CONSOLIDATED T. ROWE PRICE INVESTMENT PRODUCTS. (Tables)

12 Months Ended

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)