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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 192,036 $ 160,667
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Amortization of Deferred Sales Commissions 1,625 2,319
Depreciation and Other Amortization 19,165 10,767
Share-Based Compensation Expense 19,148 18,244
Subsidiary Share-Based Compensation Expense 6,024 0
(Gain) Loss on Disposal of Assets 11 (7)
Provision (Benefit) for Deferred Income Taxes 5,956 7,813
Net Unrealized (Gain) Loss on Investments (3,469) 1,801
Net Sales (Purchases) of Investments—Consolidated Investment Companies (20,076) 9,302
(Increase) Decrease in Receivables, net 426 (9,462)
(Increase) Decrease in Prepaid Expenses and Other Assets (1,502) (1,052)
Increase (Decrease) in Accounts Payable and Accrued Expenses (4,057) (119,268)
Increase (Decrease) in Other Liabilities (2,946) 7,589
Net Cash Provided (Used) by Operating Activities 212,341 88,713
Investing Activities    
Purchases of Investments—Affiliates and Other (88,422) (3,081)
Cash Paid for Business Acquisitions, Net of Cash Acquired 785 (168,430)
Proceeds from Redemptions of Investments—Affiliates and Other 32,639 19,986
Cash Paid for Property and Equipment (11,321) (11,900)
Net Cash Provided (Used) by Investing Activities (66,319) (163,425)
Financing Activities    
Dividends Paid (81,869) (79,808)
Purchases of Treasury Stock (4,054) (27,064)
Distributions to Noncontrolling Interest in Subsidiaries (3,188) (9,778)
Contributions from Noncontrolling Interest in Subsidiaries 2,551 4,425
Proceeds from Shareholders for Share-Based Compensation 193 222
Proceeds from New Borrowings 8,800 79,150
Payments on Contingent Consideration Liabilities 0 (228)
Payments on Debt (23,800) (89,150)
Net Cash Provided (Used) by Financing Activities (101,367) (122,231)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (3,569) (2,343)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 41,086 (199,286)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 157,426 316,809
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 198,512 117,523
Less: Restricted Cash Recorded in Other Current Assets 1,671 0
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 328 580
Cash and Cash Equivalents $ 196,513 $ 116,943