LPL Financial Holdings Inc(NASDAQ:LPLA) 
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annui...
Website: http://www.lpl.com
Founded: 1989
Full Time Employees: 4,504
Sector: Financial Services
Industry: Capital Markets
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 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 | 2007-12-31 | 2007-06-30 |
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revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisory | 2,615,047,000 | 2,210,499,000 | 1,717,738,000 | 1,689,245,000 | 1,595,834,000 | 1,378,050,000 | 1,288,163,000 | 1,199,811,000 | 1,085,497,000 | 1,081,562,000 | 1,014,565,000 | 954,057,000 | 902,440,000 | 923,766,000 | 1,001,851,000 | 1,047,097,000 | 997,338,000 | 959,733,000 | 846,313,000 | 722,046,000 | 638,181,000 | 586,941,000 | 523,370,000 | 579,027,000 | 533,259,000 | 514,363,000 | 481,309,000 | 453,938,000 | 474,102,000 | 458,087,000 | 438,917,000 | 422,387,000 | 375,928,000 | 356,945,000 | 346,515,000 | 329,859,000 | 325,383,000 | 321,911,000 | 322,955,000 | 319,432,000 | 324,241,000 | 341,217,000 | 344,884,000 | 342,112,000 | 339,943,000 | 340,369,000 | 330,394,000 | 327,253,000 | 308,931,000 | 299,101,000 | 298,094,000 | 281,226,000 | |||||||||||||
commission: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales-based | 705,415,000 | 695,029,000 | 619,792,000 | 610,038,000 | 525,795,000 | 429,132,000 | 423,070,000 | 385,235,000 | 355,958,000 | 311,792,000 | 298,961,000 | 286,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
trailing | 486,619,000 | 492,426,000 | 418,295,000 | 437,719,000 | 439,668,000 | 377,400,000 | 363,976,000 | 361,211,000 | 326,454,000 | 331,808,000 | 323,925,000 | 317,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total commission | 1,192,034,000 | 1,187,455,000 | 1,038,087,000 | 1,047,757,000 | 965,463,000 | 806,532,000 | 787,046,000 | 746,446,000 | 682,412,000 | 643,600,000 | 622,886,000 | 603,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-based: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
client cash | 445,325,000 | 428,190,000 | 397,332,000 | 392,031,000 | 378,816,000 | 353,855,000 | 341,475,000 | 352,382,000 | 352,661,000 | 360,518,000 | 378,415,000 | 418,275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other asset-based | 375,480,000 | 354,090,000 | 305,015,000 | 303,210,000 | 290,962,000 | 272,336,000 | 259,533,000 | 248,339,000 | 228,473,000 | 224,614,000 | 211,300,000 | 203,473,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total asset-based | 820,805,000 | 782,280,000 | 702,347,000 | 695,241,000 | 669,778,000 | 626,191,000 | 601,008,000 | 600,721,000 | 581,134,000 | 585,132,000 | 589,715,000 | 621,748,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
service and fee | 210,984,000 | 174,715,000 | 151,839,000 | 145,199,000 | 139,119,000 | 145,729,000 | 135,000,000 | 132,172,000 | 130,680,000 | 135,648,000 | 123,122,000 | 118,987,000 | 120,022,000 | 121,745,000 | 112,802,000 | 112,812,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
transaction | 80,542,000 | 67,260,000 | 60,541,000 | 67,864,000 | 61,535,000 | 58,546,000 | 58,935,000 | 57,258,000 | 53,858,000 | 50,210,000 | 46,936,000 | 48,935,000 | 46,790,000 | 43,328,000 | 44,416,000 | 46,726,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 45,180,000 | 60,859,000 | 76,941,000 | 43,851,000 | 46,680,000 | 49,923,000 | 47,478,000 | 43,525,000 | 43,312,000 | 40,773,000 | 37,972,000 | 37,358,000 | 37,168,000 | 22,092,000 | 10,121,000 | 7,745,000 | 7,780,000 | 7,365,000 | 6,914,000 | 6,518,000 | |||||||||||||||||||||||||||||||||||||||||||||
other | -26,158,000 | 68,909,000 | 87,532,000 | -19,150,000 | 33,942,000 | 43,423,000 | 14,139,000 | 52,660,000 | 66,936,000 | -14,542,000 | 33,608,000 | 33,022,000 | 33,472,000 | -22,116,000 | -67,276,000 | -30,613,000 | 24,506,000 | 1,218,000 | 30,078,000 | 16,174,000 | 45,232,000 | 20,796,000 | 42,751,000 | -51,218,000 | 19,534,000 | 1,276,000 | 10,737,000 | 25,218,000 | -23,702,000 | 7,687,000 | 6,611,000 | 593,000 | 11,177,000 | 10,038,000 | 9,496,000 | 13,226,000 | 6,541,000 | 11,767,000 | 5,612,000 | 4,875,000 | 7,492,000 | -1,478,000 | 8,028,000 | 16,886,000 | 15,629,000 | 7,793,000 | 12,205,000 | 16,184,000 | 22,563,000 | 20,937,000 | 11,865,000 | 10,446,000 | 9,786,000 | 8,382,000 | 5,930,000 | 10,616,000 | 7,342,000 | 3,482,000 | 5,456,000 | 9,191,000 | 6,796,000 | 5,400,000 | 4,372,000 | 17,221,000 | |
total revenue | 4,938,434,000 | 4,551,977,000 | 3,835,025,000 | 3,670,007,000 | 3,512,351,000 | 3,108,394,000 | 2,931,769,000 | 2,832,593,000 | 2,643,829,000 | 2,522,383,000 | 2,468,804,000 | 2,417,832,000 | 2,333,187,000 | 2,163,058,000 | 2,038,887,000 | 2,065,693,000 | 2,094,192,000 | 2,020,763,000 | |||||||||||||||||||||||||||||||||||||||||||||||
expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisory and commission | 3,291,209,000 | 3,025,274,000 | 2,483,165,000 | 2,353,925,000 | 2,250,427,000 | 1,948,065,000 | 1,819,027,000 | 1,733,487,000 | 1,607,978,000 | 1,488,432,000 | 1,448,763,000 | 1,370,634,000 | 1,341,743,000 | 1,304,528,000 | 1,304,422,000 | 1,374,134,000 | 1,431,157,000 | 1,366,832,000 | 1,273,202,000 | 1,108,899,000 | |||||||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 368,740,000 | 585,409,000 | 319,100,000 | 305,546,000 | 321,933,000 | 266,415,000 | 274,000,000 | 274,369,000 | 270,709,000 | 243,759,000 | 231,680,000 | 233,533,000 | 223,952,000 | 208,051,000 | 196,699,000 | 192,034,000 | 209,630,000 | 185,980,000 | 183,853,000 | 161,540,000 | 167,864,000 | 151,271,000 | 143,320,000 | 146,802,000 | 149,128,000 | 138,300,000 | 131,788,000 | 136,912,000 | 132,766,000 | 128,007,000 | 122,360,000 | 123,517,000 | 119,748,000 | 113,659,000 | 110,299,000 | 113,212,000 | 108,741,000 | 107,988,000 | 105,773,000 | 114,055,000 | 104,938,000 | 110,494,000 | 112,337,000 | 112,280,000 | 104,370,000 | 106,290,000 | 104,821,000 | 106,348,000 | 101,650,000 | 102,310,000 | 98,227,000 | 98,780,000 | 89,350,000 | 91,309,000 | 93,034,000 | 89,012,000 | 79,237,000 | 77,337,000 | 81,410,000 | 84,142,000 | 85,632,000 | 74,627,000 | 74,822,000 | 52,305,000 | |
promotional | 208,400,000 | 208,547,000 | 177,552,000 | 145,645,000 | 162,057,000 | 164,538,000 | 136,125,000 | 126,619,000 | 126,800,000 | 131,645,000 | 102,565,000 | 98,223,000 | 80,455,000 | 94,510,000 | 78,027,000 | 87,002,000 | 87,743,000 | 96,012,000 | 64,349,000 | 54,181,000 | 48,342,000 | 57,970,000 | 44,540,000 | 57,398,000 | 51,050,000 | 61,715,000 | 41,423,000 | 51,349,000 | 45,141,000 | 52,628,000 | 43,407,000 | 67,427,000 | 60,066,000 | 42,935,000 | 32,006,000 | 36,654,000 | 35,602,000 | 42,609,000 | 34,717,000 | 35,684,000 | 34,782,000 | 42,040,000 | 26,684,000 | 35,692,000 | 31,096,000 | 36,669,000 | 29,729,000 | 27,183,000 | 26,263,000 | 36,807,000 | 24,804,000 | 23,665,000 | 32,277,000 | 31,844,000 | 26,122,000 | 16,831,000 | 19,900,000 | 28,660,000 | 14,789,000 | 19,536,000 | 20,050,000 | 23,497,000 | 11,294,000 | ||
occupancy and equipment | 118,523,000 | 299,680,000 | 81,443,000 | 77,240,000 | 75,538,000 | 69,879,000 | 69,529,000 | 66,264,000 | 62,103,000 | 61,339,000 | 65,005,000 | 60,173,000 | 58,144,000 | 54,636,000 | 55,906,000 | 51,112,000 | 47,800,000 | 52,695,000 | 41,452,000 | 43,584,000 | 41,903,000 | 41,874,000 | 43,066,000 | 39,546,000 | 35,320,000 | 34,417,000 | 33,320,000 | 33,106,000 | 30,750,000 | 30,308,000 | 26,904,000 | 27,636,000 | 26,343,000 | 22,803,000 | 22,987,000 | 25,199,000 | 25,609,000 | 23,530,000 | 21,980,000 | 21,837,000 | 22,155,000 | 19,760,000 | 21,315,000 | 20,882,000 | 19,508,000 | 19,043,000 | 21,798,000 | 22,081,000 | 17,902,000 | 16,568,000 | 16,283,000 | 16,798,000 | 16,150,000 | 13,914,000 | 14,007,000 | 14,497,000 | 13,914,000 | 13,637,000 | 12,394,000 | 15,525,000 | 13,417,000 | 12,979,000 | 11,745,000 | ||
depreciation and amortization | 105,751,000 | 99,722,000 | 96,231,000 | 92,356,000 | 92,032,000 | 78,338,000 | 70,999,000 | 67,158,000 | 67,936,000 | 64,627,000 | 58,377,000 | 56,054,000 | 54,241,000 | 51,669,000 | 48,453,000 | 45,454,000 | 40,816,000 | 38,409,000 | 36,704,000 | 35,499,000 | 28,650,000 | 27,548,000 | 26,890,000 | 26,644,000 | 25,663,000 | 24,062,000 | 22,584,000 | 23,470,000 | 21,897,000 | 22,838,000 | 22,220,000 | 20,701,000 | 20,138,000 | 21,996,000 | 21,190,000 | 20,747,000 | 19,783,000 | 18,434,000 | 18,749,000 | 18,962,000 | -6,181,000 | 26,766,000 | 26,732,000 | 26,066,000 | 26,227,000 | 24,519,000 | 23,818,000 | 22,281,000 | 22,052,000 | 21,432,000 | 20,245,000 | 19,774,000 | 18,786,000 | 18,423,000 | 17,412,000 | 17,175,000 | 16,947,000 | 19,222,000 | 18,407,000 | 18,165,000 | 18,565,000 | 19,772,000 | 22,110,000 | 18,469,000 | |
interest expense on borrowings | 100,292,000 | 106,295,000 | 105,636,000 | 85,862,000 | 81,979,000 | 67,779,000 | 64,341,000 | 60,082,000 | 54,415,000 | 48,363,000 | 44,842,000 | 39,184,000 | 37,082,000 | 33,186,000 | 28,755,000 | 27,211,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of other intangibles | 67,230,000 | 64,706,000 | 46,103,000 | 43,521,000 | 42,614,000 | 32,461,000 | 30,607,000 | 29,552,000 | 28,618,000 | 27,760,000 | 26,741,000 | 24,092,000 | 22,542,000 | 22,654,000 | 21,168,000 | 21,196,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
brokerage, clearing and exchange | 55,475,000 | 43,282,000 | 43,290,000 | 44,138,000 | 34,789,000 | 29,636,000 | 32,984,000 | 30,532,000 | 25,917,000 | 24,793,000 | 29,148,000 | 26,126,000 | 19,251,000 | 20,850,000 | 23,362,000 | 22,600,000 | 20,372,000 | 22,828,000 | 23,459,000 | 19,364,000 | 17,762,000 | 17,834,000 | 18,565,000 | 9,920,000 | 13,403,000 | 13,536,000 | 12,741,000 | 9,148,500 | 12,090,000 | 12,329,000 | 12,175,000 | 12,101,000 | 11,360,000 | 11,428,000 | 10,170,000 | 9,917,000 | 9,938,000 | 9,554,000 | 9,515,000 | 9,219,000 | 9,818,000 | 9,401,000 | 9,649,000 | 8,681,000 | 8,362,000 | 9,242,000 | |||||||||||||||||||
professional services | 50,381,000 | 75,507,000 | 41,092,000 | 36,326,000 | 32,055,000 | 26,295,000 | 22,100,000 | 13,279,000 | 21,572,000 | 18,699,000 | 18,092,000 | 14,220,000 | 19,336,000 | 16,871,000 | 17,290,000 | 19,022,000 | 18,384,000 | 16,722,000 | 22,500,000 | 15,625,000 | 16,541,000 | 12,301,000 | 13,620,000 | 14,605,000 | 17,772,000 | 17,666,000 | 18,837,000 | 19,612,000 | 24,428,000 | 23,129,000 | 15,922,000 | 22,172,000 | 20,675,000 | 16,438,000 | 18,757,000 | 15,537,000 | 17,944,000 | 17,045,000 | 14,984,000 | 17,155,000 | 20,608,000 | 15,341,000 | 14,529,000 | 14,044,000 | -20,552,000 | 38,174,000 | 25,688,000 | 18,874,000 | 27,102,000 | 18,955,000 | 14,123,000 | 14,510,000 | 15,306,000 | 15,672,000 | 18,199,000 | 13,121,000 | 8,281,000 | 10,656,000 | 12,489,000 | 10,164,000 | 1,571,000 | 14,683,000 | 13,468,000 | ||
communications and data processing | 23,467,000 | 23,060,000 | 21,417,000 | 19,506,000 | 18,772,000 | 17,916,000 | 19,406,000 | 19,744,000 | 17,814,000 | 19,634,000 | 20,594,000 | 17,675,000 | 18,525,000 | 17,812,000 | 16,223,000 | 15,127,000 | 15,549,000 | 17,824,000 | 14,930,000 | 11,993,000 | 14,656,000 | 12,547,000 | 14,361,000 | 10,835,000 | 12,465,000 | 12,535,000 | 12,532,000 | 12,327,000 | 11,776,000 | 12,334,000 | 11,038,000 | 11,174,000 | 12,416,000 | 10,866,000 | 10,645,000 | 11,014,000 | 12,652,000 | 10,333,000 | 10,971,000 | 10,497,000 | 12,897,000 | 11,253,000 | 11,107,000 | 11,614,000 | 11,225,000 | 11,476,000 | 10,463,000 | 10,659,000 | 11,674,000 | 11,017,000 | 10,892,000 | 9,492,000 | 10,577,000 | 10,249,000 | 9,797,000 | 8,899,000 | 9,873,000 | 9,235,000 | 8,906,000 | 8,682,000 | 9,863,000 | 7,693,000 | 8,290,000 | ||
total expense | 4,453,850,000 | 4,586,088,000 | 3,466,221,000 | 3,252,754,000 | 3,171,070,000 | 2,761,046,000 | 2,601,698,000 | 2,458,401,000 | 2,350,042,000 | 2,204,711,000 | 2,079,985,000 | 1,973,335,000 | 1,913,968,000 | 1,856,324,000 | 1,826,566,000 | 1,892,314,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income before provision for income taxes | 484,584,000 | -34,111,000 | 368,804,000 | 417,253,000 | 341,281,000 | 347,348,000 | 330,071,000 | 374,192,000 | 293,787,000 | 317,672,000 | 388,819,000 | 444,497,000 | 419,219,000 | 306,734,000 | 212,321,000 | 173,379,000 | 136,559,000 | 137,979,000 | 161,649,000 | 165,142,000 | 145,833,000 | 135,330,000 | 137,278,000 | 207,632,000 | 164,999,000 | 177,986,000 | 195,076,000 | 203,774,000 | 162,443,000 | 147,359,000 | 162,909,000 | 119,926,000 | 79,890,000 | 96,640,000 | 112,769,000 | 75,271,000 | 64,943,000 | 68,224,000 | 79,749,000 | 84,600,000 | 45,103,000 | 68,687,000 | 84,090,000 | 84,675,000 | 80,536,000 | 55,453,000 | 71,161,000 | 87,547,000 | 64,548,000 | 61,302,000 | 74,902,000 | 90,551,000 | 47,102,250 | 54,238,000 | 67,308,000 | 66,863,000 | 54,774,750 | 62,062,000 | 75,479,000 | 81,558,000 | -188,205,000 | 46,012,000 | 8,628,000 | ||
provision for income taxes | 128,180,000 | -4,594,000 | 95,555,000 | 98,680,000 | 70,532,000 | 92,045,000 | 86,271,000 | 85,428,000 | 76,232,000 | 93,381,000 | 103,299,000 | 105,613,000 | 100,137,000 | 74,403,000 | 51,776,000 | 39,635,000 | 28,478,000 | 34,915,000 | 42,548,000 | 35,522,000 | 34,285,000 | 31,541,000 | 35,616,000 | 51,991,000 | 38,323,000 | 46,272,000 | 48,984,000 | 48,376,000 | 42,145,000 | 40,494,000 | 44,143,000 | 26,396,000 | 15,792,000 | 38,498,000 | 44,335,000 | 27,082,000 | 23,207,000 | 16,270,000 | 31,900,000 | 34,208,000 | 18,291,000 | 27,635,000 | 33,848,000 | 33,997,000 | 31,991,000 | 22,181,000 | 28,070,000 | 34,412,000 | 20,130,000 | 23,671,000 | 29,811,000 | 35,834,000 | 25,244,000 | 19,939,000 | 27,806,000 | 25,684,000 | 24,138,000 | 25,634,000 | 29,972,000 | 32,559,000 | -71,645,000 | 19,868,000 | 628,000 | ||
net income | 356,404,000 | -29,517,000 | 273,249,000 | 318,573,000 | 270,749,000 | 255,303,000 | 243,800,000 | 288,764,000 | 217,555,000 | 224,291,000 | 285,520,000 | 338,884,000 | 319,082,000 | 232,331,000 | 160,545,000 | 133,744,000 | 108,081,000 | 103,064,000 | 119,101,000 | 129,620,000 | 111,548,000 | 103,789,000 | 101,662,000 | 155,641,000 | 126,676,000 | 131,714,000 | 146,092,000 | 155,398,000 | 120,298,000 | 106,865,000 | 118,766,000 | 93,530,000 | 64,098,000 | 58,142,000 | 68,434,000 | 48,189,000 | 41,736,000 | 51,954,000 | 47,849,000 | 50,392,000 | 26,812,000 | 41,052,000 | 50,242,000 | 50,678,000 | 48,545,000 | 33,272,000 | 43,091,000 | 53,135,000 | 44,418,000 | 37,631,000 | 45,091,000 | 54,717,000 | 36,938,000 | 34,299,000 | 39,502,000 | 41,179,000 | 39,448,000 | 36,428,000 | 45,507,000 | 48,999,000 | -116,560,000 | 26,144,000 | 8,000,000 | 23,259,000 | |
yoy | 31.64% | -111.56% | 12.08% | 10.32% | 24.45% | 13.83% | -14.61% | -14.79% | -31.82% | -3.46% | 77.84% | 153.38% | 195.22% | 125.42% | 34.80% | 3.18% | -3.11% | -0.70% | 17.15% | -16.72% | -11.94% | -21.20% | -30.41% | 0.16% | 5.30% | 23.25% | 23.01% | 66.15% | 87.68% | 83.80% | 73.55% | 94.09% | 53.58% | 11.91% | 43.02% | -4.37% | 55.66% | 26.56% | -4.76% | -0.56% | -44.77% | 23.38% | 16.60% | -4.62% | 9.29% | -11.58% | -4.44% | -2.89% | 20.25% | 9.71% | 14.15% | 32.88% | -6.36% | -5.84% | -13.20% | -15.96% | -133.84% | 39.34% | 468.84% | -601.14% | |||||
qoq | -1307.45% | -110.80% | -14.23% | 17.66% | 6.05% | 4.72% | -15.57% | 32.73% | -3.00% | -21.44% | -15.75% | 6.21% | 37.34% | 44.71% | 20.04% | 23.74% | 4.87% | -13.47% | -8.12% | 16.20% | 7.48% | 2.09% | -34.68% | 22.87% | -3.82% | -9.84% | -5.99% | 29.18% | 12.57% | -10.02% | 26.98% | 45.92% | 10.24% | -15.04% | 42.01% | 15.46% | -19.67% | 8.58% | -5.05% | 87.95% | -34.69% | -18.29% | -0.86% | 4.39% | 45.90% | -22.79% | -18.90% | 19.62% | 18.04% | -16.54% | -17.59% | 48.13% | 7.69% | -13.17% | -4.07% | 4.39% | 8.29% | -19.95% | -7.13% | -142.04% | -545.84% | 226.80% | |||
net income margin % | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | NaN% | Infinity% |
earnings per share, basic | 4.45 | -0.37 | 3.42 | 4.27 | 3.62 | 3.41 | 3.26 | 3.87 | 2.91 | 2.95 | 3.7 | 4.3 | 4.01 | 2.91 | 2.01 | 1.67 | 1.35 | 1.29 | 1.49 | 1.63 | 1.4 | 1.31 | 1.29 | 1.96 | 1.58 | 1.61 | 1.75 | 1.84 | 1.4 | 1.22 | 1.33 | 1.04 | 0.71 | 0.65 | 0.76 | 0.54 | 0.46 | 0.58 | 0.54 | 0.57 | 0.29 | 0.43 | 0.52 | 0.52 | 0.49 | 0.33 | 0.43 | 0.52 | |||||||||||||||||
earnings per share, diluted | 4.43 | -0.37 | 3.4 | 4.24 | 3.58 | 3.39 | 3.23 | 3.83 | 2.87 | 2.91 | 3.65 | 4.24 | 3.93 | 2.86 | 1.97 | 1.64 | 1.33 | 1.26 | 1.46 | 1.59 | 1.38 | 1.29 | 1.27 | 1.92 | 1.55 | 1.57 | 1.71 | 1.79 | 1.36 | 1.19 | 1.3 | 1.01 | 0.69 | 0.63 | 0.74 | 0.52 | 0.46 | 0.58 | 0.53 | 0.56 | 0.28 | 0.43 | 0.52 | 0.52 | 0.49 | 0.33 | 0.42 | 0.51 | |||||||||||||||||
weighted-average shares outstanding, basic | 80,113 | 80,017 | 79,984 | 74,600 | 74,713 | 74,776 | 74,725 | 74,562 | 76,807 | 76,062 | 77,234 | 78,750 | 79,801 | 79,805 | 79,947 | 79,976 | 80,002 | 80,182 | 80,063 | 79,697 | 79,244 | 79,176 | 78,940 | 79,507 | 82,552 | 81,833 | 83,247 | 84,487 | 88,119 | 87,426 | 89,128 | 89,997 | 90,002 | 89,967 | 90,251 | 89,868 | 89,072 | 89,092 | 89,019 | 88,964 | 95,273 | 94,972 | 95,724 | 96,551 | 99,847 | 100,052 | 100,244 | 101,279 | 104,698 | ||||||||||||||||
