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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Net cash flows from operating activities:    
Net income (loss) $ (147,990) $ 389,463
Adjustments to reconcile net income (loss) to net cash used for operations:    
Deferred income tax provision (benefit) (17,192) 193,966
Depreciation and amortization 78,332 82,901
Share-based compensation 16,055 52,869
Provision for doubtful accounts 16,598 7,125
Net securities gains (8,142) (24,182)
(Income) related to associated companies (40,690) (119,404)
Distributions from associated companies 71,858 135,388
Net losses related to property and equipment, and other assets 11,566 934
Change in estimated litigation reserve 0 (88,500)
Net change in:    
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations (85,446) 1,046,324
Trading assets 1,639,682 (770,207)
Investments in managed funds 77,405 (307,949)
Securities borrowed (604,046) (988,097)
Securities purchased under agreements to resell 607,560 137,998
Receivables from brokers, dealers and clearing organizations (310,748) (321,111)
Receivables from customers of securities operations 86,026 33,904
Other receivables (156,998) (211,187)
Other assets (383,319) (102,062)
Trading liabilities 1,214,045 325,114
Securities loaned (28,625) 1,098,339
Securities sold under agreements to repurchase (1,548,353) 463,962
Payables to brokers, dealers and clearing organizations (239,760) (728,172)
Payables to customers of securities operations (367,505) (1,785,772)
Trade payables, expense accruals and other liabilities 76,697 (143,887)
Other 16,853 (71,674)
Net cash used for operating activities (26,137) (1,693,917)
Net cash flows from investing activities:    
Acquisitions of property, equipment and leasehold improvements, and other assets (159,866) (137,935)
Proceeds from disposals of property and equipment, and other assets 24,644 5,461
Acquisitions, net of cash acquired (9,673) 0
Advances on notes, loans and other receivables (190,019) (283,000)
Collections on notes, loans and other receivables 20,274 99,999
Loans to and investments in associated companies (329,840) (936,713)
Capital distributions and loan repayments from associated companies 321,953 937,543
Purchases of investments (other than short-term) (387,651) (687,908)
Proceeds from maturities of investments 59,493 241,121
Proceeds from sales of investments 174,405 1,170,119
Other (3,247) 1,706
Net cash provided by (used for) investing activities (479,527) 410,393
Net cash flows from financing activities:    
Issuance of debt, net of issuance costs 413,645 155,408
Net change in short-term borrowings 86,547 350,000
Reduction of debt (635,176) (118,637)
Net proceeds from other secured financings 64,493 187,887
Net change in bank overdrafts (54,508) 0
Issuance of common shares 734 954
Distributions to redeemable noncontrolling interests 6,859 0
Distributions to noncontrolling interests (834) 0
Contributions from noncontrolling interests 115,801 993
Purchase of common shares for treasury (34,357) (30,356)
Dividends paid (45,899) (46,529)
Other 278 423
Net cash provided by (used for) financing activities (96,135) 500,143
Effect of foreign exchange rate changes on cash (5,913) (2,362)
Net decrease in cash and cash equivalents (607,712) (785,743)
Cash and cash equivalents at January 1, 3,638,648 4,276,775
Cash and cash equivalents at June 30, 3,030,936 3,491,032
Supplemental disclosures of cash flow information:    
Interest 465,861 457,022
Income tax payments (refunds), net (14,653) 4,624
Non-cash financing activities:    
Purchase of common shares for treasury settled after June 30, 2016 $ (24,870) $ 0