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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 71,466 $ 54,597
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 8,022 7,462
Share-Based Compensation Expense 10,680 9,288
Subsidiary Share-Based Compensation Expense 0 707
(Gain) Loss on Disposal of Assets 481 (150)
Provision (Benefit) for Deferred Income Taxes (76) 2,342
Consolidation/(Deconsolidation) of Other Entities (2,176) (20)
Net Unrealized (Gain) Loss on Investments (5,974) 11,847
Net Sales (Purchases) of Investments—Consolidated Investment Companies (8,383) (30,937)
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (15,232) 9,843
(Increase) Decrease in Prepaid Expenses and Other Assets 1,324 (2,892)
Increase (Decrease) in Accounts Payable and Accrued Expenses (61,621) (88,206)
Increase (Decrease) in Other Liabilities 6,909 6,872
Net Cash Provided (Used) by Operating Activities 5,420 (19,247)
Investing Activities    
Purchases of Investments—Affiliates and Other (1,583) (2,008)
Proceeds from Redemptions of Investments—Affiliates and Other 4,160 1,321
Cash Paid for Property and Equipment (739) (1,853)
Net Cash Provided (Used) by Investing Activities 1,838 (2,540)
Financing Activities    
Dividends Paid (24,149) (24,953)
Purchases of Treasury Stock (6,562) (113,338)
Distributions to Noncontrolling Interests in Subsidiaries (3,224) (4,339)
Contributions from Noncontrolling Interests in Subsidiaries 12,776 30,340
Cash paid for Business Acquisitions (857) (6,913)
Proceeds from New Borrowings 0 488,300
Payments on Debt 0 (311,650)
Other Financing Activities 0 (2,586)
Net Cash Provided (Used) by Financing Activities (22,016) 54,861
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2,047 (4,505)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (12,711) 28,569
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 340,955 238,052
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 328,244 266,621
Less: Restricted Cash Recorded in Other Current Assets 3,867 4,289
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 394 289
Cash and Cash Equivalents $ 323,983 $ 262,043