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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net Income $ 148,512 $ 57,690 $ 107,371
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration 1,124 5,517 (2,505)
Equity Method Investments 2,602 2,818 4,476
Equity-Based and Other Deferred Compensation 258,295 207,533 111,771
Impairment of Goodwill and Equity Method Investments 8,100 28,500 0
Depreciation, Amortization and Accretion 25,223 29,636 18,773
Bad Debt Expense 2,261 1,314 1,027
Deferred Taxes 10,043 (3,627) 14,315
Decrease (Increase) in Operating Assets:      
Marketable Securities 937 556 550
Financial Instruments Owned and Pledged as Collateral at Fair Value 18,249 46,018 (54,032)
Securities Purchased Under Agreements to Resell (11,890) 4,726 10,303
Accounts Receivable (64,522) (46,442) (51,166)
Receivable from Employees and Related Parties 5,934 (3,937) (6,646)
Other Assets (33,080) (3,903) (7,651)
(Decrease) Increase in Operating Liabilities:      
Accrued Compensation and Benefits 48,258 51,732 27,251
Accounts Payable and Accrued Expenses (10,030) 5,418 6,231
Securities Sold Under Agreements to Repurchase (6,387) (50,803) 43,771
Payables to Employees and Related Parties (1,581) 8,704 (2,601)
Taxes Payable 3,626 17,850 (2,650)
Other Liabilities 10,424 (2,449) (2,616)
Net Cash Provided by Operating Activities 416,098 356,851 215,972
Cash Flows From Investing Activities      
Investments Purchased (2,047) (819) (10,944)
Distributions of Private Equity Investments 183 6,821 672
Marketable Securities:      
Proceeds from Sales and Maturities 46,547 32,318 34,719
Purchases (69,568) (39,101) (28,760)
Cash Paid for Acquisitions and Deconsolidation of Cash, net of Cash Acquired (2,877) (5,647) 42,869
(Increase) Decrease in Restricted Cash (2,303) 0 0
Loans Receivable 0 (3,500) 0
Purchase of Furniture, Equipment and Leasehold Improvements (18,439) (16,189) (13,521)
Net Cash Provided by (Used in) Investing Activities (48,504) (26,117) 25,035
Cash Flows From Financing Activities      
Issuance of Noncontrolling Interests 885 594 2,135
Distributions to Noncontrolling Interests (38,154) (23,723) (10,655)
Payments Under Tax Receivable Agreement (12,039) (11,045) (9,086)
Cash Paid for Deferred and Contingent Consideration (5,050) 0 (2,255)
Short-Term Borrowing 50,000 45,000 75,000
Repayment of Short-Term Borrowing (50,000) (45,000) (75,000)
Exercise of Warrants, net 0 6,416 0
Repayment of Subordinated Borrowings (6,000) 0 0
Payment of Notes Payable - Mizuho (120,000) 0 0
Issuance of Notes Payable 170,000 0 0
Debt Issuance Costs (2,084) 0 0
Purchase of Treasury Stock and Noncontrolling Interests (173,958) (160,733) (156,242)
Excess Tax Benefits Associated with Equity-Based Awards 5,471 10,820 35,262
Dividends - Class A Stockholders (51,558) (46,132) (38,754)
Net Cash Provided by (Used in) Financing Activities (232,487) (223,803) (179,595)
Effect of Exchange Rate Changes on Cash (25,347) (10,327) (7,705)
Net Increase in Cash and Cash Equivalents 109,760 96,604 53,707
Cash and Cash Equivalents-Beginning of Period 448,764 352,160 298,453
Cash and Cash Equivalents-End of Period 558,524 448,764 352,160
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Payments for Interest 14,074 16,035 13,725
Payments for Income Taxes 106,126 47,820 18,283
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest 0 (1,331) 3,261
Dividend Equivalents Issued 7,836 6,514 6,038
Receipt of Securities in Settlement of Accounts Receivable 0 1,079 2,083
Exchange of Notes Payable as Consideration for Exercise of Warrants 0 118,347 0
Purchase of Treasury Stock in Exchange for Notes Issuance and Warrant Proceeds 0 123,673 0
Settlement of Contingent Consideration 0 0 7,232
Purchase of Noncontrolling Interest 0 0 7,100
Reclassification from Redeemable Noncontrolling Interest to Noncontrolling Interest 0 0 27,477
Shares and LP Units Issued as Consideration for Acquisitions and Investments 0 0 79,576
Assets Acquired in Acquisitions 0 0 106,848
Liabilities Assumed in Acquisitions 0 0 64,864
Glisco [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Assets Deconsolidated 8,302 0 0
Liabilities Deconsolidated 2,343 0 0
GCP III [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Decrease in Noncontrolling Interest from Deconsolidation 5,808 0 0
Atalanta Sosnoff [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Assets Deconsolidated 0 2,053 0
Liabilities Deconsolidated 0 2,074 0
Decrease in Noncontrolling Interest from Deconsolidation 0 16,090 0
Decrease in Redeemable Noncontrolling Interest from Atalanta Sosnoff Deconsolidation 0 2,683 0
Decrease in Goodwill from Atalanta Sosnoff Deconsolidation 0 27,274 0
Decrease in Intangible Assets from Atalanta Sosnoff Deconsolidation $ 0 $ 13,924 $ 0