weighted-average shares outstanding, diluted | 80,446 | 80,357 | 80,373 | 75,112 | 75,427 | 75,405 | 75,548 | 75,463 | 77,861 | 77,147 | 78,194 | 79,974 | 81,285 | 81,250 | 81,410 | 81,572 | 81,742 | 81,849 | 81,728 | 81,622 | 80,702 | 80,550 | 80,127 | 81,166 | 84,624 | 83,844 | 85,350 | 86,742 | 90,619 | 89,878 | 91,684 | 92,784 | 92,115 | 92,042 | 92,013 | 92,004 | 90,013 | 89,951 | 89,699 | 89,621 | 96,786 | 96,472 | 97,239 | 98,227 | 101,651 | 101,834 | 102,029 | 103,339 | 106,003 | ||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commission | 435,970,250 | 584,980,000 | 573,376,000 | 585,525,000 | 612,837,000 | 610,384,000 | 598,233,000 | 557,229,000 | 503,020,000 | 472,643,000 | 427,453,000 | 503,444,000 | 476,920,000 | 474,993,000 | 479,135,000 | 461,359,000 | 469,923,000 | 486,875,000 | 488,085,000 | 474,811,000 | 425,943,000 | 403,011,000 | 420,706,000 | 421,164,000 | 423,267,000 | 431,686,000 | 445,755,000 | 436,727,000 | 463,486,000 | 480,271,000 | 509,689,000 | 523,399,000 | 528,355,000 | 520,388,000 | 535,177,000 | 534,574,000 | 556,176,000 | 527,419,000 | 508,399,000 | 485,572,000 | |||||||||||||||||||||||||
asset-based | 287,315,250 | 489,263,000 | 363,597,000 | 296,401,000 | 302,040,000 | 301,701,000 | 279,620,000 | 264,706,000 | 258,393,000 | 253,551,000 | 247,067,000 | 285,506,000 | 288,925,000 | 292,140,000 | 288,551,000 | 296,363,000 | 265,681,000 | 248,895,000 | 238,603,000 | 219,336,000 | 193,707,000 | 183,953,000 | 173,450,000 | 157,223,000 | 144,136,000 | 138,291,000 | 137,797,000 | 136,251,000 | 124,062,000 | 123,921,000 | 125,072,000 | 120,632,000 | 122,101,000 | 121,283,000 | 118,537,000 | 114,674,000 | 112,272,000 | 107,447,000 | 107,505,000 | 103,766,000 | |||||||||||||||||||||||||
loss on extinguishment of debt | 24,400,000 | 1,268,000 | 21,139,000 | 7,962,000 | 16,524,000 | 37,979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction and fee | 104,601,500 | 140,362,000 | 137,100,000 | 140,944,000 | 129,750,000 | 119,747,000 | 119,478,000 | 137,096,000 | 118,291,000 | 121,222,000 | 118,335,000 | 122,480,000 | 119,254,000 | 118,941,000 | 116,455,000 | 116,649,000 | 103,145,000 | 103,999,000 | 109,361,000 | 108,162,000 | 102,788,000 | 108,413,000 | 101,824,000 | 102,690,000 | 96,849,000 | 105,593,000 | 97,811,000 | 101,695,000 | 93,537,000 | 94,674,000 | 91,625,000 | 89,985,000 | |||||||||||||||||||||||||||||||||
amortization of intangible assets | 14,721,750 | 21,531,000 | 19,925,000 | 17,431,000 | 17,270,000 | 16,829,000 | 16,689,000 | 16,570,000 | 16,631,000 | 16,286,000 | 16,249,000 | 16,168,000 | 15,672,000 | 15,676,000 | 15,682,000 | 13,222,000 | 9,997,000 | 9,352,000 | 9,453,000 | 9,491,000 | 9,499,000 | 9,502,000 | 9,509,000 | 9,525,000 | |||||||||||||||||||||||||||||||||||||||||
total operating expense | 1,265,043,750 | 1,855,721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating interest expense and other | 19,323,250 | 27,063,000 | 25,171,000 | 25,059,000 | 24,979,000 | 25,179,000 | 26,289,000 | 29,318,000 | 31,384,000 | 31,944,000 | 33,957,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 1,898,258,000 | 1,707,617,000 | 647,769,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 1,711,438,000 | 1,493,016,000 | 1,410,471,000 | 1,299,792,000 | 1,203,092,000 | 1,226,447,000 | 1,248,356,000 | 1,205,595,000 | 1,160,724,000 | 1,135,189,000 | 1,122,843,000 | 1,151,933,000 | 1,103,955,000 | 1,092,009,000 | 1,007,658,000 | 939,681,000 | 926,474,000 | 913,666,000 | 917,619,000 | 925,327,000 | 915,628,000 | 896,815,000 | 956,778,000 | 972,565,000 | 993,408,000 | 1,010,612,000 | 1,006,902,000 | 1,020,884,000 | 1,008,654,000 | 987,044,000 | 1,016,126,000 | 978,547,000 | 923,389,000 | 872,085,000 | 869,533,000 | 840,164,000 | 827,096,000 | 802,354,000 | 749,232,000 | 804,192,000 | 800,363,000 | 774,139,000 | 989,307,000 | 694,438,000 | 715,916,000 | ||||||||||||||||||||
interest income, net of interest expense | 6,707,000 | 6,623,000 | 6,540,000 | 9,542,000 | 10,966,000 | 11,531,000 | 11,690,000 | 12,321,000 | 11,784,000 | 10,512,000 | 10,133,000 | 7,781,000 | 6,542,000 | 6,162,000 | 5,976,000 | 5,793,000 | 5,342,000 | 5,372,000 | 5,238,000 | 5,330,000 | 4,216,000 | 5,221,000 | 5,177,000 | 4,578,000 | 4,703,000 | 4,727,000 | 4,791,000 | 4,761,000 | 4,544,000 | 4,509,000 | 4,426,000 | 4,408,000 | 4,603,000 | 4,629,000 | 4,800,000 | 4,710,000 | |||||||||||||||||||||||||||||
total net revenues | 1,581,283,000 | 1,460,301,000 | 1,366,659,000 | 1,463,397,000 | 1,447,895,000 | 1,415,525,000 | 1,389,757,000 | 1,371,679,000 | 1,317,042,000 | 1,330,997,000 | 1,298,804,000 | 1,241,557,000 | 1,116,442,000 | 1,064,108,000 | 1,065,504,000 | 1,035,427,000 | 1,007,457,000 | 1,017,440,000 | 1,019,181,000 | 1,005,305,000 | 1,020,346,000 | 1,054,745,000 | 1,090,661,000 | 1,109,302,000 | 1,104,268,000 | 1,089,234,000 | 1,092,729,000 | 1,087,431,000 | 1,093,930,000 | 1,053,212,000 | 1,018,920,000 | 974,796,000 | 944,244,000 | 907,228,000 | 907,843,000 | 901,773,000 | |||||||||||||||||||||||||||||
commission and advisory | 666,852,000 | 936,766,000 | 859,847,000 | 870,795,000 | 893,831,000 | 856,635,000 | 838,022,000 | 799,698,000 | 793,310,000 | 821,950,000 | 800,619,000 | 761,697,000 | 697,725,000 | 663,765,000 | 663,046,000 | 645,063,000 | 646,501,000 | 657,432,000 | 660,680,000 | 636,011,000 | 685,127,000 | 701,585,000 | 736,854,000 | 741,247,000 | 756,496,000 | 746,001,000 | 751,662,000 | 744,543,000 | 761,710,000 | 724,835,000 | 701,687,000 | 659,553,000 | |||||||||||||||||||||||||||||||||
brokerage, clearing, and exchange | 17,024,000 | 15,927,000 | 16,380,000 | 15,994,000 | 16,144,000 | 16,000,000 | 15,844,000 | 15,433,000 | 15,877,000 | 15,480,000 | 13,491,000 | 13,890,000 | 14,186,000 | 14,213,000 | 13,098,000 | 13,609,000 | 13,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-operating interest expense | 32,716,000 | 31,756,000 | 31,705,000 | 31,940,000 | 29,622,000 | 28,894,000 | 26,519,000 | 26,261,000 | 25,351,000 | 24,895,000 | 23,889,000 | 23,804,000 | 23,890,000 | 18,465,000 | 13,493,000 | 13,163,000 | 14,015,000 | 12,887,000 | 12,897,000 | 12,914,000 | 12,840,000 | 13,256,000 | 13,363,000 | 12,667,000 | 12,160,000 | 12,529,000 | 12,826,000 | 13,439,000 | 16,032,000 | 13,232,250 | 16,603,000 | 18,154,000 | 18,172,000 | 17,882,500 | 19,511,000 | 27,683,000 | |||||||||||||||||||||||||||||
restructuring charges | 480,000 | 3,071,000 | 4,492,000 | 3,924,000 | 8,179,000 | 9,928,000 | 9,225,000 | 7,320,000 | 10,335,000 | 6,482,000 | 7,332,000 | 6,037,000 | 635,000 | 1,211,000 | 2,057,000 | 1,694,000 | 8,372,000 | 7,684,000 | 4,814,000 | 537,000 | 3,488,000 | 1,863,000 | 4,622,000 | ||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 754,314,000 | 986,058,000 | 1,006,571,000 | 1,024,627,000 | 1,023,732,000 | 1,033,781,000 | 1,021,568,000 | 999,884,000 | 1,029,382,000 | 991,910,000 | 944,018,000 | 884,245,000 | 882,062,000 | 852,990,000 | 840,535,000 | 834,910,000 | 765,067,000 | 820,795,000 | 818,517,000 | 792,311,000 | 1,008,160,000 | 713,952,000 | 781,533,000 | 606,646,000 | |||||||||||||||||||||||||||||||||||||||||
regulatory fees and other | 6,359,250 | 8,476,000 | 8,550,000 | 8,411,000 | 7,932,000 | 8,234,000 | 7,686,000 | 7,419,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction and other | 67,952,000 | 93,799,000 | 88,631,000 | 89,378,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.325 | 0.36 | 0.42 | 0.51 | 0.34 | 0.31 | 0.36 | 0.38 | 0.36 | 0.33 | 0.41 | 0.44 | -1.32 | 0.3 | 0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.323 | 0.36 | 0.42 | 0.51 | 0.35 | 0.31 | 0.35 | 0.37 | 0.35 | 0.32 | 0.4 | 0.43 | -1.23 | 0.26 | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||
commissions | 338,256,250 | 442,129,000 | 447,243,000 | 463,653,000 | 404,382,000 | 438,294,000 | 459,882,000 | 451,877,000 | 426,397,000 | 385,273,000 | 420,169,000 | 364,451,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
advisory fees | 196,626,750 | 267,334,000 | 268,192,000 | 250,981,000 | 251,219,000 | 267,878,000 | 264,289,000 | 244,087,000 | 226,407,000 | 212,344,000 | 215,146,000 | 169,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset-based fees | 75,012,250 | 100,024,000 | 102,784,000 | 97,241,000 | 89,706,000 | 89,691,000 | 90,504,000 | 89,823,000 | 87,020,000 | 81,599,000 | 77,436,000 | 55,896,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction and other fees | 59,549,000 | 84,730,000 | 78,894,000 | 74,572,000 | 71,227,000 | 78,476,000 | 68,755,000 | 73,749,000 | 68,410,000 | 70,243,000 | 68,132,000 | 41,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions and advisory fees | 464,534,750 | 620,165,000 | 620,582,000 | 617,392,000 | 576,904,000 | 614,068,000 | 624,687,000 | 594,678,000 | 793,486,000 | 517,266,000 | 547,296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory fees and expenses | 5,354,000 | 6,979,000 | 6,891,000 | 7,546,000 | 6,731,000 | 6,441,000 | 6,372,000 | 6,572,000 | 7,428,000 | 6,038,000 | 6,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income, net of operating interest expense | 3,822,000 | 5,036,000 | 5,110,000 | 5,142,000 | 3,720,500 | 5,105,000 | 4,906,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net revenues | 662,680,500 | 882,857,000 | 893,996,000 | 873,869,000 | 573,382,750 | 759,964,000 | 790,161,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
travel and entertainment | 3,218,000 | 3,803,000 | 4,101,000 | 3,908,000 | 3,224,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity method investment | -24,000 | 3,000 | -45,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
production | 466,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 36,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-interest expenses | 575,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense from operations | 161,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense from senior credit facilities and subordinated notes | 30,856,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before benefit from income taxes | 41,123,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 17,864,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 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 | 2008-03-31 | 2007-09-30 | 2007-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash and equivalents | 1,024,459,000 | 1,343,507,000 | 4,185,337,000 | 1,229,181,000 | 967,079,000 | 1,474,954,000 | 1,318,894,000 | 1,102,270,000 | 465,671,000 | 799,209,000 | 761,187,000 | 469,785,000 | 847,519,000 | 1,219,418,000 | 700,395,000 | 1,009,693,000 | 495,246,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents segregated under federal or other regulations | 1,655,723,000 | 1,249,000,000 | 1,611,200,000 | 1,513,037,000 | 1,597,249,000 | 1,382,867,000 | 1,530,150,000 | 1,610,996,000 | 2,007,312,000 | 1,370,108,000 | 1,548,065,000 | 1,807,283,000 | 2,199,362,000 | 2,268,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 225,765,000 | 228,229,000 | 116,675,000 | 112,458,000 | 119,724,000 | 104,881,000 | 109,618,000 | 114,006,000 | 108,180,000 | 105,717,000 | 103,741,000 | 105,587,000 | 90,389,000 | 91,712,000 | 89,833,000 | 92,393,000 | 80,655,000 | 85,381,000 | 78,648,000 | 73,507,000 | 67,264,000 | 75,295,000 | 70,051,000 | 67,701,000 | 58,872,000 | 52,406,000 | 48,906,000 | 42,827,000 | 65,828,000 | 58,754,000 | 61,086,000 | 55,418,000 | 50,688,000 | 45,224,000 | 42,733,000 | 40,628,000 | 42,680,000 | 38,471,000 | 34,799,000 | 30,966,000 | 27,839,000 | 22,462,000 | 27,176,000 | 16,960,000 | ||||||||||||||||||||||
receivables from clients | 866,500,000 | 777,860,000 | 710,463,000 | 613,766,000 | 633,834,000 | 622,015,000 | 563,923,000 | 591,503,000 | 588,585,000 | 581,017,000 | 579,143,000 | 582,055,000 | 561,569,000 | 635,380,000 | 695,405,000 | 624,188,000 | 578,889,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
receivables from brokers, dealers and clearing organizations | 100,003,000 | 81,265,000 | 129,490,000 | 112,249,000 | 76,545,000 | 53,763,000 | 74,432,000 | 103,236,000 | 50,069,000 | 41,081,000 | 66,924,000 | 51,596,000 | 56,276,000 | 120,211,000 | 71,555,000 | 154,398,000 | 102,503,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans | 3,741,085,000 | 3,645,122,000 | 2,536,190,000 | 2,468,033,000 | 2,281,088,000 | 1,913,363,000 | 1,757,727,000 | 1,573,774,000 | 1,479,690,000 | 1,369,587,000 | 1,230,477,000 | 1,154,298,000 | 1,123,004,000 | 1,022,546,000 | 1,035,158,000 | 970,368,000 | 963,869,000 | 547,372,000 | 441,743,000 | 298,821,000 | 219,157,000 | 194,526,000 | 148,978,000 | |||||||||||||||||||||||||||||||||||||||||||
other receivables | 1,359,790,000 | 1,072,166,000 | 951,063,000 | 939,411,000 | 902,777,000 | 802,186,000 | 763,632,000 | 863,119,000 | 743,317,000 | 723,573,000 | 670,998,000 | 695,088,000 | 677,766,000 | 645,731,000 | 600,906,000 | 587,601,000 | 581,483,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | 100,322,000 | 215,221,000 | 139,962,000 | 138,007,000 | 57,481,000 | 111,096,000 | 89,853,000 | 57,451,000 | 91,311,000 | 52,623,000 | 50,080,000 | 50,807,000 | 52,610,000 | 62,177,000 | 47,695,000 | 43,709,000 | 49,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 1,467,569,000 | 1,338,504,000 | 1,278,991,000 | 1,237,693,000 | 1,210,027,000 | 1,144,676,000 | 1,066,395,000 | 987,308,000 | 933,091,000 | 883,388,000 | 850,139,000 | 816,496,000 | 780,357,000 | 751,478,000 | 726,224,000 | 685,771,000 | 658,841,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 2,659,170,000 | 2,674,864,000 | 2,213,393,000 | 2,213,100,000 | 2,172,873,000 | 1,868,193,000 | 1,860,062,000 | 1,840,972,000 | 1,856,648,000 | 1,772,182,000 | 1,772,162,000 | 1,765,890,000 | 1,642,468,000 | 1,642,468,000 | 1,642,468,000 | 1,642,468,000 | 1,642,443,000 | 1,641,238,000 | 1,646,631,000 | 1,513,866,000 | 1,513,866,000 | 1,503,648,000 | 1,503,648,000 | 1,503,648,000 | 1,503,648,000 | 1,502,679,000 | 1,490,247,000 | 1,490,247,000 | 1,490,247,000 | 1,476,775,000 | 1,476,775,000 | 1,476,775,000 | 1,427,769,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,365,838,000 | 1,361,361,000 | 1,361,361,000 | 1,361,361,000 | 1,361,361,000 | 1,371,523,000 | 1,371,523,000 | 1,371,523,000 | 1,372,987,000 | 1,362,153,000 | 1,334,086,000 | 1,334,086,000 | 1,334,086,000 | 1,329,234,000 | 1,304,499,000 | 1,293,366,000 | 1,293,366,000 | 1,293,366,000 | 1,287,665,000 | ||
other intangibles | 3,413,946,000 | 3,302,834,000 | 1,641,133,000 | 1,570,558,000 | 1,482,988,000 | 782,426,000 | 783,031,000 | 690,767,000 | 671,585,000 | 641,166,000 | 606,180,000 | 580,063,000 | 427,676,000 | 427,791,000 | 433,485,000 | 433,925,000 | 455,028,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 2,220,909,000 | 2,103,642,000 | 1,959,779,000 | 1,815,729,000 | 1,815,739,000 | 1,681,455,000 | 1,586,010,000 | 1,482,137,000 | 1,390,021,000 | 1,147,678,000 | 1,153,100,000 | 1,088,857,000 | 1,023,230,000 | 808,781,000 | 829,862,000 | 883,831,000 | 886,988,000 | 651,803,000 | 629,261,000 | 576,699,000 | 539,357,000 | 453,038,000 | 432,758,000 | 385,625,000 | 401,343,000 | 351,912,000 | 364,059,000 | 343,983,000 | 305,147,000 | 297,856,000 | 306,120,000 | 308,095,000 | 285,269,000 | 249,926,000 | 264,060,000 | 252,910,000 | 242,812,000 | 209,838,000 | 217,158,000 | 215,783,000 | 206,771,000 | 167,487,000 | 195,950,000 | 183,639,000 | 184,306,000 | 155,193,000 | 166,734,000 | 169,027,000 | 139,991,000 | 124,396,000 | 136,188,000 | 134,057,000 | 120,637,000 | 106,993,000 | 119,203,000 | 86,768,000 | 73,416,000 | 61,726,000 | 78,453,000 | 67,017,000 | 82,472,000 | 63,521,000 | 69,216,000 | 25,464,000 | ||
total assets | 18,835,241,000 | 18,032,214,000 | 17,473,676,000 | 13,963,222,000 | 13,317,404,000 | 11,941,875,000 | 11,503,727,000 | 11,017,539,000 | 10,385,480,000 | 9,487,329,000 | 9,392,196,000 | 9,167,805,000 | 9,482,226,000 | 9,695,783,000 | 7,736,486,000 | 7,773,331,000 | 7,991,600,000 | 7,555,806,000 | 7,220,016,000 | 6,615,411,000 | 6,523,571,000 | 6,090,727,000 | 5,905,733,000 | 6,110,766,000 | 5,880,238,000 | 5,740,548,000 | 5,363,956,000 | 5,492,190,000 | 5,477,468,000 | 5,289,813,000 | 5,223,377,000 | 5,348,018,000 | 5,358,751,000 | 5,058,273,000 | 4,790,125,000 | 4,762,076,000 | 4,834,926,000 | 4,609,756,000 | 4,607,984,000 | 4,572,372,000 | 4,521,061,000 | 3,979,358,000 | 4,042,520,000 | 4,058,719,000 | 4,050,993,000 | 3,918,167,000 | 3,893,467,000 | 3,928,696,000 | 4,042,831,000 | 3,914,088,000 | 3,923,634,000 | 3,806,210,000 | 3,988,524,000 | 3,676,577,000 | 3,599,411,000 | 3,765,475,000 | 3,816,326,000 | 3,650,877,000 | 3,662,789,000 | 3,694,264,000 | 3,646,167,000 | 3,364,896,000 | 3,315,310,000 | 2,981,712,000 | ||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
