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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 290,000 $ 331,000
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 319,000 316,000
Amortization of financing costs 3,000 2,000
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (60,000) (45,000)
Gain on disposition of real estate assets (13,000) 0
Net realized and unrealized gains, primarily from investments (2,000) (3,000)
Provision for doubtful accounts 9,000 6,000
Net compensation expense for equity awards 69,000 39,000
Equity loss (income) from unconsolidated subsidiaries 73,000 (134,000)
Distribution of earnings from unconsolidated subsidiaries 30,000 183,000
Proceeds from sale of mortgage loans 4,129,000 4,356,000
Origination of mortgage loans (4,408,000) (4,894,000)
Increase in warehouse lines of credit 295,000 549,000
Tenant concessions received 13,000 7,000
Purchase of equity securities (28,000) (8,000)
Proceeds from sale of equity securities 46,000 8,000
Increase in real estate under development (6,000) (37,000)
Decrease (increase) in receivables, prepaid expenses and other assets (including contract and lease assets) 110,000 (101,000)
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) (77,000) (313,000)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing (788,000) (811,000)
Increase in net income taxes receivable/payable (153,000) (157,000)
Other operating activities, net (56,000) (50,000)
Net cash used in operating activities (205,000) (756,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (135,000) (135,000)
Acquisition of businesses, including net assets acquired and goodwill, net of cash acquired (1,051,000) (166,000)
Contributions to unconsolidated subsidiaries (73,000) (60,000)
Distributions from unconsolidated subsidiaries 29,000 21,000
Acquisition and development of real estate assets (136,000) 0
Proceeds from disposition of real estate assets 6,000 0
Other investing activities, net 53,000 (30,000)
Net cash used in investing activities (1,307,000) (370,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 2,505,000 3,206,000
Repayment of revolving credit facility (1,565,000) (2,801,000)
Proceeds from notes payable on real estate 12,000 0
Repurchase of common stock (47,000) (130,000)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (16,000) (68,000)
Units repurchased for payment of taxes on equity awards (97,000) (50,000)
Non-controlling interest contributions 17,000 2,000
Non-controlling interest distributions (30,000) (1,000)
Other financing activities, net (32,000) (58,000)
Net cash provided by financing activities 1,242,000 1,075,000
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (68,000) 3,000
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (338,000) (48,000)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 1,371,000 1,405,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 1,033,000 1,357,000
Cash paid during the period for:    
Interest 170,000 91,000
Income tax payments, net 244,000 303,000
Non-cash investing and financing activities:    
Deferred and/or contingent consideration 15,000 0
5.500% Senior Notes | Senior Notes    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance 495,000 0
5.950% Senior Notes | Senior Notes    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance $ 0 $ 975,000