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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net Income Including the Noncontrolling Interests in Subsidiaries $ 268,430 $ 304,781 $ 234,564
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Depreciation and Amortization 22,429 26,835 28,085
Share-Based Compensation Expense 28,784 33,947 34,798
Subsidiary Share-Based Compensation Expense 0 0 707
(Gain) Loss on Disposal of Assets (1,552) 260 4,844
(Benefit) Provision for Deferred Income Taxes (14,935) 4,252 (18,822)
Impairment of Intangible Asset 66,331 0 31,520
Net Unrealized (Gain) Loss on Investments (3,929) (13,423) 24,383
Net Sales (Purchases) of Investments—Consolidated Investment Companies (28,571) (34,328) (20,170)
Consolidation/(Deconsolidation) of Investment Companies (8,008) 1,647 (20)
Other Changes in Assets and Liabilities:      
(Increase) Decrease in Receivables, net 17,348 (27,568) (4,367)
(Increase) Decrease in Prepaid Expenses and Other Assets 19,871 20,748 18,582
Increase (Decrease) in Accounts Payable and Accrued Expenses 9,359 14,627 4,669
Increase (Decrease) in Other Liabilities (29,003) (19,947) (14,825)
Net Cash Provided (Used) by Operating Activities 346,554 311,831 323,948
Investing Activities      
Purchases of Investments—Affiliates and Other (47,516) (57,999) (22,644)
Cash Paid for Business Acquisitions, net of Cash Acquired 0 0 (28,111)
Proceeds from Redemptions of Investments—Affiliates and Other 119,891 35,304 22,770
Cash Paid for Property and Equipment (4,024) (7,915) (4,372)
Other Investing Activities (4,100) 0 0
Net Cash Provided (Used) by Investing Activities 64,251 (30,610) (32,357)
Financing Activities      
Dividends Paid (184,811) (98,093) (97,915)
Purchases of Treasury Stock (137,615) (177,066) (218,141)
Distributions to Noncontrolling Interests in Subsidiaries (31,258) (39,960) (25,979)
Contributions from Noncontrolling Interests in Subsidiaries 69,144 72,823 55,171
Cash paid for Business Acquisitions (3,236) (2,065) (7,105)
Proceeds from New Borrowings 0 0 488,300
Payments on Debt 0 0 (361,650)
Other Financing Activities 1,379 1,274 (1,194)
Net Cash Provided (Used) by Financing Activities (286,397) (243,087) (168,513)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents (3,795) 7,865 (20,174)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 120,613 45,999 102,904
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 386,954 340,955 238,051
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 507,567 386,954 340,955
Less: Restricted Cash Recorded in Other Current Assets 2,663 3,498 3,773
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 463 276 400
Cash and Cash Equivalents 504,441 383,180 336,782
Cash paid during the year for:      
Income taxes 125,870 108,639 85,579
Interest $ 11,592 $ 11,648 $ 7,184