Cowen Inc. COWNZ Cash Flow

Cowen inc. (COWNZ)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income (loss)
-72,111	29,274	4,464	11,837	10,295	4,341	17,523	30,006	28,009	-87,593	9,828	28,585	12,089	7,502	15,259	-27,161	-7,995	34,927	-6,002	10,632	19,418	144,626	10,529	13,598	14,027	5,203	8,370	3,348	919	-	-	-	-	-	-	22,495	880
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,617	-10,380	6,236	-	-	-	-
Adjustments to reconcile net income (loss) to net cash provided by / (used in) operating activities:
Depreciation and amortization
5,442	5,470	5,082	4,952	4,956	2,878	3,139	3,194	3,225	3,466	3,452	3,132	3,028	3,059	3,174	3,413	3,067	2,914	2,301	2,145	2,138	3,152	2,274	2,382	2,380	2,441	2,624	2,609	2,553	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
334	325	295	265	244	163	334	334	322	325	328	304	304	314	307	296	291	1,163	0	-291	291	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
1,109	1,087	1,092	1,070	1,349	1,296	1,306	1,429	1,442	1,834	1,902	1,859	1,840	1,778	1,741	1,701	1,665	1,628	1,593	1,557	1,524	1,444	1,482	1,448	311	0	0	0	0	-	-	-	-	-	-	-	-
Noncash lease expense
-1,200	459	-975	-826	-806	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	58	20	229	515	-92	-20	-2,158	-1,536	-1,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,427	2,363	2,155	19,467	3,328	2,011	2,058
Share-based compensation
8,281	6,694	10,043	9,364	7,817	9,382	8,556	8,839	10,241	3,741	6,797	9,126	8,779	6,768	6,235	6,613	6,423	5,529	5,341	6,708	4,162	4,011	3,809	5,677	4,800	4,112	4,310	4,741	4,752	4,206	7,052	7,582	5,944	8,072	6,150	6,938	7,148
Change in deferred taxes
1,682	-4,875	-2,423	-3,744	-2,253	-846	-3,687	-3,838	-7,115	-38,817	-1,838	-3,419	-1,782	14,361	-7,069	11,598	2,384	15,916	4,701	1,012	-3,663	130,724	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent obligations
-	-	-	-	-	-504	-1,593	-51	-888	-689	-1,328	50	-225	-246	-232	-509	107	-220	-660	-1,804	351	-719	-652	-1,156	179	-1,303	-982	2,674	-4,159	-	-	-	-	-	-	-	-
Deferred rent obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-288	-664	-	-149	-613	44
Net loss (gain) on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-23	0	-31	-1,264	-93	0	-218	-60	0	-253	-97	-30	0	0	0	-	-	-	-
Goodwill Impairment
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	4,270	-2,135	-200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities owned, at fair value
749,807	702,478	504,663	600,846	299,969	693,589	611,379	582,440	1,943,349	1,500,963	1,010,257	1,216,844	1,215,330	1,433,305	965,184	792,339	1,293,147	1,205,486	2,036,449	1,587,724	1,026,453	1,360,317	1,244,189	1,031,417	1,086,631	816,307	2,029,869	2,639,005	1,280,090	-	-	-	-	-	-	-	-
Proceeds from sales of securities owned, at fair value
845,779	760,419	530,916	362,060	389,551	703,230	550,138	719,306	2,060,263	1,511,591	992,054	1,304,178	1,324,115	1,273,947	953,524	956,012	1,263,611	1,483,072	1,922,423	1,381,657	1,252,567	1,258,803	1,149,390	936,215	928,377	878,302	2,094,911	2,629,294	1,454,999	-	-	-	-	-	-	-	-
Proceeds from sales of securities sold, not yet purchased, at fair value
416,453	457,804	262,641	200,065	439,565	661,499	343,876	512,854	1,276,205	646,013	493,251	606,600	710,012	673,871	486,262	788,221	1,068,580	727,060	897,043	581,613	525,223	621,749	568,576	434,786	367,854	322,534	732,824	987,411	697,603	-	-	-	-	-	-	-	-
Purchases of securities owned, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,674,848	1,643,802	-	1,696,516	1,343,999	3,709,677
Proceeds from sales of securities owned, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,652,835	1,579,427	-	1,690,427	1,140,383	3,693,913
Proceeds from sales of securities sold, not yet purchased, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,529,675	967,861	-	978,944	1,208,752	1,276,363
Payments to cover securities sold, not yet purchased, at fair value
