T. Rowe Price Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,082	2,100	1,789	1,558	3,083	2,373
Depreciation & Amortization	517.4	473.1	481.6	470.7	204.8	189.6
Asset Writedown & Restructuring Costs	-28.6	31.1	-	175.1	-	-
Loss (Gain) From Sale of Investments	-355.6	-340.2	-460.8	210.6	-122.5	-189.6
Stock-Based Compensation	219.3	247.3	265.6	285.4	274.6	246.2
Other Operating Activities	69.7	-70.9	20.7	-288.3	-70.1	7.7
Change in Other Net Operating Assets	50.2	5.5	193.6	-139.9	67.4	91.1
Operating Cash Flow	1,490	1,686	1,219	2,359	3,452	1,919
Operating Cash Flow Growth	-17.67%	38.27%	-48.33%	-31.65%	79.90%	26.02%
Capital Expenditures	-320.5	-423.4	-307.9	-237.6	-239.1	-214.6
Cash Acquisitions	-15.8	-15.8	-56.8	-8.7	-2,468	-53.9
Investment in Securities	557.7	433.3	531.3	208.5	1,578	181.7
Other Investing Activities	-242.7	-171.6	-38.4	-3.7	30.9	50.5
Investing Cash Flow	-41.4	-177.5	128.2	-41.5	-1,098	-36.3
Issuance of Common Stock	2.1	-	-	-	-	3.9
Repurchase of Common Stock	-549.9	-337.2	-254.4	-849.8	-1,139	-1,202
Common Dividends Paid	-1,143	-1,136	-1,122	-1,107	-1,002	-845.8
Other Financing Activities	696.9	536.2	297.5	-119.7	-148.4	557.5
Financing Cash Flow	-994	-936.6	-1,079	-2,077	-2,989	-1,486
Foreign Exchange Rate Adjustments	0.5	-2.4	0.4	9.5	2.6	1.9
Net Cash Flow	455.3	569.1	269.1	250.5	-632.3	398.2
Free Cash Flow	1,170	1,262	911.2	2,122	3,213	1,704
Free Cash Flow Growth	-17.50%	38.52%	-57.05%	-33.96%	88.52%	29.30%
Free Cash Flow Margin	16.23%	17.79%	14.10%	32.70%	41.88%	27.46%
Free Cash Flow Per Share	5.28	5.65	4.05	9.34	14.04	7.37
Cash Income Tax Paid	723.2	723.2	632	794.2	948.9	643
Levered Free Cash Flow	923.41	1,686	848.78	2,066	2,753	1,984
Unlevered Free Cash Flow	923.41	1,686	848.78	2,066	2,753	1,984
Change in Working Capital	-1,014	-754.9	-876.7	-52	82.3	-707.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.