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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 184,986 $ 210,385
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in net income attributable to AB Unitholders (211,264) (233,616)
Cash distributions received from AB 248,529 313,438
Changes in assets and liabilities:    
(Decrease) in other liabilities (1,071) (1,531)
Net cash provided by operating activities 221,180 288,676
Cash flows from investing activities:    
Acquisition of business, net cash acquired 0 40,777
Contribution of CarVal to AB 0 (40,777)
Investments in AB with proceeds from exercise of compensatory options to buy AB Holding Units 0 (178)
Net cash used in investing activities 0 (178)
Cash flows from financing activities:    
Cash distributions to Unitholders (223,679) (288,988)
Capital contributions from AB 2,499 312
Proceeds from exercise of compensatory options to buy AB Holding Units 0 178
Net cash used in financing activities (221,180) (288,498)
Change in cash and cash equivalents 0 0
Cash and cash equivalents as of beginning of period 0 0
Cash and cash equivalents as of end of period 0 0
Non-cash investing activities:    
Fair value of assets acquired (less cash acquired of $40.8 million in 2022) 0 1,052,062
Fair value of liabilities assumed 0 300,381
Fair value of redeemable non-controlling interest assumed 0 13,191
Fair value of assets contributed to AB (less cash acquired of $40.8 million in 2022) 0 (1,052,062)
Fair value of liabilities contributed to AB 0 (300,381)
Fair value of redeemable non-controlling interest contributed to AB 0 (13,191)
Non-cash financing activities:    
Payables recorded under contingent payment arrangements 0 227,071
Equity consideration issued/to be issued in connection with acquisition 0 552,196
Payables contributed to AB under contingent payment arrangements 0 (227,071)
Equity consideration received/to be received from AB in connection with acquisition $ 0 $ (552,196)