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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Consolidated net income (loss) $ 49,990 $ 77,731 $ 147,421 $ 128,847 $ 81,729
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:          
Fixed asset depreciation and intangible asset amortization     43,047 41,078  
Amortization of mortgage servicing rights, net     33,925 33,161  
Employee loan amortization and reserves on employee loans     16,769 17,194  
Equity-based compensation and allocations of net income to limited partnership units and FPUs     167,342 128,560  
Deferred compensation expense     4,223 6,208  
Gain on originated mortgage servicing rights     (31,731) (69,265)  
Unrealized losses (gains) on loans held for sale     (7,288) (2,534)  
Loan originations - loans held for sale     (2,659,827) (5,811,773)  
Loan sales - loans held for sale     2,481,782 5,952,293  
Losses (gains) on equity method investments (2,854) (1,602) (8,655) (1,839)  
Amortization of discount (premium) on notes payable     (470) (458)  
Unrealized (gain) loss on marketable securities     (5,726) (10,243)  
Unrealized loss on derivative asset     2,808    
Impairment of fixed assets, intangible assets and investments     1,900 1,638  
Deferred tax provision (benefit)     7,121 2,975  
Realized losses (gains) on marketable securities     (10,787) (1,222)  
Change in estimated acquisition earn-out payables     (980) (3,770)  
Loss (gain) on other investments     (21,207) (224)  
Other     (1,761) (932)  
Consolidated net income (loss), adjusted for non-cash and non-operating items     157,906 409,694  
Decrease (increase) in operating assets:          
Reverse repurchase agreements       54,659  
Securities owned     (24,407) 1,614  
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers     (969,177) (1,147,417)  
Accrued commissions and other receivables, net     (117,435) (78,145)  
Loans, forgivable loans and other receivables from employees and partners, net     (91,732) (47,704)  
Receivables from related parties     (2,169) (4,099)  
Other assets     (27,832) (18,486)  
Increase (decrease) in operating liabilities:          
Repurchase agreements     3,108    
Securities loaned     (124,839) 95,327  
Accrued compensation     (5,059) (28,714)  
Payables to broker-dealers, clearing organizations, customers and related broker-dealers     909,570 1,108,124  
Payables to related parties     36,632 9,553  
Accounts payable, accrued and other liabilities     61,278 82,473  
Net cash provided by (used in) operating activities     (194,156) 436,879  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of fixed assets     (21,347) (21,571)  
Capitalization of software development costs     (19,927) (14,341)  
Purchase of equity and cost method investments     (22,867) (888)  
Proceeds from equity method investments     5,724 243  
Payments for acquisitions, net of cash and restricted cash acquired     (6,190) 14,434  
Advances to related parties       (285,000)  
Repayments from related parties       155,000  
Purchase of mortgage servicing rights     (1,608)    
Proceeds from sale of marketable securities     146,581 7,829  
Capitalization of trademarks, patent defense and registration costs       (248)  
Net cash (used in) provided by investing activities     80,366 (144,542)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayments of notes payable and other borrowings     (430,794) (3,523)  
Proceeds from notes payable and other borrowings     70,000 29,907  
Proceeds from warehouse notes payable     2,659,827 5,851,890  
Repayments on warehouse notes payable     (2,479,696) (5,175,950)  
Proceeds from issuance of exchangeable preferred partnership units in Newmark Partners, L.P.     152,886    
Advances from related parties       241,000  
Repayments to related parties       (931,000)  
Earnings distributions     (129,235) (68,304)  
Redemption and repurchase of limited partnership interests     (19,383) (24,156)  
Dividends to stockholders     (113,133) (96,510)  
Repurchase of Class A common stock     (9,711) (10,590)  
Cancellation of restricted stock units in satisfaction of withholding tax requirements     (647) (52)  
Proceeds from issuance of Class A common stock, net of costs     324,177    
Loan from related parties     130,000    
Proceeds from short-term borrowings       150,000  
Loans to related parties       (150,000)  
Payments on acquisitions earn-outs     (7,252) (10,509)  
Net cash (used in) provided by financing activities     147,039 (197,797)  
Effect of exchange rate changes on cash and cash equivalents, Restricted cash and Cash segregated under regulatory requirements     (8,014) 7,686  
Net (decrease) increase in cash and cash equivalents, Restricted cash and Cash segregated under regulatory requirements     25,235 102,226  
Cash and cash equivalents, Restricted cash and Cash segregated under regulatory requirements at beginning of period     796,790 593,435 593,435
Cash and cash equivalents, Restricted cash and Cash segregated under regulatory requirements at end of period $ 822,025 $ 695,661 822,025 695,661 $ 796,790
Supplemental cash information:          
Cash paid during the period for taxes     24,208 20,782  
Cash paid during the period for interest     51,537 45,467  
Supplemental non-cash information:          
Issuance of Class A common stock upon exchange of limited partnership interests     99,901 56,443  
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions     $ 7,134 $ 4,225