client payables | 2,116,992,000 | 1,996,568,000 | 2,090,520,000 | 2,045,285,000 | 1,898,665,000 | 2,039,140,000 | 1,963,988,000 | 2,486,605,000 | 2,266,176,000 | 1,999,555,000 | 2,088,669,000 | 2,132,621,000 | 2,694,929,000 | 3,275,860,000 | 1,498,374,000 | 1,568,025,000 | 1,712,224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
payables to brokers, dealers and clearing organizations | 307,677,000 | 195,728,000 | 273,593,000 | 252,035,000 | 129,228,000 | 211,054,000 | 212,394,000 | 190,419,000 | 163,337,000 | 98,697,000 | 155,985,000 | 112,706,000 | 147,752,000 | 168,485,000 | 154,909,000 | 149,237,000 | 170,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accrued advisory and commission expenses payable | 370,174,000 | 355,464,000 | 303,614,000 | 303,837,000 | 323,996,000 | 252,881,000 | 240,370,000 | 232,084,000 | 216,541,000 | 208,827,000 | 208,314,000 | 195,607,000 | 203,292,000 | 194,480,000 | 199,691,000 | 210,884,000 | 222,379,000 | 224,438,000 | 215,107,000 | 195,044,000 | 187,040,000 | |||||||||||||||||||||||||||||||||||||||||||||
corporate debt and other borrowings | 7,182,102,000 | 7,521,468,000 | 7,175,032,000 | 5,686,678,000 | 5,494,724,000 | 4,441,913,000 | 4,442,840,000 | 3,853,794,000 | 3,734,111,000 | 3,124,480,000 | 3,001,136,000 | 2,850,791,000 | 2,717,444,000 | 2,719,096,000 | 2,720,747,000 | 2,722,396,000 | 2,814,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 744,928,000 | 768,248,000 | 556,086,000 | 479,803,000 | 588,450,000 | 485,927,000 | 461,277,000 | 369,244,000 | 485,963,000 | 388,946,000 | 421,043,000 | 397,735,000 | 448,630,000 | 392,810,000 | 363,768,000 | 331,333,000 | 384,025,000 | 815,632,000 | 747,669,000 | 655,787,000 | 681,554,000 | 586,432,000 | 521,088,000 | 454,241,000 | 557,969,000 | 487,399,000 | 439,679,000 | 411,316,000 | 478,644,000 | 486,573,000 | 472,341,000 | 447,943,000 | 461,149,000 | 403,723,000 | 380,585,000 | 364,437,000 | 385,545,000 | 367,096,000 | 345,422,000 | 312,808,000 | 332,492,000 | 308,884,000 | 304,883,000 | 291,248,000 | 289,426,000 | 287,219,000 | 266,061,000 | 244,208,000 | 301,644,000 | 244,565,000 | 224,211,000 | 198,364,000 | 216,138,000 | 200,592,000 | 169,461,000 | 132,253,000 | 160,399,000 | 153,262,000 | 161,676,000 | 133,486,000 | 154,586,000 | 183,599,000 | 176,923,000 | 69,662,000 | ||
other liabilities | 2,427,666,000 | 2,151,800,000 | 2,000,415,000 | 2,071,801,000 | 1,951,739,000 | 1,739,209,000 | 1,667,511,000 | 1,615,512,000 | 1,440,373,000 | 1,576,236,000 | 1,394,983,000 | 1,285,412,000 | 1,102,627,000 | 945,540,000 | 954,937,000 | 1,056,450,000 | 1,018,276,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 13,149,539,000 | 12,989,276,000 | 12,399,260,000 | 10,839,439,000 | 10,386,802,000 | 9,170,124,000 | 8,988,380,000 | 8,747,658,000 | 8,306,501,000 | 7,396,741,000 | 7,270,130,000 | 6,974,872,000 | 7,314,674,000 | 7,696,271,000 | 5,892,426,000 | 6,038,325,000 | 6,321,067,000 | 5,939,417,000 | 5,665,104,000 | 5,181,090,000 | 5,208,717,000 | 4,883,279,000 | 4,798,227,000 | 5,099,409,000 | 4,856,365,000 | 4,720,598,000 | 4,338,839,000 | 4,482,495,000 | 4,503,395,000 | 4,310,346,000 | 4,216,681,000 | 4,339,525,000 | 4,393,743,000 | 4,117,708,000 | 3,897,028,000 | 3,891,806,000 | 4,013,931,000 | 3,818,630,000 | 3,853,994,000 | 3,849,313,000 | 3,805,451,000 | 3,033,961,000 | 3,099,432,000 | 3,079,161,000 | 3,079,393,000 | 2,854,795,000 | 2,824,875,000 | 2,872,447,000 | 2,942,860,000 | 2,822,431,000 | 2,737,134,000 | 2,616,225,000 | 2,848,504,000 | 2,483,293,000 | 2,380,008,000 | 2,588,932,000 | 2,471,578,000 | 2,353,462,000 | 2,399,333,000 | 2,428,348,000 | 2,472,412,000 | 2,437,561,000 | 2,417,447,000 | 2,246,203,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 137,000 | 136,000 | 136,000 | 131,000 | 131,000 | 131,000 | 131,000 | 131,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 129,000 | 129,000 | 129,000 | 129,000 | 128,000 | 128,000 | 128,000 | 127,000 | 126,000 | 125,000 | 123,000 | 120,000 | |||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 3,870,612,000 | 3,806,506,000 | 3,787,009,000 | 2,089,155,000 | 2,066,268,000 | 2,059,207,000 | 2,038,216,000 | 2,016,666,000 | 1,987,684,000 | 1,970,096,000 | 1,952,828,000 | 1,933,988,000 | 1,912,886,000 | 1,896,433,000 | 1,879,312,000 | 1,861,019,000 | 1,841,402,000 | 1,826,247,000 | 1,808,135,000 | 1,787,095,000 | 1,762,770,000 | 1,748,310,000 | 1,733,334,000 | 1,720,276,000 | 1,703,973,000 | 1,687,021,000 | 1,673,155,000 | 1,658,631,000 | 1,634,337,000 | 1,621,020,000 | 1,610,567,000 | 1,592,436,000 | 1,556,117,000 | 1,543,428,000 | 1,506,632,000 | 1,493,184,000 | 1,445,256,000 | 1,435,037,000 | 1,427,941,000 | 1,422,794,000 | 1,418,298,000 | 1,401,441,000 | 1,390,594,000 | 1,367,426,000 | 1,355,085,000 | 1,346,701,000 | 1,336,310,000 | 1,318,823,000 | 1,292,374,000 | 1,274,947,000 | 1,260,977,000 | 1,242,618,000 | 1,228,075,000 | 1,216,756,000 | 1,209,293,000 | 1,186,002,000 | 1,137,723,000 | 1,130,275,000 | 1,123,739,000 | 1,093,559,000 | 1,051,722,000 | 690,194,000 | 687,590,000 | 661,949,000 | ||
treasury stock | 6,167,387,000 | -4,333,444,000 | -4,332,275,000 | -4,331,582,000 | -4,202,322,000 | -4,102,319,000 | -4,101,955,000 | -4,101,055,000 | -3,993,949,000 | -3,766,871,000 | -3,514,364,000 | -3,159,714,000 | -2,846,536,000 | -2,696,591,000 | -2,620,798,000 | -2,569,035,000 | -2,498,600,000 | -2,447,933,000 | -2,407,035,000 | -2,406,221,000 | -2,391,062,000 | -2,391,449,000 | -2,391,961,000 | -2,392,712,000 | -2,234,793,000 | -2,114,814,000 | -1,984,223,000 | -1,859,484,000 | -1,730,535,000 | -1,612,847,000 | -1,490,020,000 | -1,373,457,000 | -1,309,568,000 | -1,279,700,000 | -1,254,759,000 | -1,218,919,000 | -1,194,645,000 | -1,195,282,000 | -1,195,949,000 | -1,196,978,000 | -1,172,490,000 | -922,817,000 | -897,270,000 | -811,895,000 | -780,661,000 | -655,822,000 | -631,115,000 | -606,474,000 | -506,205,000 | -471,653,000 | -345,388,000 | -292,919,000 | -287,998,000 | -199,570,000 | -144,931,000 | -126,523,000 | -89,037,000 | -89,037,000 | -79,568,000 | |||||||
total stockholders’ equity | 5,685,702,000 | 5,042,938,000 | 5,074,416,000 | 3,123,783,000 | 2,930,602,000 | 2,771,751,000 | 2,515,347,000 | 2,269,881,000 | 2,078,979,000 | 2,090,588,000 | 2,122,066,000 | 2,192,933,000 | 2,167,552,000 | 1,999,512,000 | 1,844,060,000 | 1,735,006,000 | 1,670,533,000 | 1,616,389,000 | 1,554,912,000 | 1,434,321,000 | 1,314,854,000 | 1,207,448,000 | 1,107,506,000 | 1,011,357,000 | 1,023,873,000 | 1,019,950,000 | 1,025,117,000 | 1,009,695,000 | 974,073,000 | 979,467,000 | 1,006,696,000 | 1,008,493,000 | 965,008,000 | 940,565,000 | 893,097,000 | 870,270,000 | 820,995,000 | 791,126,000 | 753,990,000 | 723,059,000 | 715,610,000 | 945,397,000 | 943,088,000 | 979,558,000 | 971,600,000 | 1,063,372,000 | 1,068,592,000 | 1,056,249,000 | 1,099,971,000 | 1,091,657,000 | 1,186,500,000 | 1,189,985,000 | 1,140,020,000 | 1,193,284,000 | 1,219,403,000 | 1,176,543,000 | 1,344,748,000 | 1,297,415,000 | 1,263,456,000 | 1,265,916,000 | 1,173,755,000 | 927,335,000 | 897,863,000 | 735,509,000 | ||
total liabilities and stockholders’ equity | 18,835,241,000 | 18,032,214,000 | 17,473,676,000 | 13,963,222,000 | 13,317,404,000 | 11,941,875,000 | 11,503,727,000 | 11,017,539,000 | 10,385,480,000 | 9,487,329,000 | 9,392,196,000 | 9,167,805,000 | 9,482,226,000 | 9,695,783,000 | 7,736,486,000 | 7,773,331,000 | 7,991,600,000 | 7,555,806,000 | 7,220,016,000 | 6,615,411,000 | 6,523,571,000 | 6,090,727,000 | 5,905,733,000 | 6,110,766,000 | 5,880,238,000 | 5,740,548,000 | 5,363,956,000 | 5,492,190,000 | 5,477,468,000 | 5,289,813,000 | 5,223,377,000 | 5,348,018,000 | 5,358,751,000 | 5,058,273,000 | 4,790,125,000 | 4,762,076,000 | 4,834,926,000 | 4,609,756,000 | 4,607,984,000 | 4,572,372,000 | 4,521,061,000 | 3,979,358,000 | 4,042,520,000 | 4,058,719,000 | 4,050,993,000 | 3,918,167,000 | 3,893,467,000 | 3,928,696,000 | 4,042,831,000 | 3,914,088,000 | 3,923,634,000 | 3,806,210,000 | 3,988,524,000 | 3,676,577,000 | 3,599,411,000 | 3,765,475,000 | 3,816,326,000 | 3,650,877,000 | 3,662,789,000 | 3,694,264,000 | 3,646,167,000 | 3,364,896,000 | 3,315,310,000 | 2,981,712,000 | ||
retained earnings | 5,569,740,000 | 5,619,546,000 | 5,366,079,000 | 5,066,525,000 | 4,814,732,000 | 4,578,955,000 | 4,354,139,000 | 4,085,114,000 | 3,887,233,000 | 3,683,472,000 | 3,418,529,000 | 3,101,072,000 | 2,799,541,000 | 2,585,417,000 | 2,442,893,000 | 2,327,602,000 | 2,237,947,000 | 2,153,684,000 | 2,053,319,000 | 1,943,019,000 | 1,850,460,000 | 1,766,006,000 | 1,683,666,000 | 1,554,567,000 | 1,447,617,000 | 1,336,059,000 | 1,210,422,000 | 1,070,146,000 | 971,170,000 | 886,025,000 | 789,390,000 | 718,336,000 | 676,714,000 | 641,102,000 | 595,335,000 | 569,949,000 | 550,807,000 | 521,499,000 | 496,520,000 | 469,130,000 | 466,059,000 | 448,794,000 | 422,655,000 | 396,121,000 | 371,079,000 | 361,747,000 | 342,605,000 | 313,570,000 | 288,496,000 | 270,795,000 | 240,170,000 | 199,827,000 | 175,983,000 | 154,926,000 | 117,391,000 | 296,802,000 | 257,354,000 | 220,926,000 | 175,419,000 | 126,420,000 | 242,980,000 | 216,836,000 | 70,943,000 | |||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash segregated under federal or other regulations | 863,500,000 | 644,986,000 | 1,496,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 977,789,000 | 906,720,000 | 839,144,000 | 808,612,000 | 800,799,000 | 845,228,000 | 418,202,000 | 590,209,000 | 929,536,000 | 403,813,000 | 676,903,000 | 511,096,000 | 768,546,000 | 817,560,000 | 820,056,000 | 811,136,000 | 577,961,000 | 945,133,000 | 797,293,000 | 747,709,000 | 787,364,000 | 745,766,000 | 775,368,000 | 724,529,000 | 410,036,000 | 547,320,000 | 484,694,000 | 412,332,000 | 459,494,000 | 438,576,000 | 470,305,000 | 516,584,000 | 585,740,000 | 584,871,000 | 436,032,000 | 466,261,000 | 445,971,000 | 481,056,000 | 688,818,000 | 720,772,000 | 663,189,000 | 681,471,000 | 596,584,000 | 419,208,000 | 442,547,000 | 402,741,000 | 203,912,000 | |||||||||||||||||||
cash segregated under federal and other regulations | 811,716,000 | 741,432,000 | 839,428,000 | 923,158,000 | 667,121,000 | 574,429,000 | 1,217,692,000 | 822,697,000 | 526,741,000 | 708,613,000 | 708,241,000 | 985,195,000 | 566,128,000 | 568,903,000 | 650,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 800 at september 30, 2021 and 520 at december 31, 2020 | 592,170,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product sponsors, broker-dealers and clearing organizations | 257,742,000 | 275,189,000 | 240,465,000 | 233,192,000 | 205,508,000 | 177,752,000 | 172,713,000 | 178,439,000 | 173,341,000 | 146,120,000 | 174,070,000 | 152,582,000 | 170,061,000 | 181,655,000 | 152,950,000 | 135,442,000 | 131,649,000 | 161,023,000 | 143,493,000 | 165,460,000 | 160,345,000 | 175,424,000 | 203,332,000 | 184,352,000 | 170,208,000 | |||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 9,124 at september 30, 2021 and 6,763 at december 31, 2020 | 814,514,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 3,026 at september 30, 2021 and 3,101 at december 31, 2020 | 453,245,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities owned: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading — at fair value | 32,085,000 | 30,169,000 | 47,964,000 | 29,252,000 | 28,215,000 | 35,327,000 | 29,199,000 | 46,447,000 | 32,774,000 | 29,422,000 | 27,361,000 | 29,267,000 | 32,455,000 | 24,055,000 | 16,255,000 | 17,879,000 | 13,419,000 | 14,360,000 | 13,502,000 | 11,404,000 | 11,835,000 | 10,986,000 | 12,358,000 | 11,995,000 | 16,611,000 | 11,986,000 | 16,290,000 | 13,466,000 | 12,926,000 | 11,025,000 | 12,388,000 | 8,964,000 | 8,848,000 | 9,049,000 | 7,525,000 | 8,088,000 | 7,158,000 | 6,857,000 | 6,688,000 | 6,290,000 | ||||||||||||||||||||||||||
held-to-maturity — at amortized cost | 11,183,000 | 10,708,000 | 11,972,000 | 13,235,000 | 13,058,000 | 14,406,000 | 14,361,000 | 13,043,000 | 11,771,000 | 13,005,000 | 13,005,000 | 13,006,000 | 10,585,000 | 11,832,000 | 11,833,000 | 7,110,000 | 9,864,000 | 10,866,000 | 7,847,000 | 10,847,000 | 8,599,000 | |||||||||||||||||||||||||||||||||||||||||||||
securities borrowed | 10,217,000 | 13,395,000 | 13,565,000 | 30,130,000 | 23,510,000 | 10,944,000 | 15,927,000 | 17,684,000 | 10,231,000 | 7,246,000 | 2,670,000 | 4,829,000 | 6,274,000 | 4,991,000 | 6,663,000 | 12,489,000 | 16,655,000 | 17,619,000 | 18,203,000 | 5,559,000 | 10,446,000 | 14,143,000 | 7,465,000 | 6,001,000 | 6,488,000 | 5,603,000 | 7,893,000 | 5,035,000 | 8,327,000 | 9,550,000 | 8,264,000 | 7,102,000 | 10,616,000 | 7,556,000 | 7,758,000 | 9,448,000 | 10,039,000 | 10,128,000 | 11,977,000 | 7,890,000 | 10,447,000 | 11,550,000 | 11,799,000 | 8,391,000 | 5,732,000 | 1,653,000 | 16,162,000 | |||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 598,921 at september 30, 2021 and 489,997 at december 31, 2020 | 624,529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease assets | 96,716,000 | 96,844,000 | 99,306,000 | 101,921,000 | 99,565,000 | 101,741,000 | 103,870,000 | 102,477,000 | 104,305,000 | 105,390,000 | 106,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 670,898 at september 30, 2021 and 612,011 at december 31, 2020 | 470,989,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 24,489,000 | 24,364,000 | 24,246,000 | 24,112,000 | 744,000 | 751,000 | 517,000 | 2,098,000 | 20,805,000 | 20,309,000 | 20,291,000 | 18,325,000 | 15,517,000 | 15,875,000 | 15,879,000 | 16,004,000 | 25,327,000 | 25,352,000 | 25,745,000 | 25,614,000 | 36,038,000 | 36,062,000 | 36,263,000 | 36,303,000 | 64,633,000 | 64,990,000 | 64,583,000 | 66,181,000 | 90,119,000 | 90,267,000 | 90,044,000 | 89,369,000 | ||||||||||||||||||||||||||||||||||
drafts payable | 190,451,000 | 154,230,000 | 151,397,000 | 178,403,000 | 176,916,000 | 206,084,000 | 149,832,000 | 218,636,000 | 141,423,000 | 184,361,000 | 186,116,000 | 225,034,000 | 195,343,000 | 154,182,000 | 136,936,000 | 185,929,000 | 153,366,000 | 150,101,000 | 157,227,000 | 198,839,000 | 161,444,000 | 157,518,000 | 182,460,000 | 189,083,000 | 144,307,000 | 133,579,000 | 170,212,000 | 180,099,000 | 135,095,000 | 152,164,000 | 180,648,000 | 194,971,000 | 178,151,000 | 155,513,000 | 137,621,000 | 203,132,000 | 166,011,000 | 149,930,000 | 157,350,000 | 187,575,000 | 137,294,000 | 137,787,000 | 165,511,000 | 182,489,000 | 144,669,000 | 132,238,000 | 107,619,000 | |||||||||||||||||||
payables to clients | 1,419,889,000 | 1,329,397,000 | 1,294,664,000 | 1,356,083,000 | 1,153,014,000 | 1,034,445,000 | 1,328,882,000 | 1,058,873,000 | 1,119,575,000 | 760,120,000 | 778,902,000 | 950,946,000 | 804,797,000 | 758,136,000 | 917,506,000 | 962,891,000 | 767,250,000 | 777,220,000 | 770,576,000 | 863,765,000 | 715,289,000 | 768,886,000 | 789,543,000 | 747,421,000 | 558,540,000 | 617,763,000 | 629,936,000 | 652,714,000 | 565,221,000 | 547,565,000 | 564,649,000 | 565,204,000 | 538,083,000 | 487,798,000 | 582,691,000 | 749,505,000 | 406,022,000 | 404,860,000 | 412,007,000 | 456,719,000 | 378,742,000 | 414,808,000 | 417,566,000 | 383,289,000 | 408,245,000 | 417,803,000 | ||||||||||||||||||||
payables to broker-dealers and clearing organizations | 148,193,000 | 109,089,000 | 125,563,000 | 89,743,000 | 84,405,000 | 87,706,000 | 117,860,000 | 92,002,000 | 85,341,000 | 57,665,000 | 134,375,000 | 76,180,000 | 54,360,000 | 63,076,000 | 62,156,000 | 54,262,000 | 53,239,000 | 52,668,000 | 57,139,000 | 63,032,000 | 51,890,000 | 59,181,000 | 38,411,000 | 48,032,000 | 43,531,000 | 38,952,000 | 44,658,000 | 45,427,000 | 38,315,000 | 31,834,000 | 30,624,000 | 43,157,000 | 23,043,000 | 23,384,000 | 54,171,000 | 53,031,000 | 37,799,000 | 35,653,000 | 29,318,000 | 34,755,000 | 50,024,000 | 37,139,000 | 62,603,000 | 39,070,000 | 26,420,000 | 24,881,000 | ||||||||||||||||||||
income taxes payable | 8,082,000 | 5,718,000 | 58,546,000 | 28,145,000 | 14,619,000 | 88,376,000 | 65,282,000 | 20,129,000 | 7,146,000 | 13,220,000 | 74,740,000 | 32,990,000 | 22,531,000 | 19,463,000 | 23,425,000 | 469,000 | 11,440,000 | 17,936,000 | 27,821,000 | 4,607,000 | 8,874,000 | 35,978,000 | 8,680,000 | 25,308,000 | 24,794,000 | 4,320,000 | 2,928,000 | 32,826,000 | 906,000 | 24,017,000 | 5,447,000 | 12,972,000 | ||||||||||||||||||||||||||||||||||
unearned revenue | 168,331,000 | 135,600,000 | 123,152,000 | 95,328,000 | 99,694,000 | 100,377,000 | 109,420,000 | 82,842,000 | 85,003,000 | 94,579,000 | 99,035,000 | 80,524,000 | 82,546,000 | 91,003,000 | 96,410,000 | 72,222,000 | 73,551,000 | 80,633,000 | 79,412,000 | 62,785,000 | 72,959,000 | 78,549,000 | 76,726,000 | 65,480,000 | 71,847,000 | 82,991,000 | 80,262,000 | 64,482,000 | 68,817,000 | 71,000,000 | 79,317,000 | 73,739,000 | 63,474,000 | 65,500,000 | 68,510,000 | 61,808,000 | 56,872,000 | 58,778,000 | 65,551,000 | 59,537,000 | 56,449,000 | 64,078,000 | 60,428,000 | 53,618,000 | 38,736,000 | |||||||||||||||||||||
