CONSOLIDATED T. ROWE PRICE INVESTMENT PRODUCTS (Tables)

12 Months Ended

Dec. 31, 2021

Consolidated Sponsored Investment Portfolios [Abstract]

Schedule of 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:


	2021						2020
(in millions)	VOE		VIE		Total		VOE		VIE		Total
Cash and cash equivalents(1)	$	7.3	$	93.8	$	101.1	$	7.1	$	97.7	$	104.8
Investments(2)	188.9		1,645.0		1,833.9		188.2		2,372.7		2,560.9
Other assets	5.1		22.7		27.8		2.8		27.0		29.8
Total assets	201.3		1,761.5		1,962.8		198.1		2,497.4		2,695.5
Liabilities	15.3		36.2		51.5		10.0		47.7		57.7
Net assets	$	186.0	$	1,725.3	$	1,911.3	$	188.1	$	2,449.7	$	2,637.8

Attributable to T. Rowe Price Group	$	125.3	$	803.7	$	929.0	$	130.7	$	945.4	$	1,076.1
Attributable to redeemable non-controlling interests	60.7		921.6		982.3		57.4		1,504.3		1,561.7
	$	186.0	$	1,725.3	$	1,911.3	$	188.1	$	2,449.7	$	2,637.8

(1) Cash and cash equivalents includes $6.5 million and $7.0 million at December 31, 2021 and 2020, respectively, of investments in

T. Rowe Price money market mutual funds.

(2) Investments include $42.5 million and $26.9 million at December 31, 2021 and 2020, respectively, of T. Rowe Price investment products.

Schedule of 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:


	2021						2020						2019
(in millions)	VOE		VIE		Total		VOE		VIE		Total		VOE		VIE		Total
Operating expenses reflected in net operating income	$	(.6)	$	(11.6)	$	(12.2)	$	(1.6)	$	(14.8)	$	(16.4)	$	(2.2)	$	(12.5)	$	(14.7)
Net gains (losses) reflected in non-operating income	18.0		56.7		74.7		13.2		238.5		251.7		31.0		241.9		272.9
Impact on income before taxes	$	17.4	$	45.1	$	62.5	$	11.6	$	223.7	$	235.3	$	28.8	$	229.4	$	258.2

Net income (loss) attributable to T. Rowe Price Group	$	11.4	$	35.5	$	46.9	$	11.6	$	73.1	$	84.7	$	21.3	$	119.3	$	140.6
Net income (loss) attributable to redeemable non-controlling interests	6.0		9.6		15.6		—		150.6		150.6		7.5		110.1		117.6
	$	17.4	$	45.1	$	62.5	$	11.6	$	223.7	$	235.3	$	28.8	$	229.4	$	258.2

Schedule of 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.


	2021						2020						2019
(in millions)	VOE		VIE		Total		VOE		VIE		Total		VOE		VIE		Total
Net cash provided by operating activities	$	(135.3)	$	160.8	$	25.5	$	(155.4)	$	(401.3)	$	(556.7)	$	(7.2)	$	(663.6)	$	(670.8)
Net cash provided by (used in) investing activities	(11.9)		(5.0)		(16.9)		(23.4)		(30.5)		(53.9)		(7.1)		(11.3)		(18.4)
Net cash used in financing activities	147.4		(162.3)		(14.9)		176.0		461.0		637.0		5.7		692.4		698.1
FX impact on cash	—		2.6		2.6		—		1.9		1.9		—		(2.5)		(2.5)
Net change in cash and cash equivalents during period	.2		(3.9)		(3.7)		(2.8)		31.1		28.3		(8.6)		15.0		6.4
Cash and cash equivalents at beginning of year	7.1		97.7		104.8		9.9		66.6		76.5		18.5		51.6		70.1
Cash and cash equivalents at end of year	$	7.3	$	93.8	$	101.1	$	7.1	$	97.7	$	104.8	$	9.9	$	66.6	$	76.5

Schedule of 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.


	2021				2020
(in millions)	Level 1		Level 2		Level 1		Level 2
Assets
Cash equivalents	$	6.5	$	.7	$	7.0	$	—
Equity securities	247.8		340.3		308.0		708.0
Fixed income securities	—		1,187.4		—		1,411.3
Other investments	5.7		52.7		2.6		131.0
	$	260.0	$	1,581.1	$	317.6	$	2,250.3

Liabilities	$	(.7)	$	(9.7)	$	(.4)	$	(18.8)