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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 413,951 $ 336,535
Cash segregated under regulatory requirements 223,529 80,243
Securities owned 60,398 58,408
Marketable securities 13,220 32,064
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 3,469,098 941,866
Accrued commissions and other receivables, net 535,553 516,091
Loans, forgivable loans and other receivables from employees and partners, net 266,920 216,868
Fixed assets, net 195,380 157,169
Investments 35,969 35,403
Goodwill 552,427 504,646
Other intangible assets, net 308,500 298,779
Receivables from related parties 9,094 7,748
Other assets 464,018 246,937
Total assets 6,548,057 3,432,757
Liabilities, Redeemable Partnership Interest, and Equity    
Short-term borrowings 4,803 5,162
Repurchase agreements 1,895 986
Securities loaned 13,000 15,140
Accrued compensation 216,062 195,234
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 3,299,451 769,833
Payables to related parties 97,836 40,155
Accounts payable, accrued and other liabilities 985,413 754,819
Notes payable and other borrowings 1,105,498 763,548
Total liabilities 5,723,958 2,544,877
Commitments, contingencies and guarantees (Note 19)
Redeemable partnership interest 24,560 24,706
Stockholders’ equity:    
Additional paid-in capital 2,243,889 2,208,221
Treasury stock, at cost: 50,525 and 50,270 shares of Class A common stock at September 30, 2019 and December 31, 2018, respectively (315,308) (314,240)
Retained deficit (1,176,741) (1,105,019)
Accumulated other comprehensive income (loss) (33,652) (24,465)
Total stockholders’ equity 722,175 768,373
Noncontrolling interest in subsidiaries 77,364 94,801
Total equity 799,539 863,174
Total liabilities, redeemable partnership interest, and equity 6,548,057 3,432,757
Class A Common Stock [Member]    
Stockholders’ equity:    
Common stock value 3,528 3,417
Class B Common Stock [Member]    
Stockholders’ equity:    
Common stock value $ 459 $ 459