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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 207,922 $ 218,185
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property 25,716 24,857
Noncash lease expense 46,965 40,268
Amortization of deferred expenses and share-based incentive compensation 282,955 317,111
Amortization and other acquisition-related costs 1,359 9,534
Deferred tax provision (benefit) 30,680 (6,413)
Loss on extinguishment of debt   6,505
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net 86,038 6,866
Investments (1,035) 43,559
Other assets (160,066) (128,562)
Accrued compensation and benefits and other liabilities (265,128) (213,501)
Net cash provided by operating activities 255,406 318,409
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (34,210) (40,669)
Disposals of property 151 98
Net cash used in investing activities (34,059) (40,571)
Proceeds from:    
Issuance of senior debt, net of expenses   492,032
Customer deposits   345,394
Contributions from noncontrolling interests 91 1,193
Payments for:    
Senior debt   (255,746)
Customer deposits (37,850)  
Distributions to noncontrolling interests (1,921) (8,913)
Payments under tax receivable agreement (25,454) (23,687)
Purchase of Class A common stock (95,227) (430,281)
Class A common stock dividends (147,233) (205,559)
Settlement of share-based incentive compensation (71,508) (96,956)
Other financing activities (5,316) (6,144)
Net cash used in financing activities (384,418) (188,667)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 52,234 (92,487)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (110,837) (3,316)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 2,455,559 2,291,885
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— September 30 $ 2,344,722 $ 2,288,569