XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 335,418 $ 331,255
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property 31,895 28,315
Noncash lease expense 46,046 52,509
Currency translation adjustment reclassification 265 23,630
Amortization of deferred expenses and share-based incentive compensation 333,100 325,645
Amortization of intangible assets related to acquisitions 45 45
Deferred tax provision 55,725 53,766
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net 43,233 26,453
Investments 236,275 (360,959)
Other assets (72,312) (33,946)
Accrued compensation and benefits and other liabilities (490,029) (33,489)
Net cash provided by operating activities 519,661 413,224
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (24,986) (25,290)
Disposals of property 272 699
Other investing activities (7,500)  
Net cash used in investing activities (32,214) (24,591)
Proceeds from:    
Contributions from noncontrolling interests 388 413
Customer deposits, net 281,360 295,837
Payments for:    
Distributions to noncontrolling interests (27,062) (7,731)
Payments under tax receivable agreement (21,035) (10,215)
Purchase of Class A common stock (612,175) (286,193)
Class A common stock dividends (138,914) (147,593)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (61,257) (67,525)
LFI Consolidated Funds redemptions (11,296)  
Other financing activities (10,841) (21,369)
Net cash provided by (used in) financing activities (600,832) 321,272
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (353,914) (117,706)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (467,299) 592,199
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 3,430,014 2,568,827
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— September 30 $ 2,962,715 3,161,026
LGAC [Member]    
Proceeds from:    
LGAC IPO   575,000
Payments for:    
Payments of LGAC IPO underwriting fees and other offering costs   $ (9,352)