XML 150 R142.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Schedule I - Parent Company Only Financial Statements - Statements of Cash Flows (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income available to common stockholders $ 84,943 $ 279,866 $ 81,729
Adjustments to reconcile net income to net cash used in operating activities:      
Equity in net gains (losses) of unconsolidated investments (4,115) (7,377) (4,627)
Deferred tax (benefit) expense (1,803) (22,635) 19,858
Decrease (increase) in operating assets:      
Receivables from related parties (4,215) 37,506 128,192
Other assets 3,784 (30,924) 2,189
(Decrease) increase in operating liabilities:      
Accounts payable, accrued and other liabilities (34,840) 63,214 10,684
Net cash provided by (used in) operating activities 239,062 (67,345) 392,760
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash used in investing activities (40,602) 9,236 (112,564)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Dividends to stockholders (192,442) (231,446) (200,116)
Repurchase of Class A common stock (1,236) (10,439) (16,773)
Proceeds from offering of Class A common stock, net   327,624 26,606
Proceeds from exercises of stock options     72
Net cash provided by (used in) financing activities 18,246 50,888 (237,803)
Net cash provided by (used in) operating activities from discontinued operations 0 (748,231) 895,853
Net cash provided by (used in) investing activities from discontinued operations 0 18,347 (41,027)
Net cash provided by (used in) financing activities from discontinued operations 0 367,931 (697,275)
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements 219,336 (380,012) 203,355
Cash and cash equivalents, and Cash segregated under regulatory requirements at beginning of period 416,778 796,790 593,435
Cash and cash equivalents, and Cash segregated under regulatory requirements at end of period 636,114 416,778 796,790
Supplemental cash information:      
Cash paid during the period for taxes 47,997 66,540 78,300
Cash paid during the period for interest 51,776 41,951 75,305
Supplemental non-cash information:      
Issuance of Class A common stock upon exchange of limited partnership interests 26,146 143,232 106,698
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions 3,040 21,899 14,232
Parent Company [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income available to common stockholders 55,707 197,520 51,475
Less: Equity income of discontinued operations   (123,816) (176,278)
Adjustments to reconcile net income to net cash used in operating activities:      
Amortization of deferred financing costs 3,206 4,012 5,287
Equity in net gains (losses) of unconsolidated investments (58,819) (49,472) 76,350
Deferred tax (benefit) expense (19,947) (12,449) 5,168
Decrease (increase) in operating assets:      
Investments in subsidiaries 12,399 (365,405) 5,840
Receivables from related parties 16,029 10,686  
Note receivable from related party (366,496) (450,000) (975,000)
Other assets 861 39 57
(Decrease) increase in operating liabilities:      
Accounts payable, accrued and other liabilities (3,958) 3,753 (7,044)
Net cash provided by (used in) operating activities (361,018) (785,132) (1,014,145)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Dividends to stockholders (192,442) (231,446) (200,116)
Repurchase of Class A common stock (970) (8,185) (16,773)
Issuance of senior notes, net of deferred issuance costs 294,845 444,196 968,910
Unsecured revolving credit agreement borrows 390,000 195,000  
Unsecured revolving credit agreement repayments (320,000) (195,000)  
Distributions from subsidiaries 184,545 199,062 172,562
Proceeds from offering of Class A common stock, net 4,929 345,974 87,836
Proceeds from exercises of stock options     72
Net cash provided by (used in) financing activities 360,907 749,601 1,012,491
Net cash provided by (used in) financing activities from discontinued operations   35,487  
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements (111) (44) (1,654)
Cash and cash equivalents, and Cash segregated under regulatory requirements at beginning of period 155 199 1,853
Cash and cash equivalents, and Cash segregated under regulatory requirements at end of period 44 155 199
Supplemental cash information:      
Cash paid during the period for taxes 5,422 20,598 47,419
Cash paid during the period for interest 47,329 15,375 49,867
Supplemental non-cash information:      
Issuance of Class A common stock upon exchange of limited partnership interests 26,146 143,232 106,698
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions $ 3,040 $ 21,899 $ 14,232