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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 92,277 $ (135,575)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property 18,319 21,660
Noncash lease expense 32,824 32,509
Amortization of deferred expenses and share-based incentive compensation 258,200 250,030
Amortization and other acquisition-related costs 136 143
Deferred tax benefit (14,675) (114,314)
Benefit pursuant to tax receivable agreement 0 (40,435)
Impairment of equity method investments and other receivables 0 22,981
Impairment of assets associated with cost-saving initiatives 0 7,490
Loss on LGAC liquidation 0 17,929
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net 31,521 (18,079)
Investments 90,016 (112,661)
Other assets (100,124) (5,052)
Accrued compensation and benefits and other liabilities (322,239) (137,048)
Net cash provided by (used in) operating activities 86,255 (210,422)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (13,061) (11,990)
Disposals of property 1,928 100
Purchase of investments (98,350) 0
Acquisition of business, net of cash acquired 0 (10,516)
Net cash used in investing activities (109,483) (22,406)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (payments for) customer deposits, net 10,840 (349,479)
Proceeds from:    
Issuance of senior debt, net of expenses 396,010 0
Contributions from noncontrolling interests 232 180
Payments for:    
Extinguishment of senior debt (233,073) 0
Distributions to noncontrolling interests (2,005) (4,061)
Tax receivable agreement (30,950) (32,208)
Distribution to redeemable noncontrolling interests in connection with LGAC redemption 0 (585,891)
Purchase of common stock (40,816) (99,097)
Common stock dividends (88,731) (85,925)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (61,593) (48,709)
LFI Consolidated Funds redemptions (35,141) (31,789)
Other financing activities (8,898) (7,209)
Net cash used in financing activities (94,125) (1,244,188)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (23,177) 17,517
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (140,530) (1,459,499)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 1,224,983 2,639,400
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—June 30 $ 1,084,453 $ 1,179,901