7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 
      
    		                                                                          
      cash flows from operating activities:
    		                                                                          
      net income
    		240,000,000 191,000,000 501,000,000 245,000,000 142,000,000 148,000,000 494,829,000 200,945,000 206,154,000 125,072,000 86,093,000 451,680,000 489,916,000 396,271,000 692,874,000 436,622,000 443,442,000 268,977,000 315,386,000 184,840,000 82,112,000 173,530,000 639,133,000 258,053,000 223,438,000 170,826,000 394,503,000 291,689,000 229,631,000 150,125,000 170,686,000 197,361,000 198,396,000 131,503,000 265,126,000 110,853,000 123,445,000 84,640,000 182,595,000 149,991,000 133,153,000 93,138,000 205,670,000 109,692,000 130,199,000 67,942,000 118,540,000 94,166,000 74,234,000 61,855,000 156,537,000 42,705,000 75,599,000 29,946,000 110,939,000 60,033,000 74,867,000 44,486,000 71,795,000 55,715,000 44,686,000 -16,187,000 141,135,000 11,977,000 125,098,000 92,309,000 64,254,000 36,910,000 95,412,000 56,936,000 50,421,000 14,572,000 66,433,000 11,895,000 
      reconciliation of net income to net cash from operating activities:
    		                                                                          
      depreciation and amortization
    		182,000,000 177,000,000 177,000,000 178,000,000 161,000,000 158,000,000 156,962,000 149,160,000 154,387,000 161,491,000 159,561,000 142,136,000 162,359,000 149,032,000 162,144,000 122,564,000 119,085,000 122,078,000 143,825,000 127,725,000 116,384,000 113,794,000 115,362,000 111,560,000 106,479,000 105,823,000 116,940,000 113,484,000 113,399,000 108,165,000 109,100,000 102,591,000 100,386,000 94,037,000 96,940,000 92,725,000 90,268,000 86,994,000 98,598,000 75,047,000 70,605,000 69,846,000 69,444,000 67,159,000 63,295,000 65,203,000 52,994,000 47,524,000 44,215,000 46,537,000 46,010,000 40,102,000 38,336,000 46,457,000 36,534,000 31,308,000 25,619,000 23,469,000 29,245,000 25,638,000 27,784,000 26,295,000 27,511,000 27,368,000 25,518,000 14,892,000 12,255,000 14,930,000 12,663,000 11,665,000 10,818,000 10,370,000 14,856,000 12,340,000 
      amortization of other assets
    		55,000,000 48,000,000                                                                         
      net non-cash mortgage servicing rights and premiums on loan sales
    		                                                                          
      deferred income taxes
    		                                      -9,469,000 -3,056,000   -34,773,000 14,188,000   -7,003,000                      -8,948,000 -1,207,000 11,355,000 -6,859,000   
      stock-based compensation expense
    		                                                                          
      equity income from investments
    		                                                                          
      other non-cash adjustments
    		                                                                          
      changes in:
    		                                                                          
      sale of mortgage loans
    		                                                                          
      origination of mortgage loans
    		-4,047,000,000 -2,599,000,000 -4,456,000,000 -3,804,000,000 -2,192,000,000 -2,216,000,000 -2,294,141,000 -2,716,961,000 -2,399,309,000 -2,494,589,000 -3,092,216,000 -3,574,812,000 -3,763,467,000 -3,221,312,000 -4,303,721,000 -5,134,062,000 -3,668,795,000 -3,909,261,000 -9,540,887,000 -4,564,480,000 -3,303,340,000 -3,859,407,000  -5,291,517,000 -5,443,999,000 -4,646,348,000  -6,427,070,000 -4,420,221,000 -3,132,008,000  -4,593,782,000                                           
      warehouse lines of credit
    		                                                                          
      receivables, prepaid expenses and other assets
    		                                                                          
      accounts payable, accrued liabilities and other liabilities
    		                                                                          
      accrued compensation expenses
    		                                                                          
      income taxes
    		                      62,330,000 93,859,000 154,635,000 54,241,000 140,544,000 75,472,000 122,614,000 37,219,000 152,769,000 40,343,000 126,552,000 37,333,000 69,719,000 64,776,000 77,375,000 82,978,000                                     
      net cash from operating activities
    		57,000,000 -546,000,000 1,340,000,000 573,000,000 287,000,000 -492,000,000 853,380,000 382,245,000 -10,868,000 -744,757,000 814,279,000 753,893,000 454,423,000 -393,507,000 1,164,057,000 973,003,000 420,566,000 -193,448,000 970,137,000 854,579,000 142,344,000 -136,281,000 1,084,079,000 456,133,000 85,057,000 -401,889,000 628,938,000 594,373,000 157,896,000 -249,958,000 463,237,000 438,005,000 151,293,000 -342,030,000 503,504,000 156,828,000 118,623,000 -328,640,000 509,487,000 184,601,000 137,659,000 -179,850,000 593,302,000 292,462,000 45,982,000 -269,966,000 510,468,000 149,969,000 164,557,000 -79,886,000 411,017,000 81,723,000 97,290,000 -298,949,000 257,095,000 260,514,000 -42,508,000 -113,882,000 291,663,000 223,917,000 93,916,000 7,091,000 90,662,000 115,229,000 284,070,000    222,876,000 125,579,000 70,776,000 -59,575,000 143,570,000  
      cash flows from investing activities:
    		                                                                          
      capital expenditures
    		-74,000,000 -64,000,000 -93,000,000 -79,000,000 -67,000,000 -68,000,000 -93,733,000 -76,255,000 -74,728,000 -60,284,000 -99,144,000 -64,274,000 -54,666,000 -42,056,000 -88,442,000 -45,465,000 -46,347,000 -29,597,000 -76,029,000 -56,397,000 -71,908,000 -62,241,000  -59,909,000 -53,009,000 -47,665,000  -44,411,000 -60,758,000 -46,724,000  -41,743,000 -36,128,000 -23,735,000 -56,848,000 -55,299,000 -45,590,000 -33,468,000 -54,140,000 -34,936,000 -31,760,000 -18,628,000 -78,624,000 -39,013,000 -39,952,000 -13,653,000 -77,615,000 -39,191,000 -30,737,000 -8,815,000 -69,645,000 -41,882,000 -30,619,000 -8,086,000 -52,582,000 -48,250,000 -33,526,000 -13,622,000 -50,579,000 -10,724,000 -4,263,000 -2,898,000         -8,369,000 -7,144,000   
      free cash flows
    		-17,000,000 -610,000,000 1,247,000,000 494,000,000 220,000,000 -560,000,000 759,647,000 305,990,000 -85,596,000 -805,041,000 715,135,000 689,619,000 399,757,000 -435,563,000 1,075,615,000 927,538,000 374,219,000 -223,045,000 894,108,000 798,182,000 70,436,000 -198,522,000  396,224,000 32,048,000 -449,554,000  549,962,000 97,138,000 -296,682,000  396,262,000 115,165,000 -365,765,000 446,656,000 101,529,000 73,033,000 -362,108,000 455,347,000 149,665,000 105,899,000 -198,478,000 514,678,000 253,449,000 6,030,000 -283,619,000 432,853,000 110,778,000 133,820,000 -88,701,000 341,372,000 39,841,000 66,671,000 -307,035,000 204,513,000 212,264,000 -76,034,000 -127,504,000 241,084,000 213,193,000 89,653,000 4,193,000         62,407,000 -66,719,000   
      payments for business acquired, net of cash acquired
    		                                                                          
