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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 53,378 $ 128,311
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense, intangible asset and other amortization 32,223 23,196
Stock-based compensation 14,119 15,844
Amortization of deferred commissions 2,700 1,462
Payments of deferred commissions (1,962) (3,241)
Equity in earnings of equity method investments (977) (2,561)
Distributions from equity method investments 2,102 1,908
Sales (purchases) of investments, net (9,952) (3,395)
Change in fair value of contingent consideration 2,900 0
Deferred taxes, net (2,271) (1,518)
Changes in operating assets and liabilities:    
Accounts receivable, net and other assets 31,069 (43,203)
Accrued compensation and benefits, accounts payable, accrued liabilities and other liabilities (110,581) (12,651)
Operating activities of consolidated investment products ("CIP"):    
Net cash provided by (used in) operating activities 37,611 239,180
Cash Flows from Investing Activities:    
Capital expenditures and other asset purchases (4,361) (4,336)
Acquisition of businesses, net of cash acquired of $8,443 (19,773) 0
Net cash provided by (used in) investing activities (24,442) (5,527)
Cash Flows from Financing Activities:    
Payment of long-term debt (11,375) (11,826)
Common stock dividends paid (24,190) (13,748)
Repurchase of common shares (70,000) (12,499)
Payment of contingent consideration (33,036) 0
Taxes paid related to net share settlement of restricted stock units (15,284) (19,214)
Net contributions from (distributions to) noncontrolling interests (3,598) (6,636)
Net cash provided by (used in) financing activities (240,177) (167,645)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (306) 0
Net increase (decrease) in cash, cash equivalents and restricted cash (227,314) 66,008
Cash, cash equivalents and restricted cash, beginning of period 586,145 339,849
Cash, cash equivalents and restricted cash, end of period 358,831 405,857
Non-Cash Investing Activities:    
Contingent consideration 1,200 137,664
Non-Cash Financing Activities:    
Increase (decrease) to noncontrolling interests due to consolidation (deconsolidation) of CIP, net (338) (8,001)
Common stock dividends payable 11,229 6,277
Reconciliation of cash, cash equivalents and restricted cash    
Cash, cash equivalents and restricted cash at end of period 358,831 405,857
Consolidated entity excluding consolidated investment products    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized and unrealized (gains) losses on investments, net 13,562 (3,381)
Operating activities of consolidated investment products ("CIP"):    
Realized and unrealized (gains) losses on investments of CIP, net 13,562 (3,381)
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 250,530  
Consolidated Investment Products    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized and unrealized (gains) losses on investments, net 33,715 (1,961)
Operating activities of consolidated investment products ("CIP"):    
Realized and unrealized (gains) losses on investments of CIP, net 33,715 (1,961)
Purchases of investments by CIP (441,042) (664,837)
Sales of investments by CIP 417,706 790,575
Net proceeds (purchases) of short-term investments and securities sold short by CIP (45) 15,103
Change in other assets and liabilities of CIP 967 (471)
Cash Flows from Investing Activities:    
Change in cash and cash equivalents of CIP due to consolidation (deconsolidation), net (308) (1,191)
Cash Flows from Financing Activities:    
Payments on borrowings by CIP (82,694) $ (103,722)
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 107,674  
Cash pledged or on deposit of CIP $ 627