TROW FY 2006 Earnings Report — T. Rowe Price Group, Inc. Revenue & Financial Results | Market Cap Arena

T. Rowe Price Group, Inc.TROW

FY 2006 Earnings

Reported February 8, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.8B	—	—	—	—
Op. Income	$787M	—	—	—	—
Gross Margin	89.5%	—	—	—	—
Net Margin	29.2%	—	—	—	—
EPS (Diluted)	$1.90	—	—	—	—
Free Cash Flow	$499M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$190M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$97M
General & Administrative	$0
SG&A Expenses	$97M
Other Expenses	$931M
Operating Expenses	$1.0B
Cost & Expenses	$1.0B
OPERATING INCOME	$787M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$71M
INCOME BEFORE TAX	$858M
Income Tax Expense	$329M
Net Income from Continuing Ops	$530M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$530M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$530M
D&A	$47M
EBIT	$787M
EBITDA	$833M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$190M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$97M
General & Administrative	$0
SG&A Expenses	$97M
Other Expenses	$931M
Operating Expenses	$1.0B
Cost & Expenses	$1.0B
OPERATING INCOME	$787M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$71M
INCOME BEFORE TAX	$858M
Income Tax Expense	$329M
Net Income from Continuing Ops	$530M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$530M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$530M
D&A	$47M
EBIT	$787M
EBITDA	$833M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$530M
Depreciation & Amortization	$47M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$44M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$593M
Capital Expenditure	-$94M
Acquisitions (Net)	$1.0K
Purchases of Investments	-$363M
Sales/Maturities of Investments	$40M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$421M
Net Debt Issuance	$0
Common Stock Repurchased	-$171M
Common Dividends Paid	-$148M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$203M
FREE CASH FLOW	$499M
Net Change in Cash	-$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$773M
Short-Term Investments	$0
Net Receivables	$224M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$997M
PP&E (Net)	$265M
Goodwill	$669M
Intangible Assets	$0
Long-Term Investments	$762M
Tax Assets	$0
Other Non-Current Assets	-$1.7B
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.8B
Account Payables	$77M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$224M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$194M
TOTAL NON-CURRENT LIABILITIES	$194M
TOTAL LIABILITIES	$338M
Common Stock	$53M
Additional Paid-In Capital	$248M
Retained Earnings	$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	$69M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$0
Net Debt	-$773M