XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net revenues $ 1,513.0 $ 1,929.3 $ 3,376.0 $ 3,756.1
Operating expenses        
Compensation and related costs 463.4 603.8 1,045.0 1,187.3
Distribution and servicing 75.7 92.7 161.6 178.3
Advertising and promotion 21.4 20.4 44.8 39.3
Product and recordkeeping related costs 76.3 43.3 156.7 84.3
Technology, occupancy, and facility costs 134.3 119.3 268.2 236.6
General, administrative, and other 73.3 91.7 153.7 179.0
Total operating expenses 844.4 971.2 1,830.0 1,904.8
Net operating income 668.6 958.1 1,546.0 1,851.3
Non-operating income (loss)        
Net gains (losses) on investments (169.9) 87.7 (259.8) 156.3
Net gains (losses) on consolidated investment products (104.6) 55.5 (206.0) 92.7
Other income (loss) (5.4) 0.7 (12.6) (3.0)
Total non-operating income (loss) (279.9) 143.9 (478.4) 246.0
Income before income taxes 388.7 1,102.0 1,067.6 2,097.3
Provision for income taxes 100.9 259.3 265.4 489.8
Net income 287.8 842.7 802.2 1,607.5
Less: net income (loss) attributable to redeemable non-controlling interests (51.8) 27.0 (105.3) 42.4
Net income attributable to T. Rowe Price Group $ 339.6 $ 815.7 $ 907.5 $ 1,565.1
Earnings per share on common stock of T. Rowe Price Group        
Basic (in dollars per share) $ 1.47 $ 3.50 $ 3.90 $ 6.70
Diluted (in dollars per share) $ 1.46 $ 3.46 $ 3.88 $ 6.63
Investment advisory fees        
Revenues        
Net revenues $ 1,496.7 $ 1,787.2 $ 3,158.8 $ 3,475.0
Capital allocation-based income        
Revenues        
Net revenues (126.3) 0.0 (81.9) 0.0
Administrative, distribution, and servicing fees        
Revenues        
Net revenues $ 142.6 $ 142.1 $ 299.1 $ 281.1