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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 184,576,000 $ 218,734,000
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 16,873,000 20,817,000
Share-Based Compensation Expense 22,741,000 27,165,000
(Gain) Loss on Disposal of Assets (1,225,000) (157,000)
Provision (Benefit) for Deferred Income Taxes (11,156,000) (4,056,000)
Consolidation/(Deconsolidation) of Other Entities (2,316,000) 3,490,000
Net Unrealized (Gain) Loss on Investments (7,466,000) (1,920,000)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (22,271,000) (36,311,000)
Impairment of Intangible Asset 66,331,000 0
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 8,615,000 (30,981,000)
(Increase) Decrease in Prepaid Expenses and Other Assets 14,178,000 19,389,000
Increase (Decrease) in Accounts Payable and Accrued Expenses (28,040,000) (23,942,000)
Increase (Decrease) in Other Liabilities (20,986,000) (10,029,000)
Net Cash Provided (Used) by Operating Activities 219,854,000 182,199,000
Investing Activities    
Purchases of Investments—Affiliates and Other (45,058,000) (13,600,000)
Proceeds from Redemptions of Investments—Affiliates and Other 75,529,000 27,967,000
Cash Paid for Property and Equipment (3,519,000) (5,803,000)
Other Investing Activities (4,100,000) 0
Net Cash Provided (Used) by Investing Activities 22,852,000 8,564,000
Financing Activities    
Dividends Paid (159,588,000) (73,963,000)
Purchases of Treasury Stock (114,169,000) (112,013,000)
Distributions to Noncontrolling Interests in Subsidiaries (18,407,000) (32,567,000)
Contributions from Noncontrolling Interests in Subsidiaries 32,530,000 67,783,000
Cash paid for Business Acquisitions (529,000) (857,000)
Other Financing Activities 39,000 15,000
Net Cash Provided (Used) by Financing Activities (260,124,000) (151,602,000)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 9,079,000 1,120,000
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (8,339,000) 40,281,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 386,954,000 340,955,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 378,615,000 381,236,000
Less: Restricted Cash Recorded in Other Current Assets 3,192,000 3,886,000
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 471,000 390,000
Cash and Cash Equivalents $ 374,952,000 $ 376,960,000