| Other Assets and Other Liabilities |
|
11. |
OTHER ASSETS AND OTHER LIABILITIES |
The following table sets forth the Company’s other assets, by type, as of December 31, 2018 and 2017:
|
|
|
December 31, |
|
|
|
|
2018 |
|
|
2017 |
|
|
Current income and other tax receivables |
|
$ |
35,439 |
|
|
$ |
38,804 |
|
|
Prepaid compensation (see Note 15) |
|
|
76,362 |
|
|
|
60,355 |
|
|
Other advances and prepayments |
|
|
66,266 |
|
|
|
56,595 |
|
|
Other |
|
|
80,567 |
|
|
|
72,390 |
|
|
Total |
|
$ |
258,634 |
|
|
$ |
228,144 |
|
The following table sets forth the Company’s other liabilities, by type, as of December 31, 2018 and 2017:
|
|
|
December 31, |
|
|
|
|
2018 |
|
|
2017 |
|
|
Accrued expenses |
|
$ |
166,112 |
|
|
$ |
155,551 |
|
|
Current income taxes and other taxes |
|
|
130,261 |
|
|
|
123,548 |
|
|
Employee benefit-related liabilities |
|
|
51,051 |
|
|
|
69,201 |
|
|
Deferred lease liabilities |
|
|
84,449 |
|
|
|
85,028 |
|
|
Unclaimed funds at LFB |
|
|
17,746 |
|
|
|
14,962 |
|
|
Deferred revenue (a) |
|
|
80,995 |
|
|
|
45,390 |
|
|
Contingent consideration liability |
|
|
10,009 |
|
|
|
28,941 |
|
|
Securities sold, not yet purchased |
|
|
3,929 |
|
|
|
7,338 |
|
|
Other |
|
|
32,434 |
|
|
|
43,629 |
|
|
Total |
|
$ |
576,986 |
|
|
$ |
573,588 |
|
|
(a) |
The change in deferred revenue during the year ended December 31, 2018 principally relates to additional carried interest received from private equity investments that is subject to clawback. The revenue recognized during the current year related to the deferred revenue balance as of the beginning of the year was not material to the consolidated financial statements. |
|