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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (57,307) $ 392,483 $ 542,545
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization of property 42,853 42,336 38,315
Noncash lease expense 63,552 60,624 74,024
Currency translation adjustment reclassification 1,826 32 23,645
Amortization of deferred expenses and share-based incentive compensation 429,523 406,242 394,114
Amortization and other acquisition-related costs 334 60 60
Deferred tax provision (benefit) (81,068) 42,709 90,643
Provision (benefit) pursuant to tax receivable agreement (43,894) (1,209) 2,199
Impairment of equity method investments and other receivables 22,981 0 0
Impairment of assets associated with cost-saving initiatives 8,801 0 0
Loss on LGAC liquidation 17,929 0 0
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:      
Receivables-net (100,501) 140,745 (81,609)
Investments (145,010) 178,025 (458,593)
Other assets (47,671) (55,444) (33,410)
Accrued compensation and benefits and other liabilities 52,314 (372,619) 274,146
Net cash provided by operating activities 164,662 833,984 866,079
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property (28,297) (49,511) (39,698)
Disposals of property 490 573 642
Acquisition of business, net of cash acquired (10,516) 0 0
Other investing activities 0 (7,500) 0
Net cash used in investing activities (38,323) (56,438) (39,056)
Proceeds from:      
Customer deposits, net 0 0 350,868
LGAC IPO 0 0 575,000
Contributions from noncontrolling interests 2,077 514 334
Payments for:      
Customer deposits, net (572,025) (373,044) 0
Distributions to noncontrolling interests (5,802) (32,051) (11,398)
Tax receivable agreement (32,208) (21,036) (10,215)
LGAC IPO underwriting fees and other offering costs 0 0 (9,352)
Distribution to redeemable noncontrolling interests in connection with LGAC redemption (585,891) 0 0
Purchase of Class A common stock (102,051) (691,705) (406,149)
Class A common stock dividends (173,075) (181,880) (195,944)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (54,529) (61,916) (68,013)
LFI Consolidated Funds redemptions (35,238) (10,020) (20,915)
Other financing activities (12,452) (10,897) (8,380)
Net cash provided by (used in) financing activities (1,571,194) (1,382,035) 195,836
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 30,438 (186,125) (161,672)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,414,417) (790,614) 861,187
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 2,639,400 3,430,014 2,568,827
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— December 31 $ 1,224,983 $ 2,639,400 $ 3,430,014