      capital contributions related to investments
    		                                                                          
      acquisition and development of real estate assets
    		-68,000,000 -66,000,000 -177,000,000 -76,000,000 -77,000,000 -59,000,000 -67,749,000                                                                    
      other investing activities
    		179,000,000 22,000,000 19,000,000 -13,000,000 37,000,000 16,000,000 24,465,000 -711,000 -33,828,000 4,074,000 6,764,000 1,574,000 -3,870,000 -4,487,000 1,846,000 -24,313,000 -1,136,000 16,000 -5,115,000 4,317,000 2,246,000 9,068,000 1,060,000 366,000 -455,000 679,000  827,000 55,000 -6,439,000 1,236,000 -1,452,000 1,381,000 1,227,000 2,729,000 -1,832,000 1,161,000 -2,303,000 2,959,000 -2,482,000 834,000 358,000 7,000 243,000 301,000 26,000 537,000 400,000 5,715,000 479,000 -1,993,000 2,531,000 -274,000 1,900,000 747,000 -1,261,000 48,000 -752,000 -540,000 -432,000 -1,890,000 936,000   -71,000   325,000 -429,000 818,000 -303,000 1,329,000 620,000 -4,365,000 
      net cash from investing activities
    		-5,000,000 -462,000,000 -20,000,000 -187,000,000 -407,000,000 -900,000,000 -143,871,000 -167,811,000 -254,251,000 -115,067,000 -228,706,000 -274,807,000 -233,321,000 -95,621,000 -725,491,000 -210,915,000 -150,587,000 -193,904,000 -135,098,000 -70,545,000 -43,711,000 -92,231,000  -111,667,000 -59,960,000 -64,624,000  -77,467,000 -312,420,000 -64,212,000  5,098,000 -18,380,000 -20,525,000 32,182,000 -103,000 -40,824,000 1,306,000 12,987,000 -1,461,109,000 -64,004,000 -106,833,000 -37,050,000 -112,508,000 1,498,000 -3,496,000 -491,256,000 -38,768,000 51,479,000 13,551,000 -44,159,000 -19,965,000 -59,152,000 -74,395,000 66,286,000 -594,250,000 -17,612,000 65,321,000 -41,648,000 -24,880,000 8,873,000 -4,848,000         -41,011,000 -11,227,000 -32,140,000  
      cash flows from financing activities:
    		                                                                          
      proceeds from revolving credit facility
    		  960,000,000 708,000,000 1,435,000,000 1,070,000,000 170,000,000 630,000,000 1,546,000,000 1,660,000,000    210,000,000     0 0 504,000,000 331,671,000 926,000,000 1,087,000,000 1,089,000,000 507,000,000 345,000,000 913,000,000 1,102,000,000 898,000,000 610,000,000 0 645,000,000 266,000,000 714,000,000 839,000,000 791,000,000 565,000,000 536,000,000 1,276,500,000 567,000,000 264,000,000 185,000,000 534,000,000 536,803,000 617,765,000 211,435,000 61,000,000 214,637,000 123,490,000 0 18,048,000   38,891,000 249,000,000 514,733,000 230,000,000 90,410,000 0 12,609,000 3,740,000 0 73,186,000 331,343,000 233,981,000         
      repayment of revolving credit facility
    		0 -132,000,000 -1,511,000,000 -965,000,000 -1,315,000,000 -250,000,000 -843,000,000 -540,000,000 -2,172,000,000 -629,000,000         0 -451,000,000 -52,970,000 -331,701,000  -1,265,000,000 -1,195,000,000 -171,000,000  -1,370,000,000 -967,000,000 -435,000,000  0 -765,000,000 -146,000,000 -797,000,000 -912,000,000 -915,000,000 -285,000,000 -936,500,000 -876,000,000 -677,000,000 -158,512,000 -327,063,000 -710,044,000 -561,203,000 -401,112,000 -159,736,000 -116,178,000 -180,000,000 -86,236,000 0 0 -4,435,000 -10,795,000 -37,718,000 -315,414,000 -465,000,000 -187,000,000 -91,467,000 -8,694,000 -6,456,000 -4,040,000             
      proceeds from commercial paper
    		-239,000,000 1,421,000,000                                                                         
      proceeds from long-term debt
    		                                                                          
      repayment of long-term debt
    		                                                                          
      repurchase of common stock
    		-262,000,000 -418,000,000 -517,000,000 -63,000,000   -19,131,000 -516,061,000 0 -129,808,000 -445,924,000 -410,625,000 -625,906,000 -367,863,000 -180,318,000 -100,010,000 -27,167,000 -61,108,000 0 0 0 -50,028,000  -49,000,000 0 -45,088,000                                                 
      other financing activities
    		-81,000,000 -167,000,000 46,000,000 -15,000,000 -11,000,000 -21,000,000 1,821,000 -13,044,000 -23,303,000 -34,474,000 -5,893,000 -15,623,000 -1,354,000 -11,606,000 -1,629,000 -11,809,000 -16,015,000 -14,943,000 -41,559,000 2,519,000 -1,984,000 -869,000 6,964,000 -736,000 -3,869,000 -566,000  -839,000 -88,000 12,000  993,000 -3,974,000 308,000 -165,000 -4,813,000 3,856,000 -236,000 -3,809,000 -4,000 -3,766,000 1,628,000 -1,265,000 0 -2,557,000 1,111,000 -1,627,000 -1,448,000 -3,010,000 1,548,000 84,000 -964,000 -2,177,000 2,119,000 -17,000 -21,000 -2,661,000 2,570,000 -856,000 499,000 -348,000 367,000      187,000   -1,766,000 453,000 3,174,000  
      net cash from financing activities
    		-96,000,000 1,256,000,000 -1,148,000,000 -315,000,000 50,000,000 1,192,000,000 -752,323,000 -168,454,000 313,740,000 761,037,000 -553,372,000 -452,225,000 -551,487,000 -209,009,000 -765,505,000 -104,150,000 -22,942,000 401,966,000 -513,932,000 -488,287,000 470,868,000 -93,905,000  -237,937,000 -114,054,000 300,028,000  -479,522,000 84,697,000 181,345,000  -29,576,000 -132,351,000 117,770,000 -198,804,000 -142,327,000 -130,826,000 272,314,000 -420,622,000 1,390,639,000 -120,034,000 -60,435,000 -414,226,000 71,434,000 -97,605,000 208,328,000 -26,637,000 -99,655,000 -243,324,000 -496,665,000 -52,914,000 -21,738,000 -3,552,000 -22,485,000 111,804,000 259,878,000 378,807,000 -39,164,000 -511,201,000 -183,880,000 -34,917,000 -54,224,000 29,101,000 65,237,000    8,075,000   6,440,000 -27,133,000 -5,645,000 -144,408,000 
      effect of currency exchange rate changes on cash and cash equivalents and restricted cash
    		63,000,000 44,000,000 -108,000,000 53,000,000 -24,000,000 -44,000,000 60,599,000 -50,242,000 -11,084,000 13,727,000 149,597,000 -134,526,000 -131,528,000 -49,015,000 -9,402,000 -38,625,000 8,065,000 -52,154,000 71,583,000 37,076,000 11,538,000 -38,633,000  -17,449,000 14,514,000 -9,791,000  -12,792,000 -48,640,000 29,819,000                                             
      net change in cash, cash equivalents and restricted cash
    		                                                                          
      cash, cash equivalents and restricted cash, at beginning of period
    		                                                                          
      cash, cash equivalents and restricted cash, at end of period
    		                                                                          
      supplemental disclosures of cash flow information:
    		                                                                          
      cash paid during the period for:
    		                                                                          
      interest
    		124,000,000 102,000,000 89,000,000 137,000,000 70,000,000 100,000,000 63,171,000 36,528,000 51,922,000 39,379,000 20,345,000 41,133,000 14,919,000 12,826,000 11,937,000 12,919,000 1,132,000 15,080,000 7,048,000 29,270,000 3,855,000 27,290,000 6,487,000 33,654,000 12,919,000 33,606,000 8,343,000 36,485,000 10,343,000 48,994,000 5,338,000 52,336,000 7,463,000 52,027,000 7,528,000 54,852,000 9,215,000 54,205,000 7,256,000 37,699,000 5,960,000 37,163,000 38,113,000 29,422,000 21,790,000 29,424,000 20,912,000 29,663,000 46,034,000 20,541,000 58,972,000 21,653,000 59,660,000 21,660,000 58,958,000 10,856,000 55,464,000 12,757,000 46,779,000 37,223,000 55,806,000 29,602,000 39,731,000 38,472,000 17,185,000 3,249,000 30,499,000 4,994,000 19,332,000      
      income tax payments
    		220,000,000 131,000,000 116,000,000 107,000,000 154,000,000 90,000,000 83,592,000 80,014,000 221,335,000 82,059,000 96,809,000 171,291,000 247,617,000 88,649,000 109,471,000    47,544,000                    75,096,000 62,623,000 91,121,000 56,890,000 65,047,000 83,895,000 84,252,000 98,063,000 66,360,000 25,749,000 57,572,000 53,721,000  37,561,000 68,729,000 74,621,000                     
      non-cash investing and financing activities:
    		                                                                          
