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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 2,249.7 $ 1,755.6
Accounts receivable and accrued revenue 761.4 748.7
Investments 2,718.4 2,539.2
Assets of consolidated sponsored investment products ($1,707.3 million at June 30, 2023 and $1,375.6 million at December 31, 2022, related to variable interest entities) 1,946.1 1,603.4
Operating lease assets 261.6 279.4
Property, equipment and software, net 771.2 755.7
Intangible assets, net 577.4 629.8
Goodwill 2,642.8 2,642.8
Other assets 692.8 688.7
Total assets 12,621.4 11,643.3
LIABILITIES    
Accounts payable and accrued expenses 381.3 406.7
Liabilities of consolidated sponsored investment products ($47.2 million at June 30, 2023 and $39.1 million at December 31, 2022, related to variable interest entities) 71.7 89.1
Operating lease liabilities 323.4 329.6
Accrued compensation and related costs 511.2 228.0
Supplemental savings plan liability 817.3 761.2
Contingent consideration liability 23.0 95.8
Income taxes payable 42.4 46.0
Total liabilities 2,170.3 1,956.4
Commitments and contingent liabilities
Redeemable non-controlling interests 985.2 656.7
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 224,281,000 shares at June 30, 2023 and 224,310,000 at December 31, 2022 44.8 44.9
Additional capital in excess of par value 520.6 437.9
Retained earnings 8,746.2 8,409.7
Accumulated other comprehensive loss (47.8) (53.0)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc. 9,263.8 8,839.5
Non-controlling interests in consolidated entities 202.1 190.7
Total stockholders’ equity 9,465.9 9,030.2
Total liabilities, redeemable non-controlling interests, and stockholders’ equity $ 12,621.4 $ 11,643.3