T. Rowe Price Files Q2 2024 10-Q

TL;DR

T. Rowe Price dropped its Q2 2024 10-Q. Check financials.

AI Summary

T. Rowe Price Group, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter of 2024 and provides financial details for the company's operations. Key financial data and operational highlights for the period are detailed within the report.

Why It Matters

This filing provides investors with the latest financial performance and operational details of T. Rowe Price Group, Inc., crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing and does not inherently present new risks.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 20240726 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• T. Rowe Price Group Inc (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 20240726 (date) — Filing date

FAQ

Key Financial Figures

• $0.20 — ange on which registered Common Stock, $0.20 par value per share TROW The NASDAQ St

Filing Documents

• trow-20240630.htm (10-Q) — 2019KB
• trow-ex15_q22024.htm (EX-15) — 4KB
• trow-ex31i1_q22024.htm (EX-31) — 8KB
• trow-ex31i2_q22024.htm (EX-31) — 8KB
• trow-ex32_q22024.htm (EX-32) — 3KB
• 0001113169-24-000019.txt ( ) — 8036KB
• trow-20240630.xsd (EX-101.SCH) — 50KB
• trow-20240630_cal.xml (EX-101.CAL) — 77KB
• trow-20240630_def.xml (EX-101.DEF) — 260KB
• trow-20240630_lab.xml (EX-101.LAB) — 506KB
• trow-20240630_pre.xml (EX-101.PRE) — 394KB
• trow-20240630_htm.xml (XML) — 1297KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except share data) 6/30/2024 12/31/2023 ASSETS Cash and cash equivalents $ 2,714.9 $ 2,066.6 Accounts receivable and accrued revenue 846.9 807.9 Investments 2,758.9 2,554.7 Assets of consolidated sponsored investment products ($ 1,211.9 million at June 30, 2024 and $ 1,204.4 million at December 31, 2023, related to variable interest entities) 1,929.6 1,959.3 Operating lease assets 229.4 241.1 Property, equipment and software, net 884.5 806.6 Intangible assets, net 442.3 507.3 Goodwill 2,642.8 2,642.8 Other assets 640.5 692.5 Total assets $ 13,089.8 $ 12,278.8 LIABILITIES Accounts payable and accrued expenses $ 367.2 $ 409.5 Liabilities of consolidated sponsored investment products ($ 28.7 million at June 30, 2024 and $ 35.2 million at December 31, 2023, related to variable interest entities) 65.1 54.2 Operating lease liabilities 299.3 308.5 Accrued compensation and related costs 566.5 240.8 Supplemental savings plan liability 941.7 895.0 Contingent consideration liability 13.4 13.4 Income taxes payable 13.6 66.2 Total liabilities 2,266.8 1,987.6 Commitments and contingent liabilities Redeemable non-controlling interests 689.0 594.1 STOCKHOLDERS' EQUITY Preferred stock, undesignated, $ 0.20 par value – authorized and unissued 20,000,000 shares — — Common stock, $ 0.20 par value—authorized 750,000,000 ; issued 222,612,000 shares at June 30, 2024 and 223,938,000 at December 31, 2023 44.5 44.8 Additional capital in excess of par value 368.8 431.7 Retained earnings 9,564.6 9,076.1 Accumulated other comprehensive loss ( 49.2 ) ( 47.5 ) Total stockholders' equity attributable to T. Rowe Price Group, Inc. 9,928.7 9,505.1 Non-controlling interests in consolidated entities 205.3 192.0 Total stockholders' equity 10,134.0 9,697.1 Total liabilities, redeemable non-controlling interests, and stockholders' equity $ 13,089.8 $ 12,278.8 The acco

View Full Filing

View this 10-Q filing on SEC EDGAR