STIFEL FINANCIAL CORP SFB Cash Flow

Stifel financial corp (SFB)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows From Operating Activities:
Net income
86,589	130,668	110,122	109,757	99,439	114,062	103,858	87,287	88,761	-1,988	66,536	52,811	65,512	26,880	17,814	9,771	27,055	11,172	17,179	20,888	43,097	45,181	39,903	43,601	47,382	-	-	-	-	39,954	37,710	26,136	34,773	27,016	22,304	3,416	31,398	41,394	-84,336	21,109	23,740
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
9,378	9,470	8,520	10,120	10,290	7,397	7,036	6,803	6,664	5,524	10,327	7,627	9,022	11,219	10,324	10,975	10,629	9,329	12,487	6,947	7,952	7,553	7,421	7,193	7,113	8,826	8,552	16,602	7	8,108	7,393	7,376	7,189	9,143	7,054	6,464	5,606	-	-	6,237	5,342
Amortization of loans and advances to financial advisors and other employees
27,729	25,767	24,020	23,670	21,596	23,591	21,231	21,411	19,141	22,201	23,035	22,747	23,611	41,708	19,967	14,084	18,995	3,384	21,837	12,923	15,769	15,450	16,705	16,286	16,294	16,562	17,364	30,988	15	14,460	14,497	14,259	13,931	13,661	13,718	14,276	14,268	14,676	11,958	11,427	12,101
Amortization of premium on investment portfolio
-6,210	-7,542	-11,604	-6,356	-8,727	-6,593	-7,237	-5,831	-5,646	-4,589	-5,284	-2,134	-3,830	-3,697	-3,906	-3,033	-1,622	-193	-335	-1,030	-1,192	-1,462	-1,267	-2,158	-960	-2,753	-4,000	-1,570	2	-4,938	-4,550	-3,779	-2,886	-3,581	-3,162	-2,437	-3,602	-3,203	-2,136	-1,324	-1,889
Provision for loan losses and allowance for loans and advances to financial advisors and other employees
19,253	5,170	999	3,227	1,611	5,621	7,385	3,937	2,658	6,960	8,230	4,536	6,259	6,391	4,823	2,008	4,571	9,185	1,116	2,193	2,200	2,881	2,140	2,805	1,887	4,223	2,944	3,449	1	1,772	68	662	955	-	-	-	-259	1,039	-2	-489	-425
Amortization of intangible assets
5,000	5,000	3,900	3,500	3,600	3,900	3,000	2,962	2,738	3,008	2,846	3,265	2,981	3,869	2,550	5,034	2,974	4,471	2,279	1,731	1,942	2,604	1,558	1,723	6,481	7,986	1,318	2,825	1	1,183	1,192	1,192	1,329	1,723	1,211	1,313	1,064	-	-	708	764
Deferred income taxes
17,098	6,710	-14,084	-1,591	2,102	13,536	-5,845	-9,924	16,487	103,254	-72,998	68,000	19,873	19,614	-28,203	-18,328	72,979	-14,546	-7,983	-32,672	49,469	-25,713	-8,266	-18,540	43,917	44,298	-80,171	9,469	14	-8,353	-422	22,780	31,514	1,987	11,179	-10,753	23,351	6,373	-54,717	-2,393	-3,476
Tax deficit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	893	-600	-982	-4,215	-2,290	4,577	686	11,768	1,638	1,012	276	16,932	1,572	1,133	9,304	8	2,212	1,153	919	12,438	-325	1,614	1,111	22,463	3,207	1,158	439	12,683
Stock-based compensation
30,762	23,861	23,886	22,324	32,119	25,407	27,740	20,570	27,072	58,848	26,347	27,351	27,915	37,210	54,744	63,899	30,450	55,072	29,409	58,804	22,356	23,154	23,765	28,779	18,308	12,612	36,752	88,012	70	11,534	10,982	11,268	6,963	6,849	5,194	7,588	6,780	7,129	151,173	16,606	15,823
(Gains)/losses on sale of investments
-31,043	6,643	-13,205	12,310	2,174	-12,338	-2,909	-4,649	-2,884	-529	1,033	-604	2,459	-1,883	231	-85	-3,826	847	-15,043	-728	5,669	-916	-4,051	3,162	1,783	-1,683	-11,016	-616	-3	16,162	22,642	-1,322	7,952	-1,937	-4,610	1,353	3,317	4,197	1,208	34	-8
Other, net
5,464	6,492	6,391	19,242	6,429	-75,853	83,335	-630	3,871	-660	-266	-1,112	-999	-197	-3,615	-3,388	2,524	13,437	-7,290	3,630	3,382	7,788	-168	1,179	979	-27,432	23,523	268	0	-324	190	261	-308	-90	90	208	633	-2,259	4,823	1,189	-131
Decrease/(increase) in operating assets, net of assets acquired:
