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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities    
Net Income $ 191,396 $ 120,524
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration 1,941 1,135
Equity Method Investments 3,673 2,698
Equity-Based and Other Deferred Compensation 141,225 99,237
Impairment of Goodwill and Equity Method Investments 0 21,507
Depreciation, Amortization and Accretion 13,523 11,969
Bad Debt Expense 1,622 1,140
Deferred Taxes (1,576) (6,425)
Decrease (Increase) in Operating Assets:    
Marketable Securities 36 367
Financial Instruments Owned and Pledged as Collateral at Fair Value 508 3,876
Securities Purchased Under Agreements to Resell (50) (4,674)
Accounts Receivable (92,014) 48,588
Receivable from Employees and Related Parties (4,075) (1,019)
Other Assets (4,401) 9,134
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (81,922) (128,598)
Accounts Payable and Accrued Expenses 6,506 (1,534)
Securities Sold Under Agreements to Repurchase (447) 777
Payables to Employees and Related Parties 13,415 11,107
Taxes Payable (11,125) (18,266)
Other Liabilities (3,728) (15,739)
Net Cash Provided by Operating Activities 174,507 155,804
Cash Flows From Investing Activities    
Investments Purchased (45) (49)
Distributions of Private Equity Investments 1,578 514
Marketable Securities:    
Proceeds from Sales and Maturities 41,950 23,124
Purchases (176,202) (14,736)
Maturity of Certificates of Deposit 63,527 0
Purchase of Certificates of Deposit (50,000) 0
Purchase of Furniture, Equipment and Leasehold Improvements (7,178) (16,804)
Net Cash Provided by (Used in) Investing Activities (126,370) (7,951)
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 830 110
Distributions to Noncontrolling Interests (20,584) (15,944)
Short-Term Borrowing 30,000 30,000
Repayment of Short-Term Borrowing (30,000) (30,000)
Repayment of Subordinated Borrowings (6,799) (9,751)
Purchase of Treasury Stock and Noncontrolling Interests (185,373) (240,377)
Dividends - Class A Stockholders (37,019) (29,510)
Net Cash Provided by (Used in) Financing Activities (248,945) (295,472)
Effect of Exchange Rate Changes on Cash (1,576) (54)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (202,384) (147,673)
Cash, Cash Equivalents and Restricted Cash-Beginning of Period 617,385 575,637
Cash, Cash Equivalents and Restricted Cash-End of Period 415,001 427,964
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 9,636 9,322
Payments for Income Taxes 32,796 66,963
Accrued Dividends 5,869 4,714
Settlement of Contingent Consideration $ 0 $ 10,780