      deferred and/or contingent consideration
    		0 27,000,000 4,000,000 0 4,000,000 11,000,000                                                                     
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                          
      gains related to mortgage servicing rights, premiums on loan sales and sales of other assets
    		 -33,000,000 -51,000,000 -51,000,000 -31,000,000 -29,000,000 -23,184,000 -33,476,000 -21,859,000 -23,481,000 -69,569,000 -45,788,000 -58,728,000 -28,422,000 55,202,000 -66,127,000 -59,959,000 -72,045,000 -118,474,000 -73,809,000 -53,324,000 -52,373,000  -76,820,000 -60,766,000 -53,517,000  -58,266,000 -53,629,000 -45,078,000  -50,169,000                                           
      increase in net deferred income taxes assets and liabilities
    		 -3,000,000                                                                         
      net compensation expense for equity awards
    		 21,000,000 34,000,000 43,000,000 39,000,000 30,000,000 22,984,000 34,220,000 20,683,000 18,113,000 36,513,000 41,490,000 45,459,000 36,863,000 51,626,000 48,075,000   18,550,000 22,137,000                                                       
      equity (income) income from unconsolidated subsidiaries
    		 -16,000,000                                                        -15,179,000 -15,228,000 -3,682,000               
      other non-cash adjustments to net income
    		 8,000,000                                                                         
      proceeds from sale of mortgage loans
    		 1,976,000,000 5,338,000,000 3,350,000,000 2,075,000,000 2,054,000,000 2,632,999,000 2,724,553,000 2,189,839,000 2,166,609,000 3,829,949,000 3,426,548,000 3,934,339,000 3,336,084,000 4,427,062,000 4,865,032,000 3,258,827,000 4,643,685,000 9,372,240,000 4,144,154,000 3,825,496,000 3,595,631,000 4,018,260,000 5,687,532,000 5,645,471,000 4,453,797,000 6,879,086,000 6,331,976,000 4,109,433,000 2,910,181,000 6,736,715,000 4,244,113,000                                           
      increase in warehouse lines of credit
    		 626,000,000 -870,000,000 461,000,000 122,000,000 173,000,000 -328,279,000 -3,116,000 214,598,000 334,797,000     -106,321,000   -708,491,000 192,130,000 437,940,000 -504,938,000 281,657,000  -1,378,000 -211,219,000 232,446,000 -250,979,000 108,149,000 323,586,000 237,239,000                                             
      decrease in receivables, prepaid expenses and other assets
    		 207,000,000                161,221,000            71,161,000                                             
      decrease in accounts payable and accrued expenses and other liabilities
    		 -241,000,000   134,000,000 -211,000,000  19,879,000 -239,283,000 -73,960,000  61,812,000 -85,881,000 -108,355,000  167,835,000 -30,069,000 -245,522,000    -34,597,000    -33,982,000    -146,221,000                                             
      decrease in compensation and employee benefits payable and accrued bonus and profit sharing
    		 -859,000,000  263,000,000 36,000,000 -824,000,000  142,071,000 32,657,000 -843,509,000   151,407,000 -725,216,000   109,848,000 -469,213,000  265,689,000 -210,671,000 -605,950,000  322,262,000 -32,583,000 -519,719,000  360,035,000 -13,261,000 -483,031,000  263,199,000 3,254,000 -491,251,000  121,784,000 52,860,000 -385,314,000  120,937,000 -6,368,000 -383,965,000  148,505,000 71,447,000 -294,866,000  64,106,000 50,579,000 -268,688,000  52,934,000 -18,746,000 -266,149,000   -58,241,000 -198,356,000   -14,317,000 -69,391,000         56,565,000 -139,303,000   
      decrease in net income taxes receivable/payable
    		 -76,000,000            17,722,000  -41,225,000 41,665,000 41,660,000                                                         
      other operating activities
    		 27,000,000 -123,000,000 -42,000,000 -12,000,000 -44,000,000 -40,333,000 -47,196,000 -28,276,000 -21,195,000 -90,721,000 9,945,000 -45,304,000 -93,270,000 -136,516,000 13,883,000 2,475,000 2,381,000 23,677,000 13,160,000 137,000 -25,610,000  -15,069,000 -19,003,000 -2,721,000  -3,312,000 2,019,000 -8,412,000  -4,987,000 -11,880,000 -3,548,000 876,000 -15,515,000 -3,368,000 -706,000 -8,240,000 -8,913,000 -1,530,000 -2,355,000 -9,777,000 -2,936,000 -172,000 -4,822,000 -7,103,000 -5,656,000 -2,919,000 -2,389,000 -4,174,000 1,515,000 -1,375,000 504,000 4,242,000 -3,666,000 -813,000 95,000 997,000 -159,000 1,002,000 -1,323,000 368,000 230,000     -3,542,000 1,347,000 524,000 600,000 1,193,000 -987,000 
      acquisition of businesses, including net assets acquired and goodwill, net of cash acquired
    		 -303,000,000  -1,000,000 -268,000,000 -783,000,000  -4,672,000 -120,886,000 -44,653,000  -14,754,000 -28,585,000 -16,792,000                                                             
      contributions to unconsolidated subsidiaries
    		 -51,000,000 -26,000,000 -37,000,000 -45,000,000 -28,000,000 -21,593,000 -45,607,000 -30,802,000 -28,998,000 -63,037,000 -101,635,000 -176,105,000 -44,387,000 66,423,000 -155,253,000 -77,322,000 -168,392,000 -74,351,000 -20,890,000 -19,013,000 -32,155,000  -49,461,000 -11,625,000 -23,562,000  -9,984,000 -10,431,000 -10,611,000  -3,999,000 -18,093,000 -14,567,000 -9,521,000 -29,864,000 -16,508,000 -10,923,000 -25,416,000 -18,221,000 -12,730,000 -14,841,000 -19,074,000 -14,663,000 -15,730,000 -9,710,000 -16,663,000 -9,265,000 -16,276,000 -7,390,000 -10,440,000 -6,482,000 -37,163,000 -11,355,000 -29,218,000 -5,151,000 -9,414,000 -7,680,000 -14,864,000 -11,794,000 -4,526,000 -6,326,000             
      proceeds from senior term loans
    		 585,000,000     -714,000                0 0 0 300,000,000 452,745,000 0 0 550,000,000          400,000,000                                   
      repayment of senior term loans
    		 -33,000,000     497,000                 0 0 -300,000,000         -113,125,000 -8,750,000 -8,750,000 -5,625,000  -3,125,000                                   
      proceeds from issuance of senior notes
    		                                                                          
