XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 74,346 $ 63,265
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Amortization of Deferred Sales Commissions 237 408
Depreciation and Other Amortization 7,236 6,907
Share-Based Compensation Expense 9,216 7,467
Subsidiary Share-Based Compensation Expense 2,482 2,153
(Gain) Loss on Disposal of Assets (1,684) 100
Provision (Benefit) for Deferred Income Taxes 3,597 2,746
Consolidation/(Deconsolidation) of Other Entities 11,789 0
Net Unrealized (Gain) Loss on Investments 322 15,748
Net Sales (Purchases) of Investments—Consolidated Investment Companies (51,127) 3,492
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 6,742 8,687
(Increase) Decrease in Prepaid Expenses and Other Assets (3,342) (10,369)
Increase (Decrease) in Accounts Payable and Accrued Expenses (101,616) (81,461)
Increase (Decrease) in Other Liabilities 11,789 10,108
Net Cash Provided (Used) by Operating Activities (30,013) 29,251
Investing Activities    
Purchases of Investments—Affiliates and Other (1,811) (4,048)
Cash Paid for Business Acquisitions, Net of Cash Acquired 0 (4,744)
Proceeds from Redemptions of Investments—Affiliates and Other 2,466 2,192
Cash Paid for Property and Equipment (2,159) (1,557)
Net Cash Provided (Used) by Investing Activities (1,504) (8,157)
Financing Activities    
Dividends Paid (26,788) (27,304)
Purchases of Treasury Stock (39,073) (15,000)
Distributions to Noncontrolling Interest in Subsidiaries (1,898) (6,039)
Contributions from Noncontrolling Interest in Subsidiaries 25,762 5,577
Proceeds from Shareholders for Share-Based Compensation 15 0
Proceeds from New Borrowings 0 100,000
Payments on Debt (5,000) (5,000)
Other Financing Activities (2,008) (1,834)
Net Cash Provided (Used) by Financing Activities (48,990) 50,400
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,270 (6,486)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (79,237) 65,008
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 308,635 249,511
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 229,398 314,519
Less: Restricted Cash Recorded in Other Current Assets 6,507 5,863
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 286 307
Cash and Cash Equivalents $ 222,605 $ 308,349