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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net Income $ 134,402 $ 286,988
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:    
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration (23,856) 28,678
Equity Method Investments, Including Gain on Sale 1,437 3,968
Equity-Based and Other Deferred Compensation 272,363 238,641
Noncash Lease Expense 21,377 18,760
Depreciation, Amortization and Accretion, net 6,109 14,386
Bad Debt Expense 5,297 1,503
Deferred Taxes (9,232) (8,369)
Decrease (Increase) in Operating Assets:    
Investment Securities 3,105 (528)
Accounts Receivable 60,781 21,713
Receivable from Employees and Related Parties 3,092 3,917
Other Assets 38,497 (67,406)
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (715,222) (705,445)
Accounts Payable and Accrued Expenses 2,637 5,865
Payables to Employees and Related Parties 5,534 25,801
Taxes Payable (4,138) (16,531)
Other Liabilities (7,732) (20,561)
Net Cash Provided by (Used in) Operating Activities (205,549) (168,620)
Cash Flows From Investing Activities    
Investments Purchased (37) 0
Proceeds from Sale of Investments 0 18,300
Distributions of Private Equity Investments 72 27
Investment Securities:    
Proceeds from Sales and Maturities of Investment Securities 2,227,084 1,703,871
Purchases of Investment Securities (1,804,833) (1,078,819)
Maturity of Certificates of Deposit 124,728 138,305
Purchase of Certificates of Deposit (54,267) (154,640)
Purchase of Furniture, Equipment and Leasehold Improvements (12,374) (11,449)
Net Cash Provided by Investing Activities 480,373 615,595
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 733 300
Distributions to Noncontrolling Interests (15,651) (32,541)
Payment of Notes Payable 0 67,000
Issuance of Notes Payable 0 67,000
Debt Issuance Costs and Make-Whole Amount 0 1,641
Purchase of Treasury Stock and Noncontrolling Interests (348,264) (457,068)
Dividends (70,279) (70,868)
Net Cash Provided by (Used in) Financing Activities (433,461) (561,818)
Effect of Exchange Rate Changes on Cash 15,988 (19,056)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (142,649) (133,899)
Cash, Cash Equivalents and Restricted Cash – Beginning of Period 672,123 587,293
Cash, Cash Equivalents and Restricted Cash – End of Period 529,474 453,394
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 8,099 9,164
Payments for Income Taxes 54,874 140,187
Accrued Dividends 8,659 8,362
Settlement of Sale of Trilantic VI 0 9,188
Debt Issuance Costs Accrued $ 0 $ 185