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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net income $ 319,318 $ 279,906
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 28,930 20,503
Amortization of loans and advances to financial advisors and other employees 69,286 61,783
Amortization of premium on investment portfolio 26,687 18,714
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 5,837 13,980
Amortization of intangible assets 10,960 8,741
Deferred income taxes (13,573) 718
Stock-based compensation 78,329 75,382
(Gains)/losses on sale of investments (1,279) 10,442
Other, net (32,062) (86,576)
Receivables:    
Brokerage clients (194,655) (82,568)
Brokers, dealers, and clearing organizations (156,658) (187,013)
Securities purchased under agreements to resell 75,851 (110,141)
Financial instruments owned, including those pledged 110,240 (19,048)
Loans originated as held for sale (1,293,650) (1,099,187)
Proceeds from mortgages held for sale 1,255,823 1,051,789
Loans and advances to financial advisors and other employees (147,144) (67,872)
Other assets (41,002) 31,543
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients 69,761 (200,461)
Brokers, dealers, and clearing organizations 56,711 180,463
Drafts (20,072) (15,404)
Financial instruments sold, but not yet purchased (41,565) 132,511
Other liabilities and accrued expenses (132,768) (66,290)
Net cash provided by/(used in) operating activities 33,305 (48,085)
Cash Flows From Investing Activities:    
Principal paydowns, sales, calls, and maturities of available-for-sale securities 1,034,741 763,982
Calls and principal paydowns of held-to-maturity securities 456,804 443,295
Sale of other real estate owned 7,300  
Sale or maturity of investments 4,263 24,345
Increase in bank loans, net (592,547) (810,798)
Payments for:    
Purchase of fixed assets (116,307) (18,271)
Purchase of available-for-sale securities (239,155) (331,657)
Purchase of held-to-maturity securities (243,335) (1,313,587)
Purchase of investments (9,100) (7,578)
Acquisitions, net of cash received (136,196) 599
Net cash provided by/(used in) investing activities 166,468 (1,249,670)
Cash Flows From Financing Activities:    
Repayments of borrowings, net (62,810) (257,197)
(Repayments of)/proceeds from Federal Home Loan Bank advances, net (290,000) 309,050
Payment of contingent consideration (6,925) (11,909)
Increase in securities sold under agreements to repurchase 5,189 261,780
(Decrease)/increase in bank deposits, net (1,026,967) 590,000
Increase in securities loaned 124,707 471,367
Tax payments related to shares withheld for stock-based compensation plans (30,425) (39,815)
Proceeds from preferred stock issuance, net 154,988  
Proceeds from non-controlling interests 26,800  
Proceeds from stock option exercises   2,278
Repurchase of common stock (180,434) (62,514)
Cash dividends on preferred stock (12,476) (7,031)
Cash dividends paid to common stock and equity-award holders (31,697) (26,023)
Other (2,379)  
Net cash (used in)/provided by financing activities (1,332,429) 1,229,986
Effect of exchange rate changes on cash (5,198) (3,429)
Decrease in cash, cash equivalents, and cash segregated for regulatory purposes (1,137,854) (71,198)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 2,069,374 787,085
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 931,520 715,887
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 110,907 27,280
Cash paid for interest 149,984 111,832
Noncash financing activities:    
Unit grants, net of forfeitures $ 128,539 119,051
Issuance of common stock for acquisitions   $ 110,671