334,068	468,971	348,709	229,073	361,290	694,489	292,520	554,654	1,386,253	644,874	368,196	757,697	673,243	611,901	601,225	930,992	910,751	733,810	788,141	559,638	592,564	629,754	555,233	384,938	328,177	316,276	788,062	1,023,920	646,438	805,461	1,178,734	1,409,069	994,775	1,306,844	811,228	1,160,296	1,275,464
Proceeds from other investments
15,693	4,193	11,519	4,645	3,529	2,844	3,443	3,870	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gains) losses on securities, derivatives and other investments
-38,039	16,476	15,494	9,994	32,320	-7,895	33,690	20,313	7,924	1,978	26,255	16,577	33,493	5,172	31,437	-10,567	2,836	1,776	-21,682	15,740	38,661	58,832	1,554	24,456	12,171	11,211	16,912	5,060	11,558	9,867	9,419	6,291	17,866	-	-	-	-
Consolidated Funds
Purchases of securities owned, at fair value
1,024,733	709,214	594,505	747,500	674,220	430,435	150,298	158,447	148,548	123,681	124,082	74,218	63,563	53,466	38,131	14,701	7,355	13,000	12,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities owned, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74,360	145,068	78,792	116,657	86,016	54,947	108,768	111,318	123,155	97,349	148,429
Net (gains) losses on securities, derivatives and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,200
Purchases of securities owned, at fair value, Consolidated Funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,155	97,349	148,429
Proceeds from sales of securities owned, at fair value
991,096	738,040	599,979	714,721	565,460	343,575	147,348	169,069	175,010	96,961	110,757	74,846	55,704	46,001	25,493	639	878	0	0	0	0	-	-	-	-	0	81,360	123,732	82,320	116,243	85,154	55,290	112,522	109,238	125,095	98,632	149,665
Purchases of other investments
1,240	610	0	2,502	296	1,421	0	1,333	81	0	17,578	50	8,578	0	391	9,478	212,028	13,814	2,290	75,216	985	168	33	13,528	6,007	3,524	0	0	973	1,512	1,151	2,843	4,279	3,248	4,007	3,001	8,100
Proceeds from other investments
6,669	89	6,697	15,994	1,174	727	220,543	5,515	4,774	13,158	20,231	16,690	14,788	3,030	1,655	11,576	855	12,695	13,611	266	4,845	12,858	4,251	105	17,011	17,678	17,925	2,918	18,352	8,276	21,809	4,406	7,580	21,053	18,648	28,981	58,982
Purchases of other investments, Consolidated Funds
1,240	610	0	2,502	296	1,421	0	1,333	81	0	17,578	50	8,578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,007	3,001	8,100
Proceeds from sales of other investments, Consolidated Funds
6,669	89	6,697	15,994	1,174	727	220,543	5,515	4,774	13,158	20,231	16,690	14,788	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,648	28,981	58,982
Net realized and unrealized (gains) losses on investments and other transactions
-74,071	38,975	29,429	8,187	14,309	-5,716	10,895	29,324	18,304	-15,156	9,141	23,144	11,138	12,897	23,605	-18,855	-245	6,803	-226	2,206	4,769	5,066	2,655	5,752	2,913	1,424	5,699	355	6,675	5,890	-2,165	-1,440	6,323	3,017	-3,644	6,256	-883
(Increase) decrease in operating assets:
Cash at Deconsolidation entity
-	-	-	-	-	-	-	-	3,371	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired upon transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Net realized and unrealized (gains) losses on investments and other transactions, Consolidated Funds
-74,071	38,975	29,429	8,187	14,309	-5,716	10,895	29,324	18,304	-15,156	9,141	23,144	11,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,644	6,256	-883
Cash collateral pledged
-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	3,615	72	956	-121	327	617	-556	133	-2,540	362	8	8	-14	-137	-109	12	-481	-47	21	-37	60	-19
Securities owned, at fair value, held at broker-dealer
-713,313	739,777	49,224	95,416	105,939	-67,008	35,663	102,274	-13,197	44,011	-73,555	101,426	30,255	-9,043	26,918	7,134	-8,004	5,819	-22,053	14,521	-13,164	8,239	1,733	-6,725	692	-7,002	-1,866	-22,828	11,616	22,164	-33,352	3,392	-26,836	-56,267	-168,963	84,985	-11,835
Receivable on derivative contracts, at fair value
20,889	22,893	7,534	10,557	-3,462	-7,104	7,033	-9,717	-34,265	37,073	1,276	12,692	-4,764	-4,526	2,456	-20,753	6,106	-1,969	-38,514	23,148	7,076	13,912	-9,078	-5,032	4,290	-1,489	-8,370	776	-1,590	-	-	-	-	-	-	-	-