securities sold, but not yet purchased — at fair value | 170,000 | 1,398,000 | 1,316,000 | 206,000 | 337,000 | 71,000 | 295,000 | 176,000 | 206,000 | 82,000 | 66,000 | 169,000 | 333,000 | 79,000 | 334,000 | 1,182,000 | 135,000 | 99,000 | 189,000 | 183,000 | 85,000 | 131,000 | 279,000 | 268,000 | 226,000 | 1,735,000 | 77,000 | 302,000 | 18,000 | 80,000 | 536,000 | 211,000 | 318,000 | 232,000 | 165,000 | 366,000 | 60,097,000 | 342,000 | ||||||||||||||||||||||||||||
long-term and other borrowings | 2,725,691,000 | 2,727,336,000 | 2,332,809,000 | 2,345,414,000 | 2,347,517,000 | 2,349,619,000 | 2,467,719,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 132,394,000 | 133,321,000 | 136,419,000 | 139,377,000 | 137,569,000 | 140,293,000 | 142,922,000 | 141,900,000 | 144,194,000 | 145,602,000 | 147,326,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease liabilities | 106,146,000 | 106,239,000 | 106,393,000 | 107,424,000 | 107,498,000 | 107,548,000 | 107,596,000 | 108,592,000 | 107,184,000 | 107,084,000 | 106,987,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 696 at june 30, 2021 and 520 at december 31, 2020 | 531,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 8,202 at june 30, 2021 and 6,763 at december 31, 2020 | 776,513,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 2,803 at june 30, 2021 and 3,101 at december 31, 2020 | 371,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 561,214 at june 30, 2021 and 489,997 at december 31, 2020 | 600,763,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 649,366 at june 30, 2021 and 612,011 at december 31, 2020 | 486,355,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 615 at march 31, 2021 and 520 at december 31, 2020 | 453,132,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 7,362 at march 31, 2021 and 6,763 at december 31, 2020 | 558,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 3,238 at march 31, 2021 and 3,101 at december 31, 2020 | 351,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 524,766 at march 31, 2021 and 489,997 at december 31, 2020 | 588,736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 629,442 at march 31, 2021 and 612,011 at december 31, 2020 | 383,794,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients | 405,106,000 | 433,986,000 | 412,944,000 | 344,230,000 | 341,199,000 | 339,089,000 | 365,390,000 | 373,675,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others | 306,640,000 | 298,790,000 | 248,711,000 | 228,986,000 | 189,632,000 | 180,161,000 | 291,449,000 | 272,018,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets | 582,868,000 | 533,044,000 | 461,418,000 | 412,684,000 | 387,368,000 | 275,419,000 | 214,154,000 | 189,059,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 397,486,000 | 439,838,000 | 484,171,000 | 414,093,000 | 353,996,000 | 392,031,000 | 430,704,000 | 464,522,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 399 at september 30, 2020 and 115 at december 31, 2019 | 424,131,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 6,324 at september 30, 2020 and 3,974 at december 31, 2019 | 509,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 3,246 at september 30, 2020 and 10,292 at december 31, 2019 | 306,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 467,659 at september 30, 2020 and 388,355 at december 31, 2019 | 570,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 594,741 at september 30, 2020 and 544,653 at december 31, 2019 | 409,427,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued commission and advisory expenses payable | 175,278,000 | 162,620,000 | 155,360,000 | 174,330,000 | 162,104,000 | 152,697,000 | 154,840,000 | 164,211,000 | 168,176,000 | 158,539,000 | 151,141,000 | 147,095,000 | 133,133,000 | 128,804,000 | 121,543,000 | 128,476,000 | 129,249,000 | 125,943,000 | 117,041,000 | 129,512,000 | 132,682,000 | 134,364,000 | 131,329,000 | 146,504,000 | 143,024,000 | 136,227,000 | 125,240,000 | 135,149,000 | 128,601,000 | 130,395,000 | 124,921,000 | 128,459,000 | ||||||||||||||||||||||||||||||||||
common stock, .001 par value... | 127,000 | 127,000 | 127,000 | 126,000 | 126,000 | 126,000 | 124,000 | 124,000 | 124,000 | 123,000 | 122,000 | 122,000 | 120,000 | 120,000 | 120,000 | 119,000 | 119,000 | 119,000 | 118,000 | 118,000 | 118,000 | 118,000 | 118,000 | 117,000 | 117,000 | 116,000 | 116,000 | 116,000 | 115,000 | 115,000 | 114,000 | 110,000 | 110,000 | 110,000 | 109,000 | 109,000 | 87,000 | 87,000 | ||||||||||||||||||||||||||||
clients, net of allowance of 395 at june 30, 2020 and 115 at december 31, 2019 | 385,894,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 6,583 at june 30, 2020 and 3,974 at december 31, 2019 | 474,718,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 3,334 at june 30, 2020 and 10,292 at december 31, 2019 | 314,856,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 440,935 at june 30, 2020 and 388,355 at december 31, 2019 | 556,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 577,912 at june 30, 2020 and 544,653 at december 31, 2019 | 406,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 376 at march 31, 2020 and 115 at december 31, 2019 | 360,533,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product sponsors, broker-dealers, and clearing organizations | 218,690,000 | 177,654,000 | 171,151,000 | 176,323,000 | 156,915,000 | 166,793,000 | 213,887,000 | 188,097,000 | 216,733,000 | 196,207,000 | 179,576,000 | 166,687,000 | 163,720,000 | 175,122,000 | 176,741,000 | 199,350,000 | 168,040,000 | 161,224,000 | 154,306,000 | 164,033,000 | 177,470,000 | 117,106,000 | ||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 6,573 at march 31, 2020 and 3,974 at december 31, 2019 | 457,470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 3,710 at march 31, 2020 and 10,292 at december 31, 2019 | 351,169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 414,322 at march 31, 2020 and 388,355 at december 31, 2019 | 542,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 561,223 at march 31, 2020 and 544,653 at december 31, 2019 | 423,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held-to-maturity | 11,806,000 | 13,001,000 | 11,833,000 | 8,862,000 | 9,847,000 | 9,350,000 | 8,594,000 | 9,345,000 | 3,346,000 | 4,847,000 | 6,853,000 | 6,761,000 | 8,669,000 | 11,683,000 | 10,202,000 | 7,676,000 | 10,154,000 | 9,152,000 | 11,167,000 | 10,131,000 | 11,651,000 | 11,660,000 | 9,563,000 | 10,582,000 | 9,069,000 | |||||||||||||||||||||||||||||||||||||||||
long-term borrowings | 2,398,818,000 | 2,371,808,000 | 2,385,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasehold financing and capital lease obligations | 104,564,000 | 105,057,000 | 105,570,000 | 106,076,000 | 107,518,000 | 108,223,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 730 at september 30, 2019 and 640 at december 31, 2018 | 418,976,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 5,168 at september 30, 2019 and 5,080 at december 31, 2018 | 397,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 10,989 at september 30, 2019 and 8,099 at december 31, 2018 | 268,262,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 364,405 at september 30, 2019 and 308,155 at december 31, 2018 | 504,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 528,022 at september 30, 2019 and 479,319 at december 31, 2018 | 456,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowing | 2,360,218,000 | 2,363,441,000 | 2,368,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 670 at june 30, 2019 and 640 at december 31, 2018 | 462,327,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 4,995 at june 30, 2019 and 5,080 at december 31, 2018 | 355,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 11,302 at june 30, 2019 and 8,099 at december 31, 2018 | 263,246,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 340,613 at june 30, 2019 and 308,155 at december 31, 2018 | 485,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 511,736 at june 30, 2019 and 479,319 at december 31, 2018 | 451,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 684 at march 31, 2019 and 640 at december 31, 2018 | 393,099,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 6,107 at march 31, 2019 and 5,080 at december 31, 2018 | 320,379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 10,386 at march 31, 2019 and 8,099 at december 31, 2018 | 269,153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 318,520 at march 31, 2019 and 308,155 at december 31, 2018 | 472,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 495,487 at march 31, 2019 and 479,319 at december 31, 2018 | 468,058,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
national planning holdings acquisition | 162,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 621 at september 30, 2018 and 466 at december 31, 2017 | 435,133,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 3,539 at september 30, 2018 and 3,264 at december 31, 2017 | 261,214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 8,997 at september 30, 2018 and 6,115 at december 31, 2017 | 236,480,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 489,209 at september 30, 2018 and 427,344 at december 31, 2017 | 441,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 463,646 at september 30, 2018 and 419,066 at december 31, 2017 | 482,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowing, net of unamortized debt issuance cost of 20,345 at september 30, 2018 and 22,812 at december 31, 2017 | 2,375,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 579 at june 30, 2018 and 466 at december 31, 2017 | 361,619,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 3,629 at june 30, 2018 and 3,264 at december 31, 2017 | 229,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 8,168 at june 30, 2018 and 6,115 at december 31, 2017 | 241,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 467,140 at june 30, 2018 and 427,344 at december 31, 2017 | 431,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 447,971 at june 30, 2018 and 419,066 at december 31, 2017 | 497,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowing, net of unamortized debt issuance cost of 21,166 at june 30, 2018 and 22,812 at december 31, 2017 | 2,378,417,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 514 at march 31, 2018 and 466 at december 31, 2017 | 384,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 3,446 at march 31, 2018 and 3,264 at december 31, 2017 | 232,904,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 7,283 at march 31, 2018 and 6,115 at december 31, 2017 | 245,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 445,555 at march 31, 2018 and 427,344 at december 31, 2017 | 411,272,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 432,288 at march 31, 2018 and 419,066 at december 31, 2017 | 513,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowing, net of unamortized debt issuance cost of 21,989 at march 31, 2018 and 22,812 at december 31, 2017 | 2,381,719,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and securities segregated under federal and other regulations | 763,831,000 | 754,683,000 | 534,002,000 | 682,662,000 | 768,219,000 | 597,114,000 | 647,379,000 | 686,457,000 | 671,339,000 | 470,721,000 | 399,875,000 | 516,350,000 | 568,930,000 | 418,507,000 | 408,225,000 | 461,312,000 | 512,351,000 | 428,043,000 | 440,118,000 | 399,933,000 | 577,433,000 | 393,583,000 | 321,937,000 | 340,444,000 | 382,905,000 | 267,845,000 | 225,888,000 | 279,726,000 | 373,634,000 | 243,949,000 | 257,250,000 | 24,758,000 | ||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 548,000 | 315,000 | 444,000 | 379,000 | 603,000 | 553,000 | 595,000 | 851,000 | 1,254,000 | 937,000 | 1,296,000 | 1,532,000 | 1,177,000 | 115,000 | 4,278,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 490 at september 30, 2017 and 1,580 at december 31, 2016 | 391,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 3,660 at september 30, 2017 and 1,852 at december 31, 2016 | 184,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 6,351 at september 30, 2017 and 12,851 at december 31, 2016 | 214,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 410,902 at september 30, 2017 and 355,919 at december 31, 2016 | 402,246,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 409,070 at september 30, 2017 and 380,775 at december 31, 2016 | 325,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
national planning holdings acquisition payment | 325,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 2,388,321,000 | 2,178,866,000 | 2,182,507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 427 at june 30, 2017 and 1,580 at december 31, 2016 | 295,388,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 5,780 at june 30, 2017 and 1,852 at december 31, 2016 | 192,485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 10,050 at june 30, 2017 and 12,851 at december 31, 2016 | 212,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 394,737 at june 30, 2017 and 355,919 at december 31, 2016 | 392,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 399,718 at june 30, 2017 and 380,775 at december 31, 2016 | 335,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasehold financing obligation | 104,764,000 | 105,210,000 | 105,649,000 | 105,939,000 | 91,585,000 | 74,761,000 | 59,940,000 | 43,182,000 | 26,337,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 572 at march 31, 2017 and 1,580 at december 31, 2016 | 296,282,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 5,996 at march 31, 2017 and 1,852 at december 31, 2016 | 195,312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 8,527 at march 31, 2017 and 12,851 at december 31, 2016 | 196,716,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 374,795 at march 31, 2017 and 355,919 at december 31, 2016 | 387,395,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 390,265 at march 31, 2017 and 380,775 at december 31, 2016 | 344,505,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior secured credit facilities | 2,175,436,000 | 2,188,240,000 | 1,666,129,000 | 1,693,838,000 | 1,641,548,000 | 1,634,258,000 | 1,526,967,000 | 1,529,677,000 | 1,532,387,000 | 1,535,096,000 | 1,537,806,000 | 1,540,515,000 | 1,307,100,000 | 1,317,825,000 | 1,328,550,000 | 1,339,275,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,629 at september 30, 2016 and 1,464 at december 31, 2015 | 292,549,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 697 at september 30, 2016 and 697 at december 31, 2015 | 178,924,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 12,486 at september 30, 2016 and 9,856 at december 31, 2015 | 191,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable | 2,305,000 | 17,370,000 | 9,355,000 | 84,000 | 25,404,000 | 20,855,000 | 9,030,000 | 5,215,000 | 1,517,000 | 6,906,000 | 90,000 | 8,088,000 | 18,060,000 | 97,416,000 | 144,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 378,764 at september 30, 2016 and 328,880 at december 31, 2015 | 373,098,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 371,276 at september 30, 2016 and 342,740 at december 31, 2015 | 363,495,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior secured credit facilities, net of unamortized debt issuance cost of 23,139 at september 30, 2016 and 26,797 at december 31, 2015 | 2,178,641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,630 at june 30, 2016 and 1,464 at december 31, 2015 | 306,937,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 697 at june 30, 2016 and 697 at december 31, 2015 | 167,774,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 12,241 at june 30, 2016 and 9,856 at december 31, 2015 | 183,787,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 365,049 at june 30, 2016 and 328,880 at december 31, 2015 | 330,204,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 361,773 at june 30, 2016 and 342,740 at december 31, 2015 | 372,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior secured credit facilities, net of unamortized debt issuance cost of 24,355 at june 30, 2016 and 26,797 at december 31, 2015 | 2,181,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,609 at march 31, 2016 and 1,464 at december 31, 2015 | 294,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans, net of allowance of 697 at march 31, 2016 and 697 at december 31, 2015 | 153,701,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 10,600 at march 31, 2016 and 9,856 at december 31, 2015 | 182,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 346,871 at march 31, 2016 and 328,880 at december 31, 2015 | 288,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 352,263 at march 31, 2016 and 342,740 at december 31, 2015 | 382,507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior secured credit facilities, net of unamortized debt issuance cost of 25,575 at march 31, 2016 and 26,797 at december 31, 2015 | 2,185,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,337 