XML 91 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 274,165 $ 385,843 $ 279,380
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in net income attributable to AB Unitholders (305,504) (416,326) (308,404)
Cash distributions received from AB 394,470 385,236 298,919
Changes in assets and liabilities:      
Decrease (increase) in other assets 0 92 (31)
(Decrease) increase in other liabilities (517) 264 150
Net cash provided by operating activities 362,614 355,109 270,014
Cash flows from investing activities:      
Acquisition of business, net cash acquired 40,777 0 0
Contribution of CarVal to AB (40,777) 0  
Payments For Contributions To Affiliates (1,590) 0 0
Investments in AB with proceeds from exercise of compensatory options to buy AB Holding Units (178) (3,402) (147)
Net cash used in investing activities (1,768) (3,402) (147)
Cash flows from financing activities:      
Cash distributions to Unitholders (361,024) (357,455) (270,881)
Capital contributions from AB 0 2,346 867
Proceeds from exercise of compensatory options to buy AB Holding Units 178 3,402 147
Net cash used in financing activities (360,846) (351,707) (269,867)
Change in cash and cash equivalents 0 0 0
Cash and cash equivalents as of beginning of the year 0 0 0
Cash and cash equivalents as of end of the year 0 0 0
Cash paid:      
Income taxes 31,862 30,127 28,906
Non-cash investing activities:      
Fair value of assets acquired (less cash acquired of $40.8 million) 1,087,218 0 0
Fair value of liabilities assumed 296,750 0 0
Fair value of non-redeemable non-controlling interest assumed 13,191 0 0
Fair value of assets contributed to AB (less cash acquired of $40.8 million) (1,087,218) 0 0
Fair value of liabilities contributed to AB (296,750) 0 0
Fair value of non-redeemable non-controlling interest contributed to AB (13,191) 0 0
Issuance of AB Holding Units to fund long-term incentive compensation plan awards 76,230 151,082 107,366
Retirement of AB Holding Units (114,794) (143,460) (78,388)
Non-cash financing activities:      
Payables recorded under contingent payment arrangements 228,885 0 0
Equity consideration issued in connection with acquisition 589,169 0 0
Payables contributed to and assumed by AB under contingent payment arrangements (228,885) 0 0
Equity consideration received from AB in connection with acquisition $ (589,169) $ 0 $ 0