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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 218,185 $ 418,765
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property 24,857 25,303
Noncash lease expense 40,268  
Amortization of deferred expenses and share-based incentive compensation 317,111 294,380
Amortization and other acquisition-related (benefits) costs 9,534 (13,468)
Deferred tax provision (benefit) (6,413) 27,287
Loss on extinguishment of debt 6,505 6,523
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net 6,866 (82,161)
Investments 43,559 (184,542)
Other assets (128,562) (144,592)
Accrued compensation and benefits and other liabilities (213,501) (56,035)
Net cash provided by operating activities 318,409 291,460
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (40,669) (39,343)
Disposals of property 98 1,365
Net cash used in investing activities (40,571) (37,978)
Proceeds from:    
Issuance of senior debt, net of expenses 492,032 490,970
Customer deposits, net 345,394 79,960
Contributions from noncontrolling interests 1,193 553
Payments for:    
Senior debt (255,746) (255,543)
Distributions to noncontrolling interests (8,913) (10,232)
Payments under tax receivable agreement (23,687) (31,897)
Purchase of Class A common stock (430,281) (306,591)
Class A common stock dividends (205,559) (307,850)
Settlement of share-based incentive compensation (96,956) (109,485)
Other financing activities (6,144) (5,566)
Net cash used in financing activities (188,667) (455,681)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (92,487) (66,355)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (3,316) (268,554)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—January 1 2,291,885 2,454,806
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—September 30 $ 2,288,569 $ 2,186,252