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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (135,575) $ 212,626
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of property 21,660 21,045
Noncash lease expense 32,509 32,487
Currency translation adjustment reclassification 0 127
Amortization of deferred expenses and share-based incentive compensation 250,030 212,538
Amortization and other acquisition-related costs 143 30
Deferred tax provision (benefit) (114,314) 43,398
Benefit pursuant to tax receivable agreement (40,435) 0
Impairment of equity method investments and other receivables 22,981 0
Impairment of assets associated with cost-saving initiatives 7,490 0
Loss on LGAC liquidation 17,929 0
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net (18,079) 46,339
Investments (112,661) 112,536
Other assets (5,052) (62,425)
Accrued compensation and benefits and other liabilities (137,048) (533,600)
Net cash provided by (used in) operating activities (210,422) 85,101
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (11,990) (19,697)
Disposals of property 100 213
Acquisition of business, net of cash acquired (10,516) 0
Net cash used in investing activities (22,406) (19,484)
Proceeds from:    
Customer deposits, net 0 514,610
Contributions from noncontrolling interests 180 208
Payments for:    
Customer deposits, net (349,479) 0
Distributions to noncontrolling interests (4,061) (9,462)
Tax receivable agreement (32,208) (20,961)
Distribution to redeemable noncontrolling interests in connection with LGAC redemption (585,891) 0
Purchase of Class A common stock (99,097) (375,185)
Class A common stock dividends (85,925) (92,676)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (48,709) (58,739)
LFI Consolidated Funds redemptions (31,789) (13,219)
Other financing activities (7,209) (6,750)
Net cash used in financing activities (1,244,188) (62,174)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 17,517 (207,967)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,459,499) (204,524)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 2,639,400 3,430,014
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—June 30 $ 1,179,901 $ 3,225,490