at september 30, 2015 and 1,245 at december 31, 2014 | 344,351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 11,340 at september 30, 2015 and 8,379 at december 31, 2014 | 323,238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 320,897 at september 30, 2015 and 288,834 at december 31, 2014 | 256,998,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 13,922 at september 30, 2015 and 11,724 at december 31, 2014 | 11,042,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 333,207 at september 30, 2015 and 305,154 at december 31, 2014 | 401,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,283 at june 30, 2015 and 1,245 at december 31, 2014 | 331,992,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 10,751 at june 30, 2015 and 8,379 at december 31, 2014 | 314,805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 304,879 at june 30, 2015 and 288,834 at december 31, 2014 | 237,116,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 13,190 at june 30, 2015 and 11,724 at december 31, 2014 | 11,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 323,673 at june 30, 2015 and 305,154 at december 31, 2014 | 411,097,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,258 at march 31, 2015 and 1,245 at december 31, 2014 | 324,458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 9,520 at march 31, 2015 and 8,379 at december 31, 2014 | 318,199,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 288,538 at march 31, 2015 and 288,834 at december 31, 2014 | 209,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 12,457 at march 31, 2015 and 11,724 at december 31, 2014 | 12,508,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 314,137 at march 31, 2015 and 305,154 at december 31, 2014 | 420,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 11,724 and 7,751 at december 31, 2014 and 2013, respectively | 13,241,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,237 at september 30, 2014 and 588 at december 31, 2013 | 342,304,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 9,383 at september 30, 2014 and 7,091 at december 31, 2013 | 281,411,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 300,823 at september 30, 2014 and 263,321 at december 31, 2013 | 207,413,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 10,991 at september 30, 2014 and 7,751 at december 31, 2013 | 13,040,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 295,332 at september 30, 2014 and 266,285 at december 31, 2013 | 440,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,252 at june 30, 2014 and 588 at december 31, 2013 | 353,741,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 7,865 at june 30, 2014 and 7,091 at december 31, 2013 | 276,076,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 286,702 at june 30, 2014 and 263,321 at december 31, 2013 | 211,407,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 9,911 at june 30, 2014 and 7,751 at december 31, 2013 | 14,121,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 285,698 at june 30, 2014 and 266,285 at december 31, 2013 | 445,109,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 633 at march 31, 2014 and 588 at december 31, 2013 | 340,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 7,390 at march 31, 2014 and 7,091 at december 31, 2013 | 284,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 275,059 at march 31, 2014 and 263,321 at december 31, 2013 | 200,071,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 8,831 at march 31, 2014 and 7,751 at december 31, 2013 | 15,201,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 276,002 at march 31, 2014 and 266,285 at december 31, 2013 | 454,806,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 7,751 and 4,903 at december 31, 2013 and 2012, respectively | 16,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 567 at september 30, 2013 and 587 at december 31, 2012 | 341,387,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 7,200 at september 30, 2013 and 6,675 at december 31, 2012 | 252,864,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 288,411 at september 30, 2013 and 324,684 at december 31, 2012 | 140,846,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 6,671 at september 30, 2013 and 4,903 at december 31, 2012 | 17,361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 256,555 at september 30, 2013 and 237,681 at december 31, 2012 | 474,253,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes — net | 108,390,000 | 106,658,000 | 109,856,000 | 118,240,000 | 119,626,000 | 124,083,000 | 115,718,000 | 127,766,000 | 129,990,000 | 125,959,000 | 125,523,000 | 130,211,000 | 127,126,000 | 131,850,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -250,000 | -441,000 | -850,000 | -1,287,000 | -1,751,000 | -3,171,000 | -4,496,000 | -5,874,000 | -6,599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 521 at june 30, 2013 and 587 at december 31, 2012 | 306,164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 5,979 at june 30, 2013 and 6,675 at december 31, 2012 | 248,143,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 281,832 at june 30, 2013 and 324,684 at december 31, 2012 | 138,881,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 5,604 at june 30, 2013 and 4,903 at december 31, 2012 | 18,427,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 246,823 at june 30, 2013 and 237,681 at december 31, 2012 | 483,984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 544 at march 31, 2013 and 587 at december 31, 2012 | 341,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 6,838 at march 31, 2013 and 6,675 at december 31, 2012 | 268,492,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 275,186 at march 31, 2013 and 324,684 at december 31, 2012 | 132,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 6,024 at march 31, 2013 and 4,903 at december 31, 2012 | 20,133,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 237,055 at march 31, 2013 and 237,681 at december 31, 2012 | 493,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 587 at december 31, 2012 and 716 at december 31, 2011 | 369,814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 6,675 at december 31, 2012 and 8,833 at december 31, 2011 | 241,324,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 324,684 at december 31, 2012 and 305,143 at december 31, 2011 | 130,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 4,903 at december 31, 2012 and 19,197 at december 31, 2011 | 21,254,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 237,681 at december 31, 2012 and 198,139 at december 31, 2011 | 503,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate swaps | 1,377,000 | 2,068,000 | 2,836,000 | 5,135,000 | 7,281,000 | 9,665,000 | 10,858,000 | 7,039,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 791 at september 30, 2012 and 716 at december 31, 2011 | 326,873,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 6,918 at september 30, 2012 and 8,833 at december 31, 2011 | 210,926,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 326,547 at september 30, 2012 and 305,143 at december 31, 2011 | 121,718,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 3,782 at september 30, 2012 and 19,197 at december 31, 2011 | 22,375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 227,890 at september 30, 2012 and 198,139 at december 31, 2011 | 513,319,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued commissions and advisory fees payable | 107,724,000 | 97,968,000 | 105,803,000 | 109,715,000 | 109,316,000 | 111,336,000 | 112,405,000 | 130,408,000 | 121,008,000 | 121,231,000 | 117,612,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 575 at june 30, 2012 and 716 at december 31, 2011 | 293,028,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 8,373 at june 30, 2012 and 8,833 at december 31, 2011 | 200,382,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 319,342 at june 30, 2012 and 305,143 at december 31, 2011 | 109,171,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 2,661 at june 30, 2012 and 19,197 at december 31, 2011 | 23,497,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 217,919 at june 30, 2012 and 198,139 at december 31, 2011 | 523,290,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 672 at march 31, 2012 and 716 at december 31, 2011 | 288,413,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 8,608 at march 31, 2012 and 8,833 at december 31, 2011 | 192,926,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 312,232 at march 31, 2012 and 305,143 at december 31, 2011 | 92,634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 1,912 at march 31, 2012 and 19,197 at december 31, 2011 | 24,618,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 207,971 at march 31, 2012 and 198,139 at december 31, 2011 | 527,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 220,590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior credit facilities | 1,350,000,000 | 1,332,668,000 | 1,336,161,000 | 1,339,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 716 at december 31, 2011 and 655 at december 31, 2010 | 301,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowance of 8,833 at december 31, 2011 and 6,796 at december 31, 2010 | 187,408,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 305,143 at december 31, 2011 and 276,501 at december 31, 2010 | 91,317,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 19,197 at december 31, 2011 and 14,106 at december 31, 2010 | 18,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 198,139 at december 31, 2011 and 172,726 at december 31, 2010 | 537,670,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold but not yet purchased — at fair value | 161,000 | 156,000 | 4,061,000 | 2,545,000 | 4,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 515 at september 30, 2011 and 655 at december 31, 2010 | 282,491,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 7,207 at september 30, 2011 and 6,796 at december 31, 2010 | 188,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading | 7,557,000 | 9,740,000 | 9,454,000 | 9,259,000 | 18,561,000 | 18,145,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 299,984 at september 30, 2011 and 276,501 at december 31, 2010 | 83,636,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 201,858 at september 30, 2011 and 172,726 at december 31, 2010 | 547,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 17,925 at september 30, 2011 and 14,106 at december 31, 2010 | 19,893,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 656 at june 30, 2011 and 655 at december 31, 2010 | 288,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 7,356 at june 30, 2011 and 6,796 at december 31, 2010 | 187,285,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 292,384 at june 30, 2011 and 276,501 at december 31, 2010 | 81,274,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 191,949 at june 30, 2011 and 172,726 at december 31, 2010 | 558,488,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 16,652 at june 30, 2011 and 14,106 at december 31, 2010 | 21,165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 661 at march 31, 2011 and 655 at december 31, 2010 | 295,872,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 6,916 at march 31, 2011 and 6,796 at december 31, 2010 | 183,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 284,235 at march 31, 2011 and 276,501 at december 31, 2010 | 76,850,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 182,263 at march 31, 2011 and 172,726 at december 31, 2010 | 562,340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 15,379 at march 31, 2011 and 14,106 at december 31, 2010 | 22,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
senior credit facilities and subordinated notes | 1,343,146,000 | 1,386,639,000 | 1,390,132,000 | 1,393,625,000 | 1,390,283,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 655 at december 31, 2010 and 792 at december 31, 2009 | 271,051,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 6,796 at december 31, 2010 and 6,159 at december 31, 2009 | 169,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 276,501 at december 31, 2010 and 239,868 at december 31, 2009 | 78,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 14,106 at december 31, 2010 and 15,724 at december 31, 2009 | 23,711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 172,726 at december 31, 2010 and 136,177 at december 31, 2009 | 560,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholder loans | -52,000 | -51,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 1,474 at september 30, 2010 and 792 at december 31, 2009 | 274,598,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 8,652 at september 30, 2010 and 6,159 at december 31, 2009 | 159,128,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 267,831 at september 30, 2010 and 239,868 at december 31, 2009 | 74,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 163,499 at september 30, 2010 and 136,177 at december 31, 2009 | 569,303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 12,833 at september 30, 2010 and 15,724 at december 31, 2009 | 24,984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold but not yet purchased — at market value | 2,680,000 | 2,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
clients, net of allowance of 646 at june 30, 2010 and 792 at december 31, 2009 | 266,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 8,480 at june 30, 2010 and 6,159 at december 31, 2009 | 146,372,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 257,715 at june 30, 2010 and 239,868 at december 31, 2009 | 76,291,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 154,240 at june 30, 2010 and 136,177 at december 31, 2009 | 578,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 11,560 at june 30, 2010 and 15,724 at december 31, 2009 | 26,257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 143,799 at march 31, 2008 and 130,011 at december 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 9,174 at march 31, 2008 and 8,239 at december 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 75,228 at march 31, 2008 and 65,707 at december 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trademarks and trade names, net of accumulated amortization of 801 at march 31, 2008 and 590 at december 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 16,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans held for sale—net | 3,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 123,804 at september 30, 2007 and 90,731 at december 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 7,303 at september 30, 2007 and 4,564 at december 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 56,273 at september 30, 2007 and 31,245 at december 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trademarks and trade names, net of accumulated amortization of 379 at september 30, 2007 and 0 at december 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
customers, net of allowance of 385 at june 30, 2007 and 202 at december 31, 2006 | 342,868,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others, net of allowances of 2,660 at june 30, 2007 and 2,590 at december 31, 2006 | 68,962,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities—at market value | 14,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other securities—at amortized cost | 9,893,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets, net of accumulated depreciation and amortization of 112,115 at june 30, 2007 and 90,731 at december 31, 2006 | 133,352,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 6,367 at june 30, 2007 and 4,564 at december 31, 2006 | 25,541,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 47,382 at june 30, 2007 and 31,245 at december 31, 2006 | 639,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trademarks and trade names, net of accumulated amortization of 324 at june 30, 2007 and 0 at december 31, 2006 | 44,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warehouse lines of credit | 1,927,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable to customers | 233,630,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable to broker-dealers and clearing organizations | 34,458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold but not yet purchased—at market value | 5,779,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes—net | 233,525,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 86,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 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 | 2007-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 356,404,000 | -29,517,000 | 273,249,000 | 318,573,000 | 270,749,000 | 255,303,000 | 243,800,000 | 288,764,000 | 217,555,000 | 224,291,000 | 285,520,000 | 338,884,000 | 319,082,000 | 232,331,000 | 160,545,000 | 133,744,000 | 108,081,000 | 103,064,000 | 119,101,000 | 129,620,000 | 111,548,000 | 103,789,000 | 101,662,000 | 155,641,000 | 126,676,000 | 131,714,000 | 146,092,000 | 155,398,000 | 120,298,000 | 106,865,000 | 118,766,000 | 93,530,000 | 64,098,000 | 58,142,000 | 68,434,000 | 48,189,000 | 41,736,000 | 51,954,000 | 47,849,000 | 50,392,000 | 26,812,000 | 41,052,000 | 50,242,000 | 50,678,000 | 48,545,000 | 33,272,000 | 43,091,000 | 53,135,000 | 44,418,000 | 37,631,000 | 45,091,000 | 54,717,000 | 36,938,000 | 34,299,000 | 39,502,000 | 41,179,000 | 39,448,000 | 36,428,000 | 45,507,000 | 48,999,000 | -116,560,000 | 26,144,000 | -8,192,000 | 41,746,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 105,751,000 | 99,722,000 | 96,231,000 | 92,356,000 | 92,032,000 | 78,338,000 | 70,999,000 | 67,158,000 | 67,936,000 | 64,627,000 | 58,377,000 | 56,054,000 | 54,241,000 | 51,669,000 | 48,453,000 | 45,454,000 | 40,816,000 | 38,409,000 | 36,704,000 | 35,499,000 | 28,650,000 | 27,548,000 | 26,890,000 | 26,644,000 | 25,663,000 | 24,062,000 | 22,584,000 | 23,470,000 | 21,897,000 | 22,838,000 | 22,220,000 | 20,701,000 | 20,138,000 | 21,996,000 | 21,190,000 | 20,747,000 | 19,783,000 | 18,434,000 | 18,749,000 | 18,962,000 | -6,181,000 | 26,766,000 | 26,732,000 | 26,066,000 | 26,227,000 | 24,519,000 | 23,818,000 | 22,281,000 | 22,052,000 | 21,432,000 | 20,245,000 | 19,774,000 | 18,786,000 | 18,423,000 | 17,412,000 | 17,175,000 | 16,947,000 | 19,222,000 | 18,407,000 | 18,165,000 | 18,565,000 | 19,772,000 | 11,542,000 | 36,158,000 |
