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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 268,977 $ 173,530
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 122,078 113,794
Amortization of financing costs 1,609 1,501
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (72,045) (52,373)
Asset impairments 0 75,171
Net realized and unrealized (gains) losses, primarily from investments (2,732) 193
Provision for doubtful accounts 731 9,059
Net compensation expense (reversal) for equity awards 35,786 (1,239)
Equity income from unconsolidated subsidiaries (83,594) (20,631)
Distribution of earnings from unconsolidated subsidiaries 32,986 29,185
Proceeds from sale of mortgage loans 4,643,685 3,595,631
Origination of mortgage loans (3,909,261) (3,859,407)
(Decrease) increase in warehouse lines of credit (708,491) 281,657
Tenant concessions received 1,578 13,292
Purchase of equity securities (2,398) (3,559)
Proceeds from sale of equity securities 3,017 4,925
(Increase) decrease in real estate under development (15,901) 7,742
Decrease in receivables, prepaid expenses and other assets (including contract and lease assets) 161,221 52,796
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) (245,522) (27,089)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing (469,213) (605,950)
Decrease in net income taxes receivable/payable 41,660 108,609
Other operating activities, net 2,381 (25,610)
Net cash used in operating activities (193,448) (128,773)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (29,597) (62,241)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (2,726) (25,897)
Contributions to unconsolidated subsidiaries (168,392) (32,155)
Distributions from unconsolidated subsidiaries 6,795 18,994
Other investing activities, net 16 9,068
Net cash used in investing activities (193,904) (92,231)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 0 331,671
Repayment of revolving credit facility 0 (331,701)
Proceeds from notes payable on real estate 23,737 0
Proceeds from issuance of 2.500% senior notes 492,255 0
Repurchase of common stock (61,108) (50,028)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (512) (6,230)
Units repurchased for payment of taxes on equity awards (34,883) (36,873)
Non-controlling interest contributions 72 622
Non-controlling interest distributions (2,652) (497)
Other financing activities, net (14,943) (8,377)
Net cash provided by (used in) financing activities 401,966 (101,413)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (52,154) (38,633)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (37,540) (361,050)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 2,039,247 1,093,745
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 2,001,707 732,695
Cash paid during the period for:    
Interest 15,080 27,290
Income tax payments (refunds), net $ 38,508 $ (55,897)