ | 223.7 |  |  | $ | 235.3 |  |  | $ | 28.8 |  |  | $ | 229.4 |  |  | $ | 258.2 |  |  | $ | (18.6) |  |  | $ | (87.0) |  |  | $ | (105.6) |
Cash flows of consolidated T. Rowe Price investment portfolios | The following table details the impact of these consolidated investment products on the individual lines of our consolidated statements of cash flows.
| 2020 |  | 2019 |  | 2018
(in millions) | VOE |  | VIE |  | Total |  | VOE |  | VIE |  | Total |  | VOE |  | VIE |  | Total
Net cash provided by operating activities | $ | (155.4) |  |  | $ | (401.3) |  |  | $ | (556.7) |  |  | $ | (7.2) |  |  | $ | (663.6) |  |  | $ | (670.8) |  |  | $ | (43.9) |  |  | $ | (505.2) |  |  | $ | (549.1) |
Net cash provided by (used in) investing activities | (23.4) |  |  | (30.5) |  |  | (53.9) |  |  | (7.1) |  |  | (11.3) |  |  | (18.4) |  |  | (.8) |  |  | (23.0) |  |  | (23.8) |
Net cash used in financing activities | 176.0 |  |  | 461.0 |  |  | 637.0 |  |  | 5.7 |  |  | 692.4 |  |  | 698.1 |  |  | 56.1 |  |  | 499.2 |  |  | 555.3 |
FX impact on cash | — |  |  | 1.9 |  |  | 1.9 |  |  | — |  |  | (2.5) |  |  | (2.5) |  |  | — |  |  | (15.4) |  |  | (15.4) |
Net change in cash and cash equivalents during period | (2.8) |  |  | 31.1 |  |  | 28.3 |  |  | (8.6) |  |  | 15.0 |  |  | 6.4 |  |  | 11.4 |  |  | (44.4) |  |  | (33.0) |
Cash and cash equivalents at beginning of year | 9.9 |  |  | 66.6 |  |  | 76.5 |  |  | 18.5 |  |  | 51.6 |  |  | 70.1 |  |  | 7.1 |  |  | 96.0 |  |  | 103.1 |
Cash and cash equivalents at end of year | $ | 7.1 |  |  | $ | 97.7 |  |  | $ | 104.8 |  |  | $ | 9.9 |  |  | $ | 66.6 |  |  | $ | 76.5 |  |  | $ | 18.5 |  |  | $ | 51.6 |  |  | $ | 70.1 |
Fair values of investments held by consolidated T. Rowe Price 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 as of December 31.
| 2020 |  | 2019
(in millions) | Level 1 |  | Level 2 |  | Level 1 |  | Level 2
Assets |  |  |  |  |  |  |
Cash equivalents | $ | 7.0 |  |  | $ | — |  |  | $ | 9.1 |  |  | $ | 1.1 |
Equity securities | 308.0 |  |  | 708.0 |  |  | 162.8 |  |  | 724.5 |
Fixed income securities | — |  |  | 1,411.3 |  |  | — |  |  | 1,248.6 |
Other investments | 2.6 |  |  | 131.0 |  |  | 2.7 |  |  | 33.8 |
| $ | 317.6 |  |  | $ | 2,250.3 |  |  | $ | 174.6 |  |  | $ | 2,008.0 |
Liabilities | $ | (.4) |  |  | $ | (18.8) |  |  | $ | (.4) |  |  | $ | (11.2) |

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- 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
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