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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net Income Including the Noncontrolling Interests in Subsidiaries $ 200,567 $ 94,235
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Depreciation and Amortization 11,053 11,159
Share-Based Compensation Expense 17,509 16,571
(Gain) Loss on Disposal of Assets (3,232) 243
Provision (Benefit) for Deferred Income Taxes (849) (4,631)
Consolidation/(Deconsolidation) of Other Entities 0 (2,759)
Net Unrealized (Gain) Loss on Investments (8,943) (998)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (83,444) (8,964)
Impairment of Intangible Asset 0 66,331
Other Changes in Assets and Liabilities:    
(Increase) Decrease in Receivables, net (5,507) 7,392
(Increase) Decrease in Prepaid Expenses and Other Assets (3,748) 6,297
Increase (Decrease) in Accounts Payable and Accrued Expenses (79,061) (62,846)
Increase (Decrease) in Other Liabilities (11,259) (19,325)
Net Cash Provided (Used) by Operating Activities 33,086 102,705
Investing Activities    
Purchases of Investments—Affiliates and Other (2,738) (28,611)
Cash Paid for Business Acquisitions, Net of Cash Acquired (12,755) 0
Proceeds from Redemptions of Investments—Affiliates and Other 5,735 66,322
Cash Paid for Property and Equipment (1,758) (6,547)
Other Investing Activities (6,028) 0
Net Cash Provided (Used) by Investing Activities (17,544) 31,164
Financing Activities    
Dividends Paid (52,151) (134,015)
Purchases of Treasury Stock (185,655) (85,268)
Distributions to Noncontrolling Interests in Subsidiaries (21,903) (7,840)
Contributions from Noncontrolling Interests in Subsidiaries 90,440 19,027
Other Financing Activities 8 (479)
Net Cash Provided (Used) by Financing Activities (169,261) (208,575)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 17,622 (1,337)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (136,097) (76,043)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 507,567 386,954
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 371,470 310,911
Less: Restricted Cash Recorded in Other Current Assets 0 3,005
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 483 473
Cash and Cash Equivalents $ 370,987 $ 307,433