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BUSINESS SEGMENTS - Schedule of reportable segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Total revenues $ 838,597 $ 1,465,777 $ 939,483
Direct cost of services (213,901) (214,065) (118,535)
Cost of goods sold (167,634) (172,836) (60,754)
Other selling, general and administrative expenses (759,777) (764,926) (654,826)
Interest expense - Securities lending and loan participations sold (66,128) (145,435) (66,495)
Restructuring charge (1,522) (2,131) (9,011)
Depreciation and amortization (45,405) (49,604) (39,969)
Impairment of goodwill and other intangible assets (105,373) (70,333) 0
Segment (loss) income (475,738) 96,051 29,862
Interest income 3,621 3,875 2,735
Dividend income 4,462 12,747 7,851
Realized and unrealized losses on investments (263,686) (162,053) (247,540)
Change in fair value of financial instruments and other 4,614 (3,998) 10,188
Gain on bargain purchase 0 15,903 0
Income (loss) from equity method investments 31 (152) 3,570
Loss on extinguishment of debt (18,725) (5,409) 0
Interest expense (133,308) (156,240) (141,003)
Loss from continuing operations before income taxes (878,729) (199,276) (334,337)
(Provision for) benefit from income taxes (22,125) 39,115 65,252
Loss from continuing operations (900,854) (160,161) (269,085)
Net loss (774,939) (105,631) (156,594)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests (10,665) (5,721) 3,235
Loss from continuing operations (764,274) (99,910) (159,829)
Preferred stock dividends 8,060 8,057 8,008
Net loss available to common shareholders (772,334) (107,967) (167,837)
Net loss available to common shareholders (772,334) (107,967) (167,837)
Operating Segments      
Segment Reporting Information [Line Items]      
Segment (loss) income (403,185) 167,872 89,357
All Other:      
Segment Reporting Information [Line Items]      
Total revenues 91,236 48,356 13,797
Employee compensation and benefits (22,491) (11,252) (2,871)
Professional services (2,950) (2,433) (757)
Occupancy-related costs (10,085) (3,723) (334)
Direct cost of services (42,150) (30,072) (9,849)
Cost of goods sold (1,962) (353) 0
Other selling, general and administrative expenses (13,208) (6,300) (1,198)
Depreciation and amortization (5,989) (3,971) (1,438)
Services and fees | All Other:      
Segment Reporting Information [Line Items]      
Total revenues 89,449 47,992 13,797
Trading (loss) income      
Segment Reporting Information [Line Items]      
Total revenues (57,007) 21,603 (148,294)
Sale of goods      
Segment Reporting Information [Line Items]      
Total revenues 220,619 240,303 85,347
Sale of goods | All Other:      
Segment Reporting Information [Line Items]      
Total revenues 1,787 364 0
Fair value adjustments on loans      
Segment Reporting Information [Line Items]      
Total revenues (325,498) 20,225 (54,334)
Interest income - loans      
Segment Reporting Information [Line Items]      
Total revenues 54,141 123,244 157,669
Interest income - securities lending      
Segment Reporting Information [Line Items]      
Total revenues 70,862 161,652 83,144
Capital Markets segment:      
Segment Reporting Information [Line Items]      
Interest expense (633) (14,986) (5,928)
Capital Markets segment: | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues (68,281) 571,002 327,596
Employee compensation and benefits (123,520) (154,514) (176,253)
Professional services (4,012) (18,967) 59,807
Occupancy-related costs (8,189) (9,242) (9,226)
Other selling, general and administrative expenses (42,823) (42,270) (45,333)
Interest expense - Securities lending and loan participations sold (66,128) (145,435) (66,495)
Depreciation and amortization (3,155) (3,998) (8,493)
Impairment of tradenames $ 0 $ (1,733) $ 0
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration] Segment (loss) income Segment (loss) income Segment (loss) income
Segment (loss) income $ (316,108) $ 194,843 $ 81,603
Capital Markets segment: | Services and fees | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 192,499 249,036 292,933
Capital Markets segment: | Trading (loss) income | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues (60,285) 16,845 (151,816)
Capital Markets segment: | Fair value adjustments on loans | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues (325,498) 20,225 (54,334)
Capital Markets segment: | Interest income - loans | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 54,141 123,244 157,669
Capital Markets segment: | Interest income - securities lending | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 70,862 161,652 83,144
Wealth Management | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 200,746 198,245 234,257
Employee compensation and benefits (156,715) (152,309) (191,238)
Professional services (2,814) (3,127) (7,550)
Occupancy-related costs (11,464) (13,935) (16,797)
