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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 94,235 $ 144,468
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 11,159 14,724
Share-Based Compensation Expense 16,571 19,677
(Gain) Loss on Disposal of Assets 243 (401)
Provision (Benefit) for Deferred Income Taxes (4,631) (1,376)
Consolidation/(Deconsolidation) of Other Entities (2,759) (2,176)
Net Unrealized (Gain) Loss on Investments (998) (5,118)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (8,964) (17,843)
Impairment of Intangible Asset 66,331 0
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 7,392 (40,636)
(Increase) Decrease in Prepaid Expenses and Other Assets 6,297 16,982
Increase (Decrease) in Accounts Payable and Accrued Expenses (62,846) (46,268)
Increase (Decrease) in Other Liabilities (19,325) (5,469)
Net Cash Provided (Used) by Operating Activities 102,705 76,564
Investing Activities    
Purchases of Investments—Affiliates and Other (28,611) (11,245)
Proceeds from Redemptions of Investments—Affiliates and Other 66,322 22,213
Cash Paid for Property and Equipment (6,547) (3,722)
Net Cash Provided (Used) by Investing Activities 31,164 7,246
Financing Activities    
Dividends Paid (134,015) (49,260)
Purchases of Treasury Stock (85,268) (47,915)
Distributions to Noncontrolling Interests in Subsidiaries (7,840) (17,678)
Contributions from Noncontrolling Interests in Subsidiaries 19,027 32,460
Cash paid for Business Acquisitions (517) (857)
Other Financing Activities 38 0
Net Cash Provided (Used) by Financing Activities (208,575) (83,250)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (1,337) 5,651
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (76,043) 6,211
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 310,911 347,166
Less: Restricted Cash Recorded in Other Current Assets 3,005 4,014
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 473 395
Cash and Cash Equivalents $ 307,433 $ 342,757