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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities:    
Net income $ 487,374 $ 360,052
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation and amortization 47,487 43,124
Amortization of loans and advances to financial advisors and other employees 115,803 104,703
Amortization of premium on investment portfolio 6,442 7,444
Provision for credit losses and allowance for loans and advances to financial advisors and other employees 13,509 22,736
Amortization of intangible assets 17,710 13,872
Deferred income taxes (43,545) (33,022)
Stock-based compensation 118,447 106,237
Unrealized gains on sale of investments (311) (2,290)
Gain on sale of leased aircraft engines (20,816) 0
Other, net (2,435) 2,141
Receivables:    
Brokerage clients (75,475) 38,711
Brokers, dealers, and clearing organizations (145,855) 56,477
Securities purchased under agreements to resell (315,218) (64,205)
Financial instruments owned, including those pledged (398,350) (269,580)
Loans originated as held for sale (1,531,378) (614,254)
Proceeds from loans held for sale 1,383,014 626,663
Loans and advances to financial advisors and other employees (141,509) (130,665)
Other assets 114,950 (31,913)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients (66,024) (65,852)
Brokers, dealers, and clearing organizations (38,031) 60,363
Drafts 16,742 (24,780)
Financial instruments sold, but not yet purchased 236,961 93,131
Other liabilities and accrued expenses 16,363 (74,940)
Net cash (used in)/provided by operating activities (204,145) 224,153
Cash Flows From Investing Activities:    
Principal paydowns, calls, maturities, and sales of available-for-sale securities 206,665 112,928
Calls and principal paydowns of held-to-maturity securities 1,537,637 89,815
Sale or maturity of investments 5,204 15,694
Sale of leased aircraft engines 44,248 0
(Increase)/decrease in loans held for investment, net (764,645) 147,629
Payments for:    
Purchase of fixed assets (56,357) (39,026)
Purchase of available-for-sale securities (237,640) (19,635)
Purchase of held-to-maturity securities (2,262,874) 0
Purchase of investments (8,098) (15,272)
Acquisitions, net of cash received (8,106) (113,452)
Net cash (used in)/provided by investing activities (1,543,966) 178,681
Cash Flows From Financing Activities:    
Payment of contingent consideration (902) (6,045)
Increase in securities sold under agreements to repurchase 240,340 196,939
Increase in bank deposits, net 785,939 477,247
Increase in securities loaned 16,562 36,465
Tax payments related to shares withheld for stock-based compensation plans (104,029) (83,909)
Repayment of senior notes (500,000) 0
Repurchase of common stock (98,529) (300,152)
Cash dividends on preferred stock (27,961) (27,961)
Cash dividends paid to common stock and equity-award holders (144,638) (123,582)
Net cash provided by financing activities 166,782 169,002
Effect of exchange rate changes on cash 2,766 914
(Decrease)/increase in cash, cash equivalents, and cash segregated for regulatory purposes (1,578,563) 572,750
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 3,523,849 2,229,002
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,945,286 2,801,752
Supplemental disclosure of cash flow information:    
Cash paid for interest 763,539 575,121
Cash paid for income taxes, net of refunds 185,354 104,569
Noncash financing activities:    
Unit grants, net of forfeitures $ 157,748 $ 179,078