TROW FY 2009 Earnings Report — T. Rowe Price Group, Inc. Revenue & Financial Results | Market Cap Arena

T. Rowe Price Group, Inc.TROW

FY 2009 Earnings

Reported February 5, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.9B	—	$2.1B	—	-11.8%
Op. Income	$702M	—	$849M	—	-17.3%
Gross Margin	94.5%	—	95.2%	—	-0.7pp
Net Margin	23.2%	—	23.2%	—	0.0pp
EPS (Diluted)	$1.65	—	$1.82	—	-9.3%
Free Cash Flow	$402M	—	$598M	—	-32.8%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$102M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$73M
General & Administrative	$773M
SG&A Expenses	$847M
Other Expenses	$217M
Operating Expenses	$1.1B
Cost & Expenses	$1.2B
OPERATING INCOME	$702M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$689M
Income Tax Expense	$255M
Net Income from Continuing Ops	$434M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$434M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$66M
EBIT	$702M
EBITDA	$767M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$102M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$73M
General & Administrative	$773M
SG&A Expenses	$847M
Other Expenses	$217M
Operating Expenses	$1.1B
Cost & Expenses	$1.2B
OPERATING INCOME	$702M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$689M
Income Tax Expense	$255M
Net Income from Continuing Ops	$434M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$434M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$432M
D&A	$66M
EBIT	$702M
EBITDA	$767M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$434M
Depreciation & Amortization	$66M
Stock-Based Compensation	$89M
Deferred Income Tax	$0
Other Non-Cash Items	$36M
Change in Working Capital	-$89M
OPERATING CASH FLOW	$536M
Capital Expenditure	-$134M
Acquisitions (Net)	$0
Purchases of Investments	-$137M
Sales/Maturities of Investments	$111M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$167M
Net Debt Issuance	$0
Common Stock Repurchased	-$71M
Common Dividends Paid	-$257M
Other Financing Activities	$36M
NET CASH FROM FINANCING	-$245M
FREE CASH FLOW	$402M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$743M
Short-Term Investments	$0
Net Receivables	$246M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$990M
PP&E (Net)	$513M
Goodwill	$666M
Intangible Assets	$0
Long-Term Investments	$906M
Tax Assets	$228M
Other Non-Current Assets	-$92M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$3.2B
Account Payables	$80M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$167M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$161M
TOTAL NON-CURRENT LIABILITIES	$161M
TOTAL LIABILITIES	$328M
Common Stock	$52M
Additional Paid-In Capital	$489M
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	$102M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$0
Net Debt	-$743M