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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net Income Including the Noncontrolling Interests in Subsidiaries $ 272,308 $ 336,022 $ 277,125
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Depreciation and Other Amortization 30,010 29,932 27,999
Share-Based Compensation Expense 30,294 26,669 25,057
Subsidiary Share-Based Compensation Expense 9,411 8,786 7,888
(Gain) Loss on Disposal of Assets (6,964) 1,382 (1,085)
Provision (Benefit) for Deferred Income Taxes 19,033 18,169 7,452
Net Unrealized (Gain) Loss on Investments (1,965) (19,403) (6,915)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (179,419) (12,978) (26,434)
Consolidation/(Deconsolidation) of Investment Companies 10,379 (3,051) 0
Other Changes in Assets and Liabilities:      
(Increase) Decrease in Receivables, net 6,662 11,654 (7,250)
(Increase) Decrease in Prepaid Expenses and Other Assets 10,275 (33,588) 7,411
Increase (Decrease) in Accounts Payable and Accrued Expenses (6,365) 695 30,912
Increase (Decrease) in Other Liabilities (23,276) 8,952 (7,220)
Net Cash Provided (Used) by Operating Activities 170,383 373,241 334,940
Investing Activities      
Purchases of Investments—Affiliates and Other (9,429) (25,513) (103,445)
Cash Paid for Business Acquisitions, net of Cash Acquired 0 2,697 785
Cash Paid for Asset Acquisitions (5,324) 0 (58,046)
Proceeds from Redemptions of Investments—Affiliates and Other 35,990 11,493 81,068
Cash Paid for Property and Equipment (10,421) (13,500) (15,045)
Net Cash Provided (Used) by Investing Activities 10,816 (24,823) (94,683)
Financing Activities      
Dividends Paid (105,764) (207,765) (109,147)
Purchases of Treasury Stock (228,349) (66,759) (15,740)
Distributions to Noncontrolling Interests in Subsidiaries (4,926) (16,218) (3,580)
Contributions from Noncontrolling Interests in Subsidiaries 107,635 20,985 9,356
Payments to Acquire Additional Equity in HFML (165,886) 0 0
Proceeds from New Borrowings 295,650 100,000 8,800
Payments on Debt (147,300) (125,000) (43,800)
Other Financing Activities (532) (379) 1,431
Net Cash Provided (Used) by Financing Activities (249,472) (295,136) (152,680)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents (2,311) 5,842 4,508
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (70,584) 59,124 92,085
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 308,635 249,511 157,426
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 238,051 308,635 249,511
Less: Restricted Cash Recorded in Other Current Assets 4,419 6,455 0
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 305 361 337
Cash and Cash Equivalents 233,327 301,819 249,174
Cash paid during the year for:      
Income taxes 91,925 98,730 72,612
Interest $ 1,133 $ 2,393 $ 4,606