      net increase in cash and cash equivalents and restricted cash
    		 292,000,000         181,798,000 -107,665,000   -336,341,000 619,313,000   392,690,000 332,823,000       236,006,000                                                
      cash and cash equivalents and restricted cash, at beginning of period
    		 1,221,000,000  0 0 1,371,000,000  0 0 1,404,849,000  0 0 2,539,781,000  0 0 2,039,247,000  0 0 1,093,745,000 0 0 0 863,944,000 0 0 0 824,819,000                                             
      cash and cash equivalents and restricted cash, at end of period
    		 1,513,000,000  124,000,000 -94,000,000 1,127,000,000  -4,262,000 37,537,000 1,319,789,000  -107,665,000 -461,913,000 1,792,629,000  619,313,000 255,102,000 2,001,707,000  332,823,000 581,039,000 732,695,000 391,440,000 89,080,000 -74,443,000 687,668,000 236,006,000 24,592,000 -118,467,000 721,813,000                                             
      gain on disposition of real estate assets
    		  -130,000,000 1,000,000 0 -13,000,000 -9,262,000                                                                    
      asset impairments
    		          21,957,000 0 26,405,000 10,351,000     13,505,000 0 0 75,171,000                                                     
      equity loss (income) from unconsolidated subsidiaries
    		  -58,000,000 4,000,000 15,000,000 58,000,000                                                                     
      distribution of earnings from unconsolidated subsidiaries
    		  89,000,000 13,000,000 8,000,000 22,000,000 67,114,000 5,818,000 5,358,000 177,710,000 19,765,000 54,256,000 168,512,000 146,743,000 137,551,000 150,204,000 199,641,000 32,986,000 52,179,000 51,132,000 23,479,000 29,185,000 53,423,000 48,027,000 20,403,000 77,158,000 74,255,000 131,275,000 86,213,000 45,182,000 10,333,000 4,631,000 9,775,000 3,206,000 9,049,000 5,438,000 3,527,000 11,017,000 13,730,000 9,726,000 4,249,000 8,925,000 9,347,000 9,259,000 5,880,000 3,417,000 18,188,000 7,230,000 5,660,000 2,224,000 9,075,000 3,107,000 4,753,000 3,264,000 5,353,000 3,586,000 6,022,000 5,833,000 19,809,000 2,272,000 7,310,000 4,483,000 24,662,000 5,306,000   9,984,000 4,105,000       
      purchase of equity securities
    		  5,000,000 -28,000,000 -17,000,000 -11,000,000 -4,261,000 -2,430,000 -6,172,000 -2,137,000 -12,453,000 -1,848,000 -5,029,000 -8,902,000 -1,873,000 -1,385,000 -1,498,000 -2,398,000 -2,181,000 -2,305,000 -3,068,000 -3,559,000  -11,148,000 -8,104,000 -62,117,000  -24,991,000 -17,820,000 -23,569,000                                             
      proceeds from sale of equity securities
    		  -4,000,000 34,000,000 36,000,000 10,000,000 4,167,000 2,330,000 5,383,000 2,120,000 2,973,000 2,091,000 4,546,000 20,750,000 1,853,000 1,368,000 2,471,000 3,017,000 2,531,000 2,301,000 3,984,000 4,925,000 1,616,000 6,838,000 12,765,000 25,730,000 18,515,000 18,890,000 17,714,000 20,001,000                                             
      increase in real estate under development
    		  0 0 -1,000,000 -5,000,000  36,273,000 -30,599,000 -5,943,000    -41,358,000 68,922,000 -95,686,000 -11,993,000 -15,901,000 -37,441,000                                                        
      increase in receivables, prepaid expenses and other assets
    		  -438,000,000    -632,381,000 -126,545,000 -27,637,000 -73,437,000 -128,006,000 133,991,000 -353,289,000 -156,061,000 -510,798,000 -154,793,000        -185,596,000 -290,128,000 -172,218,000  -168,178,000                                               
      increase in accounts payable and accrued expenses and other liabilities
    		  470,000,000                234,184,000 1,571,000   147,969,000 -4,794,000   188,134,000 76,105,000                                               
      increase in compensation and employee benefits payable and accrued bonus and profit sharing
    		          373,185,000    553,290,000                                        242,014,000    219,008,000                
      increase in net income taxes receivable/payable
    		  149,000,000 -4,000,000 -110,000,000 -43,000,000 67,526,000 -7,200,000 -100,613,000 -56,713,000 -3,730,000 -69,354,000                20,188,000                                               
      acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired
    		              -710,116,000 -13,453,000 -55,194,000 -2,726,000 -1,925,000 -12,000 -14,000 -25,897,000  -12,702,000 0 -2,142,000  -48,858,000             -19,942,000 -75,033,000 -14,516,000 -102,764,000    -27,817,000                           
      distributions from unconsolidated subsidiaries
    		  43,000,000 19,000,000 7,000,000 22,000,000 26,127,000 7,086,000 5,993,000 14,794,000 40,450,000 4,714,000 29,905,000 12,101,000 12,077,000 27,569,000 29,412,000 6,795,000 22,322,000 2,437,000 44,978,000 18,994,000 12,329,000 10,687,000 4,299,000 5,974,000 7,989,000 25,485,000 13,019,000 15,216,000 70,068,000 80,565,000 80,946,000 15,995,000 93,907,000 25,627,000 38,341,000 55,571,000 144,839,000 15,469,000 2,847,000 24,422,000 41,289,000 40,131,000 5,568,000 17,279,000 43,383,000 16,972,000 14,757,000 7,118,000 48,322,000 3,072,000 6,933,000 4,650,000 67,499,000 7,060,000 23,820,000 11,168,000 3,600,000 3,113,000               
      proceeds from disposition of real estate assets
    		  229,000,000 0   21,401,000                                                                    
      acquisition of businesses
    		  -258,000,000 -7,000,000 -8,000,000 -8,000,000 -18,411,000 -58,350,000 -8,205,000 -60,034,000 -2,918,000 -3,094,000 -14,875,000 -13,556,000 -14,348,000 0 -2,909,000 -512,000 -10,300,000 -27,561,000 -609,000 -6,230,000  -7,572,000 -11,332,000 -17,185,000  -3,787,000 -3,134,000 -8,049,000                                             
      units repurchased for payment of taxes on equity awards
    		  0 -8,000,000 0 -97,000,000 -18,143,000 -3,640,000 -4,056,000 -46,161,000 -2,770,000 -321,000 -3,446,000 -31,395,000 -2,117,000 -472,000 -1,392,000 -34,883,000 -2,208,000 -4,269,000 -485,000 -36,873,000  -7,008,000 -379,000 -9,186,000  -23,066,000 -80,000 -4,550,000  -27,649,000 0 -1,900,000                                         
      net decrease in cash and cash equivalents and restricted cash
    		  64,000,000 124,000,000 -94,000,000 -244,000,000  -4,262,000 37,537,000 -85,060,000    -747,152,000    -37,540,000    -361,050,000  89,080,000 -74,443,000 -176,276,000   -118,467,000 -103,006,000                                             
      cash and cash equivalents and restricted cash, at beginning of year
    		                                                                          
      cash and cash equivalents and restricted cash, at end of year
    		                                                                          
      cash paid during the year for:
    		                                                                          
      amortization of financing costs
    		   2,000,000 1,000,000 2,000,000  1,582,000 1,144,000 1,161,000  3,130,000 1,744,000 1,663,000  1,763,000 1,708,000 1,609,000              2,459,000 2,473,000 2,439,000                  2,492,000 2,299,000 2,344,000  1,900,000 1,490,000 1,751,000                 
      net realized and unrealized gains, primarily from investments
    		   -8,000,000            -12,121,000    -7,947,000                                                       
      benefit from doubtful accounts
    		   7,000,000 6,000,000 3,000,000 3,299,000 6,289,000 2,443,000 3,969,000 5,525,000 3,720,000 4,478,000 3,303,000 0 11,700,000 12,058,000 731,000 -5,132,000 19,575,000 20,864,000 9,059,000 2,290,000 6,645,000 9,571,000 1,867,000 2,154,000 5,797,000   602,000 1,864,000   -2,094,000 1,879,000 1,506,000 3,420,000 3,172,000 2,627,000 2,929,000 1,483,000 1,740,000 1,918,000 2,943,000 1,564,000 3,376,000 2,585,000 1,647,000 1,971,000 1,204,000 -1,537,000 5,341,000 1,501,000 2,758,000 166,000 5,390,000 1,440,000 -9,336,000      2,886,000 376,000   570,000 1,146,000 2,127,000 371,000 63,000 -455,000 
      tenant concessions received
    		   8,000,000 6,000,000 7,000,000 4,240,000 1,245,000 5,987,000 528,000 2,465,000 4,890,000 2,136,000 2,114,000 12,531,000 5,771,000 11,296,000 1,578,000 19,413,000 5,233,000 10,092,000 13,292,000 2,882,000 5,436,000 9,467,000 3,464,000 15,554,000 6,716,000 3,496,000 12,634,000 4,598,000 7,303,000 3,660,000 3,776,000 14,880,000 5,328,000 584,000 1,755,000 1,091,000 508,000 1,185,000 5,077,000 2,987,000 9,157,000 4,947,000 1,252,000 3,969,000 1,184,000 4,064,000 5,410,000 7,120,000 7,712,000 4,577,000 3,851,000 7,082,000 26,862,000 11,220,000 587,000 20,000 1,164,000 1,651,000 1,773,000 3,834,000 1,155,000 3,832,000 925,000 3,415,000 2,394,000 1,845,000 1,440,000 471,000 517,000   
      proceeds from notes payable on real estate
    		   39,000,000 10,000,000 2,000,000 15,851,000 59,930,000 171,000 48,000 13,361,000 10,198,000 -3,662,000 19,368,000 7,271,000 22,609,000 24,811,000 23,737,000 50,289,000 17,558,000    1,078,000                                                   
      repayment of notes payable on real estate
    		      -4,352,000    -5,209,000 -5,970,000 -2,590,000 -13,954,000 -95,517,000                                                            
      proceeds from issuance of 5.500% senior notes
    		   0 0 495,000,000                                                                     
      proceeds from issuance of 5.950% senior notes
    		      -253,000 0                                                                   
      non-controlling interest contributions
    		   5,000,000 16,000,000 1,000,000 4,008,000 248,000 1,177,000 567,000 1,134,000 580,000 503,000 210,000 210,000 125,000 455,000 72,000 196,000 549,000 806,000 622,000 99,000 4,536,000 1,203,000 40,774,000 15,797,000 6,814,000 1,149,000 1,595,000 1,891,000 1,469,000 367,000 1,574,000 794,000 657,000 794,000 27,000                                     
      non-controlling interest distributions
    		   -9,000,000   -40,496,000 -106,000 -1,297,000 -101,000 -153,000 -370,000 -157,000 -213,000 -546,000 -649,000 -725,000 -2,652,000 -1,859,000 -1,379,000 -595,000 -497,000  -1,235,000 -1,216,000 -1,347,000  -3,730,000 -6,627,000 -1,025,000  -2,739,000 -3,160,000 -744,000 -6,333,000 -9,283,000 -2,379,000 -1,138,000                                     
      decrease
    		    -134,000,000 244,000,000             -239,049,000 333,993,000 223,269,000 52,796,000                                                     
      net realized and unrealized (gains) losses, primarily from investments
    		     -5,000,000 -2,243,000 -822,000          -2,732,000                                                         
      amortization and write-off of financing costs on extinguished debt
    		                  78,073,000 1,550,000 1,581,000 1,501,000 1,466,000 1,491,000 1,530,000 4,175,000 1,770,000 1,759,000 1,913,000 29,733,000     2,633,000 3,098,000 2,556,000 2,648,000                                     
      gain associated with remeasuring our investment in a previously unconsolidated subsidiary to fair value as of the date we acquired the remaining interest
    		                                                                          
