TROW FY 2011 Earnings Report — T. Rowe Price Group, Inc. Revenue & Financial Results | Market Cap Arena

T. Rowe Price Group, Inc.TROW

FY 2011 Earnings

Reported February 3, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.4B	—	16.5%
Op. Income	$1.2B	—	$1.0B	—	18.4%
Gross Margin	62.1%	—	61.8%	—	0.3pp
Net Margin	28.0%	—	28.4%	—	-0.4pp
EPS (Diluted)	$2.92	—	$2.53	—	15.4%
Free Cash Flow	$866M	—	$615M	—	40.9%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$91M
General & Administrative	$115M
SG&A Expenses	$206M
Other Expenses	$270M
Operating Expenses	$476M
Cost & Expenses	$1.5B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$24M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$477M
Net Income from Continuing Ops	$773M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$773M
Net Income Deductions	-$4M
BOTTOM LINE NET INCOME	$773M
D&A	$72M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$91M
General & Administrative	$115M
SG&A Expenses	$206M
Other Expenses	$270M
Operating Expenses	$476M
Cost & Expenses	$1.5B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$24M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$477M
Net Income from Continuing Ops	$773M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$773M
Net Income Deductions	-$4M
BOTTOM LINE NET INCOME	$773M
D&A	$72M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$773M
Depreciation & Amortization	$72M
Stock-Based Compensation	$99M
Deferred Income Tax	$0
Other Non-Cash Items	-$4M
Change in Working Capital	$4M
OPERATING CASH FLOW	$948M
Capital Expenditure	-$82M
Acquisitions (Net)	$0
Purchases of Investments	-$127M
Sales/Maturities of Investments	$52M
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$165M
Net Debt Issuance	$13M
Common Stock Repurchased	-$480M
Common Dividends Paid	-$318M
Other Financing Activities	$35M
NET CASH FROM FINANCING	-$699M
FREE CASH FLOW	$866M
Net Change in Cash	$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$898M
Short-Term Investments	$0
Net Receivables	$305M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$567M
Goodwill	$666M
Intangible Assets	$0
Long-Term Investments	$971M
Tax Assets	$0
Other Non-Current Assets	$364M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.8B
Account Payables	$83M
Short-Term Debt	$0
Deferred Revenue	$174M
Other Current Liabilities	-$63M
TOTAL CURRENT LIABILITIES	$204M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$63M
TOTAL LIABILITIES	$350M
Common Stock	$51M
Additional Paid-In Capital	$502M
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	$103M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$0
Net Debt	-$898M