amortization of other intangibles | 67,230,000 | 64,706,000 | 46,103,000 | 43,521,000 | 42,614,000 | 32,461,000 | 30,607,000 | 29,552,000 | 28,618,000 | 27,760,000 | 26,741,000 | 24,092,000 | 22,542,000 | 22,654,000 | 21,168,000 | 21,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 3,487,000 | 3,515,000 | 6,708,000 | 7,873,000 | 2,830,000 | 3,003,000 | 2,811,000 | 2,675,000 | 2,448,000 | 2,232,000 | 2,025,000 | 2,026,000 | 2,027,000 | 1,849,000 | 1,488,000 | 1,489,000 | 1,491,000 | 1,492,000 | 1,444,000 | 1,306,000 | 1,344,000 | 1,345,000 | 1,347,000 | 1,348,000 | 1,300,000 | 1,222,000 | 1,124,000 | 1,026,000 | 1,028,000 | 1,029,000 | 1,023,000 | 1,038,000 | 1,032,000 | 858,000 | 1,128,000 | 1,286,000 | 1,434,000 | 1,437,000 | 1,439,000 | 1,442,000 | 1,207,000 | 732,000 | 733,000 | 733,000 | 732,000 | 1,081,000 | 1,080,000 | 1,080,000 | 1,080,000 | 1,066,000 | 1,098,000 | 1,121,000 | 1,121,000 | 1,121,000 | 1,121,000 | 1,228,000 | 1,273,000 | 1,272,000 | 1,273,000 | 1,273,000 | 1,273,000 | 1,273,000 | 547,000 | 1,803,000 |
share-based compensation | 23,059,000 | 19,409,000 | 20,322,000 | 19,248,000 | 26,807,000 | 20,970,000 | 20,649,000 | 23,335,000 | 16,147,000 | 16,468,000 | 17,418,000 | 18,636,000 | 12,898,000 | 12,049,000 | 14,318,000 | 13,343,000 | 10,212,000 | 10,246,000 | 11,740,000 | 11,977,000 | 8,157,000 | 7,839,000 | 8,647,000 | 9,332,000 | 7,877,000 | 7,925,000 | 8,098,000 | 8,964,000 | 5,638,000 | 7,293,000 | 8,634,000 | 7,597,000 | 6,637,000 | 8,060,000 | 6,854,000 | 6,971,000 | 8,021,000 | 6,758,000 | 5,097,000 | 5,020,000 | 6,636,000 | 6,727,000 | 8,657,000 | 7,193,000 | 4,930,000 | 7,040,000 | 7,322,000 | 8,287,000 | 7,342,000 | 4,637,000 | 6,892,000 | 5,801,000 | 4,671,000 | 4,379,000 | 5,576,000 | 6,496,000 | 5,720,000 | 3,331,000 | 4,351,000 | 4,848,000 | 226,998,000 | 2,553,000 | 6,666,000 | 902,000 |
provision for credit losses | 8,504,000 | 5,756,000 | 3,944,000 | -749,000 | 5,480,000 | 3,896,000 | 6,926,000 | 2,668,000 | 4,103,000 | 4,010,000 | 4,487,000 | 3,347,000 | 1,736,000 | 4,091,000 | 3,618,000 | 4,222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred benefit for income taxes | -21,915,000 | -171,000 | -106,000 | -72,000 | 103,000 | -69,000 | 4,000 | -18,000 | -46,000 | -96,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in estimated fair value of contingent consideration | 7,523,000 | 2,676,000 | 309,000 | 6,594,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan forgiveness | 138,566,000 | 107,874,000 | 97,878,000 | 89,677,000 | 83,560,000 | 75,893,000 | 68,388,000 | 64,605,000 | 66,651,000 | 55,975,000 | 51,855,000 | 49,036,000 | 47,284,000 | 44,176,000 | 44,515,000 | 43,554,000 | 53,186,000 | 35,321,000 | 32,954,000 | 29,966,000 | 28,448,000 | 28,599,000 | 30,365,000 | 25,714,000 | 25,196,000 | 23,742,000 | 20,757,000 | 22,807,000 | 20,825,000 | 17,959,000 | 16,866,000 | 15,870,000 | 13,947,000 | 13,150,000 | 13,586,000 | 12,977,000 | 12,517,000 | 11,182,000 | 10,893,000 | 10,571,000 | 10,189,000 | 9,565,000 | 9,375,000 | 8,529,000 | 8,083,000 | 7,376,000 | 6,514,000 | 6,436,000 | 342,000 | 375,000 | 376,000 | 375,000 | 384,000 | 390,000 | 385,000 | 371,000 | 427,000 | 1,144,000 | ||||||
other | 3,148,000 | 220,000 | 2,455,000 | 2,543,000 | -63,579,000 | 4,797,000 | 24,337,000 | 9,126,000 | 26,398,000 | 1,374,000 | 1,182,000 | 10,218,000 | 32,176,000 | -18,268,000 | -414,000 | 1,289,000 | -3,261,000 | -2,405,000 | -1,717,000 | -2,624,000 | -3,813,000 | -2,945,000 | -4,074,000 | -1,841,000 | -5,130,000 | -2,862,000 | -1,734,000 | -1,695,000 | 918,000 | -1,363,000 | 111,000 | -2,330,000 | -7,111,000 | -2,772,000 | -1,993,000 | -283,000 | -1,218,000 | -329,000 | -1,975,000 | -1,613,000 | 8,894,000 | -347,000 | 4,761,000 | -811,000 | 795,000 | 1,087,000 | 175,000 | -1,591,000 | 634,000 | 712,000 | 540,000 | 328,000 | -103,000 | 850,000 | -82,000 | -240,000 | 1,506,000 | 370,000 | -125,000 | -39,000 | -405,000 | 314,000 | 12,000 | |
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from clients | -63,051,000 | -68,602,000 | -96,745,000 | 20,964,000 | -12,892,000 | -58,246,000 | 28,084,000 | -2,754,000 | -8,293,000 | -2,076,000 | 2,879,000 | -20,580,000 | 73,627,000 | 60,103,000 | -71,242,000 | -45,234,000 | 13,094,000 | -60,491,000 | -78,719,000 | -48,120,000 | 18,904,000 | -38,242,000 | -25,379,000 | 73,192,000 | -14,481,000 | 43,292,000 | -69,216,000 | 19,803,000 | 22,170,000 | -73,556,000 | 22,532,000 | -40,034,000 | 47,444,000 | -96,324,000 | 1,038,000 | 45,926,000 | -48,602,000 | 14,389,000 | -12,120,000 | 44,107,000 | 5,133,000 | -12,412,000 | -7,559,000 | 40,919,000 | -23,095,000 | 11,452,000 | -14,018,000 | 33,289,000 | -32,309,000 | -35,269,000 | 35,303,000 | 28,413,000 | -42,737,000 | -34,061,000 | -4,517,000 | 12,922,000 | -19,001,000 | 5,834,000 | 7,692,000 | -24,827,000 | 4,282,000 | -9,246,000 | ||
receivables from brokers, dealers and clearing organizations | -29,106,000 | 50,064,000 | -17,241,000 | -35,704,000 | -9,048,000 | 20,669,000 | 28,804,000 | -53,167,000 | -8,988,000 | 25,843,000 | -15,328,000 | 4,680,000 | 63,935,000 | -48,656,000 | 82,843,000 | -51,895,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
advisor loans | -206,538,000 | -1,116,474,000 | -170,021,000 | -279,497,000 | -454,623,000 | -232,829,000 | -256,642,000 | -159,839,000 | -179,612,000 | -197,033,000 | -133,375,000 | -84,418,000 | -147,827,000 | -32,506,000 | -109,934,000 | -51,605,000 | -162,934,000 | -74,344,000 | -248,062,000 | -41,337,000 | -67,136,000 | -62,746,000 | -47,623,000 | -48,013,000 | -68,108,000 | -67,628,000 | -54,345,000 | -45,418,000 | -59,974,000 | -49,432,000 | -13,796,000 | -29,025,000 | -48,380,000 | -2,872,000 | -9,846,000 | -18,605,000 | -29,274,000 | -22,332,000 | -24,967,000 | -15,293,000 | ||||||||||||||||||||||||
other receivables | -160,028,000 | -68,965,000 | -11,616,000 | -56,340,000 | -60,667,000 | -40,981,000 | 96,415,000 | -121,596,000 | -20,977,000 | -54,679,000 | 20,785,000 | -16,457,000 | -41,221,000 | -46,042,000 | -14,283,000 | -6,042,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
investment securities - trading | -10,016,000 | -29,331,000 | -1,182,000 | -80,960,000 | 51,762,000 | -20,441,000 | -30,040,000 | 32,902,000 | -39,129,000 | -2,038,000 | 1,750,000 | 461,000 | 7,917,000 | -11,154,000 | -3,537,000 | 6,701,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other assets | -53,933,000 | -48,130,000 | -89,920,000 | -99,963,000 | -232,157,000 | -51,545,000 | -92,428,000 | -59,125,000 | -114,120,000 | -11,384,000 | -35,281,000 | -52,258,000 | -115,329,000 | 17,384,000 | -11,711,000 | -38,607,000 | -46,371,000 | -29,548,000 | -21,058,000 | -39,205,000 | -46,935,000 | -2,470,000 | -2,845,000 | -51,675,000 | -29,448,000 | 11,230,000 | -13,483,000 | -30,969,000 | -33,624,000 | 10,107,000 | 3,769,000 | -31,960,000 | -29,461,000 | 19,254,000 | -6,668,000 | -6,281,000 | -31,670,000 | 13,034,000 | 164,000 | -11,541,000 | -34,171,000 | 19,861,000 | -12,805,000 | -3,599,000 | -36,989,000 | 17,319,000 | 1,578,000 | -27,431,000 | -20,083,000 | 12,726,000 | -674,000 | -11,427,000 | -14,641,000 | 3,640,000 | -27,090,000 | -14,125,000 | -6,656,000 | 16,247,000 | -16,252,000 | -1,145,000 | -6,425,000 | 8,425,000 | -9,577,000 | 3,700,000 |
client payables | -191,283,000 | -94,477,000 | 45,235,000 | 146,620,000 | -140,475,000 | 75,152,000 | -522,617,000 | 220,429,000 | 266,621,000 | -89,114,000 | -43,952,000 | -562,308,000 | -580,931,000 | 1,777,486,000 | -69,651,000 | -144,199,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
payables to brokers, dealers and clearing organizations | 157,157,000 | -77,865,000 | 21,558,000 | 122,807,000 | -81,866,000 | -1,340,000 | 21,975,000 | 27,082,000 | 64,640,000 | -57,288,000 | 43,279,000 | -35,046,000 | -20,733,000 | 13,576,000 | 5,672,000 | -20,882,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accrued advisory and commission expenses payable | 8,551,000 | 37,410,000 | -223,000 | -20,159,000 | 38,359,000 | 12,511,000 | 8,286,000 | 15,543,000 | 7,713,000 | 514,000 | 12,707,000 | -9,513,000 | 8,812,000 | -5,211,000 | -11,193,000 | -11,495,000 | -2,060,000 | 9,331,000 | 14,496,000 | 8,004,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -72,593,000 | 143,196,000 | 74,425,000 | -106,819,000 | 63,184,000 | 18,338,000 | 70,584,000 | -115,129,000 | 79,513,000 | 13,357,000 | 28,397,000 | -90,011,000 | -77,826,000 | 56,677,000 | 89,055,000 | -17,242,000 | -77,505,000 | 67,794,000 | 42,730,000 | -20,629,000 | 56,457,000 | 47,004,000 | 20,823,000 | -27,763,000 | 54,612,000 | 39,143,000 | 20,437,000 | -26,982,000 | 24,599,000 | 21,284,000 | 5,281,000 | -7,177,000 | 49,165,000 | 16,427,000 | 20,563,000 | -19,751,000 | 13,417,000 | 10,326,000 | 26,803,000 | -17,034,000 | 19,980,000 | 3,234,000 | 12,997,000 | 3,475,000 | 1,058,000 | 25,197,000 | 18,924,000 | -55,701,000 | 34,430,000 | 11,349,000 | 18,082,000 | -15,734,000 | 17,106,000 | 6,963,000 | 29,950,000 | -33,276,000 | 4,509,000 | 2,453,000 | 4,572,000 | -31,288,000 | 9,781,000 | 5,465,000 | -9,685,000 | 9,718,000 |
other liabilities | 223,684,000 | -729,173,000 | -107,884,000 | 148,757,000 | 167,351,000 | 13,548,000 | 1,040,000 | 154,473,000 | -265,651,000 | 151,152,000 | 74,206,000 | 158,098,000 | 254,783,000 | -6,669,000 | -106,678,000 | 41,945,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
operating leases | -4,201,000 | -1,368,000 | -179,000 | 540,000 | -265,000 | -799,000 | -636,000 | -343,000 | -548,000 | -548,000 | -500,000 | -371,000 | -504,000 | -394,000 | -294,000 | -254,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 290,400,000 | -1,729,525,000 | 193,300,000 | 339,810,000 | -178,778,000 | 209,335,000 | -178,869,000 | 425,901,000 | 142,548,000 | -205,920,000 | -176,575,000 | 2,124,588,000 | 72,681,000 | -75,117,000 | 253,464,000 | 258,404,000 | -119,144,000 | 60,410,000 | 326,274,000 | 125,519,000 | -43,028,000 | 381,176,000 | 114,102,000 | 564,174,000 | -89,638,000 | 35,233,000 | 385,517,000 | 135,935,000 | 82,459,000 | -22,331,000 | 309,177,000 | -204,393,000 | 244,159,000 | 94,836,000 | 12,752,000 | 107,448,000 | 35,672,000 | 118,965,000 | 49,022,000 | -47,277,000 | 132,063,000 | 145,643,000 | 7,991,000 | 107,770,000 | 30,694,000 | 85,787,000 | 18,210,000 | 146,251,000 | -11,626,000 | 7,282,000 | 152,841,000 | 45,314,000 | 84,180,000 | -28,067,000 | 78,632,000 | 14,030,000 | 160,259,000 | 189,457,000 | -130,735,000 | 54,797,000 | ||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -165,763,000 | -142,238,000 | -136,989,000 | -119,468,000 | -165,523,000 | -147,062,000 | -128,922,000 | -121,024,000 | -105,851,000 | -101,252,000 | -74,421,000 | -82,370,000 | -76,260,000 | -73,545,000 | -76,025,000 | -54,986,000 | -43,867,000 | -41,109,000 | -43,571,000 | -40,052,000 | -37,936,000 | -33,973,000 | -52,139,000 | -40,746,000 | -33,172,000 | -30,332,000 | -47,490,000 | -36,416,000 | -25,848,000 | -22,934,000 | -26,313,000 | -26,699,000 | -28,187,000 | -30,711,000 | -30,198,000 | -40,906,000 | -36,433,000 | -20,109,000 | -21,012,000 | -19,677,000 | -17,958,000 | -13,918,000 | -19,818,000 | -23,907,000 | -22,911,000 | -23,012,000 | -37,452,000 | -8,626,000 | -18,423,000 | -13,738,000 | -22,252,000 | -13,741,000 | -14,523,000 | -4,270,000 | -12,008,000 | -11,839,000 | -9,208,000 | -3,292,000 | -12,161,000 | -7,282,000 | ||||
free cash flows | 124,637,000 | -1,871,763,000 | 56,311,000 | 220,342,000 | -344,301,000 | 62,273,000 | -307,791,000 | 304,877,000 | 36,697,000 | -307,172,000 | -250,996,000 | 2,042,218,000 | -3,579,000 | -148,662,000 | 177,439,000 | 203,418,000 | -163,011,000 | 19,301,000 | 282,703,000 | 85,467,000 | -80,964,000 | 347,203,000 | 61,963,000 | 523,428,000 | -122,810,000 | 4,901,000 | 338,027,000 | 99,519,000 | 56,611,000 | -45,265,000 | 282,864,000 | -231,092,000 | 215,972,000 | 64,125,000 | -17,446,000 | 66,542,000 | -761,000 | 98,856,000 | 28,010,000 | -66,954,000 | 114,105,000 | 131,725,000 | -11,827,000 | 83,863,000 | 7,783,000 | 62,775,000 | -19,242,000 | 137,625,000 | -30,049,000 | -6,456,000 | 130,589,000 | 31,573,000 | 69,657,000 | -32,337,000 | 66,624,000 | 2,191,000 | 151,051,000 | 186,165,000 | -142,896,000 | 47,515,000 | ||||
acquisitions, net of cash acquired | -131,395,000 | -1,539,948,000 | -111,878,000 | -78,251,000 | -860,811,000 | -34,166,000 | -115,073,000 | -10,171,000 | -92,891,000 | -60,264,000 | -48,982,000 | -251,338,000 | -21,276,000 | -15,269,000 | -4,309,000 | 1,403,000 | -11,657,000 | -969,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of securities classified as held-to-maturity | -1,248,000 | -1,255,000 | -1,242,000 | -1,256,000 | 0 | -1,204,000 | 0 | -2,283,000 | 0 | -6,017,000 | -2,485,000 | -2,434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of securities classified as held-to-maturity | 1,250,000 | 1,350,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,750,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
purchases of other investments | -12,064,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized interest | -2,301,000 | -1,465,000 | -1,610,000 | -1,434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -311,521,000 | -1,683,556,000 | -250,469,000 | -199,159,000 | -1,034,695,000 | -181,182,000 | -246,310,000 | -129,945,000 | -201,692,000 | -156,337,000 | -151,317,000 | -350,840,000 | -98,749,000 | -105,514,000 | -97,408,000 | -74,729,000 | -79,084,000 | -54,074,000 | -285,624,000 | -39,859,000 | -55,407,000 | -57,601,000 | -37,975,000 | -36,516,000 | -51,858,000 | -66,887,000 | -31,922,000 | -30,320,000 | -75,400,000 | -36,404,000 | -28,265,000 | -21,684,000 | -24,136,000 | -351,699,000 | -32,896,000 | -28,961,000 | -29,261,000 | -39,907,000 | -39,454,000 | -16,664,000 | 210,000 | -17,209,000 | -27,424,000 | -30,525,000 | -13,018,000 | -38,888,000 | -21,346,000 | -19,880,000 | -34,040,000 | -7,613,000 | -16,923,000 | -16,233,000 | -24,045,000 | -7,886,000 | -57,968,000 | -1,770,000 | -19,284,000 | -9,964,000 | -30,733,000 | -5,577,000 | -26,916,000 | -9,555,000 | ||
continued on following page | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lpl financial holdings inc. and subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
condensed consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facilities | 295,000,000 | 544,000,000 | 0 | 69,000,000 | 1,150,000,000 | 0 | 35,000,000 | 245,000,000 | 972,000,000 | 139,000,000 | 472,000,000 | 135,000,000 | 350,000,000 | 0 | 200,000,000 | 265,000,000 | 890,000,000 | 0 | 470,000,000 | 225,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
repayments of revolving credit facilities | -374,000,000 | -200,000,000 | 0 | -1,116,000,000 | -103,000,000 | 0 | -436,000,000 | -124,000,000 | -1,104,000,000 | -14,000,000 | -350,000,000 | 0 | -200,000,000 | -355,000,000 | -800,000,000 | 0 | -470,000,000 | -225,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured notes | 0 | 1,497,095,000 | 1,247,835,000 | 0 | 0 | 0 | 0 | 400,000,000 | 900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | -12,219,000 | -18,817,000 | -573,000 | 0 | -6,292,000 | 0 | 0 | 0 | -3,779,000 | -12,150,000 | -1,122,000 | -6,128,000 | -2,612,000 | -13,936,000 | 0 | 0 | 0 | 0 | -4,431,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | -10,078,000 | -1,688,000 | -25,958,000 | -7,249,000 | 0 | -1,500,000 | -1,676,000 | -46,887,000 | 0 | -1,643,000 | -3,653,000 | -3,645,000 | 0 | 0 | 0 | -3,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