Securities borrowed
216,989	-473,595	-162,330	423,509	559,062	-305,493	165,167	-49,969	154,942	71,781	270,522	-157,476	0	-	-	-	-	0	0	0	-676,100	-1,645,456	69,035	932,583	392,165	26,971	320,895	121,958	51,623	-121,528	0	0	0	-	-	-	-
Deposits with clearing organizations, brokers and banks
40,193	305	-6,273	-11,587	19,887	-9,223	3,990	-6,743	7,403	9,835	-3,987	22,564	4,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from brokers, dealers and clearing organizations
91,622	-35,939	100,266	-45,704	-123,041	141,721	-23,488	105,539	54,163	261,042	110,690	-77,172	71,737	10,272	-39,179	-7,673	4,785	-5,959	41,057	-39,156	24,843	-12,636	-26,724	64,927	-10,034	-590	42,067	-27,411	-19,284	-40,414	88,587	-51,586	4,778	-59,920	-3,371	-107,547	42,843
Receivable from customers, net of allowance
87,362	59,521	-41,354	50,761	-1,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from customers, net of allowance
-	-	-	-	-	-	-	-	3,925	-	18,686	-20,726	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees receivable, net of allowance
30,723	24,850	-24,992	-3,599	10,884	190	-26,706	1,921	30,996	830	-5,376	30,173	4,042	96	1,597	4,180	6,759	-18,051	-17,137	4,501	19,588	2,907	-3,064	-10,988	12,551	5,738	-3,234	5,827	1,644	6,576	3,324	-941	-3,317	1,075	-870	-7,764	-1,482
Due from related parties
-1,947	-1,100	-1,158	166	-5,028	1,360	-317	2,426	-4,874	-2,593	-2,845	-2,540	3,163	7,090	-2,780	1,130	-5,264	13,450	-1,512	3,783	-2,377	-2,697	-102	1,006	1,902	252	2,634	4,480	-1,478	-	-	-	-	-	-	-	5,841
Due from related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,171	724	-	-	-	-
Other assets
6,919	7,539	-28,307	13,581	13,688	10,556	-3,546	-4,965	-8,062	2,039	5,824	5,392	20,199	-13,398	1,273	10,916	11,257	-5,499	-1,405	-1,241	3,565	7,985	5,177	-4,783	5,308	-13,033	11,054	-6,135	5,296	-5,898	-857	-2,997	-304	-15,572	8,195	15,077	-6,312
Consolidated Funds
Cash and cash equivalents
8,847	27,510	7	1,179	-35,995	19,371	5,720	12,732	-18,322	10,832	-23,251	24,114	-7,468	7,391	2,428	-4,406	-1,586	-2,691	15,647	335	142	133	31	-1,488	-223	560	745	-3,077	261	1,667	1,585	-2,248	1,322	106	-598	-11,583	5,162
Receivable on derivative contracts, at fair value
11,459	1,948	-569	1,270	-1,232	2,505	273	-228	-654	1,478	27	106	16	464	369	-65	125	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from brokers
-5,296	8,057	-1,617	-20,027	31,223	-2,689	2,079	5,025	-1,731	-2,690	-1,376	421	3,311	645	5,333	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
94	169	-973	-21,493	22,456	385	62	33	58	99	-63	-166	7	-488	-248	-154	738	10	205	-235	-750	746	-3	5	-4,935	5,166	104	-6,149	6,407	-80	-254	170	-1,206	6	-26	-423	-26
Increase (decrease) in operating liabilities:
Other assets, Consolidated Funds
94	169	-973	-21,493	22,456	385	62	33	58	99	-63	-166	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	-423	-26
Securities sold, not yet purchased, at fair value, held at broker dealer
15,925	85,479	14,634	-106,913	283,919	-120,621	116,561	-10,330	40,622	19,326	-77,883	55,011	22,772	-14,794	23,983	4,112	-6,141	-4,613	-5,486	-17,687	16,039	-1,794	-29,783	39,298	-29,354	-1,689	29,102	-26,727	-11,680	21,408	1,095	-28,929	14,748	-25,361	-159,962	33,833	-5,644
Securities sold under agreement to repurchase
34,176	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-3,657	-2,654	0	-22,930	-136,704	42,106	-111,119	-59,233	65,408	89,946	-30,602	13,767	-36,493
Payable for derivative contracts, at fair value
11,624	28,007	10,309	-21,138	27,501	-13,920	6,128	3,972	6,125	-6,954	376	11,798	-6,619	3,741	2,165	-10,278	3,951	-4,895	-41,018	22,870	2,896	9,961	-21,984	3,320	6,648	-1,457	-4,719	701	3,101	-	-	-	-	-	-	-	-
Securities loaned
-604,072	262,219	-153,339	640,783	437,351	-133,777	114,163	-28,388	6,023	41,874	272,523	-143,925	0	-	-	-	-	0	0	0	-682,493	-1,642,189	74,120	939,659	392,326	25,256	313,147	122,307	48,895	-134,397	0	0	0	-	-	-	-
