Consolidated Statements of Cash Flows (Consolidated Legg Mason, USD $) In Thousands, unless otherwise specified	12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2011
Consolidated Legg Mason
Cash Flows from Operating Activities
Net Income (Loss)	$ (359,748)	$ 231,031	$ 245,763
2.5% Convertible Senior Notes:
Allocation of repurchase payment	(216,038)	0	0
Loss on extinguishment	68,975	0	0
Adjustments to reconcile Net Income (Loss) to net cash provided by operations:
Impairment of intangible assets	734,000	0	0
Depreciation and amortization	87,848	93,795	102,748
Imputed interest for 2.5% Convertible Senior Notes	5,839	39,077	36,688
Accretion and amortization of securities discounts and premiums, net	3,295	4,552	4,539
Stock-based compensation	58,983	48,735	56,245
Net (gains) losses on investments	(43,684)	(1,714)	(58,851)
Net losses (gains) of consolidated investment vehicles	5,358	(6,711)	3,959
Deferred income taxes	(157,355)	49,192	80,272
Other	1,725	(12,191)	5,393
Decrease (increase) in assets:
Investment advisory and related fees receivable	(11,045)	31,790	(13,794)
Net (purchases) sales of trading and other current investments	189,347	(40,020)	(55,540)
Other receivables	(9,712)	1,432	1,962
Other assets	(1,605)	1,810	(20,923)
Other assets of consolidated investment vehicles	(14,378)	53,720	25,880
Increase (decrease) in liabilities:
Accrued compensation	(54,964)	42,763	75,970
Deferred compensation	(530)	(35,148)	(44,825)
Accounts payable and accrued expenses	8,690	(11,147)	(251)
Other liabilities	3,112	28,135	(49,954)
Other liabilities of consolidated investment vehicles	5,219	(22,332)	16,859
Cash Provided by (Used in) Operating Activities	303,332	496,769	412,140
Cash Flows From Investing Activities
Payments for fixed assets	(38,351)	(31,822)	(32,904)
Business acquisition, net of cash acquired	(55,277)	0	0
Proceeds from sale of assets	0	3,060	0
Change in restricted cash	(7,245)	11,221	0
Purchases of investment securities	(5,787)	(6,493)	(8,430)
Proceeds from sales and maturities of investment securities	5,272	6,197	9,077
Purchases of investments by consolidated investment vehicles	(98,374)	(141,727)	(173,261)
Proceeds from sales and maturities of investments by consolidated investment vehicles	188,739	161,894	161,047
Cash Provided by (Used In) Investing Activities	(11,023)	2,330	(44,471)
Cash Flows From Financing Activities
Repayment of short-term borrowings	(250,000)	0	0
Third-party distribution financing, net	0	0	(1,639)
Repayment of 2.5% Convertible Senior Notes, net of operating allocation	(1,040,212)	(1,014)	(3,515)
Repayment of long-term debt	(9,006)	0	0
Repayment of long term debt of Consolidated Investment Vehicles	(75,561)	0	0
Proceeds from issuance of long-term debt	1,143,246	0	0
Debt issuance costs	(10,289)	0	0
Issuance of common stock	1,986	4,538	14,440
Repurchase of common stock, including net shares	(436,818)	(401,797)	(445,465)
Dividends paid	(55,250)	(43,602)	(26,813)
Net repayments of consolidated investment vehicles	0	(18,309)	(7,025)
Net (redemptions/distributions paid to)/subscriptions received from noncontrolling interest holders	(3,993)	(21,596)	1,551
Cash Used In Financing Activities	(735,897)	(481,780)	(468,466)
Effect of Exchange Rate on Cash	(5,639)	(10,974)	10,827
Net Increase (Decrease) in Cash and Cash Equivalents	(449,227)	6,345	(89,970)
Cash and Cash Equivalents at Beginning of Period	1,382,263	1,375,918	1,465,888
Cash and Cash Equivalents at End of Period	933,036	1,382,263	1,375,918
Income taxes, net of (refunds) payments of $(2,313), $(12,034) and $(12,090), respectively	32,318	24,552	39,524
Interest	$ 40,262	$ 41,039	$ 46,620