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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 75,010 $ 71,466
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 5,625 8,022
Share-Based Compensation Expense 10,269 10,680
(Gain) Loss on Disposal of Assets (278) 481
Provision (Benefit) for Deferred Income Taxes 2,650 (93)
Consolidation/(Deconsolidation) of Other Entities 409 (2,176)
Net Unrealized (Gain) Loss on Investments (1,334) (5,974)
Net Sales (Purchases) of Investments—Consolidated Investment Companies 1,257 (8,383)
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 2,978 (15,232)
(Increase) Decrease in Prepaid Expenses and Other Assets 7,921 1,324
Increase (Decrease) in Accounts Payable and Accrued Expenses (93,731) (61,621)
Increase (Decrease) in Other Liabilities 3,255 6,926
Net Cash Provided (Used) by Operating Activities 14,031 5,420
Investing Activities    
Purchases of Investments—Affiliates and Other (25,718) (1,583)
Proceeds from Redemptions of Investments—Affiliates and Other 53,874 4,160
Cash Paid for Property and Equipment (569) (739)
Net Cash Provided (Used) by Investing Activities 27,587 1,838
Financing Activities    
Dividends Paid (23,734) (24,149)
Purchases of Treasury Stock (39,026) (6,562)
Distributions to Noncontrolling Interests in Subsidiaries (3,410) (3,224)
Contributions from Noncontrolling Interests in Subsidiaries 2,724 12,776
Cash paid for Business Acquisitions (118) (857)
Other Financing Activities 38 0
Net Cash Provided (Used) by Financing Activities (63,526) (22,016)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (1,412) 2,047
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (23,320) (12,711)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 386,954 340,955
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 363,634 328,244
Less: Restricted Cash Recorded in Other Current Assets 3,374 3,867
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 478 394
Cash and Cash Equivalents $ 359,782 $ 323,983