Payable to brokers, dealers and clearing organizations
59,078	6	30,000	66,480	-54,199	18,405	-30,317	-6,978	-4,532	96,050	-111,831	69,199	-85,858	83,093	117,920	-14,541	-107,952	-197,176	-40,845	141,738	-107,903	87,210	61,523	34,165	75,689	-73,511	6,964	53,606	-100,082	-12,992	-23,544	61,748	-48,314	-123,389	15,523	120,766	33,269
Payable to customers
58,590	-94,841	96,919	15,096	-112,103	54,677	-50,090	107,920	60,179	149,740	88,278	32,168	70,480	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commission management payable
41,068	-17,504	-7,607	-6,903	8,364	5,037	-1,939	12,367	9,354	-7,400	-14,633	4,947	1,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Compensation payable
-156,333	53,949	26,109	40,142	-159,154	31,061	62,039	40,797	-69,441	47,242	22,151	10,502	-70,745	38,938	46,600	-17,665	-128,152	47,168	14,949	13,427	-70,004	69,628	26,245	2,058	-19,667	20,984	13,584	-1,590	-46,014	17,276	4,217	1,270	-51,810	34,297	6,395	5,022	-57,821
Fees payable
-378	-12,085	-12,256	34,542	-11,226	307	-1,351	4,379	11,183	-3,446	808	-2,605	4,604	-3,365	4,113	778	-3,892	-13,658	12,583	-14,970	15,352	-3,969	1,155	-1,824	4,509	-1,886	4,721	41	-1,829	-398	-1,077	-2,644	3,134	2,792	-3,226	-2,672	-666
Due to related parties
0	-918	244	-85	-4,561	0	-3	30	-26	3	-7	1	0	316	-7	30	-95	9	-39	-39	-76	61	36	-31	26	-84	-61	-91	-44	-	-	-	-	-	-	-	-1,806
Due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-216	-927	-	-	-	-
Accounts payable, accrued expenses and other liabilities
24,234	-469	-20,900	8,949	9,272	16,196	-5,220	-6,446	13,193	-6,063	-3,469	9,344	13,234	-12,611	-5,035	4,672	3,841	2,409	-2,288	-2,020	-3,438	854	3,769	-276	3,028	-3,383	-2,264	-10,969	3,212	-8,467	919	-1,703	-3,703	7,263	-4,519	1,213	2,695
Consolidated Funds
Contributions received in advance
150	-	-	-	1,000	-	-	-	670	0	0	48	-2,048	2,000	0	-2,600	1,750	-4,150	5,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payable to brokers
399	-14,302	4,040	-2,777	-9,618	21,585	-56	376	865	-660	-6,858	6,519	-1,950	568	2,400	-1,583	2,314	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payable for derivative contracts, at fair value
13,297	-3,009	5,162	-2,941	3,894	-526	1,144	-935	-5,150	5,383	1,127	-256	304	296	276	-2	2	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due To Related Parties, Consolidated Funds
-581	-	-	-	0	-	-	-	-	0	0	0	-189	189	0	-1	265	-997	1,000	0	0	-	-	-	-	-	-	-	-	0	0	0	25	0	0	0	0
Accounts payable, accrued expenses and other liabilities
382	55	-40	67	-211	164	-20	152	73	108	-126	-101	-211	242	88	-509	707	-165	-55	55	67	128	32	-1,517	1,030	395	5	-142	-112	-628	453	335	-11	29	-446	-95	-1,070
Net cash provided by / (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	184,345	-53,354	-	18,986	-17,633	-340,620	109,928	-18,346	-119,504	-40,683	9,890	14,063	-19,149	-68,585	28,329	17,123	20,384	84,746	-	-	-	-	-	-	-	-
Due to related parties, Consolidated Funds
-581	-	-	-	0	-	-	-	-	0	0	0	-189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accounts payable, accrued expenses and other liabilities, Consolidated Funds
382	55	-40	67	-211	164	-20	152	73	108	-126	-101	-211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-446	-95	-1,070
Net Cash Provided by (Used in) Operating Activities
-78,857	-23,255	69,116	-95,741	-130,030	28,550	266,590	64,542	-35,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-156,724	-	187,564	114,186	33,429
Cash flows from investing activities:
Securities purchased under agreement to resell
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	224,573	-93,566	35,253	71,889	-160,817	-5,212	25,635
Purchases of other investments
17,650	3,913	6,386	4,051	5,462	6,737	1,128	8,752	11,475	-62,415	12,467	55,433	4,934	8,097	733	8,769	16,187	3,890	1,699	2,800	5,760	1,444	18,179	15,446	46,528	625	7,151	7,094	5,161	10,557	402	-2,552	6,441	4,799	15,915	4,967	35,683
Purchase of business
