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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
May 31, 2013
Successor [Member]
Feb. 28, 2013
Predecessor [Member]
May 31, 2012
Predecessor [Member]
Cash flows from operating activities:      
Net earnings $ 42,711 $ 90,842 $ 165,096
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Depreciation and amortization (1,511) 17,393 37,619
Loss on conversion option 3,174    
Bargain purchase gain       (3,368)
Gain on repurchase of long-term debt      (9,898)
Fees related to assigned management agreements (1,329) (1,154) (1,721)
Interest on mandatorily redeemable preferred interests of consolidated subsidiaries 3,368 10,961 26,300
Accruals related to various benefit plans and stock issuances, net of forfeitures    23,505 46,128
Income on loans to and investments in related parties (28,540)     
Distributions received on investments in related parties 19,353     
Net change in assets and liabilities:      
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 671,426 352,891 (589,496)
Receivables:      
Brokers, dealers and clearing organizations (845,322) (1,027,671) (1,093,963)
Customers (144,938) (130,543) 95,463
Fees, interest and other (39,832) (29,149) (82,434)
Securities borrowed (47,036) (224,557) (205,559)
Financial instruments owned 1,116,683 229,394 1,641,825
Loans to and investments in related parties    (197,166) (175,051)
Investments in managed funds 4,835 (2,213) 2,426
Securities purchased under agreements to resell 106,129 (224,418) (424,271)
Other assets 37,970 25,489 (25,422)
Payables:      
Brokers, dealers and clearing organizations 205,037 (1,031,335) (1,463,427)
Customers (18,807) (111,139) 721,521
Securities loaned 780,579 (28,138) 723,486
Financial instruments sold, not yet purchased (2,979,532) 2,327,667 818,272
Securities sold under agreements to repurchase 1,521,605 (197,493) (549,755)
Accrued expenses and other liabilities 151,616 (267,336) (20,733)
Net cash provided by (used in) operating activities 557,639 (394,170) (366,962)
Cash flows from investing activities:      
Net payments on premises and equipment (10,071) (10,706) (26,083)
Contributions to loans to and investments in related parties (345,955)      
Distributions from loans to and investments in related parties 644,666      
Cash received in connection with acquisition       2,257
Cash received from contingent consideration 1,284 1,203 1,719
Net cash provided by (used in) investing activities 289,924 (9,503) (22,107)
Cash flows from financing activities:      
Excess tax benefits from the issuance of share-based awards 1,857 5,682 29,901
Proceeds from short-term borrowings 3,838,000 6,744,000 5,725,513
Payments on short-term borrowings (3,938,000) (6,794,000) (5,533,007)
Proceeds from secured credit facility 265,000 900,000 420,000
Payments on secured credit facility (450,000) (990,007) (105,000)
Repayment of long-term debt       (253,232)
Proceeds from other secured financings 105,000 60,000  
Payments on repurchase of long-term debt       (1,435)
Payments on mandatorily redeemable preferred interest of consolidated subsidiaries (64) (61) (5,271)
Payments on repurchase of common stock    (166,541) (82,642)
Payments on dividends    (15,799) (31,050)
Proceeds from exercise of stock options, not including tax benefits    57 104
Net proceeds from issuance of senior notes, net of issuance costs    991,469 197,558
Proceeds from contributions of noncontrolling interests 27,200    
Payments on distributions to noncontrolling interests (306,830) (1,262) (6,763)
Net cash (used in) provided by financing activities (457,837) 733,538 354,676
Effect of exchange rate changes on cash and cash equivalents (4,205) (4,502) (1,582)
Net increase (decrease) in cash and cash equivalents 385,521 325,363 (35,975)
Cash and cash equivalents at beginning of period 3,017,958 2,692,595 2,393,797
Cash and cash equivalents at end of period 3,403,479 3,017,958 2,357,822
Cash paid (received) during the period for:      
Interest 195,409 178,836 441,403
Income taxes, net of refunds $ (7,475) $ (34,054) $ 9,172