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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 493,496 $ 484,989
Cash segregated under regulatory requirements 16,424 17,021
Financial instruments owned, at fair value 41,302 39,319
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 1,852,062 559,680
Accrued commissions and other receivables, net 330,544 288,471
Loans, forgivable loans and other receivables from employees and partners, net 352,719 319,612
Fixed assets, net 181,059 183,478
Investments 38,810 38,575
Goodwill 502,017 486,585
Other intangible assets, net 204,553 192,783
Receivables from related parties 4,135 1,444
Other assets 467,150 463,014
Total assets 4,484,271 3,074,971
Liabilities, Redeemable Partnership Interest, and Equity    
Short-term borrowings 1,968 1,917
Accrued compensation 176,629 176,781
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,675,926 404,675
Payables to related parties 2,918 10,550
Accounts payable, accrued and other liabilities 688,801 683,104
Notes payable and other borrowings 1,121,588 1,049,217
Total liabilities 3,667,830 2,326,244
Commitments, contingencies and guarantees (Note 19)
Redeemable partnership interest 15,423 15,519
Stockholders’ equity:    
Additional paid-in capital 2,604,259 2,559,418
Treasury stock, at cost: 146,935 and 146,076 shares of Class A common stock at March 31, 2023 and December 31, 2022, respectively (715,081) (711,454)
Retained deficit (1,122,827) (1,138,066)
Accumulated other comprehensive income (loss) (43,522) (45,431)
Total stockholders’ equity 728,166 669,645
Noncontrolling interest in subsidiaries 72,852 63,563
Total equity 801,018 733,208
Total liabilities, redeemable partnership interest, and equity 4,484,271 3,074,971
Class A Common Stock    
Stockholders’ equity:    
Common stock value 4,878 4,719
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 459 $ 459