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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 334,365 $ 371,092
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 23,773 21,680
Amortization of loans and advances to financial advisors and other employees 65,539 55,281
Amortization of premium on investment portfolio 6,920 8,907
Provision for credit losses and allowance for loans and advances to financial advisors and other employees 21,025 (14,904)
Amortization of intangible assets 10,578 8,759
Deferred income taxes 351 20,758
Stock-based compensation 75,193 58,571
Losses on sale of investments 14,468 553
Other, net 340 37,985
Receivables:    
Brokerage clients (191,268) (395,262)
Brokers, dealers, and clearing organizations 196,515 (137,575)
Securities purchased under agreements to resell (28,185) (405,000)
Financial instruments owned, including those pledged (114,028) (550,985)
Loans originated as held for sale (413,357) (1,185,385)
Proceeds from mortgages held for sale 345,525 1,532,485
Loans and advances to financial advisors and other employees (83,150) (52,624)
Other assets (4,205) (140,630)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients (105,866) (64,290)
Brokers, dealers, and clearing organizations 14,806 93,099
Drafts (41,648) (32,849)
Financial instruments sold, but not yet purchased 55,752 410,932
Other liabilities and accrued expenses (383,920) (76,587)
Net cash used in operating activities (200,477) (435,989)
Cash Flows From Investing Activities:    
Principal paydowns and maturities of available-for-sale securities 145,373 239,846
Calls and principal paydowns of held-to-maturity securities 108,789 1,002,163
Sale or maturity of investments 10,092 17,581
Increase in loans held for investment, net (2,375,896) (1,975,039)
Payments for:    
Purchase of fixed assets (26,722) (25,835)
Purchase of available-for-sale securities (102,917) (619,446)
Purchase of held-to-maturity securities (642,356) (1,558,941)
Purchase of investments (5,465) (9,055)
Acquisitions, net of cash received 0 (315)
Net cash used in investing activities (2,889,102) (2,929,041)
Cash Flows From Financing Activities:    
Payment of contingent consideration (5,974) (11,313)
Increase/(decrease) in securities sold under agreements to repurchase (35,322) 216,291
Increase in bank deposits, net 2,728,952 2,212,303
Increase in securities loaned 81,103 154,112
Tax payments related to shares withheld for stock-based compensation plans (85,606) (68,008)
Repurchase of common stock (30,666) (41,007)
Cash dividends on preferred stock (18,641) (16,578)
Cash dividends paid to common stock and equity-award holders (68,516) (31,613)
Net cash provided by financing activities 2,565,330 2,414,187
Effect of exchange rate changes on cash (17,570) 4,745
Decrease in cash, cash equivalents, and cash segregated for regulatory purposes (541,819) (946,098)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 2,149,657 2,452,206
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,607,838 1,506,108
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 111,840 169,409
Cash paid for interest 38,009 31,634
Noncash financing activities:    
Unit grants, net of forfeitures $ 184,188 $ 135,393