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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities:    
Net income $ 86,589 $ 99,439
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 9,378 10,290
Amortization of loans and advances to financial advisors and other employees 27,729 21,596
Amortization of premium on investment portfolio 6,210 8,727
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 19,253 1,611
Amortization of intangible assets 5,032 3,593
Deferred income taxes 17,098 2,102
Stock-based compensation 30,762 32,119
(Gains)/losses on sale of investments 31,043 (2,174)
Other, net (5,464) (6,429)
Receivables:    
Brokerage clients (117,920) (182,761)
Brokers, dealers, and clearing organizations (76,604) (72,766)
Securities purchased under agreements to resell (73,960) 131,866
Financial instruments owned, including those pledged 40,421 2,641
Loans originated as held for sale (474,824) (272,301)
Proceeds from mortgages held for sale 506,936 333,478
Loans and advances to financial advisors and other employees (40,554) (50,216)
Other assets (51,427) (24,357)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients 205,936 (200,229)
Brokers, dealers, and clearing organizations 106,196 21,639
Drafts (29,019) (4,263)
Financial instruments sold, but not yet purchased 5,943 31,754
Other liabilities and accrued expenses (234,445) (252,199)
Net cash used in operating activities (5,691) (366,840)
Cash Flows From Investing Activities:    
Principal paydowns, sales, calls, and maturities of available-for-sale securities 385,131 93,349
Calls and principal paydowns of held-to-maturity securities 155,184 114,535
Sale or maturity of investments 2,252  
Disposition of business 37,000  
Increase in loans held for investment, net (593,296) (195,186)
Payments for:    
Purchase of available-for-sale securities (601,660) (250)
Purchase of held-to-maturity securities (384,700)  
Purchase of fixed assets (53,002) (72,868)
Purchase of investments (12,900)  
Acquisitions, net of cash received   (28,523)
Net cash used in investing activities (1,065,991) (88,943)
Cash Flows From Financing Activities:    
Proceeds from borrowings, net 198,000 218,315
Repayments of Federal Home Loan Bank advances, net   (290,000)
Payment of contingent consideration (2,208) (2,994)
Increase/(decrease) in securities sold under agreements to repurchase 83,894 (93,419)
Increase/(decrease) in bank deposits, net 1,548,352 (813,736)
Increase/(decrease) in securities loaned (272,560) 132,952
Tax payments related to shares withheld for stock-based compensation plans (68,497) (27,847)
Proceeds from preferred stock issuance, net   155,294
Proceeds from non-controlling interests   26,800
Repurchase of common stock (56,160) (53,869)
Cash dividends on preferred stock (4,844) (2,344)
Cash dividends paid to common stock and equity-award holders (11,472) (12,944)
Cash paid to employees upon settlement of equity awards (27,101)  
Other   (490)
Net cash provided by/(used in) financing activities 1,387,404 (764,282)
Effect of exchange rate changes on cash (9,822) 2,156
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes 305,900 (1,217,909)
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 1,273,970 2,069,374
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,579,870 851,465
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 15,423 466
Cash paid for interest 28,707 49,425
Noncash financing activities:    
Unit grants, net of forfeitures $ 106,522 $ 92,344