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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net cash flows from operating activities:    
Net income $ 300,289 $ 487,235
Adjustments to reconcile net income to net cash used for operations:    
Deferred income tax provision 39,704 263,133
Depreciation and amortization of property, equipment and leasehold improvements 19,159 26,247
Other amortization 17,093 23,894
Share-based compensation 1,829 3,892
Provision for doubtful accounts 2,361 2,484
Net securities gains (229,891) (424,936)
Income related to associated companies (213,527) (401,908)
Distributions from associated companies 9,766 10,660
Net gains related to real estate, property and equipment, and other assets (448) (4,352)
Income related to Fortescue's Pilbara project, net of proceeds received   62,812
Loss on disposal of discontinued operations 500  
Net change in:    
Receivables (1,931) (28,591)
Other assets (2,820) 3,142
Trade payables, expense accruals and other liabilities (105,320) (65,983)
Other (22) (416)
Net cash used for operating activities (163,258) (42,687)
Net cash flows from investing activities:    
Acquisitions of property, equipment and leasehold improvements (20,777) (18,575)
Acquisitions of and capital expenditures for real estate investments (1,011) (1,248)
Proceeds from disposals of real estate, property and equipment, and other assets 14,985 1,979
Net change in restricted cash 86 4,676
Proceeds from disposal of discontinued operations, net of expenses and cash of operations sold 1,422 (384)
Cash acquired upon acquisition of Jefferies Group LLC 3,017,958  
Advances on notes and other receivables (1,406) (451)
Collections on notes, loans and other receivables 6,206 6,068
Investments in associated companies (16,173) (498)
Capital distributions and loan repayment from associated companies 7,229 8,886
Purchases of investments (other than short-term) (353,965) (558,688)
Proceeds from maturities of investments 271,363 75,162
Proceeds from sales of investments 185,008 1,022,731
Other (245)  
Net cash provided by investing activities 3,110,680 539,658
Net cash flows from financing activities:    
Issuance of debt, net of issuance costs 114,048 70,433
Reduction of debt (18,899) (525,940)
Cash and Cash equivalents of Crimson Wine Group, Ltd. Which was spun off (21,042)  
Distributions to redeemable noncontrolling interests (119)  
Dividends paid (22,996)  
Other (3,953) (4,663)
Net cash provided by (used for) financing activities 47,039 (460,170)
Net increase in cash and cash equivalents 2,994,461 36,801
Cash and cash equivalents at January 1, including cash classified as assets of discontinued operations 145,960 168,490
Cash and cash equivalents at March 31, including cash classified as assets of discontinued operations 3,140,421 205,291
Supplemental disclosures of cash flow information:    
Interest 37,587 56,466
Income tax payments, net 7,732 14,941
Non-cash investing activities:    
Common stock issued for acquisition of Jefferies Group LLC 3,376,939  
Non-cash financing activities:    
Net assets excluding cash and cash equivalents of Crimson Wine Group, Ltd., which was spun off $ 175,958