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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net income $ 32,487 $ 37,007 $ 145,096
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on originated mortgage servicing rights (6,389) (28,806)  
Depreciation and amortization 22,513 18,237  
Equity-based compensation and allocations of net income to limited partnership units 25,809    
Employee loan amortization and impairment 6,009 1,974  
Change in fair value of contingent consideration 134    
Unrealized gains on loans held for sale (15,126) (2,102)  
Income from an equity method investment (3,176)    
Amortization of deferred financing costs 255 259  
Provision for uncollectible accounts 1,140 (211)  
Realized gain on marketable securities (2,400)    
Unrealized gain on marketable securities (796)    
Loan originations—loans held for sale (1,410,690) (1,842,357)  
Loan sales—loans held for sale 822,811 2,139,634  
Consolidated net income, adjusted for non-cash and non-operating items (527,419) 323,635  
Changes in operating assets and liabilities:      
Receivables, net (19,374) 4,340  
Loans, forgivable loans and other receivables from employees and partners (24,583) (6,226)  
Other assets (14,063) 10,498  
Accrued compensation (35,069) (33,599)  
Accounts payable, accrued expenses and other liabilities 30,114 (2,237)  
Net cash provided by (used in) operating activities (590,394) 296,411  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash acquired, net of purchases of noncontrolling interest   (997)  
Proceeds from the sale of marketable securities 52,196    
Investment in cost method investments (7,500)    
Purchases of fixed assets (1,714) (3,053)  
Purchase of mortgage servicing rights (509)    
Net cash provided (used in) by investing activities 42,473 (4,050)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from warehouse notes payable 1,410,690 1,842,357  
Principal payments on warehouse notes payable (820,651) (1,879,963)  
Proceeds from BGC's purchase of exchangeability limited partnership units in Newmark Holdings 241,960    
Payments to related parties (13,000) (578,263)  
Borrowings from related parties 177,016 354,493  
Repayment of long-term debt (270,710)    
Payments for IPO offering costs (8,870)    
Secured loans (49,001)    
Distributions to noncontrolling interests (100) (71)  
Payments on acquisition earn-outs (758) (10,513)  
Payment of deferred financing costs (16) (9)  
Net cash provided (used in) by financing activities 666,560 (271,969)  
Net increase (decrease) in cash and cash equivalents 118,639 20,392  
Cash and cash equivalents and restricted cash at beginning of period 173,374 117,554 117,554
Cash and cash equivalents and restricted cash at end of period 292,013 137,946 173,374
Cash paid during the period for:      
Interest 12,922 2,969  
Taxes 19 $ 18  
Cash and cash equivalents 48,069   121,027
Restricted cash $ 243,944   $ 52,347