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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities:    
Net income $ 113,745 $ 98,619
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 25,162 21,958
Amortization of loans and advances to financial advisors and other employees 48,368 42,687
Amortization of premium on available-for-sale securities 5,568 11,215
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 6,395 1,685
Amortization of intangible assets 4,145 3,713
Deferred income taxes (70,687) 53,872
Excess tax benefits from stock-based compensation (10,446) (14,510)
Stock-based compensation 124,835 29,213
Gains on investments 11,636 (29,272)
Other net 23,792 143
Decrease/(increase) in operating assets:    
Cash segregated for regulatory purposes and restricted cash 127,993 292
Receivables:    
Brokerage clients (35,741) 41,000
Brokers, dealers and clearing organizations (197,148) 39,889
Securities purchased under agreements to resell (9,487) (66,509)
Loans originated as held for sale (1,069,168) (1,156,692)
Proceeds from mortgages held for sale 1,197,539 1,075,487
Trading securities owned, including those pledged 23,895 (271,262)
Loans and advances to financial advisors and other employees (59,751) (53,351)
Other assets 37,855 (21,360)
Increase/(decrease) in operating liabilities    
Brokerage clients 38,363 84,040
Brokers, dealers and clearing organizations 23,379 19,272
Drafts (35,282) (12,504)
Trading securities sold, but not yet purchased 128,169 106,024
Other liabilities and accrued expenses (20,012) (54,341)
Net cash used in operating activities 433,117 (50,692)
Cash Flows from Investing Activities:    
Maturities, calls, sales, and principal paydowns on available-for-sale securities 376,104 353,324
Calls on held-to-maturity securities 60,385 10,500
Sale or maturity of investments 74,271 84,718
Sale of other real estate owned 373 137
Increase in bank loans, net (244,838) (112,687)
Payments for:    
Purchase of available-for-sale securities (1,125,644) (607,579)
Purchase of held-to-maturity securities (16,438) (477,117)
Purchase of investments (70,650) (58,912)
Purchase of fixed assets (21,077) (13,823)
Acquisitions (165,300)  
Net cash used in investing activities (1,132,814) (821,439)
Cash Flows from Financing Activities:    
(Repayments of)/ proceeds from short-term borrowings from banks (171,600) (101,500)
Proceeds from Senior Note offering    170,291
Increase/(decrease) in securities sold under agreements to repurchase 115,105 (1,739)
Increase in bank deposits, net 882,272 851,933
Increase in securities loaned 149,168 (35,102)
Excess tax benefits from stock-based compensation 10,446 14,510
Issuance of common stock 15  
Repurchase of common stock (13,670) (9,163)
Reissuance of treasury stock 951 8,829
Repayment of non-recourse debt (26,881)  
Extinguishment of subordinated debt (2,187) (1,639)
Net cash provided by financing activities 943,619 896,420
Effect of exchange rate changes on cash 1,381 1,373
Decrease in cash and cash equivalents 245,303 25,662
Cash and cash equivalents at beginning of period 403,941 167,671
Cash and cash equivalents at end of period 649,244 193,333
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 8,594 2,940
Cash paid for interest 34,196 22,567
Noncash investing and financing activities:    
Units, net of forfeitures 205,520 106,404
Issuance of common stock for acquisitions $ 265,918