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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 558,877 $ 513,503 $ 348,795
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 314,096 265,101 190,390
Amortization and write-off of financing costs on extinguished debt 12,311 13,155 28,871
Amortization of debt discount     9,477
Non-amortizable intangible asset impairment     98,129
Write-down of impaired other assets   8,615  
Gain on sale of loans, servicing rights and other assets (140,828) (95,636) (93,613)
Net realized and unrealized losses (gains) from investments 3,809 (11,237) (13,523)
Gain on disposition of real estate held for investment (10,771) (57,659) (13,552)
Equity income from unconsolidated subsidiaries (162,849) (101,714) (64,422)
Provision for doubtful accounts 10,211 8,165 9,579
Deferred income taxes (14,935) (28,469) (11,591)
Compensation expense related to equity awards 74,709 59,757 48,429
Incremental tax benefit from stock options exercised (2,277) (1,218) (9,891)
Distribution of earnings from unconsolidated subsidiaries 36,630 27,903 33,302
Tenant concessions received 7,861 18,343 14,627
Purchase of trading securities (85,707) (71,021) (137,311)
Proceeds from sale of trading securities 78,798 74,237 191,121
Proceeds from securities sold, not yet purchased 16,014 2,271 52,472
Securities purchased to cover short sales (13,147) (453) (110,588)
Increase in receivables (231,979) (307,979) (76,946)
Increase in prepaid expenses and other assets (84,997) (47,015) (33,355)
(Increase) decrease in real estate held for sale and under development (16,003) 47,276 168,133
Increase in accounts payable and accrued expenses 177,567 31,526 40,200
Increase in compensation and employee benefits payable and accrued bonus and profit sharing 115,805 344,987 102,439
Decrease (increase) in income taxes receivable/payable 43,085 (43,194) 3,077
(Decrease) increase in other liabilities (15,543) 589 (6,808)
Other operating activities, net (21,038) (17,707) (18,067)
Net cash provided by operating activities 651,897 661,780 745,108
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (139,464) (171,242) (156,358)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (161,106) (147,057) (504,147)
Contributions to unconsolidated subsidiaries (71,208) (59,177) (49,594)
Distributions from unconsolidated subsidiaries 187,577 104,267 82,230
Net proceeds from disposition of real estate held for investment 3,584 77,278 113,241
Additions to real estate held for investment (2,053) (10,961) (2,559)
Proceeds from the sale of servicing rights and other assets 30,432 25,541 32,016
(Increase) decrease in restricted cash (49,012) 30,889 8,469
Purchase of available for sale securities (40,287) (89,885) (65,111)
Proceeds from the sale of available for sale securities 42,572 88,214 69,688
Other investing activities, net 1,669 577 7,131
Net cash used in investing activities (1,618,959) (151,556) (464,994)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from senior secured term loans 900,000   715,000
Repayment of senior secured term loans (657,488) (39,650) (1,639,017)
Proceeds from revolving credit facility 2,643,500 1,873,568 610,562
Repayment of revolving credit facility (2,648,012) (1,999,422) (542,150)
Proceeds from issuance of senior notes 595,440 426,875 800,000
Repayment of 6.625% senior notes   (350,000)  
Repayment of 11.625% senior subordinated notes     (450,000)
Proceeds from notes payable on real estate held for investment   5,022 2,762
Repayment of notes payable on real estate held for investment (1,576) (27,563) (74,544)
Proceeds from notes payable on real estate held for sale and under development 20,879 8,274 9,526
Repayment of notes payable on real estate held for sale and under development (1,186) (80,218) (136,528)
Shares repurchased for payment of taxes on equity awards (24,523) (16,685) (16,628)
Proceeds from exercise of stock options 7,525 6,203 5,780
Incremental tax benefit from stock options exercised 2,277 1,218 9,891
Non-controlling interests contributions 5,909 2,938 1,092
Non-controlling interests distributions (16,582) (33,971) (128,168)
Payment of financing costs (30,664) (5,947) (29,322)
Other financing activities, net (5,951) (2,711) (4,537)
Net cash (used in) provided by financing activities 789,548 (232,069) (866,281)
Effect of currency exchange rate changes on cash and cash equivalents (22,967) (29,183) (11,218)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (200,481) 248,972 (597,385)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD 740,884 491,912 1,089,297
CASH AND CASH EQUIVALENTS, AT END OF PERIOD 540,403 740,884 491,912
Cash paid during the period for:      
Interest 88,078 118,749 117,150
Income tax payments, net 285,730 331,257 203,402
5.25% Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior notes   426,875  
6.625% senior notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of 6.625% senior notes   $ (350,000)  
5.00% Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior notes     800,000
11.625% senior subordinated notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of 11.625% senior subordinated notes     $ (450,000)
Global Workplace Solutions (GWS) [Member]      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired $ (1,421,663)