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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 505,868 $ 404,389 $ 333,817
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 28,792 27,311 26,440
Amortization 48,895 48,275 45,392
Equity in earnings of unconsolidated affiliates (159,791) (152,550) (126,103)
Distributions received from unconsolidated affiliate 166,941 143,517 125,224
Stock-based compensation 23,805 36,366 16,017
Provision for losses on receivables 23 172 (126)
Deferred income tax expense 5,998 (21,046) 4,794
Net loss (gain) from investments 325 (1,269) (112)
Change in long-term taxes payable (9,826) 10,629 0
Change in other long-term liabilities 145 (2,265) 3,248
Change in other assets (4,785) (1,489) (1,917)
Contract costs capitalized, net (5,366) 0 0
Gain from sale of SEI AK 0 0 (2,791)
Tax benefit on stock options exercised 0 0 8,984
Other (294) (2,186) 390
Change in current assets and liabilities:      
Decrease (increase) in Receivables from investment products 6,797 5,095 (13,663)
Decrease (increase) in Receivables (32,652) (52,726) (4,807)
Decrease (increase) in Other current assets (5,518) (3,583) (1,368)
Increase (decrease) in Accounts payable 5,652 (909) 1,455
Increase (decrease) in Accrued liabilities 13,079 20,992 18,851
Increase (decrease) in Deferred revenue 313 1,180 495
Total adjustments 82,533 55,514 100,403
Net cash provided by operating activities 588,401 459,903 434,220
Cash flows from investing activities:      
Additions to property and equipment (29,095) (25,525) (31,397)
Additions to capitalized software (44,221) (61,043) (50,392)
Purchases of marketable securities (203,460) (69,525) (73,193)
Prepayments and maturities of marketable securities 167,876 65,830 54,141
Sales of marketable securities 0 0 15,152
Cash paid for acquisition, net of cash acquired (5,794) (80,234) 0
Receipt of contingent payment from sale of SEI AK 0 0 2,791
Other investing activities (8,676) (1,805) 1,313
Net cash used in investing activities (123,370) (172,302) (81,585)
Cash flows from financing activities:      
Repayments under revolving credit facility (30,000) (10,000) 0
Borrowings under revolving credit facility 0 40,000 0
Purchase and retirement of common stock (407,384) (248,339) (292,258)
Proceeds from issuance of common stock 87,982 53,568 48,272
Payment of dividends (94,318) (88,862) (84,686)
Net cash used in financing activities (443,720) (253,633) (328,672)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11,024) 14,583 (9,923)
Net increase in cash, cash equivalents and restricted cash 10,287 48,551 14,040
Cash, cash equivalents and restricted cash, beginning of year 747,752 699,201 685,161
Cash, cash equivalents and restricted cash, end of year 758,039 747,752 699,201
Interest paid 806 699 531
Income taxes paid 110,203 165,049 157,255
Non-cash financing activities      
Dividends declared but not paid $ 50,761 $ 47,179 $ 44,596