Cash segregated for regulatory purposes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59,310	23,083	-190,676	-	171	23	-49,519	49,607	1	1	-4,266	-149	4	-127,869	-127	125,828	3	4	-299	3	5	-4,994	-996	-	-	-	-
Receivables:
Brokerage clients
117,920	-177,168	49,192	-37,298	182,761	-265,187	25,912	510	56,146	-157,745	74,593	-32,041	83,353	-327,044	15,945	-83,057	216,856	-891,151	48,660	-102,684	-58,082	78,112	8,024	25,103	-52,322	-6,886	28,736	-64,421	-55	31,220	48,726	1,544	-9,270	-33,036	-35,193	-7,225	-6,756	26,624	-62,300	-28,422	-29,667
Brokers, dealers, and clearing organizations
76,604	-148,003	-93,951	177,843	72,766	-130,546	-26,040	127,210	85,843	123,194	-22,847	-197,763	-469,038	476,282	-24,285	-130,355	117,959	-49,443	-184,159	351,056	-200,414	-354	-90,397	200,016	154,126	-166,514	-190,591	387,561	177	63,477	-98,814	74,303	-15,378	-6,638	-74,850	-14,295	77,388	10,195	40,051	-168,858	55,480
Securities purchased under agreements to resell
-73,960	239,041	-27,477	-28,538	131,866	-77,539	-56,320	102,961	-156,782	-53,885	19,756	-159,243	-70,260	49,239	-4,061	-85,820	-47,523	-71,956	154,477	-44,332	-143,534	70,435	96,696	72,054	-69,188	-56,893	-42,959	33,469	2	-16,731	14,784	-52,790	-28,503	45,549	-23,319	116,548	-90,616	12,458	-47,407	47,433	-11,247
Financial instruments owned, including those pledged
-40,421	-225,308	-162,467	54,868	-2,641	104,717	-114,691	96,376	37,363	78,181	1,852	5,562	131,791	-223,740	62,310	57,694	279,338	-59,232	-131,837	76,044	24,309	-165,292	-87,493	36,289	190,216	-46,158	118,833	-142,767	39	-1,788,720	-4,734	622,805	-346,809	-1,095,789	-77,520	42,554	117,240	-1,280,981	155,057	-109,651	131,258
Loans originated as held for sale
474,824	554,918	591,643	429,706	272,301	241,921	339,313	355,674	404,200	411,732	403,389	400,221	349,044	738,540	825,974	674,139	419,601	508,167	378,483	504,977	464,087	320,960	321,006	289,992	200,713	206,479	232,280	836,450	437	-868,035	486,514	569,405	100,773	-595,129	289,175	169,587	179,834	-786,391	374,631	220,301	166,143
Proceeds from mortgages held for sale
506,936	526,632	496,050	426,295	333,478	293,320	272,028	405,842	373,919	363,618	373,594	459,680	361,435	731,598	851,895	568,571	472,886	496,926	412,444	510,047	394,751	303,436	336,273	267,115	205,494	175,013	306,674	890,388	476	-2,678,561	390,870	1,040,809	-356,192	-1,669,310	230,387	143,741	234,725	-1,845,679	328,504	201,765	184,882
Loans and advances to financial advisors and other employees
40,554	63,502	39,212	57,716	50,216	49,049	30,698	31,575	5,599	25,516	13,594	11,232	21,873	31,170	13,900	22,343	25,417	118,766	19,996	37,690	10,782	27,724	13,860	24,637	12,995	12,106	27,777	31,961	12	10,597	11,245	16,903	25,203	16,161	8,314	7,922	14,029	75,738	-10,651	-10,768	-7,943
Other assets
51,427	-4,712	-7,949	24,594	24,357	33,105	-84,794	-15,868	69,119	36,502	-40,836	31,105	87,104	23,845	-14,160	15,778	133,412	-81,051	-47,388	-4,845	32,614	45,277	-57,289	-19,204	33,725	-41,807	-38,745	823	66	-29,836	-22,841	9,082	35,119	-51,900	16,310	9,483	11,265	10,378	-13,139	-182	-19,530
Increase/(decrease) in operating liabilities, net of liabilities assumed:
Brokerage clients
205,936	-280,473	118,775	151,215	-200,229	209,634	-92,756	-78,428	-29,277	80,786	-73,937	75,959	-96,616	-89,344	-32,883	-113,173	76,992	576,573	-25,985	117,547	10,791	2,243	-4,458	-3,559	8,328	-14,930	45,398	-7,065	30	-34,417	80,303	-41,694	45,431	4,037	-26,900	62,743	-6,636	-5,897	-108	-8,706	12,470
Brokers, dealers, and clearing organizations
