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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 64,695 $ 66,158
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:    
Fixed asset depreciation and intangible asset amortization 63,550 64,081
Employee loan amortization and reserves on employee loans 45,746 42,733
Equity-based compensation and allocations of net income to limited partnership units and FPUs 170,275 103,030
Deferred compensation expense 321 502
Losses (gains) on equity method investments (4,671) (966)
Realized losses (gains) on marketable securities 0 (289)
Unrealized losses (gains) on marketable securities 1 (24)
Loss (gains) on other investments (67) 1,036
Amortization of discount (premium) on notes payable 2,838 3,204
Impairment of fixed assets, intangible assets and investments 3,893 5,591
Deferred tax provision (benefit) (4,984) 6,798
Change in estimated acquisition earn-out payables 2,013 1,172
Forfeitures of Class A common stock (553) 0
Other (4,178) 3,643
Consolidated net income (loss), adjusted for non-cash and non-operating items 338,879 296,669
Decrease (increase) in operating assets:    
Securities owned 21,039 (1,078)
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers (1,517,376) (588,483)
Accrued commissions receivable, net (80,883) 91,814
Loans, forgivable loans and other receivables from employees and partners, net (25,821) (135,874)
Receivables from related parties 4,749 (3,664)
Other assets (15,409) (15,107)
Increase (decrease) in operating liabilities:    
Repurchase agreements 2,997 2,089
Securities loaned 0 (13,902)
Accrued compensation (24,761) 1,656
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,483,416 571,266
Payables to related parties 59,073 (26,145)
Accounts payable, accrued and other liabilities 60,218 (39,684)
Net cash provided by (used in) operating activities 306,121 139,557
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (8,046) (28,586)
Capitalization of software development costs (31,707) (41,076)
Purchase of equity method investments (870) (1,103)
Proceeds from equity method investments 9,932 1,650
Payments for acquisitions, net of cash and restricted cash acquired 0 (7,871)
Proceeds from sale of marketable securities 0 14,237
Purchase of assets 0 (2,000)
Net cash provided by (used in) investing activities (30,691) (64,749)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of long-term debt and collateralized borrowings (264,669) (354,353)
Issuance of long-term debt and collateralized borrowings, net of deferred issuance costs 298,427 524,551
Earnings distributions to limited partnership interests and other noncontrolling interests (42,929) (63,109)
Redemption and repurchase of limited partnership interests (79,183) (11,899)
Dividends to stockholders (11,444) (56,814)
Repurchase of Class A common stock (227,052) (6)
Proceeds from sale of Cantor Units in BGC Holdings 5,145 0
Pre-acquisition cash capital contribution to Futures Exchange Group 3,845 0
Acquisition of Futures Exchange Group (9,022) 0
Payments on acquisition earn-outs (11,199) (8,540)
Net cash provided by (used in) financing activities (338,081) 29,830
Effect of exchange rate changes on Cash and cash equivalents and Cash segregated under regulatory requirements (5,507) (6,197)
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements including Cash and Cash segregated under regulatory requirements classified within Assets held for sale (68,158) 98,441
Less: Net increase (decrease) in cash classified within Assets held for sale (315,359) 0
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements (383,517) 98,441
Cash and cash equivalents and Cash segregated under regulatory requirements at beginning of period 853,406 640,838
Cash and cash equivalents and Cash segregated under regulatory requirements at end of period 469,889 739,279
Supplemental cash information:    
Cash paid during the period for taxes 33,055 30,043
Cash paid during the period for interest 51,026 48,036
Supplemental non-cash information:    
Issuance of Class A common stock upon exchange of limited partnership interests 145,680 1,029
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions 1,160 1,377
ROU assets and liabilities $ 2,947 $ 17,628