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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 234,750 $ 192,036
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Amortization of Deferred Sales Commissions 1,090 1,625
Depreciation and Other Amortization 21,341 19,165
Share-Based Compensation Expense 20,224 19,148
Subsidiary Share-Based Compensation Expense 6,404 6,024
(Gain) Loss on Disposal of Assets 1,590 11
Provision (Benefit) for Deferred Income Taxes 11,907 5,956
Consolidation/(Deconsolidation) of Investment Companies (3,051) 0
Net Unrealized (Gain) Loss on Investments (5,397) (3,469)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (7,516) (20,076)
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net 5,998 426
(Increase) Decrease in Prepaid Expenses and Other Assets (9,317) (1,502)
Increase (Decrease) in Accounts Payable and Accrued Expenses (27,411) (4,057)
Increase (Decrease) in Other Liabilities (7,154) (2,946)
Net Cash Provided (Used) by Operating Activities 243,458 212,341
Investing Activities    
Purchases of Investments—Affiliates and Other (19,050) (88,422)
Cash Paid for Business Acquisitions, Net of Cash Acquired 2,697 785
Proceeds from Redemptions of Investments—Affiliates and Other 6,415 32,639
Cash Paid for Property and Equipment (8,559) (11,321)
Net Cash Provided (Used) by Investing Activities (18,497) (66,319)
Financing Activities    
Dividends Paid (81,612) (81,869)
Purchases of Treasury Stock (53,145) (4,054)
Distributions to Noncontrolling Interest in Subsidiaries (10,455) (3,188)
Contributions from Noncontrolling Interest in Subsidiaries 15,014 2,551
Proceeds from New Borrowings 100,000 8,800
Payments on Debt (110,000) (23,800)
Other Financing Activities (1,616) 193
Net Cash Provided (Used) by Financing Activities (141,814) (101,367)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (3,408) (3,569)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 79,739 41,086
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 329,250 198,512
Less: Restricted Cash Recorded in Other Current Assets 6,091 1,671
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 312 328
Cash and Cash Equivalents $ 322,847 $ 196,513