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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flow from (used in) operating activities:      
Net income $ 1,388.1 $ 890.1 $ 427.0
Adjustments to reconcile Net income to cash flow from (used in) operating activities:      
Intangible amortization and impairments 51.6 35.7 140.5
Depreciation and other amortization 15.8 16.6 19.1
Deferred income tax expense 32.0 91.2 26.8
Equity method loss (income) (net) (338.1) (242.5) 43.4
BPEA Transaction gain (641.9) 0.0 0.0
Distributions of earnings received from equity method investments 393.5 337.5 236.8
Share-based compensation and Affiliate equity expense 113.8 126.7 119.2
Net realized and unrealized gains on investment securities (103.5) (108.7) (19.5)
Other non-cash items 17.8 44.2 16.5
Changes in assets and liabilities:      
Purchases of securities by consolidated Affiliate sponsored investment products (46.7) (109.6) (110.1)
Sales of securities by consolidated Affiliate sponsored investment products 33.8 58.0 99.6
Decrease in receivables 87.0 31.7 1.1
Decrease in other assets 41.6 23.8 73.1
(Decrease) increase in payables, accrued liabilities, and other liabilities 9.9 64.5 (64.2)
Cash flow from operating activities 1,054.7 1,259.2 1,009.3
Cash flow from (used in) investing activities:      
Investments in Affiliates, net of cash acquired (291.1) (562.6) (44.5)
Proceeds from the BPEA Transaction and return of capital from equity method investments 224.4 4.4 0.0
Purchase of fixed assets (11.4) (8.4) (8.5)
Purchase of investment securities (312.0) (73.5) (47.7)
Sale of investment securities 280.2 56.4 47.0
Cash flow used in investing activities (109.9) (583.7) (53.7)
Cash flow from (used in) financing activities:      
Borrowings of senior bank debt, senior notes, and junior subordinated notes 0.0 200.0 874.8
Repayments of senior bank debt and junior convertible securities (60.8) (33.0) (350.0)
Repurchase of common stock (net) (713.8) (595.3) (335.1)
Dividends paid on common stock (1.6) (1.7) (16.8)
Distributions to non-controlling interests (341.9) (334.3) (306.3)
Affiliate equity purchases (61.5) (150.5) (315.1)
Affiliate equity issuances 15.2 117.7 20.2
Subscriptions to consolidated Affiliate sponsored investment products, net of redemptions 13.0 40.9 12.9
Settlement of deferred payments, net (201.0) (21.7) (15.0)
Other financing items (50.5) (20.4) (25.0)
Cash flow used in financing activities (1,402.9) (798.3) (455.4)
Effect of foreign currency exchange rate changes on cash and cash equivalents (22.6) (0.8) 2.1
Net increase (decrease) in cash and cash equivalents (480.7) (123.6) 502.3
Cash and cash equivalents at beginning of period 908.5 1,039.7 539.6
Effect of (deconsolidation) consolidation of Affiliates and Affiliate sponsored investment products 1.4 (7.6) (2.2)
Cash and cash equivalents at end of period 429.2 908.5 1,039.7
Supplemental disclosure of cash flow information:      
Interest paid 109.4 103.0 88.3
Income taxes paid (refunds received), net 120.2 87.1 (12.4)
Lease liabilities paid 41.8 38.8 39.1
Supplemental disclosure of non-cash investing and financing activities:      
Payables recorded for investments in Affiliates and contingent payment obligations 31.2 287.8 109.2
Stock issued upon vesting of restricted stock units and exercise of stock options 41.2 82.6 35.6
Right-of-use assets obtained in exchange for new operating leases 69.4 26.3 24.4
Stock received for tax withholdings on share-based payments 19.4 19.9 6.7
Payables recorded for share repurchases 0.0 16.7 105.6
Payables recorded for Affiliate equity purchases 27.2 11.0 22.0
EQT ordinary shares received from BPEA Transaction 515.2 0.0 0.0
Other investments from BPEA Transaction $ 51.7 $ 0.0 $ 0.0