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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 592,977 $ 570,839 $ 527,422
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred sales commissions 49,145 41,508 41,279
Non-cash long-term incentive compensation expense 176,160 176,636 159,020
Depreciation and other amortization 56,426 62,515 60,009
Unrealized losses (gains) on investments 29,281 13,343 (42,080)
Losses on real estate asset write-offs 0 429 3,837
Other, net (2,888) (1,819) (70)
Changes in assets and liabilities:      
(Increase) decrease in segregated cash and securities (88,997) 504,307 570,742
(Increase) decrease in receivables (121,985) (444,536) 140,254
Decrease (increase) in investments 58,053 3,563 (10,781)
(Increase) in deferred sales commissions (29,925) (89,224) (16,423)
(Increase) decrease in other assets (42,690) (6,375) 755
Increase (decrease) in payables 65,309 (85,226) (867,447)
(Decrease) in accounts payable and accrued expenses (39,047) (64,588) (51,880)
(Decrease) in accrued compensation and benefits (34,645) (51,283) (9,076)
Net cash provided by operating activities 667,174 630,089 505,561
Cash flows from investing activities:      
Purchases of investments (168) (492) (7,702)
Proceeds from sales of investments 4,240 140 10,884
Purchases of furniture, equipment and leasehold improvements (30,217) (25,433) (21,615)
Proceeds from sales of furniture, equipment and leasehold improvements 2 176 12
Purchase of businesses, net of cash acquired 0 (60,610) (38,636)
Net cash used in investing activities (26,143) (86,219) (57,057)
Cash flows from financing activities:      
Issuance (repayment) of commercial paper, net 93,867 219,818 (55,754)
Increase (decrease) in overdrafts payable 79,540 (38,967) 52,277
Distributions to General Partner and Unitholders (597,872) (572,348) (461,282)
Distributions to non-controlling interests in consolidated entities (12,165) (12,199) (10,865)
Capital contributions from affiliates 2,041 511 1,820
Payments of contingent payment arrangements/purchase of shares (5,027) (759) (4,426)
Additional investments by AB Holding with proceeds from exercise of compensatory options to buy AB Holding Units 9,233 18,955 15,138
Additional investments by AB Holding from distributions paid to AB consolidated rabbi trust 0 0 14,076
Purchases of AB Holding Units to fund long-term incentive compensation plan awards, net (213,484) (90,143) (111,619)
Purchases of AB Units (805) (1,553) (1,805)
Other (26) (1,546) 62
Net cash used in financing activities (644,698) (478,231) (562,378)
Effect of exchange rate changes on cash and cash equivalents (10,353) (20,027) (3,417)
Net (decrease) increase in cash and cash equivalents (14,020) 45,612 (117,291)
Cash and cash equivalents as of beginning of the period 555,503 509,891 627,182
Cash and cash equivalents as of end of the period 541,483 555,503 509,891
Cash paid:      
Interest paid 3,984 3,148 3,692
Income taxes paid 25,999 42,028 13,423
Non-cash investing activities:      
Fair value of assets acquired 0 87,821 81,929
Fair value of liabilities assumed 0 1,342 26,193
Fair value of redeemable non-controlling interest recorded 0 16,504 0
Non-cash financing activities:      
Payables recorded under contingent payment arrangements $ 0 $ 9,365 $ 17,100