Other selling, general and administrative expenses (19,146) (21,408) (42,549)
Restructuring charge 0 (61) (4,955)
Depreciation and amortization (4,177) (4,308) (5,488)
Segment (loss) income 6,430 3,097 (34,320)
Wealth Management | Services and fees | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 197,468 193,487 230,735
Wealth Management | Trading (loss) income | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 3,278 4,758 3,522
Financial Consulting | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 92,176   50,357
Employee compensation and benefits (54,986) (48,158) (34,724)
Professional services (1,251) (1,067) (1,167)
Occupancy-related costs (3,641) (3,227) (2,646)
Other selling, general and administrative expenses (14,321) (11,596) (8,053)
Depreciation and amortization (379) (318) (201)
Segment (loss) income 17,598 12,917 3,566
Financial Consulting | Services and fees | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 92,176 77,283 50,357
Communications      
Segment Reporting Information [Line Items]      
Interest expense (9,288) (11,573) (5,099)
Communications | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 295,024 337,689 235,655
Employee compensation and benefits (33,351) (43,090) (32,012)
Professional services (5,022) (3,743) (4,706)
Occupancy-related costs (9,919) (11,629) (8,962)
Direct cost of services (165,302) (183,993) (108,686)
Cost of goods sold (6,088) (7,848) (8,592)
Other selling, general and administrative expenses (24,244) (25,180) (19,156)
Restructuring charge (379) (1,540) (4,056)
Depreciation and amortization (21,548) (25,941) (19,165)
Segment (loss) income 29,171 34,725 30,320
Communications | Services and fees | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 289,435 330,952 228,129
Communications | Sale of goods | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 5,589 6,737 7,526
Consumer Products      
Segment Reporting Information [Line Items]      
Interest expense (4,261) (7,924) (1,318)
Consumer Products | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 202,597   77,821
Employee compensation and benefits (39,650) (41,065) (9,645)
Professional services (8,544) (10,020) (3,043)
Occupancy-related costs (6,518) (6,606) (1,512)
Revenues - Sale of goods 202,597 233,202 77,821
Cost of goods sold (152,625) (164,635) (52,162)
Other selling, general and administrative expenses (6,812) (9,538) (1,103)
Restructuring charge (1,143) (530) 0
Depreciation and amortization (7,991) (9,918) (2,168)
Impairment of goodwill and other intangible assets (31,681) (68,600) 0
Segment (loss) income (52,367) (77,710) 8,188
E-Commerce      
Segment Reporting Information [Line Items]      
Interest expense (1,056) 0 0
E-Commerce | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 24,501 0 0
Employee compensation and benefits (10,732) 0 0
Professional services (3,681) 0 0
Occupancy-related costs (2,403) 0 0
Direct cost of services (6,449) 0 0
Cost of goods sold (6,959) 0 0
Other selling, general and administrative expenses (7,025) 0 0
Depreciation and amortization (1,469) 0 0
Impairment of goodwill and other intangible assets (73,692) 0 0
Segment (loss) income (87,909) 0 0
E-Commerce | Services and fees | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 13,855 0 0
E-Commerce | Sale of goods | Operating Segments      
Segment Reporting Information [Line Items]      
Total revenues 10,646 0 0
Corporate:      
Segment Reporting Information [Line Items]      
Employee compensation and benefits (45,156) (57,614) (61,719)
Professional services (32,200) (16,136) (7,496)
Occupancy-related costs (8,036) (7,659) (6,368)
Other selling, general and administrative expenses 20,444 20,085 19,539
Depreciation and amortization (604) (749) (801)
Segment (loss) income (475,738) 96,051 29,862
Revenues - Services and fees 598 0 0
Interest income 3,621 3,875 2,735
Dividend income 4,462 12,747 7,851
Realized and unrealized losses on investments (263,686) (162,053) (247,540)
Change in fair value of financial instruments and other 4,614 (3,998) 10,188
Gain on bargain purchase 0 15,903 0
Income (loss) from equity method investments 31 (152) 3,570
Loss on extinguishment of debt (18,725) (5,409) 0
Interest expense (118,070) (121,757) (128,658)
Loss from continuing operations before income taxes (878,729) (199,276) (334,337)
(Provision for) benefit from income taxes (22,125) 39,115 65,252
Loss from continuing operations (900,854) (160,161) (269,085)
(Loss) income from discontinued operations, net of income taxes 125,915 54,530 112,491
Net loss (774,939) (105,631) (156,594)
Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests (10,665) (5,721) 3,235
Loss from continuing operations (764,274) (99,910) (159,829)
Preferred stock dividends 8,060 8,057 8,008
Net loss available to common shareholders (772,334) (107,967) (167,837)
Net loss available to common shareholders $ (772,334) $ (107,967) $ (167,837)