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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 103,876 $ 75,010
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 5,416 5,625
Share-Based Compensation Expense 11,117 10,269
(Gain) Loss on Disposal of Assets (1,530) (278)
Provision (Benefit) for Deferred Income Taxes 531 2,650
Consolidation/(Deconsolidation) of Other Entities 0 409
Net Unrealized (Gain) Loss on Investments 568 (1,334)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (15,141) 1,257
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (10,955) 2,978
(Increase) Decrease in Prepaid Expenses and Other Assets 1,280 7,921
Increase (Decrease) in Accounts Payable and Accrued Expenses (101,218) (93,731)
Increase (Decrease) in Other Liabilities 20,355 3,255
Net Cash Provided (Used) by Operating Activities 14,299 14,031
Investing Activities    
Purchases of Investments—Affiliates and Other (1,758) (25,718)
Proceeds from Redemptions of Investments—Affiliates and Other 1,230 53,874
Cash Paid for Property and Equipment (972) (569)
Other Investing Activities (28) 0
Net Cash Provided (Used) by Investing Activities (1,528) 27,587
Financing Activities    
Dividends Paid (25,305) (23,734)
Purchases of Treasury Stock (120,131) (39,026)
Distributions to Noncontrolling Interests in Subsidiaries (8,367) (3,410)
Contributions from Noncontrolling Interests in Subsidiaries 16,235 2,724
Cash paid for Business Acquisitions 0 (118)
Other Financing Activities 0 38
Net Cash Provided (Used) by Financing Activities (137,568) (63,526)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 5,266 (1,412)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (119,531) (23,320)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 507,567 386,954
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 388,036 363,634
Less: Restricted Cash Recorded in Other Current Assets 0 3,374
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 469 478
Cash and Cash Equivalents $ 387,567 $ 359,782