Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income (loss)	$ 146,010	$ 309,464
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Bad debt expense (benefit)	2,717	1,733
Depreciation and amortization	5,798	5,033
Equity-based compensation	96,767	108,824
Deferred tax provision	29,009	28,363
Gain on equity method investment	(2,768)	(22,508)
Other	7,683	(11,442)
Changes in assets and liabilities:
Accounts receivable	(20,891)	(28,339)
Accrued and other receivables	22,836	(19,393)
Prepaid expenses and other assets	(23,369)	(922)
Deferred compensation	(7,031)	(1,836)
Compensation payable	(299,083)	170,149
Accounts payable, accrued expenses and other liabilities	(49,062)	3,446
Deferred revenue	(960)	1,209
Dividends received	2,936	3,356
Net cash provided by (used in) operating activities	(89,408)	547,137
Cash flows from investing activities
Purchases of investments	(286,870)	(380,496)
Proceeds from sales of investments	295,045	270,083
Note payments received from (issued to) employees		70
Purchases of equipment and leasehold improvements	(3,928)	(11,890)
Proceeds from partial sale of equity method investment		29,164
Net cash provided by (used in) investing activities	4,247	(93,069)
Cash flows from financing activities
Payments for dividends and tax distributions	(129,779)	(259,589)
Payments for treasury stock purchases	(146,290)	(100,022)
Payments under tax receivable agreement	(248)	(16,336)
Other proceeds	1,900
Net cash provided by (used in) financing activities	(274,417)	(375,947)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(12,490)	(1,672)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(372,068)	76,449
Cash, cash equivalents, and restricted cash, beginning of period	521,014	203,284
Cash, cash equivalents, and restricted cash, end of period	148,946	279,733
Cash paid during the period for:
Income taxes, net	74,696	48,532
Other non-cash activity
Class A Partnership Units or other equity converted into Class A Common Stock	7,795	4,193
Dividends in kind	$ 15,304	33,293
Non-cash settlement of accounts receivable		15,125
Forfeiture of fully-vested Group LP units or other equity units		$ 25