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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income Including the Noncontrolling Interests in Subsidiaries $ 222,299 $ 294,901 $ 221,514
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Amortization of Deferred Sales Commissions 2,967 8,025 11,980
Depreciation and Other Amortization 17,087 10,637 9,578
Share-Based Compensation Expense 23,893 22,508 22,445
(Gain) Loss on Disposal of Assets 298 (7,193) 1,070
Provision (Benefit) for Deferred Income Taxes 12,257 (59,272) 17,496
Net Unrealized Loss (Gain) on Investments 4,322 (889) (4,624)
Net Sales of Investments—Consolidated Investment Companies 16,696 133,992 4,746
Adoption of New Accounting Pronouncement 0 0 (2,653)
Deferred Sales Commissions Paid (43) (4,715) (11,801)
Contingent Deferred Sales Charges Received 0 1,785 2,195
Distributions from Equity Investments 1,173 0 0
Other Changes in Assets and Liabilities:      
Increase in Receivables, net (11,080) (7,914) (11,044)
(Increase) Decrease in Prepaid Expenses and Other Assets 4,029 (115) 1,114
(Decrease) Increase in Accounts Payable and Accrued Expenses (96,188) (9,160) 6,001
Increase (Decrease) in Other Liabilities 8,572 4,785 (2,346)
Net Cash Provided by Operating Activities 206,282 387,375 265,671
Investing Activities      
Purchases of Investments—Affiliates and Other (7,267) (5,779) (24,153)
Cash Paid for Business Acquisitions, net of Cash Acquired (170,392) (4,352) 0
Proceeds from Redemptions of Investments—Affiliates and Other 20,283 20,930 15,953
Cash Paid for Property and Equipment (17,274) (9,799) (12,839)
Distribution from Equity Investment 211 0 0
Net Cash (Used) Provided by Investing Activities (174,439) 1,000 (21,039)
Financing Activities      
Dividends Paid (106,943) (101,511) (205,468)
Purchases of Treasury Stock (29,247) (48,642) (81,771)
Distributions to Noncontrolling Interests in Subsidiaries (18,492) (10,337) (18,291)
Contributions from Noncontrolling Interests in Subsidiaries 2,801 4,687 17,868
Proceeds from Shareholders for Share-Based Compensation 1,444 1,299 1,436
Proceeds from New Borrowings 87,650 0 0
Payments on Debt (122,650) (21,250) (25,500)
Other Financing Activities (678) (1,167) (640)
Net Cash Used by Financing Activities (186,115) (176,921) (312,366)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents (5,111) 0 0
Net (Decrease) Increase in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (159,383) 211,454 (67,734)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 316,809 105,355 173,089
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 157,426 316,809 105,355
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 594 545 516
Cash and Cash Equivalents 156,832 316,264 104,839
Cash paid during the year for:      
Income taxes 61,573 118,412 104,581
Interest $ 5,320 $ 4,109 $ 3,487