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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (15,199) $ 120,975
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property 11,144 10,258
Noncash lease expense 15,155 17,089
Amortization of deferred expenses and share-based incentive compensation 108,254 90,633
Amortization and other acquisition-related costs 48 15
Deferred tax provision 40,235 26,261
Benefit pursuant to tax receivable agreement (40,435)  
Impairment of equity method investments and other receivables 22,981  
Loss on LGAC liquidation 17,929  
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net (43,689) (15,160)
Investments (160,276) 44,236
Other assets (7,717) (26,435)
Accrued compensation and benefits and other liabilities (359,848) (481,402)
Net cash used in operating activities (411,418) (213,530)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (4,612) (13,510)
Disposals of property 2 2
Acquisition of business, net of cash acquired (10,516)  
Net cash used in investing activities (15,126) (13,508)
Proceeds from:    
Customer deposits, net   302,342
Contributions from noncontrolling interests 50 191
Payments for:    
Customer deposits, net (239,051)  
Distributions to noncontrolling interests (2,042) (4,474)
Tax receivable agreement (32,191) (20,945)
Distribution to redeemable noncontrolling interests in connection with LGAC redemption (585,891)  
Purchase of Class A common stock (98,925) (175,797)
Class A common stock dividends (42,524) (46,664)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (45,165) (58,005)
LFI Consolidated Funds redemptions (21,566) (10,976)
Other financing activities (5,110) (4,915)
Net cash used in financing activities (1,072,415) (19,243)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 15,705 (51,822)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,483,254) (298,103)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 2,639,400 3,430,014
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— March 31 $ 1,156,146 $ 3,131,911