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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 1,841,915 $ 755,868 $ 1,291,450
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 525,871 501,728 439,224
Amortization and write-off of financing costs on extinguished debt 8,315 82,705 8,662
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (142,929) (297,980) (246,690)
Asset impairments 0 88,676 89,787
Net realized and unrealized losses, primarily from investments (41,982) (17,394) (28,907)
Provision for doubtful accounts 24,489 44,366 20,373
Net compensation expense for equity awards 184,934 60,391 127,738
Equity income from unconsolidated subsidiaries (618,697) (126,161) (160,925)
Gain recognized upon deconsolidation of SPAC (187,456) 0 0
Distribution of earnings from unconsolidated subsidiaries 520,382 155,975 199,011
Proceeds from sale of mortgage loans 17,194,606 20,937,521 19,805,060
Origination of mortgage loans (17,015,839) (21,268,114) (19,389,979)
(Decrease) increase in warehouse lines of credit (106,513) 406,789 (351,586)
Tenant concessions received 31,176 48,030 21,249
Purchase of equity securities (7,154) (11,113) (83,001)
Proceeds from sale of equity securities 8,709 13,741 46,949
(Increase) decrease in real estate under development (54,658) (105,619) 31,420
(Increase) decrease in receivables, prepaid expenses and other assets (including contract and lease assets) (765,959) 371,009 (821,134)
Increase in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) 104,749 105,491 306,677
Increase (decrease) in compensation and employee benefits payable and accrued bonus and profit sharing 729,703 (100,142) 244,895
Decrease (increase) in net income taxes receivable/payable 248,293 173,648 (274,436)
Other operating activities, net (117,777) 11,364 (52,457)
Net cash provided by operating activities 2,364,178 1,830,779 1,223,380
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (209,851) (266,575) (293,514)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (781,489) (27,848) (355,926)
Contributions to unconsolidated subsidiaries (334,544) (146,409) (105,947)
Distributions from unconsolidated subsidiaries 75,853 88,731 33,289
Investment in Altus Power, Inc. Class A stock (220,001) 0 0
Proceeds from sale of marketable securities - special purpose acquisition company trust account 212,722 0 0
Purchase of marketable securities - special purpose acquisition company trust account 0 (402,500) 0
Other investing activities, net (23,587) 10,516 1,074
Net cash used in investing activities (1,280,897) (744,085) (721,024)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from senior term loans 0 0 300,000
Repayment of senior term loans (300,000) 0 (300,000)
Proceeds from revolving credit facility 26,599 835,671 3,609,000
Repayment of revolving credit facility 0 (835,671) (3,609,000)
Repayment of 5.25% senior notes (including premium) 0 (499,652) 0
Repayment of debt assumed in acquisition of Telford Homes 0 0 (110,687)
Sale of non-controlling interest - special purpose acquisition company 0 393,661 0
Redemption of non-controlling interest-special purpose acquisition company and payment of deferred underwriting commission (205,110) 0 0
Proceeds from notes payable on real estate 78,428 90,552 6,694
Repayment of notes payable on real estate (109,461) (24,704) 0
Proceeds from issuance of 2.500% senior notes 492,255 0 0
Repurchase of common stock (368,603) (50,028) (145,137)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (17,769) (44,700) (42,147)
Units repurchased for payment of taxes on equity awards (38,864) (43,835) (18,426)
Non-controlling interest contributions 862 2,173 46,612
Non-controlling interest distributions (4,572) (4,330) (3,957)
Other financing activities, net (44,396) (41,893) (4,901)
Net cash used in financing activities (490,631) (222,756) (271,949)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (92,116) 81,564 (606)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 500,534 945,502 229,801
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF YEAR 2,039,247 1,093,745 863,944
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF YEAR 2,539,781 2,039,247 1,093,745
Cash paid during the year for:      
Interest 41,068 67,463 86,666
Income tax payments, net 330,426 51,681 365,065
Non-cash investing and financing activities:      
Deferred purchase consideration - Turner & Townsend 485,414 0 0
Non-controlling interest as part of Turner & Townsend Acquisition 774,122 0 0
Investment in alignment shares and private placement warrants of Altus Power, Inc. 141,871 0 0
Reduction in redeemable non-controlling interest - special purpose acquisition company 211,501 0 0
Reduction of trust account - special purpose acquisition company $ 189,801 $ 0 $ 0