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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net income $ 173,755 $ 35,513 $ 38,360
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Gain on divestiture and sale of investments, net of tax (550,759) (52,471)  
Fixed asset depreciation and intangible asset amortization 47,152 50,985 49,281
Employee loan amortization and reserves on employee loans 194,996 35,596 31,785
Equity-based compensation and allocations of net income to limited partnership units and FPUs 433,998 144,447 143,536
Losses on equity investments 9,508 11,775 6,605
Accretion of discount on convertible notes 5,157 4,378 1,808
Recognition of earn-out and related hedges (39,529)    
Recognition of deferred revenue     (4,583)
Impairment of fixed assets 6,101 1,255 785
Impairment of marketable securities   291 4,047
Deferred tax (benefit) provision (81,989) (11,550) 1,963
Sublease provision adjustment 318 (2,596) 4,956
Other 1,508 (65) 96
Consolidated net income, adjusted for non-cash and non-operating items 200,216 217,558 278,639
Decrease (increase) in operating assets:      
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers (51,710) (104,241) 282,941
Loans, forgivable loans and other receivables from employees and partners, net (49,478) (63,315) (70,038)
Accrued commissions receivable, net (49,542) 37,751 (4,928)
Securities owned (1,213) (16,187) (5,695)
Receivables from related parties (5,362) (14,726) (2,447)
Cash segregated under regulatory requirements (5,295) (424) (570)
Other assets (73,422) (2,046) (10,413)
Increase (decrease) in operating liabilities:      
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 48,973 109,596 (293,140)
Payables to related parties (24,862) 21,000 9,405
Securities sold, not yet purchased 2,031    
Accounts payable, accrued and other liabilities 145,167 23,371 (15,438)
Accrued compensation 30,863 (37,137) (82,972)
Net cash provided by operating activities 166,366 171,200 85,344
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of fixed assets (22,988) (36,759) (27,190)
Capitalization of software development costs (15,000) (14,032) (15,940)
Purchase of equity method investments (1,748) (17,501) (1,749)
Proceeds from sale of investment   52,471  
Payments for acquisitions, net of cash acquired (746) (31,413) (46,703)
Proceeds from divestiture, net 575,287    
Purchase of marketable securities (5,361)    
Sale of marketable securities   906  
Distribution from equity method investments   928  
Purchase of notes receivable   (22,000)  
Purchase of exchange membership (1,696)    
Capitalization of trademarks, patent defense and registration costs (995) (583) (1,064)
Net cash provided by (used in) investing activities 526,753 (67,983) (92,646)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from collateralized borrowings   30,983 21,425
Repayments of collateral borrowings (48,246) (24,778) (17,272)
Repayment of Newmark debt     (13,835)
Issuance of convertible notes, net of debt issuance costs     155,620
Issuance of senior notes, net of deferred issuance costs   108,716  
Purchase of capped call     (11,392)
Earnings distributions to noncontrolling interests (98,345) (92,330) (84,332)
Redemption of limited partnership interests (107,191) (13,491) (1,841)
Repurchase of limited partnership units (6,154)    
Dividends to stockholders (91,395) (90,590) (77,244)
Proceeds from offering of Class A common stock, net   12,667 15,632
Repurchase of Class A common stock (15,528) (337) (392)
Proceeds from exercises of stock options     8,812
Proceeds from short-term borrowings   90,000 30,000
Repayments of short-term borrowings   (103,600) (16,400)
Tax impact on delivery of equity awards 4,700   3,357
Cancelation of restricted stock units in satisfaction of withholding tax requirements (1,216) (2,280) (3,580)
Other 32 32 63
Net cash (used in) provided by financing activities (363,343) (85,008) 8,621
Effect of exchange rate changes on cash and cash equivalents (1,266) 487 4,290
Net increase in cash and cash equivalents 328,510 18,696 5,609
Cash and cash equivalents at beginning of period 388,409 369,713 364,104
Cash and cash equivalents at end of period 716,919 388,409 369,713
Supplemental cash information:      
Cash paid during the period for taxes 152,105 20,292 16,682
Cash paid during the period for interest 33,175 27,187 20,520
Supplemental non-cash information:      
Issuance of Class A common stock upon exchange of limited partnership interests 65,908 90,199 79,115
Donations with respect to Charity Day 5,720 13,401 12,076
Issuance of Class A common stock upon purchase of notes receivable   3,055  
Use of notes receivable in business acquisition   25,617  
Issuance of Class A and contingent Class A common stock for acquisitions 1,776 9,026 26,778
Issuance of Class A common stock upon exchange of Cantor units     8,407
Issuance of Class B common stock upon exchange of Cantor units     $ 8,407