| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net Income | ||||||
63,787 | 42,558 | -28,326 | 5,108 | -6,175 | ||
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities | ||||||
Equity-Based Compensation Expense | ||||||
111,568 | 117,991 | 115,928 | 89,010 | 38,614 | ||
Depreciation and Amortization Expense | ||||||
14,496 | 9,973 | 8,143 | 14,026 | 14,760 | ||
Amortization of Operating Lease Right-of-Use Assets | ||||||
18,312 | - | - | - | - | ||
Bad Debt Expense | ||||||
- | - | - | 4,132 | -2,260 | ||
Foreign Currency Transaction (Gains) Losses | ||||||
- | - | - | -710 | - | ||
Deferred Taxes | ||||||
11,509 | -7,832 | 30,961 | 2,293 | -3,718 | ||
Gain on Reversal of Amount Due Pursuant to Tax Receivable Agreement | ||||||
- | - | 1,561 | - | - | ||
Other | ||||||
-3,566 | -708 | 759 | - | -834 | ||
Cash Flows Due to Changes in Operating Assets and Liabilities | ||||||
Accounts Receivable | ||||||
11,059 | 36,593 | -41,179 | 64,853 | 4,517 | ||
Receivable from Affiliates | ||||||
- | - | - | - | -28,464 | ||
Due from Blackstone | ||||||
- | - | - | - | -35,042 | ||
Deferred Tax Assets | ||||||
- | - | - | - | 66,090 | ||
Other Assets | ||||||
17,612 | 930 | 8,700 | 429 | 12,126 | ||
Accrued Compensation and Benefits | ||||||
29,944 | -5,417 | -46,098 | 63,160 | 53,146 | ||
Accounts Payable, Accrued Expenses and Other Liabilities | ||||||
1,355 | -1,602 | -322 | -1,119 | 20,556 | ||
Operating Lease Liabilities | ||||||
-18,546 | - | - | - | - | ||
Deferred Rent Liability | ||||||
- | -638 | 324 | 4,604 | 12,414 | ||
Deferred Tax Liability | ||||||
- | - | - | - | 106 | ||
Taxes Payable | ||||||
-2,209 | 4,811 | 867 | -145 | 512 | ||
Deferred Revenue | ||||||
6,294 | -89 | -421 | 354 | -1,097 | ||
Net Cash Used in Operating Activities | ||||||
211,405 | 122,940 | 111,215 | 116,851 | 112,183 | ||
Note Issued to Employee | ||||||
- | - | - | - | 550 | ||
Proceeds from Repayment of Note Issued to Employee | ||||||
- | - | - | 538 | - | ||
Cash Paid for Acquisition, Net of Cash Received | ||||||
- | 61,463 | - | - | - | ||
Cash from Acquisition of PJT Capital LP | ||||||
- | - | - | - | 12,653 | ||
Purchases of Investments | ||||||
11,253 | 22,000 | 57,163 | - | - | ||
Proceeds from Sales and Maturities of Investments | ||||||
10,859 | 59,176 | 19,988 | - | - | ||
Purchases of Intangible Assets | ||||||
- | - | - | - | 1,337 | ||
Purchases of Furniture, Equipment and Leasehold Improvements | ||||||
8,811 | 7,206 | 1,062 | 13,088 | 34,582 | ||
Settlement of Acquisition-Related Escrow | ||||||
-7,485 | - | - | - | - | ||
Net Cash Provided by (Used in) Investing Activities | ||||||
-1,720 | -31,493 | -38,237 | -12,550 | -24,186 | ||
Financing Activities | ||||||
Dispositions of Furniture, Equipment and Leasehold Improvements | ||||||
- | - | - | - | 457 | ||
Change in Restricted Cash | ||||||
- | - | - | - | 827 | ||
Dividends | ||||||
4,645 | 4,319 | 3,796 | 3,728 | - | ||
Proceeds from Revolving Credit Facility | ||||||
15,000 | - | - | - | - | ||
Payments on Revolving Credit Facility | ||||||
15,000 | - | - | - | - | ||
Proceeds from Term Loan | ||||||
- | 30,000 | - | - | - | ||
Principal Payments on Term Loan | ||||||
8,500 | - | - | - | - | ||
Tax Distributions | ||||||
11,428 | 15 | 23,859 | 12,381 | 4,663 | ||
Contributions from Former Parent | ||||||
- | - | - | - | 49,371 | ||
Distribution to Former Parent | ||||||
- | - | - | - | 88,895 | ||
Employee Taxes Paid for Shares Withheld | ||||||
9,598 | 22,432 | 4,074 | 266 | - | ||
Cash-Settled Exchanges of Partnership Units | ||||||
19,000 | 68,900 | 45,511 | 16,054 | - | ||
Treasury Stock Purchases | ||||||
47,812 | 64,870 | 2,302 | - | - | ||
Payments Pursuant to Tax Receivable Agreement | ||||||
210 | 10 | - | - | - | ||
Principal Payments on Finance Leases | ||||||
145 | 106 | 97 | 88 | 21 | ||
Net Cash Used in Financing Activities | ||||||
-101,291 | -130,680 | -79,639 | -32,517 | -44,208 | ||
Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||||||
1,446 | -276 | -151 | -2,502 | - | ||
Net Decrease in Cash and Cash Equivalents | ||||||
109,840 | -39,509 | -6,812 | 69,282 | 43,789 | ||
Supplemental Disclosure of Cash Flows Information | ||||||
Payments for Income Taxes, Net of Refunds Received | ||||||
3,843 | 501 | 15,106 | 6,813 | 3,518 | ||
Payments for Interest | ||||||
1,386 | 368 | - | - | - | ||
Non-Cash Receipt of Shares | ||||||
- | 2,254 | - | - | - | ||
Supplemental Disclosure of Significant Non-Cash Activities | ||||||
Non-Cash Contributions from Former Parent | ||||||
- | - | - | 8,566 | - | ||
Furniture, Equipment and Leasehold Improvements, Net Included in Accounts Payable, Accrued Expenses and Other Liabilities | ||||||
- | - | - | - | 7,296 | ||
CamberView | ||||||
Assets Acquired | ||||||
- | 150,256 | - | - | - | ||
Liabilities Assumed | ||||||
- | 15,696 | - | - | - | ||
Equity Purchase Price Consideration | ||||||
- | 73,097 | - | - | - | ||