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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net income $ 194,476 $ 209,196
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 19,235 20,410
Amortization of loans and advances to financial advisors and other employees 51,663 45,266
Amortization of premium on investment portfolio 11,119 15,083
Provision for credit losses and allowance for loans and advances to financial advisors and other employees 36,142 4,838
Amortization of intangible assets 9,760 7,140
Deferred income taxes 2,756 511
Stock-based compensation 55,223 54,443
(Gains)/losses on sale of investments 27,758 (14,484)
Other, net (8,203) (25,671)
Receivables:    
Brokerage clients 317,963 (145,463)
Brokers, dealers, and clearing organizations 44,332 (250,609)
Securities purchased under agreements to resell (61,758) 103,328
Financial instruments owned, including those pledged 126,714 (52,227)
Loans originated as held for sale (1,200,104) (702,007)
Proceeds from mortgages held for sale 1,149,623 759,773
Loans and advances to financial advisors and other employees (70,474) (107,932)
Other assets 54,522 (48,951)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients 242,006 (49,014)
Brokers, dealers, and clearing organizations 66,753 94,795
Drafts (29,437) (11,503)
Financial instruments sold, but not yet purchased (64,530) 8,982
Other liabilities and accrued expenses (75,538) (226,315)
Net cash provided by/(used in) operating activities 900,001 (310,411)
Cash Flows From Investing Activities:    
Principal paydowns, sales, calls, and maturities of available-for-sale securities 681,961 410,311
Calls and principal paydowns of held-to-maturity securities 155,461 256,404
Sale or maturity of investments 2,252 694
Disposition of business 37,000  
Increase in loans held for investment, net (875,299) (454,048)
Payments for:    
Purchase of fixed assets (58,959) (101,683)
Purchase of available-for-sale securities (601,660) (500)
Purchase of held-to-maturity securities (384,700)  
Purchase of investments (12,900)  
Acquisitions, net of cash received (280) (28,236)
Net cash (used in)/provided by investing activities (1,057,124) 82,942
Cash Flows From Financing Activities:    
Repayments of borrowings, net   (62,810)
Proceeds from/(repayments of) Federal Home Loan Bank advances, net 73,000 (290,000)
Payment of contingent consideration (21,741) (6,925)
(Decrease)/increase in securities sold under agreements to repurchase (171,746) 202,579
Increase/(decrease) in bank deposits, net 970,240 (962,552)
(Decrease)/increase in securities loaned (480,133) 100,086
Tax payments related to shares withheld for stock-based compensation plans (69,574) (28,992)
Proceeds from preferred stock issuance, net 217,980 154,988
Proceeds from issuance of senior notes, net 394,314  
Proceeds from non-controlling interests   26,800
Repurchase of common stock (56,517) (124,966)
Cash dividends on preferred stock (9,688) (7,632)
Cash dividends paid to common stock and equity-award holders (23,131) (21,352)
Cash paid to employees upon settlement of equity awards (27,101)  
Other   (1,407)
Net cash provided by/(used in) financing activities 795,903 (1,022,183)
Effect of exchange rate changes on cash (9,978) (1,134)
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes 628,802 (1,250,786)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 1,273,970 2,069,374
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,902,772 818,588
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 19,528 84,806
Cash paid for interest 47,650 103,112
Noncash financing activities:    
Unit grants, net of forfeitures $ 113,268 $ 102,519