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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities    
Net Income $ 48,643 $ 14,494
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration (2,790) 251
Equity Method Investments 4,041 (1,862)
Equity-Based and Other Deferred Compensation 92,313 86,950
Depreciation, Amortization and Accretion 12,237 14,202
Bad Debt Expense 417 566
Deferred Taxes 1,608 (1,109)
Decrease (Increase) in Operating Assets:    
Marketable Securities 166 553
Financial Instruments Owned and Pledged as Collateral at Fair Value 35,540 (856)
Securities Purchased Under Agreements to Resell (7,333) 1,321
Accounts Receivable 28,172 (19,995)
Receivable from Employees and Related Parties (5,018) 2,254
Other Assets (17,955) 5,221
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (31,204) (49,418)
Accounts Payable and Accrued Expenses 272 (1,185)
Securities Sold Under Agreements to Repurchase (28,228) (478)
Payables to Employees and Related Parties 1,989 (2,388)
Taxes Payable (12,440) (886)
Other Liabilities (1,628) (594)
Net Cash Provided by Operating Activities 118,802 47,041
Cash Flows From Investing Activities    
Investments Purchased (2,327) (1,214)
Distributions of Private Equity Investments 1,175 906
Marketable Securities:    
Proceeds from Sales and Maturities 26,739 60,642
Purchases (29,141) (22,618)
Cash Acquired from Acquisitions 66 0
Change in Restricted Cash 0 2,393
Purchase of Furniture, Equipment and Leasehold Improvements (1,988) (11,874)
Net Cash Provided by (Used In) Investing Activities (5,476) 28,235
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 3,189 296
Distributions to Noncontrolling Interests (17,341) (11,984)
Cash Paid for Deferred and Contingent Consideration 0 (3,000)
Purchase of Treasury Stock and Noncontrolling Interests (99,730) (65,159)
Excess Tax Benefits Associated with Equity-Based Awards 7,720 865
Dividends - Class A Stockholders (21,214) (17,703)
Other 0 (78)
Net Cash Provided by (Used in) Financing Activities (127,376) (96,763)
Effect of Exchange Rate Changes on Cash (1,583) 923
Net Increase (Decrease) in Cash and Cash Equivalents (15,633) (20,564)
Cash and Cash Equivalents-Beginning of Period 259,431 182,905
Cash and Cash Equivalents-End of Period 243,798 162,341
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 10,767 11,694
Payments for Income Taxes 50,187 8,565
Furniture, Equipment and Leasehold Improvements Accrued 621 397
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest 123 (1,303)
Dividend Equivalents Issued 4,409 3,598
Notes Exchanged for Equity in Subsidiary 1,042 0
Settlement of Contingent Consideration 2,494 0
Receipt of Marketable Securities in Settlement of Accounts Receivable $ 1,730 $ 0