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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 697,946 $ 584,064 $ 558,877
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 406,114 366,927 314,096
Amortization and write-off of financing costs on extinguished debt 10,783 10,935 12,311
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (200,386) (201,362) (140,828)
Net realized and unrealized (gains) losses from investments (9,405) (4,688) 3,809
Gain on disposition of real estate held for investment   (9,901) (8,573)
Equity income from unconsolidated subsidiaries (210,207) (197,351) (162,849)
Provision for doubtful accounts 8,044 4,711 10,211
Deferred income taxes (8,989) (9,642) (14,935)
Compensation expense for equity awards 93,087 63,484 74,709
Proceeds from sale of mortgage loans 18,052,756 15,833,633 11,266,224
Origination of mortgage loans (17,655,104) (15,297,471) (12,488,511)
(Decrease) increase in warehouse lines of credit (343,887) (496,128) 1,249,596
Distribution of earnings from unconsolidated subsidiaries 27,945 29,031 36,630
Tenant concessions received 19,337 22,547 7,861
Purchase of trading securities (110,570) (87,765) (85,707)
Proceeds from sale of trading securities 68,547 105,866 78,798
Proceeds from securities sold, not yet purchased 13,320 17,932 16,014
Securities purchased to cover short sales (13,840) (19,017) (13,147)
Increase in receivables (483,712) (234,720) (230,307)
Increase in prepaid expenses and other assets (66,452) (93,192) (84,997)
Decrease (increase) in real estate held for sale and under development 8,399 (2,245) (16,003)
Increase in accounts payable and accrued expenses 171,346 2,235 177,567
Increase in compensation and employee benefits payable and accrued bonus and profit sharing 152,235 132,947 115,805
Decrease (increase) in income taxes receivable/payable 108,151 (6,334) 43,085
Increase (decrease) in other liabilities 1,787 (3,231) (15,543)
Other operating activities, net (26,740) (60,950) (52,296)
Net cash provided by operating activities 710,505 450,315 651,897
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (178,042) (191,205) (139,464)
Acquisition of Global Workplace Solutions (GWS), including net assets acquired, intangibles and goodwill, net of cash acquired   (10,477) (1,421,663)
Acquisition of businesses (other than GWS), including net assets acquired, intangibles and goodwill, net of cash acquired (142,433) (31,634) (161,106)
Contributions to unconsolidated subsidiaries (68,700) (66,816) (71,208)
Distributions from unconsolidated subsidiaries 247,574 213,446 187,577
Net proceeds from disposition of real estate held for investment   44,326 3,584
Decrease (increase) in restricted cash 1,281 (2,552) (49,012)
Purchase of available for sale securities (34,864) (37,661) (40,287)
Proceeds from the sale of available for sale securities 31,377 35,051 42,572
Other investing activities, net 2,392 40,083 30,048
Net cash used in investing activities (141,415) (7,439) (1,618,959)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from senior term loans 200,000   900,000
Repayment of senior term loans (751,876) (136,250) (657,488)
Proceeds from revolving credit facility 1,521,000 2,909,000 2,643,500
Repayment of revolving credit facility (1,521,000) (2,909,000) (2,648,012)
Proceeds from issuance of senior notes, net     595,440
Proceeds from notes payable on real estate held for investment 137 7,274  
Repayment of notes payable on real estate held for investment (1,779) (33,944) (1,576)
Proceeds from notes payable on real estate held for sale and under development 4,196 17,727 20,879
Repayment of notes payable on real estate held for sale and under development (10,777) (4,102) (1,186)
Shares and units repurchased for payment of taxes on equity awards (29,549) (27,426) (24,523)
Non-controlling interest contributions 5,301 2,272 5,909
Non-controlling interest distributions (8,715) (19,133) (16,582)
Payment of financing costs (7,999) (5,618) (30,664)
Other financing activities, net (2,675) (443) 3,851
Net cash (used in) provided by financing activities (603,736) (199,643) 789,548
Effect of currency exchange rate changes on cash and cash equivalents 23,844 (21,060) (22,967)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10,802) 222,173 (200,481)
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD 762,576 540,403 740,884
CASH AND CASH EQUIVALENTS, AT END OF PERIOD 751,774 762,576 540,403
Cash paid during the period for:      
Interest 117,164 125,800 88,078
Income taxes, net $ 356,997 $ 294,848 285,730
4.875% Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior notes, net     $ 595,440