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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 196,806 $ 208,412
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization of deferred expenses and share-based incentive compensation 359,051 377,255
Noncash lease expense 49,587 49,903
Depreciation and amortization of property 25,549 27,284
Deferred tax benefit (2,363) (34,209)
Benefit pursuant to tax receivable agreement (20,146) 0
Gain on sale of owned office building 0 (114,271)
Other adjustments (8,566) 0
(Increase) decrease in operating assets and increase (decrease) in operating liabilities:    
Receivables-net 45,582 85,812
Investments (14,133) 66,402
Other assets (7,858) (87,375)
Accrued compensation and benefits and other liabilities (503,882) (199,239)
Net cash provided by operating activities 119,627 379,974
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property (28,366) (30,625)
Proceeds from sale of property 0 194,283
Purchase of equity method investment 0 (17,488)
Other disposals of property 0 1,995
Purchase of investments 0 (98,350)
Proceeds from sales and maturities of debt securities 0 50,000
Other investing activities (35,584) 0
Net cash provided by (used in) investing activities (63,950) 99,815
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from (payments for) customer deposits, net 12,477 (42,610)
Proceeds from:    
Issuance of senior debt 300,000 396,010
Contributions from noncontrolling interests 1,466 1,989
Payments for:    
Extinguishment of senior debt (298,354) (233,073)
Distributions to noncontrolling interests (2,049) (3,976)
Tax receivable agreement 0 (30,950)
Purchase of common stock (41,012) (43,928)
Common stock dividends (139,203) (133,823)
Settlement of share-based incentive compensation in satisfaction of tax withholding requirements (114,783) (64,189)
LFI Consolidated Funds redemptions (30,232) (39,074)
Other financing activities (17,269) (12,172)
Net cash used in financing activities (328,959) (205,796)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 86,957 14,763
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (186,325) 288,756
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH— January 1 1,609,368 1,224,983
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—September 30 $ 1,423,043 $ 1,513,739