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Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net cash flows from operating activities:    
Net income (loss) $ 197,244,000 $ (44,773,000)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operations:    
Deferred income tax provision (benefit) 121,608,000 (5,347,000)
Depreciation and amortization of property, equipment and leasehold improvements 33,146,000 40,851,000
Other amortization 13,962,000 11,661,000
Share-based compensation 14,460,000 2,711,000
Excess tax benefit from exercise of stock options (237,000) (9,000)
Provision for doubtful accounts 254,000 2,907,000
Net securities gains (531,940,000) (170,480,000)
Losses related to associated companies 270,112,000 175,425,000
Distributions from associated companies 32,441,000 15,916,000
Net gains related to real estate, property and equipment, and other assets (89,351,000) (10,435,000)
Income related to Fortescue's Pilbara project, net of proceeds received (28,798,000) (68,258,000)
Loss on buyback of debt 6,352,000  
Gain on disposal of discontinued operations (1,423,000)  
Change in estimated litigation reserve (2,241,000)  
Net change in:    
Restricted cash 1,368,000 (21,851,000)
Trade, notes and other receivables (7,810,000) (10,935,000)
Prepaids and other assets 1,593,000 (1,134,000)
Trade payables and expense accruals (22,266,000) 9,928,000
Other liabilities (3,622,000) 2,898,000
Deferred revenue (482,000) 8,521,000
Income taxes payable (1,933,000) 5,275,000
Other (513,000) (513,000)
Net cash provided by (used for) operating activities 1,924,000 (57,642,000)
Net cash flows from investing activities:    
Acquisition of property, equipment and leasehold improvements (21,264,000) (12,583,000)
Acquisitions of and capital expenditures for real estate investments (6,190,000) (6,323,000)
Proceeds from disposals of real estate, property and equipment, and other assets 23,326,000 4,473,000
Net change in restricted cash 5,426,000 (40,000)
Settlement of lawsuit   1,942,000
Proceeds from sales of discontinued operations 1,702,000  
Acquisitions, net of cash acquired (86,306,000) (191,000)
Advances on notes and other receivables (3,171,000) (4,231,000)
Collections on notes, loans and other receivables 10,112,000 11,130,000
Investments in associated companies (126,073,000) (11,137,000)
Capital distributions and loan repayment from associated companies 271,076,000 29,319,000
Purchases of investments (other than short-term) (1,232,513,000) (542,792,000)
Proceeds from maturities of investments 268,806,000 106,799,000
Proceeds from sales of investments 869,087,000 541,450,000
Other 3,498,000 258,000
Net cash provided by (used for) investing activities (22,484,000) 118,074,000
Net cash flows from financing activities:    
Issuance of debt, net of issuance costs 258,984,000 39,011,000
Reduction of debt (143,836,000) (4,324,000)
Issuance of common shares 6,853,000 619,000
Excess tax benefit from exercise of stock options 237,000 9,000
Other (3,926,000) (1,638,000)
Net cash provided by financing activities 118,312,000 33,677,000
Net increase in cash and cash equivalents 97,752,000 94,109,000
Cash and cash equivalents at January 1, including cash classified as current assets of discontinued operations 441,340,000 154,128,000
Cash and cash equivalents at June 30, including cash classified as current assets of discontinued operations 539,092,000 248,237,000
Supplemental disclosures of cash flow information:    
Interest 58,235,000 61,570,000
Income tax payments, net $ 13,042,000 $ 2,838,000