tax payments related to settlement of restricted stock units | -19,210,000 | -1,647,000 | -1,475,000 | -29,526,000 | -835,000 | -1,135,000 | -1,589,000 | -37,729,000 | -589,000 | -820,000 | -1,994,000 | -36,602,000 | -467,000 | -1,331,000 | -2,397,000 | -20,962,000 | -1,325,000 | -1,422,000 | -1,453,000 | -16,030,000 | -307,000 | -741,000 | -197,000 | -3,598,000 | -306,000 | -414,000 | -214,000 | -2,527,000 | -143,000 | -216,000 | -151,000 | -731,000 | -151,000 | -1,019,000 | -96,000 | -1,752,000 | -195,000 | -74,000 | -15,000 | -584,000 | ||||||||||||||||||||||||
repurchase of common stock | 0 | 240,000 | -100,244,000 | -100,091,000 | 0 | 0 | -70,005,000 | -225,020,000 | -250,022,000 | -350,035,000 | -275,024,000 | -150,013,000 | -75,007,000 | -50,005,000 | -50,006,000 | -50,006,000 | -117,800,000 | -130,485,000 | -115,812,000 | -53,794,000 | -30,007,000 | -25,011,000 | -40,420,000 | -18,290,000 | 0 | 0 | 0 | -25,013,000 | -250,000,000 | -25,011,000 | -85,810,000 | -30,014,000 | -125,058,000 | -25,011,000 | -25,010,000 | -100,000,000 | -43,369,000 | -124,747,000 | -46,054,000 | -4,921,000 | -91,597,000 | -51,630,000 | -18,408,000 | -37,486,000 | ||||||||||||||||||||
dividends on common stock | -24,055,000 | -24,005,000 | -23,998,000 | -22,392,000 | -22,459,000 | -22,435,000 | -22,422,000 | -22,411,000 | -22,628,000 | -22,839,000 | -23,139,000 | -23,584,000 | -19,888,000 | -19,950,000 | -19,982,000 | -20,013,000 | -20,027,000 | -20,057,000 | -20,031,000 | -19,980,000 | -21,513,000 | -21,941,000 | -22,345,000 | -22,561,000 | -22,508,000 | -22,517,000 | -22,628,000 | -22,620,000 | -22,308,000 | -22,269,000 | -22,261,000 | -22,243,000 | -23,758,000 | -23,782,000 | -24,118,000 | -24,156,000 | -23,512,000 | -23,995,000 | -24,012,000 | -24,097,000 | -19,336,000 | -19,909,000 | -14,389,000 | -14,374,000 | -13,010,000 | -13,242,000 | ||||||||||||||||||
proceeds from stock option exercises and other | 5,019,000 | 4,282,000 | 5,074,000 | 7,522,000 | 11,051,000 | 3,701,000 | 5,028,000 | 8,948,000 | 5,061,000 | 3,771,000 | 4,733,000 | 5,100,000 | 6,428,000 | 7,360,000 | 6,575,000 | 8,367,000 | 7,209,000 | 9,651,000 | 11,234,000 | 13,880,000 | 8,290,000 | 3,778,000 | 10,156,000 | 29,314,000 | 6,529,000 | 29,208,000 | 7,147,000 | 41,521,000 | 3,969,000 | 951,000 | 1,010,000 | 935,000 | 9,130,000 | 4,158,000 | 15,022,000 | 4,720,000 | 3,196,000 | 3,002,000 | 8,272,000 | 14,060,000 | 6,836,000 | 9,890,000 | 11,191,000 | 7,108,000 | ||||||||||||||||||||
principal payment of financing obligation | -348,000 | -337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payment of finance leases and obligations | 0 | -53,000 | -156,000 | -95,000 | -69,000 | -90,000 | -88,000 | -52,000 | -25,000 | -48,000 | -70,000 | -11,000 | -107,000 | -133,000 | -157,000 | -78,000 | -93,000 | -154,000 | -1,031,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -127,672,000 | 320,605,000 | 3,115,705,000 | 29,973,000 | 934,823,000 | -24,113,000 | 556,569,000 | -49,847,000 | 365,273,000 | -154,792,000 | -221,158,000 | -197,855,000 | -166,626,000 | -93,582,000 | -68,617,000 | -175,446,000 | 23,098,000 | -56,244,000 | 379,489,000 | -67,506,000 | -139,061,000 | -141,426,000 | -153,652,000 | -132,454,000 | -55,831,000 | -51,866,000 | 188,920,000 | -63,423,000 | -16,291,000 | -23,146,000 | -25,943,000 | -25,820,000 | -51,462,000 | 265,261,000 | -72,798,000 | -42,013,000 | -42,756,000 | -42,135,000 | -47,964,000 | -41,077,000 | -112,186,000 | -53,326,000 | -137,769,000 | 177,388,000 | -21,278,000 | -108,506,000 | -72,513,000 | -233,974,000 | -2,117,000 | -1,765,000 | -22,348,000 | -44,639,000 | -6,504,000 | 134,312,000 | -5,436,000 | -67,590,000 | 41,434,000 | |||||||
net increase in cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash | -148,793,000 | -3,092,476,000 | 3,058,536,000 | 170,624,000 | -278,650,000 | 4,040,000 | 131,390,000 | 246,109,000 | 306,129,000 | -441,950,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash — beginning of period | 3,054,740,000 | 0 | 0 | 2,684,052,000 | 0 | 0 | 2,581,163,000 | 0 | 0 | 3,137,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash — end of period | 2,905,947,000 | -3,092,476,000 | 3,058,536,000 | 2,854,676,000 | 4,040,000 | 131,390,000 | 2,827,272,000 | -137,959,000 | 30,338,000 | 2,382,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 72,294,000 | 79,351,000 | 105,435,000 | 53,561,000 | 106,693,000 | 43,555,000 | 74,561,000 | 43,542,000 | 57,022,000 | 50,328,000 | 44,130,000 | 39,870,000 | 32,442,000 | 32,446,000 | 29,510,000 | 24,426,000 | 26,017,000 | 26,061,000 | 17,882,000 | 33,729,000 | 17,160,000 | 33,610,000 | 18,267,000 | 37,842,000 | 15,049,000 | 45,730,000 | 20,614,000 | 45,556,000 | 18,566,000 | 44,450,000 | 18,936,000 | 41,671,000 | 15,397,000 | 34,623,000 | 18,893,000 | 23,737,000 | 23,174,000 | 22,822,000 | 22,375,000 | 23,973,000 | 12,605,000 | 13,052,000 | 17,282,000 | 8,175,000 | 12,711,000 | 12,904,000 | 12,926,000 | 13,047,000 | 13,279,000 | 13,654,000 | 12,763,000 | 12,016,000 | 12,595,000 | 12,718,000 | 13,597,000 | 15,973,000 | 15,688,000 | 16,619,000 | 18,184,000 | 18,178,000 | 18,894,000 | 19,558,000 | -7,639,000 | 62,075,000 |
income taxes paid | 12,261,000 | 11,232,000 | 293,980,000 | 8,992,000 | 18,754,000 | 103,468,000 | 188,832,000 | 9,205,000 | 446,862,000 | 13,858,000 | 64,835,000 | 10,404,000 | 81,095,000 | 64,333,000 | 87,602,000 | 5,125,000 | 11,131,000 | 32,831,000 | 95,493,000 | 5,101,000 | 44,127,000 | 105,291,000 | 12,891,000 | 6,928,000 | 44,036,000 | 52,182,000 | 110,486,000 | 6,635,000 | 32,961,000 | 37,785,000 | 47,905,000 | 3,564,000 | 36,043,000 | 45,051,000 | 54,222,000 | 3,884,000 | 27,912,000 | 27,618,000 | 59,449,000 | 7,930,000 | 18,934,000 | 35,617,000 | 67,833,000 | 9,449,000 | 29,510,000 | 25,950,000 | 74,324,000 | 9,531,000 | 22,584,000 | 34,533,000 | 61,919,000 | 4,547,000 | 25,289,000 | 19,206,000 | 16,950,000 | 815,000 | 16,272,000 | 14,509,000 | 29,391,000 | 479,000 | 583,000 | 6,603,000 | 16,780,000 | 39,421,000 |
cash paid for amounts included in the measurement of operating lease liabilities | 9,519,000 | 13,579,000 | 9,333,000 | 8,263,000 | 8,887,000 | 8,566,000 | 7,229,000 | 7,055,000 | 6,981,000 | 6,952,000 | 7,345,000 | 6,436,000 | 6,336,000 | 6,269,000 | 6,139,000 | 5,913,000 | 5,810,000 | 5,635,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for amounts included in the measurement of finance lease liabilities | -4,000 | 55,000 | 158,000 | 2,201,000 | 2,175,000 | 2,176,000 | 2,175,000 | 2,163,000 | 2,138,000 | 2,138,000 | 2,138,000 | 2,126,000 | 2,222,000 | 2,249,000 | 2,228,000 | 2,196,000 | 2,211,000 | |||||||||||||||||||||||||||||||||||||||||||||||
noncash disclosures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures included in accounts payable and accrued liabilities | 40,840,000 | 8,237,000 | -1,305,000 | 35,127,000 | -13,183,000 | 6,312,000 | 18,683,000 | 24,448,000 | 11,098,000 | 1,606,000 | -10,436,000 | 23,753,000 | 7,957,000 | -5,969,000 | 12,205,000 | 19,764,000 | -1,354,000 | 6,714,000 | 4,478,000 | 11,535,000 | -4,280,000 | 135,000 | 1,300,000 | 15,031,000 | -933,000 | 235,000 | 1,455,000 | 12,979,000 | -6,269,000 | -1,087,000 | 16,125,000 | 11,865,000 | 3,816,000 | 856,000 | -2,536,000 | 13,960,000 | 3,408,000 | 5,637,000 | 6,481,000 | 8,813,000 | 3,619,000 | 761,000 | 547,000 | 6,535,000 | ||||||||||||||||||||
lease assets obtained in exchange for operating lease liabilities | 32,423,000 | 4,720,000 | 5,177,000 | 25,058,000 | 11,152,000 | 17,079,000 | 5,400,000 | 3,484,000 | 2,915,000 | 4,194,000 | 8,708,000 | 1,700,000 | 1,701,000 | 1,247,000 | 1,154,000 | 4,521,000 | 0 | 0 | 3,447,000 | 340,000 | 0 | 0 | 108,539,000 | |||||||||||||||||||||||||||||||||||||||||
prefunded acquisition | 0 | 0 | 70,202,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration and other liabilities recognized at acquisition date | 16,755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents | 1,024,459,000 | -2,841,830,000 | 2,956,156,000 | 1,229,181,000 | -507,875,000 | 156,060,000 | 216,624,000 | 1,102,270,000 | -333,538,000 | 38,022,000 | 291,402,000 | 469,785,000 | -371,899,000 | 519,023,000 | -309,298,000 | 1,009,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents segregated under federal or other regulations | 1,655,723,000 | -362,200,000 | 98,163,000 | 1,513,037,000 | 214,382,000 | -147,283,000 | -80,846,000 | 1,610,996,000 | 637,204,000 | -177,957,000 | -259,218,000 | 1,807,283,000 | -68,728,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 225,765,000 | 111,554,000 | 4,217,000 | 112,458,000 | 14,843,000 | -4,737,000 | -4,388,000 | 114,006,000 | 2,463,000 | 1,976,000 | -1,846,000 | 105,587,000 | -1,323,000 | 1,879,000 | -2,560,000 | 92,393,000 | -4,726,000 | 6,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash shown in the statements of cash flows | 2,905,947,000 | -3,092,476,000 | 3,058,536,000 | 2,854,676,000 | -278,650,000 | 4,040,000 | 131,390,000 | 2,827,272,000 | 306,129,000 | -137,959,000 | 30,338,000 | 2,382,655,000 | -441,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior secured term loans | -1,019,175,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -2,675,000 | -3,750,000 | -3,750,000 | -3,750,000 | -3,750,000 | -3,750,000 | -200,000,000 | -4,250,000 | -2,197,360,000 | -4,420,000 | -4,419,000 | -4,419,000 | -4,419,000 | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of equity issuance costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration liabilities recognized at acquisition date | -9,374,000 | 129,000 | 44,905,000 | 2,598,000 | 20,462,000 | 19,918,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred provision for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on deferred compensation plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease assets | -805,000 | -731,000 | -803,000 | -813,000 | -765,000 | -774,000 | -901,000 | -265,000 | -634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured term loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash — end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 24,400,000 | 0 | 1,268,000 | 0 | 21,139,000 | 0 | 0 | 0 | 0 | 0 | 16,524,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior unsecured notes | 0 | 0 | 0 | -900,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
make-whole premium on redemption of senior unsecured notes | 0 | 0 | 0 | -25,875,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from in operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and equivalents, cash and equivalents segregated under federal or other regulations and restricted cash | 30,338,000 | -754,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | -50,000 | -86,000 | -219,000 | 18,841,000 | -125,000 | -119,000 | -133,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of other investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash items: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and equivalents, cash segregated under federal or other regulations and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, cash segregated under federal or other regulations and restricted cash — beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, cash segregated under federal or other regulations and restricted cash — end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash segregated under federal or other regulations | 218,514,000 | 644,986,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and equivalents, cash segregated under federal or other regulations and restricted cash shown in the statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and equivalents and restricted cash | -325,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents and restricted cash — beginning of period | 2,072,364,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents and restricted cash — end of period | 1,747,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and equivalents and restricted cash shown in the statements of cash flows | 1,747,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents and restricted cash — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents and restricted cash — end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment obtained in exchange for finance lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and equivalents and restricted cash shown in the consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 21,531,000 | 19,925,000 | 17,431,000 | 17,270,000 | 16,829,000 | 16,689,000 | 16,570,000 | 16,631,000 | 16,286,000 | 16,249,000 | 16,168,000 | 15,672,000 | 15,676,000 | 15,682,000 | 13,222,000 | 9,997,000 | 9,352,000 | 9,453,000 | 9,491,000 | 9,499,000 | 9,502,000 | 9,509,000 | 9,525,000 | |||||||||||||||||||||||||||||||||||||||||
provision for bad debts | 2,740,000 | 1,380,000 | 1,977,000 | 1,631,000 | 12,000 | 1,490,000 | 2,691,000 | 975,000 | 2,191,000 | 283,000 | 3,249,000 | 778,000 | 2,068,000 | 1,559,000 | 1,708,000 | -204,000 | 660,000 | 1,500,000 | 833,000 | 1,172,000 | 723,000 | 1,286,000 | 876,000 | 910,000 | 363,000 | 800,000 | 469,000 | 308,000 | 1,264,000 | 530,000 | 330,000 | 110,000 | 1,336,000 | 949,000 | -374,000 | -62,000 | 733,000 | 362,000 | 126,000 | 2,722,000 | 312,000 | 478,000 | 321,000 | -2,061,000 | 1,115,000 | 2,296,000 | 271,000 | |||||||||||||||||
receivables from product sponsors, broker-dealers and clearing organizations | 17,447,000 | -34,232,000 | -7,273,000 | -27,684,000 | -27,756,000 | 4,757,000 | 969,000 | -5,098,000 | -27,221,000 | 27,950,000 | -21,488,000 | 17,479,000 | 11,594,000 | -28,705,000 | -17,508,000 | -3,793,000 | 29,374,000 | -17,530,000 | 21,967,000 | -5,115,000 | 15,079,000 | 27,908,000 | -18,980,000 | -14,144,000 | ||||||||||||||||||||||||||||||||||||||||
receivables from others | -82,093,000 | -13,127,000 | -45,002,000 | 380,000 | 8,025,000 | 36,594,000 | -56,089,000 | -29,794,000 | -4,684,000 | 4,908,000 | -22,795,000 | -10,517,000 | 4,517,000 | 2,408,000 | -17,302,000 | -14,515,000 | 2,098,000 | -17,440,000 | -2,761,000 | 1,877,000 | -8,332,000 | -3,179,000 | -2,832,000 | 13,350,000 | -18,588,000 | -7,212,000 | -35,723,000 | -18,420,000 | -13,422,000 | 1,583,000 | -19,356,000 | -39,248,000 | -6,345,000 | 19,044,000 | -27,171,000 | -30,882,000 | -11,436,000 | -4,744,000 | -6,062,000 | -1,641,000 | -2,233,000 | -4,198,000 | -14,477,000 | -9,312,000 | -14,189,000 | |||||||||||||||||||
securities owned | -2,028,000 | 18,546,000 | -18,399,000 | -811,000 | 7,212,000 | -5,550,000 | 15,221,000 | -14,046,000 | -3,435,000 | -1,781,000 | 2,414,000 | 1,705,000 | -7,808,000 | -7,996,000 | 358,000 | -3,929,000 | 1,116,000 | -556,000 | -1,907,000 | 149,000 | -778,000 | 1,189,000 | 275,000 | 3,907,000 | -5,003,000 | 4,115,000 | -2,875,000 | -639,000 | -2,070,000 | 1,664,000 | -3,593,000 | 225,000 | -284,000 | -1,814,000 | 725,000 | -688,000 | -59,000 | -546,000 | -28,000 | 1,924,000 | 1,465,000 | -272,000 | 41,000 | 9,581,000 | -34,000 | |||||||||||||||||||
securities borrowed | 3,177,000 | 170,000 | 16,565,000 | -6,620,000 | -12,566,000 | 4,983,000 | 1,757,000 | -7,453,000 | -2,985,000 | -4,576,000 | 2,159,000 | 1,445,000 | -1,283,000 | 1,672,000 | 5,826,000 | 4,166,000 | 964,000 | 584,000 | -12,644,000 | 4,888,000 | 3,696,000 | -6,678,000 | -1,464,000 | 487,000 | -885,000 | 2,290,000 | -2,858,000 | 3,292,000 | 1,223,000 | -1,286,000 | -1,162,000 | 3,514,000 | -3,060,000 | 202,000 | 1,690,000 | 591,000 | 89,000 | 1,849,000 | -4,087,000 | 2,557,000 | 1,103,000 | 249,000 | -3,408,000 | -2,659,000 | -4,079,000 | |||||||||||||||||||
drafts payable | 36,220,000 | 2,834,000 | -27,006,000 | 1,487,000 | -29,168,000 | 56,252,000 | -68,804,000 | 77,213,000 | -42,938,000 | -1,755,000 | -38,918,000 | 29,691,000 | 41,161,000 | 17,246,000 | -48,993,000 | 32,563,000 | 3,265,000 | -7,125,000 | -41,613,000 | 37,396,000 | 3,926,000 | -24,942,000 | -6,623,000 | 44,776,000 | 10,728,000 | -36,633,000 | -9,887,000 | 45,004,000 | -17,069,000 | -28,484,000 | -14,323,000 | 16,820,000 | 22,638,000 | 17,892,000 | -65,511,000 | 37,121,000 | 16,081,000 | -7,420,000 | -30,225,000 | 50,281,000 | -493,000 | -27,724,000 | -16,978,000 | 37,820,000 | 12,431,000 | 3,739,000 | 2,732,000 | |||||||||||||||||
payables to clients | 90,493,000 | 34,697,000 | -61,419,000 | 203,069,000 | 118,569,000 | -294,437,000 | 270,009,000 | -60,702,000 | 359,455,000 | -18,782,000 | -172,044,000 | 146,148,000 | 46,662,000 | -159,370,000 | -45,385,000 | 195,641,000 | -9,970,000 | 6,644,000 | -93,189,000 | 148,476,000 | -53,596,000 | -20,658,000 | 42,122,000 | 188,881,000 | -59,223,000 | -12,173,000 | -22,778,000 | 87,493,000 | 17,656,000 | -17,084,000 | -555,000 | 27,121,000 | 50,285,000 | -94,893,000 | -166,814,000 | 343,483,000 | 1,162,000 | -7,147,000 | -44,712,000 | 77,977,000 | -36,066,000 | -2,758,000 | 34,277,000 | -24,956,000 | -9,558,000 | |||||||||||||||||||
