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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenues $ 2,705,527 $ 2,906,443 $ 1,904,998
Expenses:      
Compensation and employee benefits 1,554,784 1,828,887 1,147,360
Equity-based compensation and allocations of net income to limited partnership units and FPUs 138,312 356,345 130,759
Total compensation and employee benefits 1,693,096 2,185,232 1,278,119
Operating, administrative and other 534,843 553,623 294,405
Fees to related parties 28,502 23,789 22,573
Depreciation and amortization 165,816 121,729 141,193
Total operating expenses 2,422,257 2,884,373 1,736,290
Other (loss) income, net (97,701) 1,232,495 15,290
Income from operations 185,569 1,254,565 183,998
Interest expense, net (30,970) (33,473) (37,728)
Income before income taxes and noncontrolling interests 154,599 1,221,092 146,270
Provision for income taxes 42,054 242,958 36,993
Consolidated net income 112,545 978,134 109,277
Less: Net income attributable to noncontrolling interests 29,270 227,406 29,217
Net income available to common stockholders 83,275 750,728 80,060
Basic earnings per share      
Net income available to common stockholders [1] $ 83,275 $ 744,528 $ 70,281
Basic earnings per share (in usd per share) $ 0.46 $ 3.91 $ 0.39
Basic weighted-average shares of common stock outstanding (in shares) 180,337 190,179 179,106
Fully diluted earnings per share      
Net income for fully diluted shares $ 110,403 $ 744,528 $ 70,281
Fully diluted earnings per share (in usd per share) $ 0.45 $ 3.80 $ 0.39
Fully diluted weighted-average shares of common stock outstanding (in shares) 245,177 195,813 179,690
Management services, servicing fees and other      
Revenues:      
Revenues $ 909,485 $ 915,715 $ 626,136
Leasing and other commissions      
Revenues:      
Revenues 831,874 826,942 513,842
Investment sales      
Revenues:      
Revenues 606,416 757,744 403,971
Commercial mortgage origination, net      
Revenues:      
Revenues $ 357,752 $ 406,042 $ 361,049
[1] Includes a reduction for dividends on EPUs in the amount of $6.2 million and $9.8 million for the years ended December 31, 2021 and 2020, respectively (see Note 1 — “Organization and Basis of Presentation”).