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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 652,317 $ 671,445
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 323,862 335,048
Amortization and write-off of financing costs on extinguished debt 7,196 33,405
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (191,103) (156,973)
Intangible asset impairment 89,037  
Gain associated with remeasuring our investment in a joint venture entity to fair value at the date we acquired the remaining interest   (92,624)
Gains on disposition of real estate held for investment   (3,197)
Net realized and unrealized gains from investments (26,163) (2,620)
Provision for doubtful accounts 18,083 17,606
Compensation expense for equity awards 98,958 97,035
Equity income from unconsolidated subsidiaries (120,233) (263,040)
Distribution of earnings from unconsolidated subsidiaries 145,588 262,670
Proceeds from sale of mortgage loans 15,786,800 13,351,590
Origination of mortgage loans (15,381,864) (13,979,299)
Increase in warehouse lines of credit 19,849 668,974
Increase in advance warehouse funding (376,707)  
Tenant concessions received 18,367 22,846
Purchase of equity securities (81,369) (66,380)
Proceeds from sale of equity securities 45,333 56,605
Increase in receivables, prepaid expenses and other assets (including contract and lease assets) (647,942) (368,824)
Increase in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) 158,708 85,648
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing (230,040) (136,257)
Decrease in income taxes payable, net (132,583) (21,642)
Other operating activities, net (36,793) (9,705)
Net cash provided by operating activities 139,301 502,311
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (160,583) (151,893)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (14,844) (313,560)
Contributions to unconsolidated subsidiaries (84,648) (31,026)
Distributions from unconsolidated subsidiaries 20,960 53,720
Net proceeds from disposition of real estate held for investment   14,174
Purchase of equity securities (10,160) (15,931)
Proceeds from sale of equity securities 14,261 11,402
Purchase of available for sale debt securities (4,219) (20,860)
Proceeds from the sale of available for sale debt securities 2,392 5,432
Other investing activities, net 590 (5,557)
Net cash used in investing activities (236,251) (454,099)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from senior term loans 300,000 550,000
Repayment of senior term loans (300,000)  
Proceeds from revolving credit facility 2,683,000 2,913,000
Repayment of revolving credit facility (2,631,000) (2,772,000)
Repayment of 5.00% senior notes (including premium)   (820,000)
Proceeds from notes payable on real estate 5,243 3,239
Repayment of notes payable on real estate   (16,019)
Repurchase of common stock (94,088)  
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (36,089) (14,970)
Repayment of debt assumed in acquisition of FacilitySource   (26,295)
Units repurchased for payment of taxes on equity awards (16,573) (27,696)
Non-controlling interest contributions 46,513 9,558
Non-controlling interest distributions (3,798) (11,382)
Other financing activities, net (5,171) (915)
Net cash used in financing activities (51,963) (213,480)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (12,726) (31,613)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (161,639) (196,881)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 863,944 824,819
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 702,305 627,938
Cash paid during the period for:    
Interest 80,179 95,822
Income taxes, net $ 302,735 $ 235,305