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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 63,265 $ 54,611
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Amortization of Deferred Sales Commissions 408 592
Depreciation and Other Amortization 6,907 7,221
Share-Based Compensation Expense 7,467 7,110
Subsidiary Share-Based Compensation Expense 2,153 2,126
(Gain) Loss on Disposal of Assets 100 492
Provision (Benefit) for Deferred Income Taxes 2,746 4,696
Net Unrealized (Gain) Loss on Investments 15,748 (2,162)
Net Sales (Purchases) of Investments—Consolidated Investment Companies 3,492 8,136
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 8,687 (575)
(Increase) Decrease in Prepaid Expenses and Other Assets (10,369) 567
Increase (Decrease) in Accounts Payable and Accrued Expenses (81,461) (72,337)
Increase (Decrease) in Other Liabilities 10,108 6,282
Net Cash Provided (Used) by Operating Activities 29,251 16,759
Investing Activities    
Purchases of Investments—Affiliates and Other (4,048) (1,566)
Cash Paid for Business Acquisitions, Net of Cash Acquired (4,744) 0
Proceeds from Redemptions of Investments—Affiliates and Other 2,192 1,185
Cash Paid for Property and Equipment (1,557) (5,060)
Net Cash Provided (Used) by Investing Activities (8,157) (5,441)
Financing Activities    
Dividends Paid (27,304) (27,217)
Purchases of Treasury Stock (15,000) (1,485)
Distributions to Noncontrolling Interest in Subsidiaries (6,039) (2,260)
Contributions from Noncontrolling Interest in Subsidiaries 5,577 42
Proceeds from New Borrowings 100,000 8,800
Payments on Debt (5,000) (13,800)
Other Financing Activities (1,834) 0
Net Cash Provided (Used) by Financing Activities 50,400 (35,920)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (6,486) 2,264
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 65,008 (22,338)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 249,511 157,426
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 314,519 135,088
Less: Restricted Cash Recorded in Other Current Assets 5,863 0
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 307 603
Cash and Cash Equivalents $ 308,349 $ 134,485