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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 218,734 $ 172,929
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 20,817 21,197
Share-Based Compensation Expense 27,165 27,619
Subsidiary Share-Based Compensation Expense 0 707
(Gain) Loss on Disposal of Assets (157) 3,986
Provision (Benefit) for Deferred Income Taxes (3,984) (6,969)
Consolidation/(Deconsolidation) of Other Entities 3,490 (20)
Net Unrealized (Gain) Loss on Investments (1,920) 35,425
Net Sales (Purchases) of Investments—Consolidated Investment Companies (36,311) (26,216)
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (30,981) 4,537
(Increase) Decrease in Prepaid Expenses and Other Assets 19,389 (23,734)
Increase (Decrease) in Accounts Payable and Accrued Expenses (23,942) (22,984)
Increase (Decrease) in Other Liabilities (10,101) 5,058
Net Cash Provided (Used) by Operating Activities 182,199 191,535
Investing Activities    
Purchases of Investments—Affiliates and Other (13,600) (18,606)
Proceeds from Redemptions of Investments—Affiliates and Other 27,967 21,389
Cash Paid for Property and Equipment (5,803) (4,094)
Net Cash Provided (Used) by Investing Activities 8,564 (1,311)
Financing Activities    
Dividends Paid (73,963) (73,804)
Purchases of Treasury Stock (112,013) (211,216)
Distributions to Noncontrolling Interests in Subsidiaries (32,567) (22,144)
Contributions from Noncontrolling Interests in Subsidiaries 67,783 50,148
Cash paid for Business Acquisitions (857) (7,053)
Proceeds from New Borrowings 0 488,300
Payments on Debt 0 (311,650)
Other Financing Activities 15 (2,571)
Net Cash Provided (Used) by Financing Activities (151,602) (89,990)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,120 (29,980)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 40,281 70,254
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 381,236 308,306
Less: Restricted Cash Recorded in Other Current Assets 3,886 3,516
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 390 270
Cash and Cash Equivalents $ 376,960 $ 304,520