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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net Income $ 262,951 $ 193,175
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration (30,153) (18,160)
Equity Method Investments, Including (Gains) Losses on Sales and Redemptions 7,461 769
Equity-Based and Other Deferred Compensation 432,511 393,633
Noncash Lease Expense 31,638 31,599
Depreciation, Amortization and Accretion, net 415 7,061
Bad Debt Expense 2,133 5,007
Deferred Taxes (1,199) (4,613)
Decrease (Increase) in Operating Assets:    
Investment Securities 24,116 8,315
Accounts Receivable (41,705) 48,680
Receivable from Employees and Related Parties (6,624) (4,499)
Other Assets (46,650) 37,931
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (329,246) (622,834)
Accounts Payable and Accrued Expenses 8,355 2,085
Payables to Employees and Related Parties 3,372 (11,916)
Taxes Payable (3,501) (6,983)
Other Liabilities (12,107) (16,926)
Net Cash Provided by Operating Activities 301,767 42,324
Cash Flows From Investing Activities    
Investments Purchased 0 (37)
Proceeds from Sale of Investments 18,113 0
Distributions of Private Equity Investments 0 72
Investment Securities:    
Proceeds from Sales and Maturities of Investment Securities 2,286,413 2,894,653
Purchases of Investment Securities (2,069,022) (2,624,225)
Maturity of Certificates of Deposit 129,081 129,974
Purchase of Certificates of Deposit (168,685) (91,414)
Purchase of Furniture, Equipment and Leasehold Improvements (16,769) (18,558)
Net Cash Provided by Investing Activities 179,131 290,465
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 85 733
Distributions to Noncontrolling Interests (24,633) (23,019)
Payments Under Tax Receivable Agreement (607) 0
Purchase of Treasury Stock and Noncontrolling Interests (420,514) (389,262)
Dividends (104,982) (99,056)
Net Cash Provided by (Used in) Financing Activities (550,651) (510,604)
Effect of Exchange Rate Changes on Cash 6,298 7,144
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (63,455) (170,671)
Cash, Cash Equivalents and Restricted Cash – Beginning of Period 605,484 672,123
Cash, Cash Equivalents and Restricted Cash – End of Period 542,029 501,452
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 9,886 9,889
Payments for Income Taxes 76,434 69,479
Accrued Dividends 12,145 12,717
Redemption of Luminis Interest $ 7,305 $ 0