payables to broker-dealers and clearing organizations | 39,103,000 | -16,474,000 | 35,820,000 | 5,338,000 | -3,301,000 | -30,154,000 | 25,858,000 | 6,661,000 | 27,676,000 | -76,710,000 | 58,195,000 | 21,820,000 | -8,716,000 | 921,000 | 7,893,000 | 1,023,000 | 570,000 | -4,471,000 | -5,892,000 | 11,142,000 | -7,291,000 | 20,770,000 | -9,621,000 | 4,501,000 | 4,579,000 | -5,706,000 | -769,000 | 7,112,000 | 6,481,000 | 1,210,000 | -12,533,000 | 20,114,000 | -341,000 | -30,787,000 | 1,140,000 | 15,232,000 | 2,146,000 | 6,335,000 | -5,437,000 | -15,269,000 | 12,885,000 | -25,464,000 | 23,533,000 | 12,650,000 | 1,539,000 | |||||||||||||||||||
income taxes receivable/payable | 2,365,000 | -52,828,000 | 30,401,000 | 13,526,000 | -73,757,000 | 23,094,000 | 45,153,000 | 12,983,000 | -6,074,000 | -61,520,000 | 41,750,000 | 10,460,000 | 3,067,000 | -3,962,000 | 22,956,000 | -10,971,000 | -6,496,000 | -9,885,000 | 23,214,000 | 6,956,000 | -11,168,000 | -27,103,000 | 27,307,000 | 27,440,000 | -7,450,000 | -33,964,000 | 26,548,000 | 26,468,000 | -3,767,000 | -43,309,000 | 24,889,000 | 16,812,000 | -12,252,000 | -29,319,000 | 39,675,000 | -155,000 | 6,738,000 | 3,924,000 | 36,668,000 | 9,307,000 | 11,402,000 | 99,236,000 | 82,592,000 | |||||||||||||||||||||
unearned revenue | 32,732,000 | 11,025,000 | 27,824,000 | -4,651,000 | -683,000 | -9,043,000 | 26,578,000 | -2,161,000 | -9,576,000 | -4,456,000 | 18,511,000 | -2,022,000 | -8,457,000 | -5,407,000 | 24,188,000 | -1,329,000 | -7,082,000 | 1,221,000 | 16,627,000 | -10,174,000 | -5,590,000 | 1,823,000 | 11,246,000 | -6,367,000 | -11,144,000 | 2,729,000 | 15,780,000 | -4,335,000 | -2,183,000 | -8,317,000 | 5,578,000 | 10,265,000 | -2,026,000 | -3,010,000 | 6,702,000 | 4,936,000 | -1,906,000 | -6,773,000 | 6,014,000 | 3,088,000 | -7,629,000 | 3,650,000 | 6,810,000 | 6,272,000 | ||||||||||||||||||||
securities sold, but not yet purchased | -1,228,000 | 82,000 | 1,110,000 | -131,000 | 266,000 | -224,000 | 119,000 | -30,000 | 124,000 | 16,000 | -103,000 | -163,000 | 254,000 | -256,000 | -848,000 | 1,047,000 | 36,000 | -91,000 | 7,000 | 97,000 | -45,000 | -148,000 | 11,000 | 41,000 | -1,509,000 | 1,658,000 | -225,000 | 284,000 | -62,000 | -456,000 | 325,000 | -107,000 | 86,000 | 67,000 | -201,000 | -59,731,000 | 181,000 | |||||||||||||||||||||||||||
purchase of securities classified as held-to-maturity | -1,429,000 | 0 | -1,289,000 | -3,793,000 | 0 | -2,507,000 | 0 | -1,238,000 | -1,232,000 | -1,238,000 | 0 | -1,248,000 | 0 | 0 | 0 | -3,096,000 | 0 | -1,506,000 | -749,000 | -100,000 | 0 | 0 | -2,495,000 | -4,296,000 | -899,000 | -3,051,000 | -852,000 | -1,015,000 | -2,767,000 | 0 | -3,384,000 | |||||||||||||||||||||||||||||||||
proceeds from maturity of securities classified as held-to-maturity | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,350,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 0 | 1,250,000 | 0 | 1,750,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 850,000 | 750,000 | 750,000 | 1,500,000 | 750,000 | 1,500,000 | 2,000,000 | 0 | 1,900,000 | 3,000,000 | 1,000,000 | 1,750,000 | 3,350,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,350,000 | 1,000,000 | 650,000 | 1,000,000 | 1,850,000 | |||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 148,086,000 | -25,279,000 | -46,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — beginning of period | 0 | 0 | 1,799,034,000 | 0 | 0 | 1,625,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — end of period | 148,086,000 | -25,279,000 | 1,752,079,000 | 53,507,000 | -213,887,000 | 1,703,595,000 | 347,351,000 | -266,639,000 | 1,427,971,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 71,069,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash segregated under federal and other regulations | 70,284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash shown in the statement of cash flows | 148,086,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior secured term loans and senior notes | 414,234,000 | 0 | 2,197,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets obtained in exchange for finance lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax provision | 6,000 | -233,000 | -89,000 | 84,000 | 18,000 | -10,000 | -358,000 | -4,000 | -125,000 | -25,000 | -29,000 | -14,000 | -61,000 | -59,000 | -74,000 | -197,000 | 643,000 | -1,800,000 | -207,000 | -19,093,000 | 1,732,000 | -3,198,000 | -8,384,000 | 78,000 | -6,056,000 | 6,061,000 | -12,302,000 | -2,479,000 | -1,000 | -443,000 | -5,509,000 | 1,092,000 | -5,192,000 | |||||||||||||||||||||||||||||||
accrued commission and advisory expenses payable | 12,658,000 | 7,260,000 | -18,970,000 | 12,226,000 | 7,750,000 | -2,143,000 | -9,371,000 | -3,965,000 | 9,637,000 | 7,398,000 | 4,046,000 | 13,963,000 | 4,329,000 | 7,261,000 | -6,934,000 | -773,000 | 3,306,000 | 6,348,000 | -9,917,000 | -3,170,000 | -1,682,000 | 3,035,000 | -15,175,000 | 3,480,000 | 6,797,000 | 10,987,000 | -9,909,000 | 6,548,000 | -1,794,000 | 5,474,000 | -3,538,000 | |||||||||||||||||||||||||||||||||
lpl financial holdings inc. and subsidiariescondensed consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from product sponsors, broker-dealers, and clearing organizations | -41,036,000 | -6,503,000 | 8,854,000 | -19,409,000 | 9,878,000 | 47,094,000 | -25,790,000 | 28,636,000 | -20,526,000 | -16,631,000 | -12,889,000 | -2,968,000 | 11,403,000 | 1,619,000 | 22,608,000 | -31,309,000 | -6,817,000 | 9,727,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of fixed assets | 0 | 0 | 0 | 6,064,000 | 59,000 | 1,000,000 | 41,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
national planning holdings acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance and capital lease obligations | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount on proceeds from senior secured credit facilities recorded as debt issuance costs | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -54,121,000 | -78,260,000 | -99,846,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pending settlement of treasury stock purchases | 999,000 | 7,003,000 | 4,202,000 | 1,801,000 | -2,908,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance cost included in accounts payable and accrued liabilities | 8,000 | 600,000 | -2,301,000 | 3,091,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits related to share-based compensation | -45,000 | -10,000 | -1,000 | -9,000 | -1,390,000 | -565,000 | -699,000 | -1,156,000 | -1,019,000 | -824,000 | -2,398,000 | -4,444,000 | -5,253,000 | 294,000 | -579,000 | -1,634,000 | -3,543,000 | -1,349,000 | -10,740,000 | -37,664,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of goodwill and other intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of leasehold financing and capital lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
national planning holdings acquisition payment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of leasehold financing obligation | -513,000 | -506,000 | -1,442,000 | -452,000 | -446,000 | -439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash— end of period | -54,121,000 | -78,260,000 | 1,525,809,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount on proceeds from senior secured credit facilities recorded as debt issuance cost | 2,400,000 | 0 | 2,640,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and securities segregated under federal and other regulations | -9,148,000 | -220,680,000 | 148,659,000 | 85,557,000 | -171,105,000 | 50,265,000 | 39,079,000 | -15,119,000 | -200,617,000 | -70,847,000 | 116,475,000 | 52,580,000 | -150,423,000 | -10,282,000 | 53,087,000 | 51,039,000 | -84,308,000 | 12,075,000 | -40,185,000 | 177,500,000 | -183,850,000 | -71,646,000 | 18,507,000 | 42,461,000 | -115,060,000 | -41,957,000 | 53,838,000 | 93,908,000 | -129,685,000 | 13,301,000 | 3,938,000 | 27,420,000 | ||||||||||||||||||||||||||||||||
deposit of restricted cash related to captive insurance subsidiary | -6,628,000 | -4,691,000 | -4,689,000 | -4,688,000 | -4,689,000 | -5,314,000 | -5,340,000 | -5,285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of restricted cash related to captive insurance subsidiary | 1,165,000 | 2,202,000 | 2,584,000 | 6,741,000 | 544,000 | 1,643,000 | 1,507,000 | 713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits of restricted cash | -2,000 | 20,712,000 | 4,214,000 | -10,768,000 | -15,908,000 | 1,370,000 | 0 | 0 | 3,000 | 9,897,000 | -4,754,000 | 0 | -2,540,000 | -500,000 | -20,000,000 | -1,105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
release of restricted cash | 2,000 | -1,000 | -1,000 | 1,445,000 | -500,000 | 500,000 | 552,000 | 57,000 | 4,679,000 | 3,000 | 6,000 | 132,000 | 202,000 | 750,000 | 0 | 6,300,000 | 500,000 | 3,322,000 | 377,000 | 1,540,000 | 17,006,000 | 4,245,000 | 366,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from senior secured term loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 233,175,000 | -367,172,000 | 147,840,000 | 49,584,000 | -39,655,000 | 41,598,000 | -29,602,000 | 50,839,000 | -47,162,000 | 20,918,000 | -69,156,000 | 869,000 | 20,290,000 | -35,085,000 | -207,762,000 | -31,954,000 | 57,583,000 | -18,282,000 | 84,887,000 | 177,376,000 | -23,339,000 | 39,806,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | 0 | 0 | 747,709,000 | 0 | 0 | 724,529,000 | 0 | 0 | 412,332,000 | 0 | 0 | 516,584,000 | 0 | 0 | 466,261,000 | 0 | 0 | 720,772,000 | 0 | 0 | 419,208,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of period | -367,172,000 | 147,840,000 | 797,293,000 | 41,598,000 | -29,602,000 | 775,368,000 | -137,284,000 | 62,626,000 | 484,694,000 | 20,918,000 | -31,729,000 | 470,305,000 | 869,000 | 148,839,000 | 436,032,000 | -35,085,000 | -207,762,000 | 688,818,000 | -18,282,000 | 84,887,000 | 596,584,000 | 39,806,000 | ||||||||||||||||||||||||||||||||||||||||||
finance obligation related to real estate project | 14,353,000 | 16,824,000 | 14,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed assets acquired under build-to-suit lease | 0 | 0 | 0 | 8,114,000 | 13,891,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance obligation related to real estate projects | 16,758,000 | 16,845,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net changes in estimated fair value of contingent consideration obligations | 8,545,000 | 2,928,000 | 2,226,000 | -1,023,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
closure of nestwise | -15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit of restricted cash related to captive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of minority interest investments | 0 | -1,500,000 | 0 | -1,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from revolving credit facility | -25,000,000 | 55,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior secured credit facilities | -2,709,000 | -2,710,000 | -2,710,000 | -2,710,000 | -2,710,000 | -2,709,000 | -2,710,000 | -2,709,000 | -850,435,000 | -10,725,000 | -10,725,000 | -10,725,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -46,279,000 | -30,229,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase cash and cash equivalents | 62,626,000 | 72,362,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of fixed assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | 479,000 | 10,000 | 122,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior secured credit facilities | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 133,000 | 927,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease abandonment | 26,000 | 640,000 | 0 | 0 | 414,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on interest rate swaps, net of tax expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt amendment costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared but not yet paid | 220,590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in estimated fair value of contingent consideration obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of subordinated notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 41,334,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures purchased through short-term credit | 116,000 | 3,071,000 | -2,396,000 | 4,390,000 | 2,782,000 | -62,000 | -9,000 | 3,515,000 | 1,587,000 | 1,212,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in estimated fair value of contingent consideration obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued commissions and advisory fees payable | 9,756,000 | -7,835,000 | -3,912,000 | 399,000 | -2,020,000 | -1,069,000 | -18,003,000 | 9,400,000 | -223,000 | -10,022,000 | 21,213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions | -4,918,000 | -4,793,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock options and warrants exercised | 1,735,000 | 6,976,000 | 4,123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on interest rate swaps, net of tax expense | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior credit facilities | -1,332,668,000 | -3,493,000 | -3,492,000 | -3,493,000 | -43,493,000 | -3,493,000 | -3,493,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior credit facilities | 1,330,681,000 | 0 | 0 | 516,700,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in unrealized gain on interest rate swaps, net of tax expense | 409,000 | 437,000 | 464,000 | 1,420,000 | 1,325,000 | 1,378,000 | 725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount on proceeds from senior credit facilities recorded as debt issuance costs | 19,319,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold but not yet purchased | 5,000 | -3,905,000 | 1,516,000 | -2,276,000 | 2,141,000 | 89,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of equity investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of revolving line of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of stockholder loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from share-based compensation | -1,430,000 | -19,880,000 | -35,967,000 | 46,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred transaction costs | -1,994,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -22,061,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 1,775,000 | 5,950,000 | 1,022,000 | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of national retirement partners inc. | -16,674,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from bank loans payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefits received from retention plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of existing cash balance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment of) proceeds from revolving line of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of assets acquired | 264,939,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for common stock acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional consideration for post-closing payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for acquisitions | 68,552,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities assumed | 55,657,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 18,616,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the disposal of fixed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayment of revolving line of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans held for sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations of loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans | 70,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from customers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from product sponsors, broker-dealers, and clearing organizations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from others | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable to customers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable to broker-dealers and clearing organizations | 4,103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable/receivable | 4,788,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 34,555,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of other securities classified as held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of other securities classified as held-to-maturity | 3,004,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions net of existing cash balances of 52,215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from warehouse lines of credit | 68,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of warehouse lines of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 245,163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 203,912,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable recorded as a cummulative effect of change in accounting principle upon the adoption of fin 48 | -6,546,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued to satisfy accrued liability | 1,244,000 |