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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 2,094.1 $ 1,755.6
Accounts receivable and accrued revenue 730.4 748.7
Investments 2,606.2 2,539.2
Assets of consolidated sponsored investment products ($1,588.8 million at March 31, 2023 and $1,375.6 million at December 31, 2022, related to variable interest entities) 1,820.9 1,603.4
Operating lease assets 268.5 279.4
Property, equipment and software, net 762.2 755.7
Intangible assets, net 603.8 629.8
Goodwill 2,642.8 2,642.8
Other assets 627.7 688.7
Total assets 12,156.6 11,643.3
LIABILITIES    
Accounts payable and accrued expenses 359.9 406.7
Liabilities of consolidated sponsored investment products ($66.0 million at March 31, 2023 and $39.1 million at December 31, 2022, related to variable interest entities) 111.4 89.1
Operating lease liabilities 323.9 329.6
Accrued compensation and related costs 306.1 228.0
Supplemental savings plan liability 785.6 761.2
Contingent consideration liability 46.2 95.8
Income taxes payable 149.6 46.0
Total liabilities 2,082.7 1,956.4
Commitments and contingent liabilities
Redeemable non-controlling interests 834.1 656.7
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 224,527,000 shares at March 31, 2023 and 224,310,000 at December 31, 2022 44.9 44.9
Additional capital in excess of par value 501.8 437.9
Retained earnings 8,550.4 8,409.7
Accumulated other comprehensive loss (51.7) (53.0)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc. 9,045.4 8,839.5
Non-controlling interests in consolidated entities 194.4 190.7
Total stockholders’ equity 9,239.8 9,030.2
Total liabilities, redeemable non-controlling interests, and stockholders’ equity $ 12,156.6 $ 11,643.3