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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income [1] $ 455.5 $ 400.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization of property and equipment [1] 36.9 35.6
Stock-based compensation expense [1] 45.6 36.8
Net gains recognized on other investments [1] (2.6) (62.0)
Investments in U.S. mutual funds held as trading to economically hedge supplemental savings plan liability [1] (12.9) 0.0
Net change in trading securities held by consolidated T. Rowe Price investment products [1] (189.4) (566.3)
Other changes in assets and liabilities [1] 187.9 344.0
Net cash provided by (used in) operating activities [1] 521.0 188.5
Cash flows from investing activities    
Purchases of T. Rowe Price investment products [1] (450.6) (0.2)
Dispositions T. Rowe Price investment products [1] 36.7 123.3
Net cash of T. Rowe Price investment products on consolidation (deconsolidation) [1] (21.5) (46.5)
Additions to property and equipment [1] (36.7) (46.9)
Other investing activity [1] (47.7) (0.3)
Net cash provided by (used in) investing activities [1] (519.8) 29.4
Cash flows from financing activities    
Repurchases of common stock [1] (291.3) (306.1)
Common share issuances under stock-based compensation plans [1] 46.2 41.9
Dividends paid to common stockholders of T. Rowe Price Group [1] (174.8) (140.9)
Net subscriptions received from redeemable non-controlling interest holders [1] 177.8 551.1
Net cash provided by (used in) financing activities [1] (242.1) 146.0
Effect of exchange rate changes on cash and cash equivalents of consolidated T. Rowe Price investment products [1] 1.3 (3.4)
Net change in cash and cash equivalents during period [1] (239.6) 360.5
Cash and cash equivalents at beginning of year [1] 2,005.8 1,270.5
Cash and cash equivalents at end of period [1] $ 1,766.2 $ 1,631.0
[1] See note 12 for a supplementary consolidating cash flow schedule.