T. Rowe Price Group, Inc. (VIE:TROW)

T. Rowe Price Group Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,208	2,136	1,836	1,450	3,099
Depreciation & Amortization	605.5	504.2	481.6	645.8	204.8
Stock-Based Compensation	216.9	247.3	265.6	285.4	274.6
Other Adjustments	-444.4	-446.8	-487.1	30.6	-208.2
Changes in Trading Assets	-1,003	-760.4	-1,070	87.9	14.9
Changes in Other Operating Activities	169.8	5.5	193.6	-139.9	67.4
Operating Cash Flow	1,753	1,686	1,219	2,359	3,452
Operating Cash Flow Growth	4.02%	38.27%	-48.33%	-31.65%	79.90%
Capital Expenditures	-274.2	-423.4	-307.9	-237.6	-239.1
Purchases of Investments	-112.9	-100.1	-85.3	-55.1	-48
Proceeds from Sale of Investments	769.1	533.4	616.6	263.6	1,626
Payments for Business Acquisitions	-	-	-	-	-2,451
Other Investing Activities	-151.7	-187.4	-95.2	-12.4	14
Investing Cash Flow	230.3	-177.5	128.2	-41.5	-1,098
Issuance of Common Stock	-22.3	-33.3	-18	-36.2	-81.6
Repurchase of Common Stock	-620.9	-337.2	-254.4	-849.8	-1,139
Net Common Stock Issued (Repurchased)	-643.2	-370.5	-272.4	-886	-1,220
Common Dividends Paid	-1,143	-1,136	-1,122	-1,107	-1,702
Other Financing Activities	508.8	569.5	315.5	-83.5	-66.8
Financing Cash Flow	-1,277	-936.6	-1,079	-2,077	-2,989
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.9	-2.4	0.4	9.5	2.6
Net Cash Flow	704.4	569.1	269.1	250.5	-632.3
Free Cash Flow	1,479	1,262	911.2	2,122	3,213
Free Cash Flow Growth	17.19%	38.52%	-57.05%	-33.96%	88.52%
FCF Margin	20.22%	17.79%	14.10%	32.70%	41.88%
Free Cash Flow Per Share	6.71	5.65	4.05	9.34	14.04
Levered Free Cash Flow	1,586	1,426	1,086	1,914	3,131
Unlevered Free Cash Flow	1,179	1,093	761.11	2,122	2,926

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.