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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities:      
Net income $ 824,858 $ 503,472 $ 449,986
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 45,574 40,863 38,369
Amortization of loans and advances to financial advisors and other employees 114,690 103,983 95,053
Amortization of premium on investment portfolio 17,042 20,739 34,229
Provision for credit losses and allowance for loans and advances to financial advisors and other employees (11,502) 33,925 11,007
Amortization of intangible assets 18,188 19,620 16,015
Deferred income taxes 32,104 (39,071) (6,863)
Stock-based compensation 119,384 108,217 102,190
Unrealized losses/(gains) on investments 2,999 18,908 (7,922)
Other, net 26,222 (10,326) (38,554)
Receivables:      
Brokerage clients, net (214,033) 415,286 (17,487)
Brokers, dealers, and clearing organizations (8,496) 78,298 (8,655)
Securities purchased under agreements to resell (266,801) 167,078 314,892
Financial instruments owned, including those pledged (271,475) 278,904 335,548
Loans originated as held for sale (1,997,561) (3,019,290) (1,848,568)
Proceeds from mortgages held for sale 2,313,934 2,894,742 1,782,455
Loans and advances to financial advisors and other employees (172,553) (179,995) (210,646)
Other assets (96,700) (117,471) (36,290)
Increase/(decrease) in operating liabilities, net of liabilities assumed:      
Brokerage clients (92,015) 323,493 (210,712)
Brokers, dealers, and clearing organizations 6,535 (71,144) 63,822
Drafts 4,880 (2,021) 14,871
Financial instruments sold, but not yet purchased 229,708 (224,874) (284,510)
Other liabilities and accrued expenses 247,112 318,480 38,631
Net cash provided by operating activities 872,094 1,661,816 626,861
Cash Flows From Investing Activities:      
Principal paydowns, calls, maturities, and sales of available-for-sale securities 562,352 896,746 1,224,619
Calls and principal paydowns of held-to-maturity securities 1,751,313 159,964 482,079
Sale of fixed assets 148,375    
Sale or maturity of investments 19,606 2,139 14,699
Sale of other real estate owned     8,950
Disposition of business   37,000  
Increase in loans held for investment, net (5,609,314) (1,441,303) (1,208,817)
Payments for:      
Purchase of available-for-sale securities (813,657) (864,200) (239,965)
Purchase of held-to-maturity securities (2,668,221) (384,700) (243,335)
Purchase of investments (23,309) (21,317) (37,563)
Purchase of fixed assets (188,176) (73,364) (157,897)
Acquisitions, net of cash acquired (144,471) (280) (193,097)
Net cash used in investing activities (6,965,502) (1,689,315) (350,327)
Cash Flows from Financing Activities:      
Proceeds from preferred stock issuance, net 290,888 217,995 154,988
Increase/(decrease) in securities sold under agreements to repurchase 135,588 (200,679) (168,069)
Increase/(decrease) in bank deposits, net 5,883,851 2,063,916 (531,032)
Increase/(decrease) in securities loaned 4,095 (463,210) 114,135
Repayments of borrowings, net     (62,810)
Repayments of Federal Home Loan Bank advances, net   (250,000) (290,000)
Proceeds from issuance of senior notes, net   394,030  
Repayments of senior notes   (300,000)  
Tax payments related to shares withheld for stock-based compensation plans (78,565) (75,838) (33,268)
Redemption of preferred stock (150,000)    
Repurchase of common stock (172,741) (58,261) (215,430)
Cash dividends on preferred stock (35,587) (27,261) (17,319)
Cash dividends paid to common stock and equity-award holders (66,336) (46,497) (41,948)
Cash paid to employees upon settlement of equity awards   (27,101)  
Payment of contingent consideration (16,798) (28,221) (9,526)
Proceeds from non-controlling interests     26,800
Other     (3,391)
Net cash provided by/(used in) financing activities 5,794,395 1,198,873 (1,076,870)
Effect of exchange rate changes on cash (3,536) 6,862 4,932
(Decrease)/increase in cash, cash equivalents, and cash segregated for regulatory purposes (302,549) 1,178,236 (795,404)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of year 2,452,206 1,273,970 2,069,374
Cash, cash equivalents, and cash segregated for regulatory purposes at end of year 2,149,657 2,452,206 1,273,970
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds 288,950 160,007 161,926
Cash paid for interest 62,510 84,821 183,012
Noncash investing and financing activities:      
Unit grants, net of forfeitures 156,535 $ 125,033 $ 139,408
Issuance of common stock for acquisitions $ 90,000