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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 148,066 $ 118,451
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Amortization of Deferred Sales Commissions 770 1,130
Depreciation and Other Amortization 14,088 12,451
Share-Based Compensation Expense 13,935 13,188
Subsidiary Share-Based Compensation Expense 4,240 3,899
(Gain) Loss on Disposal of Assets 1,172 691
Provision (Benefit) for Deferred Income Taxes 6,637 5,338
Consolidation/Deconsolidation of Investment Companies (3,051) 0
Net Unrealized (Gain) Loss on Investments 870 (2,926)
Net Sales (Purchases) of Investments—Consolidated Investment Companies 4,275 1,901
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (10,904) 5,929
(Increase) Decrease in Prepaid Expenses and Other Assets (10,135) (2,116)
Increase (Decrease) in Accounts Payable and Accrued Expenses (47,938) (42,998)
Increase (Decrease) in Other Liabilities 31,372 (2,515)
Net Cash Provided (Used) by Operating Activities 153,397 112,423
Investing Activities    
Purchases of Investments—Affiliates and Other (15,508) (15,362)
Cash Paid for Business Acquisitions, Net of Cash Acquired 2,697 785
Proceeds from Redemptions of Investments—Affiliates and Other 3,905 1,911
Cash Paid for Property and Equipment (4,979) (8,864)
Net Cash Provided (Used) by Investing Activities (13,885) (21,530)
Financing Activities    
Dividends Paid (54,559) (54,549)
Purchases of Treasury Stock (32,911) (2,194)
Distributions to Noncontrolling Interest in Subsidiaries (10,097) (2,801)
Contributions from Noncontrolling Interest in Subsidiaries 11,802 1,864
Proceeds from New Borrowings 100,000 8,800
Payments on Debt (110,000) (18,800)
Other Financing Activities (1,683) 171
Net Cash Provided (Used) by Financing Activities (97,448) (67,509)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (7,576) (246)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 34,488 23,138
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 283,999 180,564
Less: Restricted Cash Recorded in Other Current Assets 5,849 0
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 310 603
Cash and Cash Equivalents $ 277,840 $ 179,961