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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 1,065,948 $ 703,576 $ 585,170
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 451,988 406,114 366,927
Amortization and write-off of financing costs on extinguished debt 35,175 10,783 10,935
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (229,376) (200,386) (201,362)
Gain associated with remeasuring our investment in a previously unconsolidated subsidiary to fair value as of the date we acquired the remaining interest (100,420)    
Gains on disposition of real estate held for investment (3,197)   (9,901)
Net realized and unrealized losses (gains) from investments 7,400 (9,405) (4,688)
Equity income from unconsolidated subsidiaries (324,664) (210,207) (197,351)
Provision for doubtful accounts 19,760 8,044 4,711
Deferred income taxes (11,401) (7,161) (9,403)
Compensation expense for equity awards 128,171 93,087 63,484
Proceeds from sale of mortgage loans 20,230,676 18,052,756 15,833,633
Origination of mortgage loans (20,591,602) (17,655,104) (15,297,471)
Increase (decrease) in warehouse lines of credit 417,995 (343,887) (496,128)
Distribution of earnings from unconsolidated subsidiaries 336,925 211,855 195,702
Tenant concessions received 38,400 19,337 22,547
Purchase of equity securities (99,789) (110,570) (87,765)
Proceeds from sale of equity securities 75,120 68,547 105,866
Proceeds from securities sold, not yet purchased 12,721 13,320 17,932
Securities purchased to cover short sales (12,530) (13,840) (19,017)
Increase in receivables, prepaid expenses and other assets (including contract assets) (777,630) (540,117) (336,342)
Increase in accounts payable and accrued expenses and other liabilities (including contract liabilities) 273,782 159,145 15,382
Increase in compensation and employee benefits payable and accrued bonus and profit sharing 270,371 148,714 123,653
(Increase) decrease in net income taxes receivable/payable (47,074) 108,151 (6,334)
Other operating activities, net (35,500) (18,341) (63,195)
Net cash provided by operating activities 1,131,249 894,411 616,985
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (227,803) (178,042) (191,205)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (322,573) (118,427) (21,077)
Contributions to unconsolidated subsidiaries (62,802) (68,700) (66,816)
Distributions from unconsolidated subsidiaries 61,709 63,664 46,775
Net proceeds from disposition of real estate held for investment 14,174   44,326
Purchase of equity securities (21,402) (15,584) (15,506)
Proceeds from sale of equity securities 16,314 15,587 16,954
Purchase of available for sale debt securities (23,360) (19,280) (22,155)
Proceeds from the sale of available for sale debt securities 5,792 15,790 18,097
Other investing activities, net (733) 2,392 40,083
Net cash used in investing activities (560,684) (302,600) (150,524)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from senior term loans 1,002,745 200,000  
Repayment of senior term loans (450,000) (751,876) (136,250)
Proceeds from revolving credit facility 3,258,000 1,521,000 2,909,000
Repayment of revolving credit facility (3,258,000) (1,521,000) (2,909,000)
Repayment of 5.00% senior notes (including premium) (820,000)    
Proceeds from notes payable on real estate 7,599 4,333 25,001
Repayment of notes payable on real estate (19,058) (12,556) (38,046)
Repayment of debt assumed in acquisition of FacilitySource (26,295)    
Repurchase of common stock (161,034)    
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (18,660) (24,006) (21,034)
Units repurchased for payment of taxes on equity awards (29,386) (29,549) (27,426)
Non-controlling interest contributions 25,355 5,301 2,272
Non-controlling interest distributions (13,413) (8,715) (19,133)
Payment of financing costs (2,088) (7,999) (5,618)
Other financing activities, net (2,365) (2,675) (443)
Net cash used in financing activities (506,600) (627,742) (220,677)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (24,840) 29,338 (27,539)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 39,125 (6,593) 218,245
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 824,819 831,412 613,167
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 863,944 824,819 831,412
Cash paid during the period for:      
Interest 104,165 117,164 125,800
Income taxes, net $ 375,849 $ 356,997 $ 294,848