      equity income from unconsolidated subsidiaries
    		      -127,183,000 13,364,000 7,501,000 -141,682,000 167,013,000 -233,972,000 -119,168,000 -42,871,000 -159,162,000 -163,809,000 -212,132,000 -83,594,000 -53,674,000 -32,376,000 -19,480,000 -20,631,000  -25,796,000 -21,773,000 -72,664,000  -126,840,000 -96,021,000 -40,179,000  -67,834,000 -75,384,000 -15,018,000 -80,449,000 -24,672,000 -34,929,000 -57,301,000 -123,463,000 -17,242,000 -6,693,000 -15,451,000 -34,150,000 -43,300,000 -9,264,000 -15,000,000 -34,782,000 -13,347,000 -6,544,000 -9,749,000 -40,859,000 -2,875,000 -2,609,000 -14,386,000  -6,714,000      6,584,000         -14,779,000 -3,241,000 -9,355,000  
      gain recognized upon deconsolidation of spac
    		                                                                          
      decrease (increase) in real estate under development
    		          35,483,000 -15,011,000         -7,041,000 7,742,000                                                     
      investment in vts
    		          -288,000                                                                
      investment in altus power, inc. class a stock
    		                                                                          
      proceeds from sale of marketable securities - special purpose acquisition company trust account
    		                                                                          
      proceeds from issuance of 2.500% senior notes
    		              0 0 0 492,255,000                                                         
      redemption of non-controlling interest-special purpose acquisition company and payment of deferred underwriting commission
    		                                                                          
      non-controlling interest as part of turner & townsend acquisition
    		                                                                          
      investment in alignment shares and private placement warrants of altus power, inc.
    		                                                                          
      reduction in redeemable non-controlling interest - special purpose acquisition company
    		                                                                          
      reduction of trust account - special purpose acquisition company
    		                                                                          
      net realized and unrealized losses, primarily from investments
    		         319,000                                                                 
      net realized and unrealized losses (gains), primarily from investments
    		          1,436,000 1,795,000 10,561,000 16,690,000        193,000                                                     
      purchase of marketable securities - special purpose acquisition company trust account
    		                                                                          
      repayment of 5.25% senior notes
    		                                                                          
      sale of non-controlling interest - special purpose acquisition company
    		                                                                          
      deferred purchase consideration - turner & townsend
    		                                                                          
      decrease in warehouse lines of credit
    		           158,565,000 -154,176,000 -105,326,000                                                             
      net proceeds from revolving credit facility
    		           -27,000,000                                                               
      decrease (increase) in net income taxes receivable/payable
    		                  54,912,000 -6,625,000 16,752,000 108,609,000                                                     
      repayment of debt assumed in acquisition of telford homes
    		                                                                          
      income tax payments (refunds)
    		                92,648,000 38,508,000                                     45,040,000 49,133,000 41,614,000 54,130,000                 
      net compensation expense (reversal) for equity awards
    		                 35,786,000                                                         
      gain associated with remeasuring our investment in a joint venture entity to fair value at the date we acquired the remaining interest
    		                                                                          
      repayment of 5.00% senior notes
    		                           0 0 -820,000,000                                             
      repayment of debt assumed in acquisition of facilitysource
    		                           0                                               
      establishment of trust account for special purpose acquisition company
    		                                                                          
      repayments of notes payable on real estate
    		                                                                          
      increase in advance warehouse funding
    		                                                                          
      income tax (refunds) payments
    		                    2,068,000 -55,897,000                                                     
      net compensation (reversal) expense for equity awards
    		                     -1,239,000                                                     
      intangible asset impairment
    		                      750,000 0 0 89,037,000                                                 
      net realized and unrealized (gains) losses from investments
    		                        -4,369,000 -20,853,000         3,765,000                                        
      compensation expense for equity awards
    		                      28,780,000 33,378,000 36,309,000 29,271,000 31,136,000 35,360,000 32,105,000 29,570,000 24,112,000 20,692,000 32,872,000 15,411,000 20,138,000                                        
      purchase of available for sale debt securities
    		                       -1,407,000    -2,137,000 -6,657,000 -12,066,000                                             
      proceeds from the sale of available for sale debt securities
    		                      2,279,000 926,000 863,000 603,000 360,000 1,311,000                                               
      gains on disposition of real estate held for investment
    		                           0                                               
      net realized and unrealized gains from investments
    		                               -1,768,000         1,069,000 -1,087,000 -600,000 528,000 -6,364,000 -4,801,000 -4,171,000 -5,125,000 -1,533,000 -2,694,000   2,104,000 -6,588,000                     
      decrease in income taxes payable
    		                                                                          
