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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net Income $ 353,661 $ 442,851 $ 179,207
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration (13,750) 10,718 (32)
Equity Method Investments 403 1,352 (513)
Equity-Based and Other Deferred Compensation 360,341 293,507 230,268
Impairment of Goodwill and Equity Method Investments 2,921 0 21,507
Gain on Sale of Institutional Trust and Independent Fiduciary business of ETC 0 0 (7,808)
Noncash Lease Expense 29,259 0 0
Depreciation, Amortization and Accretion 35,730 29,374 26,032
Bad Debt Expense 10,451 3,365 2,579
Adjustment to Tax Receivable Agreement 0 0 (77,535)
Release of Cumulative Foreign Exchange Losses 0 0 16,266
Deferred Taxes (10,503) (3,981) 148,320
Decrease (Increase) in Operating Assets:      
Investment Securities (491) (546) 865
Financial Instruments Owned and Pledged as Collateral at Fair Value 10,629 (2,961) 35
Securities Purchased Under Agreements to Resell (10,541) 8,166 2,642
Accounts Receivable 5,241 (130,956) 47,120
Receivable from Employees and Related Parties 1,450 (6,849) (2,188)
Other Assets (58,962) (21,830) (10,982)
(Decrease) Increase in Operating Liabilities:      
Accrued Compensation and Benefits (180,767) 208,088 (25,892)
Accounts Payable and Accrued Expenses (745) 5,496 1,149
Securities Sold Under Agreements to Repurchase (115) (5,183) (2,701)
Payables to Employees and Related Parties (599) 4,387 3,217
Taxes Payable (30,221) 16,099 (10,849)
Other Liabilities 1,305 (1,523) (33,471)
Net Cash Provided by Operating Activities 504,697 849,574 507,236
Cash Flows From Investing Activities      
Investments Purchased (3,843) (95) (997)
Distributions of Private Equity Investments 1,893 2,143 2,072
Investment Securities:      
Proceeds from Sales and Maturities 510,151 191,779 45,642
Purchases (698,995) (336,596) (40,995)
Maturity of Certificates of Deposit 100,000 63,527 0
Purchase of Certificates of Deposit (211,861) (100,000) (63,417)
Purchase of Furniture, Equipment and Leasehold Improvements (70,816) (33,324) (31,300)
Proceeds from Sale of Business 0 0 34,354
Net Cash Provided by (Used in) Investing Activities (373,471) (212,566) (54,641)
Cash Flows From Financing Activities      
Issuance of Noncontrolling Interests 600 1,165 110
Distributions to Noncontrolling Interests (54,706) (41,413) (36,374)
Payments Under Tax Receivable Agreement (9,490) (13,345) (12,381)
Short-Term Borrowings 30,000 30,000 30,000
Repayment of Short-Term Borrowings (30,000) (30,000) (30,000)
Repayment of Subordinated Borrowings 0 (6,799) (9,751)
Issuance of Notes Payable 205,718 0 0
Debt Issuance Costs (2,032) 0 0
Purchase of Treasury Stock and Noncontrolling Interests (333,296) (315,233) (304,313)
Dividends (96,803) (77,302) (56,521)
Net Cash Provided by (Used in) Financing Activities (290,009) (452,927) (419,230)
Effect of Exchange Rate Changes on Cash 2,573 (1,370) 8,383
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (156,210) 182,711 41,748
Cash, Cash Equivalents and Restricted Cash-Beginning of Period 800,096 617,385 575,637
Cash, Cash Equivalents and Restricted Cash-End of Period 643,886 800,096 617,385
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Payments for Interest 16,405 17,818 19,471
Payments for Income Taxes 155,478 86,232 128,689
Accrued Dividends 14,642 12,288 9,815
Purchase of Noncontrolling Interest 2,701 0 0
Settlement of Contingent Consideration 0 0 10,780
Evercore Trust Company [Member]      
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Institutional Trust and Independent Fiduciary business of ETC Assets Deconsolidated 0 0 81
Institutional Trust and Independent Fiduciary business of ETC Liabilities Deconsolidated 0 0 1,489
Decrease in Goodwill from sale of Institutional Trust and Independent Fiduciary business of ETC $ 0 $ 0 $ 28,442