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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Net cash flows from operating activities:    
Net income (loss) $ 209,280 $ 218,649
Adjustments to reconcile net income to net cash used for operations:    
Deferred income tax provision 101,476 124,099
Depreciation and amortization of property, equipment and leasehold improvements 120,705 92,189
Other amortization 8,309 3,956
Share-based compensation 71,852 87,493
Provision for doubtful accounts 18,626 10,131
Net securities gains (24,418) (20,903)
Income related to associated companies (182,192) (157,937)
Distributions from associated companies 185,369 130,930
Net (gains) losses related to property and equipment, and other assets 6,667 (29,584)
Gain on disposal of discontinued operations (2,000) (12,592)
Change in estimated litigation reserve (96,500) 0
Net change in:    
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 2,538,334 316,049
Trading assets (795,615) (2,781,472)
Investments in managed funds (296,453) (82,776)
Securities borrowed (852,183) (908,113)
Securities purchased under agreements to resell (351,875) (820,235)
Receivables from brokers, dealers and clearing organizations 97,622 (298,153)
Receivables from customers of securities operations (57,661) (612,457)
Other receivables (157,478) (102,453)
Other assets (69,354) (139,909)
Trading liabilities 644,008 2,634,241
Securities loaned 1,049,172 (40,086)
Securities sold under agreements to repurchase 176,960 (252,215)
Payables to brokers, dealers and clearing organizations 192,867 638,448
Payables to customers of securities operations (3,454,703) 730,493
Trade payables, expense accruals and other liabilities (200,390) 40,912
Other (60,693) (32,979)
Net cash used for operating activities (1,180,268) (1,264,274)
Net cash flows from investing activities:    
Acquisitions of property, equipment and leasehold improvements, and other assets (212,589) (470,781)
Proceeds from disposals of property and equipment, and other assets 10,806 49,628
Proceeds from disposal of discontinued operations, net of expenses and cash of operations sold 0 223,373
Acquisitions, net of cash acquired 0 (59,378)
Cash paid and cash of real estate operations sold to HomeFed Corporation 0 (19,730)
Advances on notes, loans and other receivables (283,000) (8,500)
Collections on notes, loans and other receivables 134,556 19,240
Loans to and investments in associated companies (1,134,067) (1,320,588)
Capital distributions and loan repayment from associated companies 1,123,480 1,301,118
Deconsolidation of asset management entities (16,512) (207,965)
Purchases of investments (other than short-term) (806,023) (1,473,934)
Proceeds from maturities of investments 324,415 920,949
Proceeds from sales of investments 1,800,227 1,542,798
Other 2,541 6,212
Net cash provided by investing activities 943,834 502,442
Net cash flows from financing activities:    
Issuance of debt, net of issuance costs 215,175 1,001,510
Change in short-term borrowings 0 80,000
Reduction of debt (770,671) (394,985)
Net proceeds from other secured financings 265,286 494,627
Issuance of common shares 1,031 1,295
Net distributions to redeemable noncontrolling interests 0 (2,765)
Distributions to noncontrolling interests 0 (2,152)
Contributions from noncontrolling interests 1,530 44,557
Purchase of common shares for treasury (121,619) (54,190)
Dividends paid (69,655) (69,785)
Other 385 1,640
Net cash provided by (used for) financing activities (478,538) 1,099,752
Effect of foreign exchange rate changes on cash (2,502) 2,363
Net increase (decrease) in cash and cash equivalents (717,474) 340,283
Cash and cash equivalents at January 1, including cash classified as assets of discontinued operations 4,276,775 3,907,595
Cash and cash equivalents at September 30, including cash classified as assets of discontinued operations 3,559,301 4,247,878
Supplemental disclosures of cash flow information:    
Interest 706,472 833,594
Income tax payments (refunds), net 5,388 5,475
Non-cash financing activities:    
Issuance of common shares for debt conversion $ 0 $ 97,546