T. Rowe Price Group (TROW) FY2021 results: revenue $7.7 billion, up 23.6% on the year
T. Rowe Price Group, Inc. (TROW) reported revenue of $7.7 billion for fiscal 2021, the year ended 31 December 2021, up 23.6% on the year before. Net income was $3.1 billion, up 29.9%, and diluted earnings per share $13.12. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$7.7 billion
+23.6% on the year
FY2014FY2021
Operating margin
48.4%
44.2% a year earlier
FY2014FY2021
Net income
$3.1 billion
+29.9% on the year
FY2014FY2021
Diluted EPS
$13.12
+31.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,452
1,919
1,523
+79.9%
Capital expenditure
239
215
205
+11.4%
Free cash flow
3,213
1,704
1,318
+88.5%
Free cash flow margin
41.9%
27.5%
23.5%
Cash from investing
-1,098
-36.3
-324
Cash from financing
-2,989
-1,486
-833
Share-based compensation
275
246
207
+11.5%
Buybacks
1,138
1,202
706
-5.3%
Dividends paid
1,702
846
734
+101.2%
Dividend per share
$4.32
$3.60
$3.04
+20.0%
Diluted shares, weighted
229m
231m
239m
-1.0%
Shares outstanding at period end
n/a
n/a
235m
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,023
7,707
7,102
+17.1%
Non-controlling interest
249
0.0
n/a
Redeemable equity
982
1,562
1,121
-37.1%
Debt
0.0
0.0
0.0
Other liabilities
2,255
1,390
1,107
+62.2%
Total liabilities and equity
12,509
10,659
9,330
+17.4%
Fixed assets
736
695
674
+5.9%
Goodwill
2,693
666
666
+304.6%
Intangible assets
913
0.0
n/a
Securities held for sale or to maturity
n/a
1.0
1.0
Cash and equivalents
1,523
2,152
1,782
-29.2%
Other assets
6,643
7,145
6,208
-7.0%
Total assets
12,509
10,659
9,330
+17.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.