      net proceeds from disposition of real estate held for investment
    		                          0 0       0    0    0 9,095,000   2,423,000 1,629,000 74,822,000 34,367,000 28,605,000    116,164,000 5,847,000 42,919,000 66,748,000 0 19,255,000               
      increase in income taxes receivable/payable
    		                        -85,916,000 -11,344,000    4,668,000  36,753,000   60,255,000 -13,494,000 -18,936,000 -34,159,000  9,541,000   56,678,000 -27,741,000 -12,787,000 -59,344,000  34,454,000 -8,715,000 -31,567,000 53,797,000 -18,999,000 -16,732,000 -45,795,000                     
      payment of financing costs
    		                         -3,374,000         -17,000 -72,000 -742,000 -4,787,000 -534,000 -7,905,000 -1,042,000 -21,183,000 -2,798,000 -3,045,000 -95,000 -9,000 0 -532,000 -2,774,000 -26,016,000 -160,000 -144,000 -20,000 -35,000 -2,588,000 -3,696,000 -4,282,000 -14,172,000 -28,364,000 -359,000 -1,350,000 -4,357,000             
      net realized and unrealized losses (gains) from investments
    		                            -4,009,000 4,280,000         -1,118,000                                    
      proceeds from securities sold, not yet purchased
    		                                              3,927,000 7,997,000 12,515,000 28,033,000 24,470,000 40,616,000 55,784,000 30,275,000 89,389,000                    
      securities purchased to cover short sales
    		                                              -12,267,000 -6,352,000 -45,180,000 -46,789,000 -16,586,000 -61,446,000 -45,441,000 -27,809,000 -99,092,000                    
      increase in real estate held for sale and under development
    		                                      -4,461,000 -8,125,000 -1,668,000 -1,749,000    -1,521,000     7,878,000 741,000 -6,840,000 -2,538,000       -6,756,000 -4,112,000             
      proceeds from notes payable on real estate held for investment
    		                           31,000 3,000 49,000 58,000    0        0 1,447,000   289,000 832,000 1,392,000 249,000 0 137,000 1,264,000 3,251,000 4,603,000 2,146,000 2,342,000 1,209,000 1,650,000 10,240,000 4,801,000 3,940,000 20,201,000 43,634,000           
      repayment of notes payable on real estate held for investment
    		                           0 -12,566,000 -462,000    -435,000 -428,000    -403,000 -397,000 -391,000 -385,000 -322,000 -4,251,000 -22,084,000 -906,000 -964,000 -1,211,000 -48,411,000 -23,958,000 -17,423,000 -26,886,000 -8,011,000 -1,716,000 -87,672,000 -7,493,000 -38,234,000 -53,237,000 -2,351,000 -31,062,000 -38,351,000 -10,142,000             
      proceeds from notes payable on real estate held for sale and under development
    		                           2,055,000 326,000 775,000 855,000 1,204,000 426,000 1,711,000 2,617,000 1,795,000 888,000 12,427,000 8,295,000 8,180,000 3,658,000 746,000 3,390,000 -1,000 2,827,000 2,058,000 3,511,000 2,534,000 1,922,000 1,559,000 7,565,000 8,565,000 4,939,000 1,207,000 3,770,000 3,019,000 1,116,000 549,000 68,000 389,000 1,416,000 1,798,000             
      repayment of notes payable on real estate held for sale and under development
    		                           0    -1,588,000 -6,445,000 -2,744,000 0 0 0 -4,102,000     -35,259,000 -11,975,000   -23,700,000 -275,000 -49,003,000 -63,550,000 -13,720,000 -6,231,000 -833,000 -561,000 -52,677,000 0 -20,504,000 -6,090,000 -4,388,000 -6,541,000 -2,775,000 -637,000             
      decrease in real estate held for sale and under development
    		                               997,000            11,979,000           59,229,000         2,139,000           
      benefit from (recovery of) doubtful accounts
    		                             5,601,000                               8,857,000 3,564,000  1,645,000           
      proceeds from sale of available for sale debt securities
    		                             2,264,000                                             
      gain on disposition of real estate held for investment
    		                                  0    0 -2,085,000   0 -4,977,000   -1,506,000 -690,000 -1,023,000 -15,479,000 856,000    -21,422,000 -688,000 -6,601,000 -13,094,000 -4,303,000 -5,066,000               
      purchase of trading securities
    		                               -18,288,000 -20,539,000 -22,986,000 -11,629,000 -18,151,000 -37,170,000 -20,815,000 -21,265,000 -21,789,000 -22,131,000 -20,522,000 -20,048,000 -15,245,000 -19,919,000 -15,809,000 -18,079,000 -52,291,000 -35,045,000 -31,896,000 -30,926,000 -50,788,000 -36,785,000 -84,627,000 -81,470,000                    
      proceeds from sale of trading securities
    		                              15,296,000 18,775,000 19,206,000 15,270,000 21,632,000 21,737,000 39,809,000 22,688,000 20,897,000 22,305,000 16,163,000 19,433,000 26,407,000 15,044,000 17,060,000 15,726,000 33,351,000 15,127,000 96,452,000 46,191,000 30,191,000 34,617,000 80,613,000 44,799,000 62,863,000        0 320,047,000           
      increase in receivables
    		                                      -228,957,000    -169,042,000 -14,979,000       -140,441,000    -87,859,000    -128,861,000                
      increase in prepaid expenses and other assets
    		                               5,903,000 -38,412,000 -50,164,000 8,724,000 -27,244,000 -44,941,000 -29,731,000 -13,235,000 -28,644,000 -7,166,000 -35,952,000 -21,254,000 -3,920,000 3,368,000 -25,209,000 -21,764,000 -3,863,000   -13,257,000 1,991,000 -7,383,000 -3,448,000 2,323,000 -11,038,000               -2,809,000 -4,726,000   
      decrease (increase) in real estate held for sale and under development
    		                                              37,590,000 -3,133,000 57,786,000 75,890,000       28,161,000 4,364,000                 
      increase in accounts payable and accrued expenses
    		                                  127,706,000    173,077,000       -70,779,000    23,834,000     -30,379,000    41,036,000          62,479,000      
      decrease (increase) in income taxes receivable/payable
    		                                 13,193,000        444,000                                 
      increase in other liabilities
    		                              625,000 8,229,000 809,000 -7,876,000 -12,038,000 -12,315,000 12,927,000 8,195,000 -2,743,000 -7,829,000   168,000 -10,399,000   19,060,000 -17,421,000   -834,000 2,828,000 9,752,000 -4,031,000  5,456,000 -3,974,000 4,374,000       -17,285,000 -9,661,000 17,385,000 12,983,000   -1,240,000 -14,942,000 -2,285,000 -1,954,000 
      acquisition of global workplace solutions (gws), including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                  0    0                                    
      acquisition of businesses (other than gws), including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                  -9,568,000 -5,497,000   -57,966,000                                    
      decrease (increase) in restricted cash
    		                                     9,771,000                          123,989,000           
      purchase of available for sale securities
    		                               -9,674,000 -12,445,000 -7,289,000 -6,248,000 -7,429,000 -16,268,000 -7,716,000 -8,368,000 -8,466,000 -11,575,000 -11,878,000 -20,901,000 -27,518,000 -28,806,000 -12,660,000 -11,724,000 -9,311,000 -9,884,000 -34,192,000                         
      proceeds from the sale of available for sale securities
    		                              5,759,000 8,341,000 10,057,000 7,220,000 5,491,000 7,499,000 12,092,000 9,969,000 9,509,000 8,500,000 8,709,000 15,854,000 26,857,000 26,301,000 24,057,000 10,999,000 16,969,000 9,133,000 24,319,000 19,267,000                         
      proceeds from issuance of 4.875% senior notes
    		                                      0                                    
      shares and units repurchased for payment of taxes on equity awards
    		                                                                          
      effect of currency exchange rate changes on cash and cash equivalents
    		                              119,000 6,397,000 1,838,000 15,490,000 -20,652,000 180,000 -4,434,000 3,846,000 -1,806,000 -10,196,000 3,773,000 -14,738,000 -16,500,000 -17,896,000 3,754,000 1,459,000 -3,284,000 5,580,000 -5,917,000 -7,597,000 -907,000 5,038,000 -7,321,000 6,584,000 -4,597,000 -15,657,000 5,777,000 8,796,000 -915,000 9,955,000 -4,604,000 -9,281,000 402,000 1,604,000 3,015,000          
      net increase in cash and cash equivalents
    		                                      100,046,000    125,526,000        313,037,000 45,058,000   430,588,000 -89,515,000   -262,101,000 25,112,000 63,268,000 -61,262,000 91,820,000 101,872,000     167,320,000 91,285,000   105,785,000 -32,213,000 
      cash and cash equivalents, at beginning of period
    		                              0 0 0 762,576,000 0 0 0 540,403,000 0 0 0 740,884,000 0 0 0 491,912,000 0 0 0 1,089,297,000 0 0 0 1,093,182,000 0 0 0 506,574,000 0 0 0 741,557,000 0 244,476,000 0 0 0 449,289,000 0 0 0 256,896,000 0 0 
      cash and cash equivalents, at end of period
    		                              -203,831,000 419,924,000 2,400,000 533,281,000 316,230,000 14,578,000 -57,461,000 489,229,000 100,046,000 103,935,000 -42,606,000 379,028,000 125,526,000 233,492,000 -46,371,000 428,237,000 -10,709,000 17,126,000 -33,205,000 518,700,000 313,037,000 45,058,000 27,265,000 703,937,000 430,588,000 -89,515,000 324,464,000 427,645,000 -262,101,000 25,112,000 63,268,000 680,295,000 91,820,000 346,348,000 106,203,000 10,984,000 -125,800,000 253,089,000 164,718,000 92,354,000 34,433,000 157,784,000 108,971,000 -31,667,000 
      decrease in accounts payable and accrued expenses
    		                               50,153,000 78,202,000 -133,231,000   36,617,000 -148,316,000   37,028,000 -46,795,000  18,396,000    -29,624,000    -535,000 4,036,000 -51,491,000   -9,549,000 -25,406,000   -2,747,000 -20,990,000         -12,000,000 -16,496,000   
      acquisition of businesses (other than global workplace solutions (gws)), including net assets acquired, intangibles and goodwill, net of cash acquired
    		                               -18,942,000                                           
      acquisition of gws, including net assets acquired, intangibles and goodwill
    		                                                                          