0	0	0	0	48,581	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to acquire loan held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash convertible note economic hedge transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,710	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of other investments
12,059	17,545	5,236	6,530	6,337	3,052	2,435	3,024	10,271	-46,381	19,003	82,947	16,180	24,254	7,134	16,743	5,937	20,798	1,262	1,056	35,050	6,450	10,529	53,490	11,603	4,222	2,166	7,968	15,534	4,262	1,607	-1,824	9,253	1,183	12,567	3,990	35,577
Payments to Acquire Loans Receivable
-	-	-	-	-	-	-	-	3,050	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loans held for investment
0	0	0	-13	13	-1,396	1,397	3	10	3	800	1,200	1,200	1,200	1,200	1,200	39,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of fixed assets
2,485	7,020	4,196	1,982	1,684	1,876	5,313	246	1,151	2,930	881	2,025	150	700	219	2,311	12,383	1,839	3,765	1,125	301	-4,666	1,033	1,578	4,279	357	230	317	237	207	611	639	445	753	1,523	1,720	2,543
Net Cash Provided by (Used in) Investing Activities
-8,076	6,612	-5,346	484	-49,377	-6,957	-2,609	-2,921	-5,395	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,620	-	-165,688	-7,909	22,986
Proceeds from Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	149,500	0	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by / (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-27,328	12,296	-	24,685	605	16,567	-54,411	-19,138	12,131	13,989	8,432	-8,683	37,706	-74,914	3,240	-5,215	557	10,136	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Repayments on convertible debt
0	0	0	0	20,860	0	0	13,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred debt issuance cost
-	-	-	-	-	0	102	3,779	104	7,176	0	0	0	-	-	-	-	-	-	-	-	2,930	0	77	3,643	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from Issuance of Warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,218	0	0	0	0	-	-	-	-	-	-	-	-
Borrowings on notes and other debt
62,812	2,725	29,465	53,596	1,579	0	-3,134	17,455	88,061	139,411	0	29,490	2,247	0	-71	8,637	22,072	5,000	0	0	2,140	59,175	0	0	6,217	0	0	0	2,044	0	0	0	0	-	-	-	-
Repayments on notes and other debt
933	2,429	2,783	4,657	394	10,040	3,574	1,512	1,475	-	6,105	1,236	1,504	1,455	26,444	1,241	660	644	819	806	1,030	714	890	886	1,137	806	1,007	1,003	797	384	340	419	375	372	596	24,087	1,521
Purchase of treasury stock
18,018	5,064	2,074	3,421	4,658	14,999	5,901	3,278	7,584	19,662	-11,279	11,279	0	1,640	0	2,443	3,571	6,981	19,128	15,364	7,205	8,711	6,029	7,887	3,411	10,074	2,423	0	235	2,586	3,736	3,611	905	3,137	8,228	0	0
Cash dividends paid
1,428,000.00	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash conversion liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,710	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
1,698	1,698	1,698	1,698	1,698	-	-	-	-	1,698	1,698	1,698	1,698	-	1,698	1,698	1,698	1,717	1,603	755	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent liability payment
782	-1	0	0	1,235	0	227	570	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid to acquire net assets (contingent liability payment)
-	-	-	-	-	-	-	-	-	-	-	-100	-167	-	1,135	-3,493	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid to acquire net assets (contingent liability payable)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,617	108	-	364	78	76	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions by redeemable non-controlling interests in operating entities
286	0	0	9,085	2,025	0	741	0	200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid to acquire net assets (contingent payable)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Capital withdrawals to redeemable non-controlling interests in operating entities
462	2,072	367	1,000	346	1,089	572	600	513	550	850	1,719	2,059	0	1,851	2,877	2,267	5,657	2,480	1,266	4,457	-1,296	5,644	431	3,500	776	1,475	375	432	450	450	225	2,042	3,000	0	2,009	0
Consolidated Funds
