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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities      
Net Income $ 442,851 $ 179,207 $ 148,512
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration 10,718 (32) 1,124
Equity Method Investments 1,352 (513) 2,602
Equity-Based and Other Deferred Compensation 293,507 230,268 258,295
Impairment of Goodwill and Equity Method Investments 0 21,507 8,100
Gain on Sale of Institutional Trust and Independent Fiduciary business of ETC 0 (7,808) 0
Depreciation, Amortization and Accretion 29,374 26,032 25,223
Bad Debt Expense 3,365 2,579 2,261
Adjustment to Tax Receivable Agreement 0 (77,535) 0
Release of Cumulative Foreign Exchange Losses 0 16,266 0
Deferred Taxes (3,981) 148,320 10,043
Decrease (Increase) in Operating Assets:      
Marketable Securities (546) 865 937
Financial Instruments Owned and Pledged as Collateral at Fair Value (2,961) 35 18,249
Securities Purchased Under Agreements to Resell 8,166 2,642 (11,890)
Accounts Receivable (130,956) 47,120 (64,522)
Receivable from Employees and Related Parties (6,849) (2,188) 5,934
Other Assets (21,830) (10,982) (32,763)
(Decrease) Increase in Operating Liabilities:      
Accrued Compensation and Benefits 208,088 (25,892) 48,258
Accounts Payable and Accrued Expenses 5,496 1,149 (10,030)
Securities Sold Under Agreements to Repurchase (5,183) (2,701) (6,387)
Payables to Employees and Related Parties 4,387 3,217 (1,581)
Taxes Payable 16,099 (10,849) 9,097
Other Liabilities (1,523) (33,471) 10,424
Net Cash Provided by Operating Activities 849,574 507,236 421,886
Cash Flows From Investing Activities      
Investments Purchased (95) (997) (2,047)
Distributions of Private Equity Investments 2,143 2,072 183
Marketable Securities:      
Proceeds from Sales and Maturities 191,779 45,642 46,547
Purchases (336,596) (40,995) (69,568)
Maturity of Certificates of Deposit 63,527 0 0
Purchase of Certificates of Deposit (100,000) (63,417) 0
Cash Paid for Acquisitions and Deconsolidation of Cash, net of Cash Acquired 0 0 (2,877)
Purchase of Furniture, Equipment and Leasehold Improvements (33,324) (31,300) (18,439)
Proceeds from Sale of Business 0 34,354 0
Net Cash Provided by (Used in) Investing Activities (212,566) (54,641) (46,201)
Cash Flows From Financing Activities      
Issuance of Noncontrolling Interests 1,165 110 885
Distributions to Noncontrolling Interests (41,413) (36,374) (38,154)
Payments Under Tax Receivable Agreement (13,345) (12,381) (12,039)
Cash Paid for Deferred and Contingent Consideration 0 0 (5,050)
Short-Term Borrowings 30,000 30,000 50,000
Repayment of Short-Term Borrowings (30,000) (30,000) (50,000)
Repayment of Subordinated Borrowings (6,799) (9,751) (6,000)
Payment of Notes Payable - Mizuho 0 0 (120,000)
Issuance of Notes Payable 0 0 170,000
Debt Issuance Costs 0 0 (2,084)
Purchase of Treasury Stock and Noncontrolling Interests (315,233) (304,313) (173,958)
Dividends - Class A Stockholders (77,302) (56,521) (51,558)
Net Cash Provided by (Used in) Financing Activities (452,927) (419,230) (237,958)
Effect of Exchange Rate Changes on Cash (1,370) 8,383 (25,347)
Net Increase in Cash, Cash Equivalents and Restricted Cash 182,711 41,748 112,380
Cash, Cash Equivalents and Restricted Cash-Beginning of Period 617,385 575,637 463,257
Cash, Cash Equivalents and Restricted Cash-End of Period 800,096 617,385 575,637
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Payments for Interest 17,818 19,471 14,074
Payments for Income Taxes 86,232 128,689 106,126
Accrued Dividends 12,288 9,815 7,836
Settlement of Contingent Consideration 0 10,780 0
Evercore Trust Company [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Assets Deconsolidated 0 81 0
Liabilities Deconsolidated 0 1,489 0
Decrease in Goodwill 0 28,442 0
Glisco [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Assets Deconsolidated 0 0 8,302
Liabilities Deconsolidated 0 0 2,343
GCP III [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Decrease in Noncontrolling Interest $ 0 $ 0 $ 5,808