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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 54,611 $ 60,006
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Amortization of Deferred Sales Commissions 592 839
Depreciation and Other Amortization 7,221 2,638
Share-Based Compensation Expense 7,110 6,967
(Gain) Loss on Disposal of Assets 492 (723)
Provision (Benefit) for Deferred Income Taxes 4,696 4,318
Net Unrealized (Gain) Loss on Investments (2,162) 1,905
Net Sales of Investments—Consolidated Investment Companies 8,136 500
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (575) 3,424
(Increase) Decrease in Prepaid Expenses and Other Assets 2,693 818
Increase (Decrease) in Accounts Payable and Accrued Expenses (72,337) (43,666)
Increase (Decrease) in Other Liabilities 6,281 11,070
Net Cash Provided (Used) by Operating Activities 16,758 48,096
Investing Activities    
Purchases of Investments—Affiliates and Other (1,566) (1,555)
Proceeds from Redemptions of Investments—Affiliates and Other 1,185 1,572
Cash Paid for Property and Equipment (5,060) (3,106)
Net Cash Provided (Used) by Investing Activities (5,441) (3,089)
Financing Activities    
Dividends Paid (27,217) (25,265)
Purchases of Treasury Stock (1,485) (4,024)
Distributions to Noncontrolling Interest in Subsidiaries (2,260) (1,684)
Contributions from Noncontrolling Interest in Subsidiaries 43 500
Proceeds from Shareholders for Share-Based Compensation 0 101
Proceeds from New Borrowings 8,800 0
Payments on Debt (13,800) (5,000)
Other Financing Activities 0 (228)
Net Cash Provided (Used) by Financing Activities (35,919) (35,600)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2,264 0
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (22,338) 9,407
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 157,426 316,809
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 135,088 326,216
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 603 607
Cash and Cash Equivalents $ 134,485 $ 325,609