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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net income $ 315,003 $ 319,318
Receivables:    
Brokerage clients 297,127 (194,655)
Brokers, dealers, and clearing organizations 183,105 (156,658)
Securities purchased under agreements to resell (51,852) 75,851
Financial instruments owned, including those pledged 153,217 110,240
Loans originated as held for sale (2,013,038) (1,293,650)
Proceeds from mortgages held for sale 2,141,691 1,255,823
Loans and advances to financial advisors and other employees (138,020) (147,144)
Other assets 64,572 (41,002)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients 287,384 69,761
Brokers, dealers, and clearing organizations (33,956) 56,711
Drafts (29,060) (20,072)
Financial instruments sold, but not yet purchased (62,918) (41,565)
Other liabilities and accrued expenses (37,105) (132,768)
Net cash provided by operating activities 1,334,524 33,305
Net cash provided by/(used in) operating activities 1,334,524 33,305
Depreciation and amortization 29,659 28,930
Amortization of loans and advances to financial advisors and other employees 76,728 69,286
Amortization of premium on investment portfolio 15,516 26,687
Provision for credit losses and allowance for loans and advances to financial advisors and other employees 35,066 5,837
Amortization of intangible assets 14,489 10,960
Deferred income taxes (8,973) (13,573)
Stock-based compensation 80,987 78,329
(Gains)/losses on sale of investments 22,828 (1,279)
Other, net (7,926) (32,062)
Cash Flows From Investing Activities:    
Principal paydowns, sales, calls, and maturities of available-for-sale securities 781,922 1,034,741
Calls and principal paydowns of held-to-maturity securities 155,784 456,804
Sale of other real estate owned   7,300
Sale or maturity of investments 2,252 4,263
Disposition of business 37,000  
Increase in loans held for investment, net (1,075,568) (592,547)
Payments for:    
Purchase of fixed assets (70,532) (116,307)
Purchase of available-for-sale securities (628,660) (239,155)
Purchase of held-to-maturity securities (384,700) (243,335)
Purchase of investments (21,317) (9,100)
Acquisitions, net of cash received (280) (136,196)
Net cash (used in)/provided by investing activities (1,204,099) 166,468
Cash Flows From Financing Activities:    
Repayments of borrowings, net   (62,810)
Repayments of Federal Home Loan Bank advances, net (250,000) (290,000)
Payment of contingent consideration (22,285) (6,925)
(Decrease)/increase in securities sold under agreements to repurchase (209,363) 5,189
Increase/(decrease) in bank deposits, net 1,067,420 (1,026,967)
(Decrease)/increase in securities loaned (520,982) 124,707
Tax payments related to shares withheld for stock-based compensation plans (70,754) (30,425)
Proceeds from preferred stock issuance, net 217,995 154,988
Proceeds from issuance of senior notes, net 393,940  
Proceeds from non-controlling interests   26,800
Repurchase of common stock (56,517) (180,434)
Cash dividends on preferred stock (18,972) (12,476)
Cash dividends paid to common stock and equity-award holders (34,800) (31,697)
Cash paid to employees upon settlement of equity awards (27,101)  
Other   (2,379)
Net cash provided by/(used in) financing activities 468,581 (1,332,429)
Effect of exchange rate changes on cash (2,032) (5,198)
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes 596,974 (1,137,854)
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 1,870,944 931,520
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 112,190 110,907
Cash paid for interest 66,974 149,984
Noncash financing activities:    
Unit grants, net of forfeitures $ 117,801 $ 128,539