      increase in restricted cash
    		                               -7,998,000   -929,000 -1,145,000   -7,148,000 -3,186,000 -7,320,000 -31,358,000             326,648,000                    
      decrease in receivables
    		                                -85,244,000 146,191,000   -73,816,000 145,976,000    155,574,000    78,169,000   -33,727,000 45,943,000   -35,300,000 52,310,000   -84,871,000 89,002,000   -38,637,000 43,598,000  113,225,000   -40,158,000 59,341,000  -32,441,000 -32,898,000 93,554,000  21,300,000 
      net decrease in cash and cash equivalents
    		                                2,400,000 -229,295,000  14,578,000 -57,461,000 -51,174,000   -42,606,000 -361,856,000   -46,371,000 -63,675,000  17,126,000 -33,205,000 -570,597,000    -389,245,000    -78,929,000              -97,935,000   
      gain on sale of loans, servicing rights and other assets
    		                                 -37,939,000 -66,587,000 -61,371,000 -44,394,000 -29,010,000 -35,650,000 -31,043,000 -35,721,000 -38,414,000 -35,337,000 -27,022,000 -15,874,000 -17,403,000 -27,793,000 -15,197,000 -26,508,000 -24,115,000 -40,644,000 -28,193,000 -24,838,000 -18,938,000 -23,536,000 -25,476,000 -13,622,000 -11,815,000 -18,073,000 -27,439,000 -12,996,000 -7,347,000             
      net realized and unrealized gain from investments
    		                                 -4,115,000   -3,882,000 -3,215,000                                     
      (recovery of) benefit from doubtful accounts
    		                                 -928,000                                         
      acquisition of businesses (other than global workplace solutions (gws)), including net assets acquired, intangibles and goodwill
    		                                 -21,204,000                                         
      proceeds from the sale of servicing rights and other assets
    		                                 11,365,000 16,372,000 12,088,000 9,468,000 5,603,000 8,998,000 8,819,000 7,674,000 4,941,000 7,372,000 5,349,000 3,504,000 9,316,000 5,790,000 7,336,000 11,727,000 7,163,000 16,276,000 10,440,000 7,481,000 6,009,000 10,077,000 5,542,000 6,209,000 5,207,000 6,422,000 12,781,000 6,395,000 3,346,000 15,717,000 3,134,000      374,000     
      decrease in restricted cash
    		                                 10,463,000          -9,770,000 4,590,000 9,611,000  11,958,000 7,494,000 2,682,000   -3,936,000 6,845,000   -2,010,000 5,984,000    8,088,000       895,000 -230,000     
      write-down of impaired assets
    		                                                                          
      incremental tax benefit from stock options exercised
    		                                      -7,000 -1,192,000 -546,000 -532,000 -415,000 1,355,000 -919,000 -1,239,000 -555,000 -1,411,000 -24,000 -7,901,000 -2,763,000 694,000 -822,000 -39,000 330,000 -771,000 -4,008,000 -10,487,000     5,972,000 9,139,000 -49,124,000          
      additions to real estate held for investment
    		                                      -280,000 -362,000 -741,000 -670,000 -5,918,000 101,000   -147,000 -612,000 -1,397,000 -403,000 -398,000 -3,221,000 -1,391,000 -1,171,000 -8,019,000 -1,139,000 -4,827,000 -1,488,000 6,310,000 -17,649,000 -983,000 -4,229,000             
      proceeds from issuance of 5.25% senior notes
    		                                          126,875,000                                
      repayment of 6.625% senior notes
    		                                                                          
      proceeds from exercise of stock options
    		                                  0 101,000   770,000 3,541,000   1,737,000 2,257,000   856,000 938,000   3,923,000 13,264,000   77,000 2,201,000   1,823,000 266,000   3,863,000 4,297,000 7,996,000 3,132,000 1,171,000 3,273,000 4,866,000   2,075,000 1,652,000  
      decrease (increase) in receivables
    		                                                                          
      (repayment of) proceeds from short-term borrowings and other loans
    		                                   -36,000                                       
      shares repurchased for payment of taxes on equity awards
    		                                   -22,684,000 -860,000 -4,252,000 -6,000 -19,404,000 -21,000 -5,092,000                                 
      compensation expense related to equity awards
    		                                    15,960,000 12,594,000 26,590,000 18,987,000 13,191,000 15,941,000                                 
      acquisition of global workplace solutions (gws), including net assets acquired, intangibles and goodwill
    		                                    0 -21,900,000                                     
      acquisition of businesses (other than gws), including net assets acquired, intangibles and goodwill
    		                                     -3,298,000                                     
      amortization of debt discount
    		                                                                          
      non-amortizable intangible asset impairment
    		                                                  0                        
      write-down of impaired other assets
    		                                                                          
      proceeds from senior secured term loans
    		                                         500,000,000     0 0 300,000,000 415,000,000     300,739,000 400,000,000                   
      repayment of senior secured term loans
    		                                         -645,613,000 -9,912,000 -9,913,000 -9,912,000 -9,913,000 -9,912,000 -9,913,000 -9,912,000 -1,609,280,000 -17,114,000 -17,066,000 -16,903,000 -17,063,000 -17,003,000 -11,500,000 -9,500,000 -9,500,000 -1,478,230,000 -154,110,000 -5,954,000 -54,816,000             
      proceeds from issuance of 5.00% senior notes
    		                                              0 0 0 800,000,000                         
      repayment of 11.625% senior subordinated notes
    		                                              0 0                           
      non-controlling interests contributions
    		                                      1,218,000 286,000 213,000 4,192,000 1,523,000 841,000 455,000 119,000 630,000 209,000 188,000 65,000 119,000 47,000 723,000 15,186,000 831,000 770,000 8,422,000 208,000 1,805,000 5,264,000 19,123,000 2,980,000             
      non-controlling interests distributions
    		                                      -2,987,000 -2,958,000 -9,889,000 -748,000 -1,973,000 -7,878,000 -22,096,000 -2,024,000 -43,250,000 -10,375,000 -37,106,000 -37,437,000 -18,951,000 -5,131,000 -9,963,000 -14,117,000 -39,102,000 -59,905,000 -16,491,000 -14,188,000 -4,681,000 229,000 -6,399,000 -555,000             
      amortization and write-off of financing costs
    		                                       2,439,000 2,317,000 4,947,000 1,983,000 7,527,000 1,829,000 1,816,000 1,849,000   15,609,000         20,708,000 2,980,000 2,508,000 2,817,000             
      proceeds from short-term borrowings
    		                                       15,293,000    -1,993,000    -10,019,000                           
      decrease in other liabilities
    		                                         -7,836,000    -5,433,000    -4,707,000                         
      write-down of impaired real estate and other assets
    		                                                      2,712,000    24,555,000                
      compensation expense related to stock options and non-vested stock awards
    		                                          15,627,000 19,659,000 13,300,000 11,171,000 10,887,000 15,243,000 10,628,000 11,671,000 13,845,000 15,261,000 10,967,000 11,639,000 11,461,000 11,574,000 10,673,000 10,619,000 11,448,000 13,335,000 11,231,000 10,787,000             
      decrease in cash due to deconsolidation of cbre clarion u.s., l.p.
    		                                                  0 0 0 -73,187,000                     
      shares repurchased for payment of taxes on stock awards
    		                                          -29,000                                
      amortization and write-off of debt discount
    		                                               0                           
      acquisition of businesses, including net assets acquired, intangibles and goodwill
    		                                             -14,704,000    -6,725,000          -5,900,000               
      acquisition of clarion real estate securities and substantially all of the ing group n.v. operations in europe and asia (collectively the reim acquisitions), including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                                                          
      acquisition of businesses (other than the reim acquisitions), including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                                                          
      stock and stock units repurchased for payment of taxes on stock awards
    		                                                                          
      decrease (increase) in prepaid expenses and other assets
    		                                                 920,000             2,817,000 1,504,000         6,687,000 520,000 
      proceeds from 6.625% senior notes
    		                                                                          
