XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 2,578.7 $ 1,755.6
Accounts receivable and accrued revenue 752.0 748.7
Investments 2,503.6 2,539.2
Assets of consolidated sponsored investment products ($1,105.2 million at September 30, 2023 and $1,375.6 million at December 31, 2022, related to variable interest entities) 1,778.3 1,603.4
Operating lease assets 250.5 279.4
Property, equipment and software, net 799.1 755.7
Intangible assets, net 542.4 629.8
Goodwill 2,642.8 2,642.8
Other assets 709.4 688.7
Total assets 12,556.8 11,643.3
LIABILITIES    
Accounts payable and accrued expenses 395.2 406.7
Liabilities of consolidated sponsored investment products ($35.8 million at September 30, 2023 and $39.1 million at December 31, 2022, related to variable interest entities) 83.8 89.1
Operating lease liabilities 309.4 329.6
Accrued compensation and related costs 734.8 228.0
Supplemental savings plan liability 786.6 761.2
Contingent consideration liability 23.0 95.8
Income taxes payable 42.4 46.0
Total liabilities 2,375.2 1,956.4
Commitments and contingent liabilities
Redeemable non-controlling interests 560.2 656.7
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 223,540,000 shares at September 30, 2023 and 224,310,000 at December 31, 2022 44.7 44.9
Additional capital in excess of par value 482.0 437.9
Retained earnings 8,919.4 8,409.7
Accumulated other comprehensive loss (46.2) (53.0)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc. 9,399.9 8,839.5
Non-controlling interests in consolidated entities 221.5 190.7
Total stockholders’ equity 9,621.4 9,030.2
Total liabilities, redeemable non-controlling interests, and stockholders’ equity $ 12,556.8 $ 11,643.3