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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net income $ 173,015 $ 86,589
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 10,907 9,378
Amortization of loans and advances to financial advisors and other employees 26,961 27,729
Amortization of premium on investment portfolio 4,498 6,210
Provision for credit losses and allowance for loans and advances to financial advisors and other employees (5,252) 19,253
Amortization of intangible assets 4,268 5,032
Deferred income taxes 47,253 17,098
Stock-based compensation 32,029 30,762
(Gains)/losses on sale of investments (4,284) 31,043
Other, net 26,582 (5,464)
Receivables:    
Brokerage clients (266,101) (117,920)
Brokers, dealers, and clearing organizations (12,940) (76,604)
Securities purchased under agreements to resell (252,095) (73,960)
Financial instruments owned, including those pledged (287,254) 40,421
Loans originated as held for sale (754,317) (474,824)
Proceeds from mortgages held for sale 952,053 506,936
Loans and advances to financial advisors and other employees (30,700) (40,554)
Other assets (238,950) (51,427)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients (178,278) 205,936
Brokers, dealers, and clearing organizations 44,423 106,196
Drafts (39,591) (29,019)
Financial instruments sold, but not yet purchased 206,784 5,943
Other liabilities and accrued expenses 20,804 (234,445)
Net cash used in operating activities (520,185) (5,691)
Cash Flows From Investing Activities:    
Principal paydowns, calls, and maturities of available-for-sale securities 128,302 385,131
Calls and principal paydowns of held-to-maturity securities 480,635 155,184
Sale or maturity of investments 1,108 2,252
Disposition of business   37,000
Increase in loans held for investment, net (1,079,671) (593,296)
Payments for:    
Purchase of fixed assets (11,245) (601,660)
Purchase of available-for-sale securities (427,596) (384,700)
Purchase of held-to-maturity securities (811,473) (53,002)
Purchase of investments (2,675) (12,900)
Acquisitions, net of cash received (315)  
Net cash used in investing activities (1,722,930) (1,065,991)
Cash Flows From Financing Activities:    
Proceeds from borrowings, net   198,000
Payment of contingent consideration (10,480) (2,208)
Increase in securities sold under agreements to repurchase 17,273 83,894
Increase in bank deposits, net 1,318,636 1,548,352
Increase/(decrease) in securities loaned 86,577 (272,560)
Tax payments related to shares withheld for stock-based compensation plans (66,839) (68,497)
Repurchase of common stock (12,038) (56,160)
Cash dividends on preferred stock (8,289) (4,844)
Cash dividends paid to common stock and equity-award holders (15,682) (11,472)
Cash paid to employees upon settlement of equity awards   (27,101)
Net cash provided by financing activities 1,309,158 1,387,404
Effect of exchange rate changes on cash 2,336 (9,822)
(Decrease)/increase in cash, cash equivalents, and cash segregated for regulatory purposes (931,621) 305,900
Cash, cash equivalents, and cash segregated for regulatory purposes at beginning of period 2,452,206 1,273,970
Cash, cash equivalents, and cash segregated for regulatory purposes at end of period 1,520,585 1,579,870
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 8,394 15,423
Cash paid for interest 15,610 28,707
Noncash financing activities:    
Unit grants, net of forfeitures $ 128,639 $ 106,522