SUPPLEMENTARY CONSOLIDATING CASH FLOW STATEMENT.
The following tables summarize the cash flows (in millions) for the three months ended March 31, 2016 and 2017, that are attributable to T. Rowe Price Group, our consolidated sponsored investment portfolios and the related eliminations required in preparing the statements. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | March 31, 2016 | | March 31, 2017 | | Cash flow attributable to T. Rowe Price Group | | Cash flow attributable to consolidated sponsored investment portfolios | | Eliminations | | As reported | | Cash flow attributable to T. Rowe Price Group | | Cash flow attributable to consolidated sponsored investment portfolios | | Eliminations | | As reported | Cash flows from operating activities | | | | | | | | | | | | | | | | Net income | $ | 304.1 |
| | $ | 21.2 |
| | $ | (12.0 | ) | | $ | 313.3 |
| | $ | 385.9 |
| | $ | 46.3 |
| | $ | (31.8 | ) | | $ | 400.4 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | | | | | | | | | | | | | | | | Depreciation and amortization of property and equipment | 32.2 |
| | — |
| | — |
| | 32.2 |
| | 35.6 |
| | — |
| | — |
| | 35.6 |
| Stock-based compensation expense | 36.8 |
| | — |
| | — |
| | 36.8 |
| | 36.8 |
| | — |
| | — |
| | 36.8 |
| Realized gains on dispositions of available-for-sale sponsored investment portfolios | (52.3 | ) | | — |
| | — |
| | (52.3 | ) | | (47.6 | ) | | — |
| | — |
| | (47.6 | ) | Net gains recognized on investments | (18.9 | ) | | — |
| | 12.0 |
| | (6.9 | ) | | (46.2 | ) | | — |
| | 31.8 |
| | (14.4 | ) | Net change in trading securities held by consolidated sponsored investment portfolios | — |
| | (458.7 | ) | | — |
| | (458.7 | ) | | — |
| | (566.3 | ) | | — |
| | (566.3 | ) | Other changes in assets and liabilities | 205.5 |
| | 4.0 |
| | (1.4 | ) | | 208.1 |
| | 363.6 |
| | (18.8 | ) | | (.8 | ) | | 344.0 |
| Net cash provided by operating activities | 507.4 |
| | (433.5 | ) | | (1.4 | ) | | 72.5 |
| | 728.1 |
| | (538.8 | ) | | (.8 | ) | | 188.5 |
| Net cash provided by investing activities | (35.2 | ) | | 69.1 |
| | 173.9 |
| | 207.8 |
| | 52.9 |
| | (46.5 | ) | | 23.0 |
| | 29.4 |
| Net cash (used in) provided by financing activities | (321.6 | ) | | 443.3 |
| | (172.5 | ) | | (50.8 | ) | | (405.1 | ) | | 573.3 |
| | (22.2 | ) | | 146.0 |
| Effect of exchange rate changes on cash and cash equivalents of consolidated sponsored investment portfolios | — |
| | (1.4 | ) | | — |
| | (1.4 | ) | | — |
| | (3.4 | ) | | — |
| | (3.4 | ) | Net change in cash and cash equivalents during period | 150.6 |
| | 77.5 |
| | — |
| | 228.1 |
| | 375.9 |
| | (15.4 | ) | | — |
| | 360.5 |
| Cash and cash equivalents at beginning of year | 1,172.3 |
| | — |
| | — |
| | 1,172.3 |
| | 1,204.9 |
| | 65.6 |
| | — |
| | 1,270.5 |
| Cash and cash equivalents at end of period | $ | 1,322.9 |
| | $ | 77.5 |
| | $ | — |
| | $ | 1,400.4 |
| | $ | 1,580.8 |
| | $ | 50.2 |
| | $ | — |
| | $ | 1,631.0 |
|
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