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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 1,997.5 $ 1,523.1
Accounts receivable and accrued revenue 919.5 1,058.3
Investments 2,879.3 2,975.5
Assets of consolidated T. Rowe Price investment products ($1,501.0 million at March 31, 2022 and $1,761.5 million at December 31, 2021, related to variable interest entities) 1,658.2 1,962.8
Operating lease assets 164.5 201.2
Property, equipment and software, net 736.3 736.2
Intangible assets, net 886.3 913.4
Goodwill 2,643.9 2,693.2
Other assets 462.5 445.3
Total assets 12,348.0 12,509.0
LIABILITIES    
Accounts payable and accrued expenses 417.3 431.0
Liabilities of consolidated T. Rowe Price investment products ($44.2 million at March 31, 2022 and $36.2 million at December 31, 2021, related to variable interest entities) 55.9 51.5
Operating lease liabilities 211.8 249.2
Accrued compensation and related costs 293.6 256.8
Supplemental savings plan liability 826.3 882.6
Contingent consideration liability 211.5 306.3
Income taxes payable 214.6 77.9
Total liabilities 2,231.0 2,255.3
Commitments and contingent liabilities
Redeemable non-controlling interests 790.4 982.3
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 227,283,000 shares at March 31, 2022 and 229,175,000 at December 31, 2021 45.5 45.8
Additional capital in excess of par value 668.2 919.8
Retained earnings 8,372.2 8,083.6
Accumulated other comprehensive loss (31.5) (26.5)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc. 9,054.4 9,022.7
Non-controlling interests in consolidated entities 272.2 248.7
Total permanent stockholders’ equity 9,326.6 9,271.4
Total liabilities, redeemable non-controlling interests, and permanent stockholders’ equity $ 12,348.0 $ 12,509.0