      repayment of short-term borrowings and other loans
    		                                                          -2,000,000 -1,000               
      cash paid (received) during the period for:
    		                                                                          
      write-down of impaired real estate
    		                                                                          
      acquisition of clarion real estate securities, including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                                                          
      acquisition of businesses (other than clarion real estate securities), including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                                                          
      net realized income from investments
    		                                                                          
      net change in unrealized gains from investments
    		                                                                          
      gain on interest rate swaps
    		                                                                          
      decrease in deferred compensation assets
    		                                                                          
      decrease in income taxes payable/receivable
    		                                                                          
      increase in other liabilities, including deferred compensation liabilities
    		                                                             274,000             
      proceeds from 11.625% senior subordinated notes
    		                                                                          
      proceeds from issuance of common stock
    		                                                                        0  
      net realized gain from investments
    		                                                                          
      net change in unrealized gains/losses from investments
    		                                                                          
      increase in income taxes receivable
    		                                                       -2,204,000 3,426,000 -31,671,000                 
      decrease in prepaid expenses and other assets
    		                                                         6,106,000  18,209,000 -10,098,000 14,450,000             
      acquisition of businesses including net assets acquired, intangibles and goodwill
    		                                                         -244,000    -3,765,000             
      proceeds from short-term borrowings and other loans
    		                                                                          
      goodwill and other non-amortizable intangible asset impairment
    		                                                                          
      write-down of impaired available for sale securities
    		                                                                          
      deferred compensation deferrals
    		                                                              8,256,000 13,787,000 16,077,000 10,398,000 7,196,000 7,364,000 9,773,000 7,445,000 3,994,000 7,413,000 11,293,000 4,052,000 
      decrease (increase) in income taxes receivable
    		                                                                          
      decrease in income taxes receivable
    		                                                           -10,207,000               
      decrease in other liabilities, including deferred compensation liabilities
    		                                                           -1,056,000               
      income tax refunds
    		                                                           50,239,000 -71,953,000 -5,094,000             
      increase in income taxes payable
    		                                                             11,816,000             
      proceeds from (repayment of) short-term borrowings and other loans
    		                                                             7,498,000             
      amortization and write-off of deferred financing costs
    		                                                                4,096,000 500,000 12,640,000 1,211,000 1,211,000 1,316,000 1,499,000 1,888,000 1,259,000 6,561,000 
      amortization of long-term debt discount
    		                                                                          
      gain on sale of servicing rights and other assets
    		                                                                          
      (gain) loss on interest rate swaps
    		                                                                          
      loss on trading securities
    		                                                              0 33,654,000           
      in-kind distributions from unconsolidated subsidiaries
    		                                                                          
      compensation expense and merger-related expense related to stock options and non-vested stock awards
    		                                                                          
      decrease (increase) in deferred compensation assets
    		                                                                          
      acquisition of businesses (other than trammell crow company) including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                                                          
      cash paid for acquisition of trammell crow company, net of cash acquired
    		                                                                          
      proceeds from sale of servicing rights and other assets
    		                                                                        1,096,000  
      repayment of 9 3/4% senior notes
    		                                                                        0  
      amortization and write-off of long-term debt discount
    		                                                                0 0 1,593,000 55,000 54,000 101,000 182,000 352,000 60,000 2,575,000 
      gain on trading securities
    		                                                                          
      loss on interest rate swaps
    		                                                              0 3,880,000           
      minority interest income
    		                                                                          
      compensation expense and merger-related expense related to stock options and stock awards
    		                                                              5,342,000 17,251,000           
      repayment of 11 1/4% senior subordinated notes
    		                                                                        0  
      repayment of trammell crow company’s revolving credit facility
    		                                                                          
      minority interest contributions
    		                                                                          
      minority interest distributions
    		                                                                          
      payment of deferred financing fees
    		                                                                        -741,000  
      income taxes, net of refunds
    		                                                              49,935,000 38,887,000 71,727,000 21,863,000 56,526,000 68,819,000 19,593,000 18,539,000 8,636,000 10,049,000 6,453,000 4,777,000 
      minority interest expense
    		                                                              -165,000 2,900,000 4,888,000 -577,000 1,580,000 229,000       
      increase in deferred compensation assets
    		                                                                      -21,904,000 -8,513,000 -23,117,000  
      increase in notes payable on real estate held for sale and under development
    		                                                              39,617,000 3,352,000           
      cash paid for acquisition of trammell crow company
    		                                                                          
      contributions to investments in unconsolidated subsidiaries
    		                                                                          
      repayment of 11¼% senior subordinated notes
    		                                                                      -11,795,000 -26,405,000   
      repayment of 9¾% senior notes
    		                                                                          
      amortization of deferred financing costs
    		                                                               1,794,000           
      (contributions to) distributions from investments in unconsolidated subsidiaries
    		                                                                          
      minority interest (distributions) contributions
    		                                                                          
      write-off of impaired investments
    		                                                                        2,144,000  
      gain on sale of servicing rights, property held for sale and other assets
    		                                                                       -329,000 -2,185,000  
      compensation expense for stock options and non-vested awards
    		                                                                          
      decrease in notes payable on real estate held for sale and under development
    		                                                                          
      proceeds from sale of property held for sale
    		                                                                    36,539,000    0  
      investment in property held for sale
    		                                                                          
      contributions to investments in unconsolidated subsidiaries, net of capital distributions
    		                                                                          
      repayment of senior secured term loan
    		                                                                      -2,950,000 -2,950,000   
      proceeds from debt related to property held for sale
    		                                                                    0 31,149,000     
      repayment of debt related to property held for sale
    		                                                                          
      repayment of 16% senior notes
    		                                                                        0  
      minority interest contributions (distributions)
    		                                                                1,318,000 1,465,000         
      distributions of earnings from unconsolidated subsidiaries
    		                                                                     4,333,000     
      compensation expense for stock options and non-vested stock awards
    		                                                                 2,814,000 2,579,000 2,263,000       
      increase in income tax payable
    		                                                                     9,861,000 11,867,000 5,197,000   
      acquisition of businesses including net assets acquired, intangibles and goodwill, net of cash acquired
    		                                                                      -3,331,000 -41,000 -8,358,000  
      investment in properties held for sale
    		                                                                          
      contributions to unconsolidated subsidiaries, net of capital distributions
    		                                                                          
      repayment of 111¤4% senior subordinated notes
    		                                                                          
      proceeds from debt related to properties held for sale
    		                                                                          
      repayment of euro cash pool loan and other loans
    		                                                                      -1,209,000 -306,000   
      repayment of other short-term borrowings
    		                                                                          
      incremental tax benefits from stock options exercised
    		                                                                  2,198,000 6,284,000       
      effect of currency exchange rate changes on cash
    		                                                                  4,033,000 585,000   -1,772,000 -1,177,000 3,186,000  
      capital distributions from (contributions to) investments in unconsolidated subsidiaries
    		                                                                   3,954,000       
      proceeds from (repayment of) euro cash pool loan and other loans
    		                                                                   1,281,000       
      compensation expense for stock options
    		                                                                          
      increase in net income taxes payable
    		                                                                          
      proceeds from revolver and swingline credit facility
    		                                                                        0 0 
      repayment of revolver and swingline credit facility
    		                                                                        0  
      repayment of notes payable
    		                                                                          
      (repayment of) proceeds from other loans
    		                                                                          
      proceeds from 9 3/4% senior notes
    		                                                                          
      interest, net of amount capitalized
    		                                                                      20,603,000 7,755,000 21,908,000 12,406,000 
      investment in and advances to unconsolidated subsidiaries
    		                                                                       -5,371,000   
      decrease (increase) in net income taxes receivable
    		                                                                          
      repayment of non-recourse debt related to property held for sale
    		                                                                        92,000  
      (repayment of) proceeds from euro cash pool loan and other loans
    		                                                                        -6,872,000  
      deferred income tax benefit
    		                                                                          
      decrease in income tax payable
    		                                                                          
      capital expenditures, net of concessions received
    		                                                                          
      proceeds from senior secured term loan
    		                                                                          
      decease in accounts payable and accrued expenses
    		                                                                          
      repayment of 11¼% senior notes
    		                                                                          
      proceeds from issuance of common stock, initial public offering
    		                                                                          
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.