XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 306,662 $ 184,576
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 16,686 16,873
Share-Based Compensation Expense 23,178 22,741
(Gain) Loss on Disposal of Assets (6,077) (1,225)
Provision (Benefit) for Deferred Income Taxes 19,948 (11,156)
Consolidation/(Deconsolidation) of Other Entities (7,845) (2,316)
Net Unrealized (Gain) Loss on Investments (13,730) (7,466)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (144,529) (22,271)
Impairment of Intangible Asset 0 66,331
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (8,472) 8,615
(Increase) Decrease in Prepaid Expenses and Other Assets (39,412) 14,178
Increase (Decrease) in Accounts Payable and Accrued Expenses (41,011) (28,040)
Increase (Decrease) in Other Liabilities 30,747 (20,986)
Net Cash Provided (Used) by Operating Activities 136,145 219,854
Investing Activities    
Purchases of Investments—Affiliates and Other (5,608) (45,058)
Cash Paid for Business Acquisitions, Net of Cash Acquired (12,755) 0
Proceeds from Redemptions of Investments—Affiliates and Other 15,485 75,529
Cash Paid for Property and Equipment (3,188) (3,519)
Other Investing Activities (6,028) (4,100)
Net Cash Provided (Used) by Investing Activities (12,094) 22,852
Financing Activities    
Dividends Paid (78,516) (159,588)
Purchases of Treasury Stock (185,676) (114,169)
Distributions to Noncontrolling Interests in Subsidiaries (33,313) (18,407)
Contributions from Noncontrolling Interests in Subsidiaries 158,100 32,530
Other Financing Activities 8 (490)
Net Cash Provided (Used) by Financing Activities (139,397) (260,124)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 14,550 9,079
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (796) (8,339)
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 506,771 378,615
Less: Restricted Cash Recorded in Other Current Assets 0 3,192
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 492 471
Cash and Cash Equivalents $ 506,279 $ 374,952