XML 173 R157.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule I - Parent Company Only Financial Statements - Statements of Cash Flows (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:                          
Net income available to common stockholders $ (12,744) $ 9,904 $ 39,273 $ 20,169 $ (33,475) $ (1,553) $ 22,307 $ 84,974 $ 59,442 $ 69,346 $ 56,602 $ 72,253 $ 286,610
Adjustments to reconcile net income to net cash used in operating activities:                          
Equity in net gains (losses) of unconsolidated investments (1,354) (1,527) (1,119) (1,023) (1,064) $ (1,530) $ (738) (783)     (5,023) (4,115) (7,377)
Deferred tax (benefit) expense       2,686         2,622 6,798 (16,549) (4,196) (23,737)
Decrease (increase) in operating assets:                          
Receivables from related parties                     5,427 (4,215) 37,506
Other assets       (7,928)         2,116 (15,099) (20,070) 5,239 (25,343)
(Decrease) increase in operating liabilities:                          
Accounts payable, accrued and other liabilities       (44,770)         (78,249) (39,488) 57,791 (17,878) 51,003
Net cash provided by (used in) operating activities                     304,263 239,062 (67,345)
CASH FLOWS FROM INVESTING ACTIVITIES:                          
Net cash provided by (used in) investing activities                     (77,592) (40,602) 9,236
CASH FLOWS FROM FINANCING ACTIVITIES:                          
Dividends to stockholders                     (60,440) (192,442) (231,446)
Repurchase of Class A common stock                     (6) (1,236) (10,439)
Proceeds from issuance of Class A common stock, net of costs                         327,624
Net cash provided by (used in) financing activities                     (13,101) 18,246 50,888
Net cash provided by (used in) operating activities from discontinued operations                     0 0 (748,231)
Net cash provided by (used in) investing activities from discontinued operations                     0 0 18,347
Net cash provided by (used in) financing activities from discontinued operations                     0 0 367,931
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements       21,248         50,886 100,419 214,563 219,336 (380,012)
Cash and cash equivalents, and Cash segregated under regulatory requirements at beginning of period 736,533 687,000 657,362 636,114       416,778 636,114 636,114 636,114 416,778 796,790
Cash and cash equivalents, and Cash segregated under regulatory requirements at end of period 850,677 $ 736,533 $ 687,000 657,362 636,114       687,000 736,533 850,677 636,114 416,778
Supplemental cash information:                          
Cash paid during the period for interest                     69,572 51,776 41,951
Supplemental non-cash information:                          
Issuance of Class A common stock upon exchange of limited partnership interests                     11,388 26,146 143,232
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions                     1,578 3,040 21,899
Parent Company [Member]                          
CASH FLOWS FROM OPERATING ACTIVITIES:                          
Net income available to common stockholders                     48,908 47,562 202,196
Less: Equity income of discontinued operations                         (125,341)
Adjustments to reconcile net income to net cash used in operating activities:                          
Amortization of deferred financing costs                     4,188 3,206 4,012
Equity in net gains (losses) of unconsolidated investments                     (41,876) (50,413) (49,087)
Deferred tax (benefit) expense                     (13,585) (20,042) (12,449)
Decrease (increase) in operating assets:                          
Investments in subsidiaries                     (11,480) 12,400 (368,509)
Receivables from related parties                     1,241 16,029 10,686
Note receivable from related party                     (187,069) (366,496) (450,000)
Other assets                     887 861 39
(Decrease) increase in operating liabilities:                          
Accounts payable, accrued and other liabilities                     14,295 (4,125) 3,321
Net cash provided by (used in) operating activities                     (184,491) (361,018) (785,132)
CASH FLOWS FROM FINANCING ACTIVITIES:                          
Dividends to stockholders                     (60,440) (192,442) (231,446)
Repurchase of Class A common stock                     (5) (970) (8,185)
Issuance of senior notes, net of deferred issuance costs                     294,396 294,845 444,196
Unsecured revolving credit agreement borrows                     230,000 390,000 195,000
Unsecured revolving credit agreement repayments                     (300,000) (320,000) (195,000)
Distributions from subsidiaries                     61,972 184,545 199,062
Proceeds from issuance of Class A common stock, net of costs                     2,516 4,929 345,974
Net cash provided by (used in) financing activities                     184,471 360,907 749,601
Repayments of senior notes                     43,968    
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                     (20) (111) (44)
Cash and cash equivalents, and Cash segregated under regulatory requirements at beginning of period       $ 44       $ 155 $ 44 $ 44 44 155 199
Cash and cash equivalents, and Cash segregated under regulatory requirements at end of period $ 24       $ 44           24 44 155
Supplemental cash information:                          
Cash paid (refund) during the period for taxes                     (5,919) 5,422 20,598
Cash paid during the period for interest                     60,594 47,329 15,375
Supplemental non-cash information:                          
Issuance of Class A common stock upon exchange of limited partnership interests                     11,388 26,146 143,232
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions                     $ 1,578 $ 3,040 $ 21,899