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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net income $ 173,549 $ 173,015
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,675 10,907
Amortization of loans and advances to financial advisors and other employees 32,849 26,961
Amortization of premium on investment portfolio 3,880 4,498
Provision for credit losses and allowance for loans and advances to financial advisors and other employees 8,240 (5,252)
Amortization of intangible assets 5,094 4,268
Deferred income taxes 25,732 47,253
Stock-based compensation 45,502 32,029
Gains on sale of investments (3,799) (4,284)
Other, net (3,666) 26,582
Receivables:    
Brokerage clients (167,365) (266,101)
Brokers, dealers, and clearing organizations (108,419) (12,940)
Securities purchased under agreements to resell (227,798) (252,095)
Financial instruments owned, including those pledged (122,632) (287,254)
Loans originated as held for sale (236,323) (754,317)
Proceeds from mortgages held for sale 202,870 952,053
Loans and advances to financial advisors and other employees (45,237) (30,700)
Other assets 46,390 (238,950)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients (62,495) (178,278)
Brokers, dealers, and clearing organizations 115,682 44,423
Drafts (33,389) (39,591)
Financial instruments sold, but not yet purchased 185,265 206,784
Other liabilities and accrued expenses (507,658) 20,804
Net cash provided by operating activities (662,053) (520,185)
Cash Flows From Investing Activities:    
Principal paydowns, calls, and maturities of available-for-sale securities 80,221 128,302
Calls and principal paydowns of held-to-maturity securities 102,744 480,635
Sale or maturity of investments 10,092 1,108
Increase in loans held for investment, net (1,039,983) (1,079,671)
Payments for:    
Purchase of fixed assets (12,628) (11,245)
Purchase of available-for-sale securities (1,906) (427,596)
Purchase of held-to-maturity securities (70,000) (811,473)
Purchase of investments (4,235) (2,675)
Acquisitions, net of cash received 0 (315)
Net cash used in investing activities (935,695) (1,722,930)
Cash Flows From Financing Activities:    
Proceeds from Federal Home Loan Bank advances, net 28,000 0
Payment of contingent consideration (5,974) (10,480)
Increase in securities sold under agreements to repurchase 144,667 17,273
Increase in bank deposits, net 915,278 1,318,636
Increase in securities loaned 223,717 86,577
Tax payments related to shares withheld for stock-based compensation plans (84,259) (66,839)
Repurchase of common stock 0 (12,038)
Cash dividends on preferred stock (9,320) (8,289)
Cash dividends paid to common stock and equity-award holders (36,451) (15,682)
Net cash provided by financing activities 1,175,658 1,309,158
Effect of exchange rate changes on cash (3,084) 2,336
Decrease in cash, cash equivalents, and cash segregated for regulatory purposes (425,174) (931,621)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 2,149,657 2,452,206
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,724,483 1,520,585
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 9,806 8,394
Cash paid for interest 15,731 15,610
Noncash financing activities:    
Unit grants, net of forfeitures $ 156,069 $ 128,639