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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net cash flows from operating activities:      
Net income $ 252,847 $ 194,321 $ 252,111
Adjustments to reconcile net income to net cash provided by (used for) operations:      
Deferred income tax provision 712,055 118,631 134,016
Depreciation and amortization of property, equipment and leasehold improvements 146,179 144,116 164,067
Other amortization 17,860 22,673 8,006
Share-based compensation 48,384 33,597 74,087
Provision for doubtful accounts 45,868 34,252 20,168
Net securities gains (23,028) (29,542) (62,957)
Income related to associated companies (34,494) (171,782) (185,998)
Distributions from associated companies 143,286 191,455 223,658
Net losses related to property and equipment, and other assets 31,670 83,053 29,776
Gain on sale of subsidiaries (179,605) 0 0
Gain on disposal of discontinued operations 0 0 (7,836)
Change in estimated litigation reserve 0 0 (96,500)
Net change in:      
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 280,703 (107,771) 2,691,028
Trading assets (596,780) 2,687,399 1,380,230
Investments in managed funds (52,897) 75,144 (295,342)
Securities borrowed 50,660 (805,779) (127,060)
Securities purchased under agreements to resell 234,740 (112,777) 56,377
Receivables from brokers, dealers and clearing organizations (555,109) (488,623) 551,021
Receivables from customers of securities operations (732,344) 340,690 58,233
Other receivables (248,217) (162,748) (145,634)
Other assets 2,987 (283,234) 83,414
Trading liabilities (25,663) 1,727,698 (2,011,277)
Securities loaned 381 (122,946) 420,929
Securities sold under agreements to repurchase 1,838,793 (3,144,433) (688,355)
Payables to brokers, dealers and clearing organizations (1,079,516) 569,246 486,841
Payables to customers of securities operations 366,721 (483,188) (3,455,080)
Trade payables, expense accruals and other liabilities 427,115 361,295 (225,711)
Other 236 (61,900) (93,967)
Net cash provided by (used for) operating activities 1,072,832 608,847 (761,755)
Net cash flows from investing activities:      
Acquisitions of property, equipment and leasehold improvements, and other assets (193,473) (318,678) (295,894)
Proceeds from disposals of property and equipment, and other assets 30,833 62,463 22,820
Proceeds from sale of subsidiary, net of expenses and cash of operations sold 289,767 0 0
Proceeds from disposal of discontinued operations, net of expenses and cash of operations sold 0 0 5,842
Acquisitions, net of cash acquired 0 (9,673) 0
Advances on notes, loans and other receivables (39,953) (342,281) (420,219)
Collections on notes, loans and other receivables 270,689 121,825 153,004
Loans to and investments in associated companies (3,305,791) (763,528) (1,492,060)
Capital distributions and loan repayment from associated companies 3,106,423 703,108 1,389,262
Proceeds from sale of associated companies 173,105 0 0
Deconsolidation of subsidiary entities (21,129) (326) (16,512)
Purchases of investments (other than short-term) (1,146,595) (739,298) (873,831)
Proceeds from maturities of investments 344,223 162,393 379,629
Proceeds from sales of investments 443,300 483,360 1,931,656
Other 1,339 978 (2,532)
Net cash provided by (used for) investing activities (47,262) (639,657) 781,165
Net cash flows from financing activities:      
Issuance of debt, net of issuance costs 2,095,559 1,020,050 363,595
Other changes in short-term borrowings, net 23,324 204,882 298,659
Repayment of debt (1,401,104) (962,515) (1,316,494)
Net change in other secured financings 1,248 116,702 205,231
Net change in bank overdrafts (5,650) (46,536) 0
Issuance of common shares 1,501 1,062 1,223
Net contributions from (distributions to) redeemable noncontrolling interests (90,233) (52,889) 5,165
Distributions to noncontrolling interests (12,031) (18,544) (7,277)
Contributions from noncontrolling interests 40,072 154,522 15,469
Purchase of common shares for treasury (100,477) (95,020) (125,754)
Dividends paid (117,407) (91,296) (92,550)
Other (1) 488 750
Net cash provided by (used for) financing activities 434,801 230,906 (651,983)
Effect of foreign exchange rate changes on cash 10,687 (25,980) (5,554)
Change in cash classified as assets held for sale (3,136) (5,206) 0
Net increase (decrease) in cash and cash equivalents 1,467,922 168,910 (638,127)
Cash and cash equivalents at January 1, 3,807,558 3,638,648 4,276,775
Cash and cash equivalents at December 31, $ 5,275,480 $ 3,807,558 $ 3,638,648