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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net income $ 99,439 $ 88,761
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 10,290 6,664
Amortization of loans and advances to financial advisors and other employees 21,596 19,141
Amortization of premium on investment portfolio 8,727 5,646
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 1,611 2,658
Amortization of intangible assets 3,593 2,738
Deferred income taxes 2,102 16,487
Stock-based compensation 32,119 27,072
(Gains)/losses on sale of investments (2,174) 2,884
Other, net (6,429) (3,871)
Receivables:    
Brokerage clients (182,761) (56,146)
Brokers, dealers, and clearing organizations (72,766) (85,843)
Securities purchased under agreements to resell 131,866 (156,782)
Financial instruments owned, including those pledged 2,641 (37,363)
Loans originated as held for sale (272,301) (404,200)
Proceeds from mortgages held for sale 333,478 373,919
Loans and advances to financial advisors and other employees (50,216) (5,599)
Other assets (24,357) (69,119)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients (200,229) (29,277)
Brokers, dealers, and clearing organizations 21,639 18,703
Drafts (4,263) (30,872)
Financial instruments sold, but not yet purchased 31,754 180,672
Other liabilities and accrued expenses (252,199) (238,121)
Net cash used in operating activities (366,840) (371,848)
Cash Flows From Investing Activities:    
Maturities and principal paydowns of available-for-sale securities 93,349 129,926
Calls and principal paydowns of held-to-maturity securities 114,535 230,172
Sale or maturity of investments   9,575
Increase in bank loans, net (195,186) (130,566)
Payments for:    
Purchase of fixed assets (72,868) (4,586)
Purchase of available-for-sale securities (250) (92,145)
Purchase of held-to-maturity securities   (379,490)
Acquisitions, net of cash received (28,523) (29,209)
Net cash used in investing activities (88,943) (266,323)
Cash Flows From Financing Activities:    
Proceeds from borrowings, net 218,315 60,000
Proceeds from Federal Home Loan Bank advances, net   82,000
Repayments of Federal Home Loan Bank advances, net (290,000)  
Payment of contingent consideration (2,994) (7,900)
Increase/(decrease) in securities sold under agreements to repurchase (93,419) 112,498
Decrease in bank deposits, net (813,736) (82,312)
Increase in securities loaned 132,952 209,590
Tax payments related to shares withheld for stock-based compensation plans (27,847) (36,534)
Proceeds from preferred stock issuance, net 155,294  
Proceeds from non-controlling interests 26,800  
Proceeds from stock option exercises   774
Repurchase of common stock (53,869) (2,839)
Cash dividends on preferred stock (2,344) (2,344)
Cash dividends paid to common stock and equity-award holders (12,944) (8,629)
Other (490)  
Net cash (used in)/provided by financing activities (764,282) 324,304
Effect of exchange rate changes on cash 2,156 3,736
Decrease in cash and cash equivalents (1,217,909) (310,131)
Cash and cash equivalents at beginning of period 2,069,374 787,085
Cash and cash equivalents at end of period 851,465 476,954
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds/(refunds, net of taxes paid) 466 (21,076)
Cash paid for interest 49,425 25,368
Noncash financing activities:    
Unit grants, net of forfeitures $ 92,344 $ 90,678