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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 1,523.1 $ 2,151.7
Accounts receivable and accrued revenue 1,058.3 863.1
Investments 2,975.5 3,250.8
Assets of consolidated T. Rowe Price investment products ($1,761.5 million at December 31, 2021 and $2,497.4 million at December 31, 2020, related to variable interest entities) 1,962.8 2,695.5
Operating lease assets 201.2 117.6
Property, equipment and software, net 736.2 695.4
Intangible assets 913.4 0.0
Goodwill 2,693.2 665.7
Other assets 445.3 219.2
Total assets 12,509.0 10,659.0
LIABILITIES    
Accounts payable and accrued expenses 431.0 187.7
Liabilities of consolidated T. Rowe Price investment products ($36.2 million at December 31, 2021 and $47.7 million at December 31, 2020, related to variable interest entities) 51.5 57.7
Operating lease liabilities 249.2 154.1
Accrued compensation and related costs 256.8 133.6
Supplemental savings plan liability 882.6 772.2
Contingent consideration liability 306.3 0.0
Income taxes payable 77.9 85.0
Total liabilities 2,255.3 1,390.3
Commitments and contingent liabilities
Redeemable non-controlling interests 982.3 1,561.7
STOCKHOLDERS’ EQUITY    
Preferred stock, undesignated, $.20 par value—authorized and unissued 20,000,000 shares 0.0 0.0
Common stock, $.20 par value—authorized 750,000,000; issued 229,175,000 shares at December 31, 2021 and 227,965,000 at December 31, 2020 45.8 45.6
Additional capital in excess of par value 919.8 654.6
Retained earnings 8,083.6 7,029.8
Accumulated other comprehensive loss (26.5) (23.0)
Total stockholders' equity attributable to T. Rowe Price Group, Inc. 9,022.7 7,707.0
Non-controlling interests in consolidated entities 248.7 0.0
Total permanent stockholders' equity 9,271.4 7,707.0
Total liabilities, redeemable non-controlling interests and permanent stockholders’ equity $ 12,509.0 $ 10,659.0