XML 114 R99.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Statements of Cash Flows (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 284,288 $ 73,673 $ 56,556
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation expense 6,699 4,723 4,388
Decrease (increase) in:      
Prepaid expenses and other current assets (2,577) 1,103 8,693
Increase (decrease) in:      
Accounts payable and accrued expenses (2,350) 981 (4,363)
Total adjustments 327,495 322,582 371,989
Net cash provided by operating activities 611,783 396,255 428,545
Cash flows from investing activities:      
Net cash used in investing activities (1,930,129) (689,902) (761,792)
Cash flows from financing activities:      
Issuance of preferred shares, net of underwriting discount 290,550    
Purchase of treasury shares (72,220) (68,493) (8,597)
Issuance of common shares upon exercise of share options 9,043 1,295 126
Dividends paid on common shares (12,285)    
Dividends paid on preferred shares (9,975)    
Other (970)    
Net cash provided by financing activities 1,395,832 220,730 386,182
Effect of exchange rate changes (79) 177 42
Cash and cash equivalents, beginning of the year 131,018    
Cash and cash equivalents, end of the year 206,210 131,018  
Parent Company      
Cash flows from operating activities:      
Net income 284,288 72,822 56,724
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in net income of subsidiaries (289,133) (76,076) (60,813)
Dividends received from subsidiaries 61,000 76,167 46,823
Share-based compensation expense 6,699 4,723 4,388
Decrease (increase) in:      
Prepaid expenses and other current assets (42) (26) (128)
Increase (decrease) in:      
Accounts payable and accrued expenses 436 (82) (237)
Total adjustments (221,040) 4,706 (9,967)
Net cash provided by operating activities 63,248 77,528 46,757
Cash flows from investing activities:      
Investments in subsidiaries (269,436) (2,050) (41,865)
Net cash used in investing activities (269,436) (2,050) (41,865)
Cash flows from financing activities:      
Issuance of preferred shares, net of underwriting discount 290,550    
Purchase of treasury shares (72,220) (68,493) (8,597)
Issuance of common shares upon exercise of share options 9,043 1,295 126
Dividends paid on common shares (12,285)    
Dividends paid on preferred shares (9,975)    
Due to (from) affiliates, net 448 (2,041) 49
Other (970)    
Net cash provided by financing activities 204,591 (69,239) (8,422)
Effect of exchange rate changes (79) 177 42
Net (decrease) increase in cash and cash equivalents (1,676) 6,416 (3,488)
Cash and cash equivalents, beginning of the year 12,372 5,956 9,444
Cash and cash equivalents, end of the year $ 10,696 $ 12,372 $ 5,956