Capital contributions by redeemable non-controlling interests in Consolidated Funds
207,263	53,326	22,238	31,537	159,948	89,470	5,657	10,878	8,059	57,490	25,173	11,951	23,198	40,194	4,849	14,238	217,633	21,436	11,895	67,823	3,379	168	33	3,528	6,007	3,525	1,475	9,380	300	0	0	0	0	0	0	534	3,504
Capital withdrawals to redeemable non-controlling interests in Consolidated Funds
166,238	22,618	30,431	40,756	17,845	6,171	212,050	12,095	46,041	15,025	28,733	9,688	12,357	3,257	2,338	4,471	78	4,385	4,741	-16	2,404	4,305	1,432	0	11,174	4,575	6,142	6,511	5,645	2,962	6,694	1,756	3,653	3,343	9,105	11,051	32,008
Capital contributions by non-controlling interest in Consolidated Funds
207,263	53,326	22,238	31,537	159,948	89,470	5,657	10,878	8,059	57,490	25,173	11,951	23,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	534	3,504
Capital withdrawals to non-controlling interest in Consolidated Funds
166,238	22,618	30,431	40,756	17,845	6,171	212,050	12,095	46,041	15,025	28,733	9,688	12,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,105	11,051	32,008
Net Cash Provided by (Used in) Financing Activities
80,802	23,272	16,048	44,602	116,516	57,171	-219,162	-7,001	40,603	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,433	-	-48,531	-22,353	-66,518
Net cash provided by / (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	17,419	9,358	-	-24,740	8,121	232,614	8,861	-15,369	158,414	-8,149	45,021	-14,226	-5,110	150,344	-16,066	-9,572	-21,011	-141,469	-	-	-	-	-	-	-	-
Change in cash and cash equivalents
-6,131	6,629	79,818	-50,655	-62,891	78,764	44,819	54,620	-298	-11,267	7,383	174,436	-31,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,931	-8,907	-91,439	64,378	-52,853	51,041	-34,843	63,343	-8,846	13,447	6,845	15,503	2,336	-70	-46,587	27,762	-24,293	11,865	-60,671	45,355	-26,655	83,924	-10,103
Supplemental information
Cash paid during the year for interest
29,560	47,514	46,103	43,438	8,822	28,472	23,310	26,796	12,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the year for taxes
950	495	235	2,149	1,431	-981	2,629	1,521	712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock, at cost, through net settlement
2,825	-7,203	10,405	7,344	4,671	3,766	168	3,466	4,910	456	154	6,824	4,455	42	231	4,550	4,012	351	36	5,743	2,777	39	260	3,431	1,919	493	348	2,631	177	1,336	811	1,841	0	-	-	-	-
Net assets (liabilities) acquired upon acquisition (net of cash)
-	0	0	0	90,727	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash transfer of net assets from Unconsolidated Master Fund to Consolidated Fund
-	0	0	0	97,655	0	0	8,820	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in redeemable non-controlling interests in Consolidated Funds due to deconsolidation of consolidated fund
-	-	-	-	-	0	0	0	32,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non compete agreements and covenants with limiting conditions acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	460	167	0	0	0	-	-	-	-
Common stock issuance upon close of acquisition
618	0	0	0	14,446	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	0	0	6,297	0	0	0	0	-	-	-	-
ProceedsFromSecuritiesSoldNotYetPurchasedAtFairValue,ConsolidatedFunds
-	-	-	-	-	-	-	-	-	0	0	0	217	0	0	177	2,049	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Securities Sold Not Yet Purchased at Fair Value, Consolidated Funds
-	-	-	-	-	-	-	-	-	0	0	0	899	701	151	92	855	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Acquired from Acquisition
-	-	-	-	-	-	-	-	-	0	0	159,587	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,747	-	-	-	-	-	-	-	-
Net assets of consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-552	19,073	0	0	3,470	0
Net assets of deconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-267	73,309	-	-	0	0	-	-	-	-	-	-	-	-	0	0	0	17,104	0	0	0	0
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-58	-20	-229	-515	92	20	2,158	1,536	1,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-