TROW Q3 2018 Earnings Report — T. Rowe Price Group, Inc. Revenue & Financial Results | Market Cap Arena

T. Rowe Price Group, Inc.TROW

Q3 2018 Earnings

Reported October 25, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$1.4B	—	—	—	—
Op. Income	$641M	—	—	—	—
Gross Margin	59.6%	—	—	—	—
Net Margin	41.8%	—	—	—	—
EPS (Diluted)	$2.30	—	—	—	—
Free Cash Flow	$514M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$564M
GROSS PROFIT	$831M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$170M
SG&A Expenses	$190M
Other Expenses	$0
Operating Expenses	$190M
Cost & Expenses	$754M
OPERATING INCOME	$641M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$125M
INCOME BEFORE TAX	$766M
Income Tax Expense	$184M
Net Income from Continuing Ops	$582M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$583M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$569M
D&A	$40M
EBIT	$641M
EBITDA	$681M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$564M
GROSS PROFIT	$831M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$170M
SG&A Expenses	$190M
Other Expenses	$0
Operating Expenses	$190M
Cost & Expenses	$754M
OPERATING INCOME	$641M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$125M
INCOME BEFORE TAX	$766M
Income Tax Expense	$184M
Net Income from Continuing Ops	$582M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$583M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$569M
D&A	$40M
EBIT	$641M
EBITDA	$681M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$582M
Depreciation & Amortization	$40M
Stock-Based Compensation	$45M
Deferred Income Tax	$0
Other Non-Cash Items	-$273M
Change in Working Capital	$164M
OPERATING CASH FLOW	$557M
Capital Expenditure	-$43M
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$84M
Other Investing Activities	$82M
NET CASH FROM INVESTING	$114M
Net Debt Issuance	$0
Common Stock Repurchased	-$93M
Common Dividends Paid	-$174M
Other Financing Activities	$168M
NET CASH FROM FINANCING	-$75M
FREE CASH FLOW	$514M
Net Change in Cash	$600M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$583M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$657M
Goodwill	$666M
Intangible Assets	$0
Long-Term Investments	$4.3B
Tax Assets	$0
Other Non-Current Assets	$202M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$8.5B
Account Payables	$250M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$330M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$879M
TOTAL NON-CURRENT LIABILITIES	$879M
TOTAL LIABILITIES	$1.2B
Common Stock	$49M
Additional Paid-In Capital	$655M
Retained Earnings	$5.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.5B
Minority Interest	$861M
TOTAL EQUITY	$7.3B
TOTAL LIABILITIES & EQUITY	$8.5B
Total Debt	$0
Net Debt	-$2.1B