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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 179,045 $ 147,798
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 89,220 82,833
Stock-based compensation expense 34,675 23,167
Deferred taxes 30,551 28,749
(Increase) decrease in operating assets:    
Receivable from/payable to brokers and dealers and clearing organizations, net (3) (709)
Deposits with clearing organizations (5,666) 8,046
Accounts receivable (30,638) (33,182)
Receivable from/payable to affiliates, net (3,928) (5,630)
Other assets (8,063) (254)
Increase (decrease) in operating liabilities:    
Accrued compensation (61,919) (45,320)
Deferred revenue (966) 4,240
Accounts payable, accrued expenses and other liabilities 1,007 (3,817)
Employee equity compensation payable 0 (1,915)
Net cash provided by operating activities 223,315 204,006
Cash flows from investing activities    
Cash paid for acquisitions, net of cash acquired 0 (208,857)
Purchases of furniture, equipment, software and leasehold improvements (14,823) (8,543)
Capitalized software development costs (18,264) (16,967)
Net cash used in investing activities (33,087) (234,367)
Cash flows from financing activities    
Share repurchases pursuant to the Share Repurchase Program (56,323) (51,121)
Proceeds from stock-based compensation exercises 7,616 67,536
Dividends (32,710) (32,172)
Distributions to non-controlling interests (4,746) (4,473)
Payroll taxes paid for stock-based compensation (97,976) (53,434)
Payments on tax receivable agreement liability (8,995) (6,849)
Net cash used in financing activities (193,134) (80,513)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9,423) 819
Net increase (decrease) in cash, cash equivalents and restricted cash (12,329) (110,055)
Cash, cash equivalents and restricted cash    
Beginning of period 973,048 792,280
End of period 960,719 682,225
Supplemental disclosure of cash flow information    
Income taxes paid, net of (refunds) 5,326 (204)
Non-cash financing activities    
Unsettled share repurchases included in other liabilities 0 555
Reconciliation of cash, cash equivalents and restricted cash as shown on the statements of financial condition:    
Cash and cash equivalents 959,719  
Restricted cash 1,000  
Cash, cash equivalents and restricted cash shown in the statement of cash flows 960,719 682,225
Adjusted For Refinitiv Transaction    
Non-cash financing activities    
Establishment of liabilities under tax receivable agreement 5,699 27,666
Deferred tax asset $ 51,824 $ 109,725