| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
CASH FLOWS PROVIDED BY (USED FOR): | ||||||
Operating activities: | ||||||
Net income (loss) | ||||||
445,700 | 499,600 | 658,400 | 177,300 | 331,400 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
62,600 | 62,600 | 52,800 | 27,800 | 23,400 | ||
Impairment of intangible asset | ||||||
18,000 | 7,200 | - | - | - | ||
Deferred income taxes | ||||||
-4,700 | -10,500 | -355,600 | 2,000 | -8,100 | ||
Stock-based compensation plan expense | ||||||
74,200 | 82,400 | 67,400 | 37,300 | 43,600 | ||
Investment gains (losses), net | ||||||
34,200 | -40,900 | 18,000 | 1,200 | 39,700 | ||
Gains from equity-method investments, net | ||||||
- | - | -600 | -3,100 | 17,900 | ||
Impairment of right-of-use operating asset | ||||||
4,700 | - | - | - | - | ||
Contributions to pension plans in excess of costs recognized | ||||||
-1,000 | 16,100 | 20,900 | 4,600 | 3,700 | ||
Contingent consideration adjustment | ||||||
-20,000 | - | - | - | - | ||
Gain from BNP Paribas transaction | ||||||
- | 22,300 | - | - | - | ||
Dai-ichi option fair value adjustments | ||||||
- | -26,800 | - | - | - | ||
Other, net | ||||||
11,100 | -4,800 | -7,200 | -18,100 | -2,300 | ||
Changes in operating assets and liabilities: | ||||||
OEIC and unit trust receivables and payables | ||||||
-400 | -3,900 | 900 | 4,400 | - | ||
Other assets | ||||||
16,400 | -134,500 | 117,800 | 6,100 | -43,800 | ||
Other accruals and liabilities | ||||||
-57,000 | -89,400 | 170,900 | -14,200 | -9,100 | ||
Net operating activities | ||||||
463,200 | 670,800 | 444,100 | 235,100 | 388,900 | ||
Investing activities: | ||||||
Cash acquired from acquisition of JCG | ||||||
- | - | 417,200 | - | - | ||
Acquisition of subsidiaries, net of cash acquired | ||||||
- | - | - | - | 57,800 | ||
Investment securities - seed capital, net | ||||||
- | - | - | - | 14,900 | ||
Proceeds from (purchase of): | ||||||
Investment securities, net | ||||||
-1,500 | -35,100 | -7,500 | -20,600 | 40,300 | ||
Property, equipment and software | ||||||
37,800 | 29,100 | 17,700 | 14,200 | 12,100 | ||
Intangibles | ||||||
- | - | - | - | 4,000 | ||
Investment income received by consolidated funds | ||||||
- | - | -7,900 | -6,500 | - | ||
Cash movement on deconsolidation of consolidated funds | ||||||
- | - | 11,200 | 8,400 | - | ||
Proceeds from BNP Paribas transaction, net | ||||||
- | 36,500 | - | - | - | ||
Cash received (paid) on settled hedges, net | ||||||
34,900 | -16,000 | 23,700 | 47,900 | - | ||
Dividends received from equity-method investments | ||||||
400 | - | 200 | 700 | 2,400 | ||
Dividends attributable to noncontrolling interests | ||||||
- | - | -2,600 | - | - | ||
Proceeds from sale of interests in equity-method investments, net | ||||||
- | - | - | - | 122,700 | ||
Proceeds from sale of Volantis | ||||||
2,300 | 5,900 | 500 | - | - | ||
Net investing activities | ||||||
-389,300 | 100,900 | 519,500 | -108,300 | 56,800 | ||
Financing activities: | ||||||
Settlement of convertible note hedge | ||||||
- | - | 59,300 | - | - | ||
Settlement of stock warrant | ||||||
- | - | 47,800 | - | - | ||
Proceeds from issuance of options | ||||||
- | - | 25,700 | - | - | ||
Proceeds from stock-based compensation plans | ||||||
- | 8,600 | 6,000 | 11,000 | 15,600 | ||
Purchase of common stock for stock-based compensation plans | ||||||
39,000 | 86,600 | 52,100 | 54,300 | 96,300 | ||
Purchase of common stock for share buyback program | ||||||
199,900 | 99,800 | - | - | - | ||
Dividends paid to shareholders | ||||||
272,400 | 275,100 | 256,000 | 157,500 | 161,000 | ||
Repurchase of common stock | ||||||
- | - | - | - | 38,200 | ||
Repayment of long-term debt | ||||||
- | 95,300 | 92,500 | 203,400 | - | ||
Payment of contingent consideration | ||||||
14,100 | 22,700 | - | - | - | ||
Distributions to noncontrolling interests | ||||||
1,300 | 8,100 | 5,000 | - | - | ||
Third-party sales (redemptions) in consolidated seeded investment products, net | ||||||
320,800 | -36,500 | -141,400 | 65,600 | 58,400 | ||
Principal payments under capital lease obligations | ||||||
1,100 | 1,300 | 900 | - | - | ||
Net financing activities | ||||||
-207,000 | -616,800 | -504,700 | -338,600 | -221,500 | ||
Cash and cash equivalents: | ||||||
Effect of foreign exchange rate changes | ||||||
13,000 | -32,500 | 12,100 | -48,700 | -19,000 | ||
Net change | ||||||
-120,100 | 122,400 | 471,000 | -260,500 | 205,200 | ||
Supplemental cash flow information: | ||||||
Cash paid for interest | ||||||
14,600 | 14,800 | 8,000 | 7,300 | 16,700 | ||
Cash paid for income taxes, net of refunds | ||||||
160,000 | 184,700 | 113,100 | 40,700 | 14,400 | ||
Consolidated VIEs | ||||||
Investment securities by consolidated seeded investment products, net | ||||||
-320,800 | 36,500 | 141,400 | 65,600 | - | ||