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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 172,929 $ 201,311
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 21,197 22,639
Share-Based Compensation Expense 27,619 23,283
Subsidiary Share-Based Compensation Expense 707 7,556
(Gain) Loss on Disposal of Assets 3,986 (6,975)
Provision (Benefit) for Deferred Income Taxes (6,969) 19,495
Consolidation/(Deconsolidation) of Other Entities (20) 10,379
Net Unrealized (Gain) Loss on Investments 35,425 27
Net Sales (Purchases) of Investments—Consolidated Investment Companies (26,216) (129,647)
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 4,537 3,914
(Increase) Decrease in Prepaid Expenses and Other Assets (23,734) 3,887
Increase (Decrease) in Accounts Payable and Accrued Expenses (22,984) (36,769)
Increase (Decrease) in Other Liabilities 5,058 (18,144)
Net Cash Provided (Used) by Operating Activities 191,535 100,956
Investing Activities    
Purchases of Investments—Affiliates and Other (18,606) (7,221)
Cash Paid for Business Acquisitions, Net of Cash Acquired 0 (5,324)
Proceeds from Redemptions of Investments—Affiliates and Other 21,389 33,291
Cash Paid for Property and Equipment (4,094) (7,753)
Net Cash Provided (Used) by Investing Activities (1,311) 12,993
Financing Activities    
Dividends Paid (73,804) (79,668)
Purchases of Treasury Stock (211,216) (92,426)
Distributions to Noncontrolling Interests in Subsidiaries (22,144) (4,092)
Contributions from Noncontrolling Interests in Subsidiaries 50,148 101,297
Payments to Acquire Additional Equity in FHL 0 (163,696)
Cash paid for Business Acquisitions (7,053) (2,008)
Proceeds from New Borrowings 488,300 82,150
Payments on Debt (311,650) (55,000)
Other Financing Activities (2,571) 60
Net Cash Provided (Used) by Financing Activities (89,990) (213,383)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (29,980) (2,758)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 70,254 (102,192)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 238,052 308,635
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 308,306 206,443
Less: Restricted Cash Recorded in Other Current Assets 3,516 4,449
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 270 302
Cash and Cash Equivalents $ 304,520 $ 201,692