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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 286,708 $ (57,307) $ 392,483
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Amortization of deferred expenses and share-based incentive compensation 448,487 429,857 406,302
Noncash lease expense 66,807 63,552 60,624
Depreciation and amortization of property 36,281 42,853 42,336
Currency translation adjustment reclassification 0 1,826 32
Deferred tax provision (benefit) 11,068 (81,068) 42,709
Benefit pursuant to tax receivable agreement (8,237) (43,894) (1,209)
Gain on sale of owned office building (114,271) 0 0
Impairment of equity method investments and other receivables 0 22,981 0
Impairment of assets associated with cost-saving initiatives 0 8,801 0
Loss on LGAC liquidation 0 17,929 0
Other adjustments (280) 0 0
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:      
Receivables-net (3,577) (100,501) 140,745
Investments 72,716 (145,010) 178,025
Other assets (65,341) (47,671) (55,444)
Accrued compensation and benefits and other liabilities 12,467 52,314 (372,619)
Net cash provided by operating activities 742,828 164,662 833,984
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property (45,498) (28,297) (49,511)
Proceeds from sale of property 194,283 0 0
Purchase of equity method investment (17,488) 0 0
Purchase of debt securities (98,350) 0 0
Proceeds from sales and maturities of debt securities 100,000 0 0
Other disposals of property 2,110 490 573
Acquisition of business, net of cash acquired 0 (10,516) 0
Other investing activities (985) 0 (7,500)
Net cash provided by (used in) investing activities 134,072 (38,323) (56,438)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from (payments for) customer deposits, net (48,484) (572,025) (373,044)
Proceeds from:      
Issuance of senior debt, net of expenses 395,961 0 0
Contributions from noncontrolling interests 2,411 2,077 514
Payments for:      
Extinguishment of senior debt (399,149) 0 0
Distributions to noncontrolling interests (1,822) (5,802) (32,051)
Tax receivable agreement (30,951) (32,208) (21,036)
Distribution to redeemable noncontrolling interests in connection with LGAC redemption 0 (585,891) 0
Purchase of common stock (59,500) (102,051) (691,705)
Common stock dividends (179,017) (173,075) (181,880)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (64,344) (54,529) (61,916)
LFI Consolidated Funds redemptions (35,607) (35,238) (10,020)
Other financing activities (19,167) (12,452) (10,897)
Net cash used in financing activities (439,669) (1,571,194) (1,382,035)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (52,846) 30,438 (186,125)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 384,385 (1,414,417) (790,614)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 1,224,983 2,639,400 3,430,014
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— December 31 $ 1,609,368 $ 1,224,983 $ 2,639,400