XML 116 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 188,601 $ (211,567) $ 427,099
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred sales commissions 40,262 37,675 47,397
Amortization of non-cash long-term incentive compensation 21,830 474,103 122,612
Depreciation and other amortization 76,257 83,489 81,697
Unrealized (gains) losses on long-term incentive compensation-related investments (15,395) 12,037 (39,094)
Unrealized (gains) losses on consolidated venture capital fund (18,233) 38,974 39,534
Unrealized (gains) losses on other investments (40,541) 23,535 (10,414)
Real estate asset write-off charges 41,450 4,639 25,521
Other, net 1,552 5,069 3,722
Changes in assets and liabilities:      
(Increase) in segregated cash and securities (271,471) (169,964) (124,560)
(Increase) decrease in receivables (226,553) 1,164 (399,549)
Decrease (increase) in investments 136,901 (110,600) 24,062
(Increase) in deferred sales commissions (75,693) (21,518) (33,366)
Decrease (increase) in other assets 4,363 (26,048) 26,223
(Decrease) increase in payables 613,345 284,680 543,638
(Decrease) increase in accounts payable and accrued expenses 137,898 (26,343) 86,567
Increase in accrued compensation and benefits 69,406 178,870 9,045
Net cash provided by operating activities 683,979 578,195 830,134
Cash flows from investing activities:      
Purchases of investments (108) (56) (73)
Proceeds from sales of investments 780 3,507 4,349
Purchases of furniture, equipment and leasehold improvements (21,650) (39,590) (25,302)
Proceeds from sales of furniture, equipment and leasehold improvements 2,636 1,251 1,801
Purchase of businesses, net of cash acquired 0 (41,835) (14,298)
Net cash used in investing activities (18,342) (76,723) (33,523)
Cash flows from financing activities:      
Issuance (repayment) of commercial paper, net (123,250) 219,363 (24,247)
Increase in overdrafts payable (244) (38,640) 15,278
Distributions to General Partner and unitholders (321,434) (476,466) (495,096)
Distributions to non-controlling interests in consolidated entities (10,168) (1,073) (35,023)
Capital contributions from General Partner 4,440 4,793 4,879
Additional investments by Holding with proceeds from exercise of compensatory options to buy Holding Units 0 1,478 8,287
Additional investments by Holding from distributions paid to AllianceBernstein consolidated rabbi trust 11,595 5,727 2,205
Purchases of Holding Units to fund long-term incentive compensation plan awards, net (238,015) (220,813) (226,370)
Purchases of AllianceBernstein Units (3,195) (6,522) (8,521)
Debt issuance costs (1,933) (69) (1,932)
Other (31) (26) (51)
Net cash used in financing activities (682,235) (512,248) (760,591)
Effect of exchange rate changes on cash and cash equivalents 5,099 (734) (45)
Net (decrease) in cash and cash equivalents (11,499) (11,510) 35,975
Cash and cash equivalents as of beginning of the period 638,681 650,191 614,216
Cash and cash equivalents as of end of the period 627,182 638,681 650,191
Cash paid:      
Interest 4,809 3,001 3,721
Income taxes. 10,063 29,477 43,072
Non-cash investing activities:      
Fair value of assets acquired 0 30,368 49,041
Fair value of liabilities assumed $ 0 $ (4,999) $ (34,743)