106,196	7,111	-38,084	73,156	21,639	-196,846	98,229	63,531	18,703	-143,459	28,982	-40,083	74,655	-19,293	-47,251	8,231	-3,792	48,273	-7,459	59,111	-1,624	-43,495	-11,337	-4,917	51,551	-19,403	-13,768	37,116	30	-20,764	16,884	-11,202	13,590	-8,518	-83,396	61,979	-42,560	-58,847	106,275	-21,182	-12,995
Drafts
-29,019	34,943	-8,569	-7,240	-4,263	13,248	25,286	-9,818	-30,872	29,681	17,424	-23,491	-11,022	34,542	-8,909	-5,685	-109,354	114,341	9,937	4,738	-20,357	16,609	-9,960	-1,475	-4,686	19,559	-1,700	-33,549	-32	27,036	3,910	2,860	-19,274	30,524	-2,470	-7,439	-17,962	-34,639	60,652	-8,255	-11,474
Financial instruments sold, but not yet purchased
5,943	-242,945	-50,547	-22,772	31,754	35,932	-33,307	-14,854	180,672	29,540	43,746	-48,881	55,426	33,275	50,072	-59,156	153,097	9,421	-54,403	21,845	-42,384	-25,758	-72,320	-29,773	233,902	-43,042	17,934	110,017	217	-49,372	-40,457	142,907	3,574	-6,754	-19,275	-75,944	167,269	-71,247	17,924	-116,362	92,455
Other liabilities and accrued expenses
-234,445	171,399	93,547	25,884	-252,199	44,711	32,715	139,116	-238,121	43,998	159,562	103,100	-170,766	91,792	142,194	-26,975	-210,511	55,552	-25,911	65,257	-288,049	187,876	11,299	67,567	-248,454	69,000	58,640	-78,525	-126	-13,573	56,126	8,882	-119,349	11,800	2,040	67,461	-151,611	57,356	66,489	46,882	-116,432
Net cash used in operating activities
-5,691	593,556	343,716	56,429	-366,840	577,611	166,694	157,069	-371,848	-215,296	357,408	274,830	262,974	-261,860	252,482	-370,422	-61,608	-82,287	570,909	-271,924	-300,425	371,618	341,893	-57,870	-338,278	269,102	343,253	89,807	56	-213,575	252,138	-113,070	-189,760	174,973	-52,252	174,937	-252,244	187,739	-69,805	102,944	-79,390
Cash Flows From Investing Activities:
Principal paydowns, sales, calls, and maturities of available-for-sale securities
385,131	189,878	624,430	316,962	93,349	480,452	305,320	328,736	129,926	135,418	129,274	522,421	198,407	263,498	35,793	73,357	31,303	13,458	124,632	656,519	72,290	156,330	296,995	165,460	80,110	59,723	68,680	307,355	68	176,796	164,576	124,965	63,783	119,459	257,633	206,354	71,512	158,715	87,853	30,223	32,855
Calls and principal paydowns of held-to-maturity securities
155,184	25,275	200,400	141,869	114,535	384,610	104,967	108,156	230,172	176,879	61,122	64,545	67,473	87,526	70,227	56,109	37,577	43,317	30,038	29,717	23,186	22,213	28,165	20,544	25,696	33,318	28,967	31,401	16	-	-	-	-	-	-	-	-	-	-	-	-
Sale or maturity of investments
2,252	-	-	-	-	100	12,403	2,367	9,575	3,445	16,752	6,231	2,411	6,560	7,465	13,172	12,978	12,361	2,047	15,054	35,858	12,150	14,541	24,215	9,522	15,994	25,136	49,112	22	20,359	25,485	43,699	15,534	1,826	24,203	33,625	16,609	26,508	41,015	21,188	16,992
Disposition of business
37,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Calls of held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	-	-	-	-
Sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	131	-	-	-	-	-	53	9	75	121	248	332	228	-	-	-	-
Sale of bank foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	632	1,302
Increase in loans held for investment, net
593,296	616,270	138,499	258,862	195,186	268,748	405,704	274,528	130,566	172,835	630,975	301,812	269,337	640,528	789,380	704,566	327,931	142,369	18,614	166,397	190,183	200,025	110,675	262,457	95,197	4,180	77,622	167,148	67	67,428	34,972	52,181	25,534	65,317	90,866	79,805	7,604	27,683	-5,366	25,203	7,694
Payments for:
Purchase of available-for-sale securities
601,660	810	238,655	250	250	218,505	126,750	112,762	92,145	233,336	364,006	594,442	391,585	324,000	709,732	397,980	529,707	991,531	224	0	199	145,303	138,845	15,901	116,802	188,646	107,951	1,017,507	185	337,764	311,626	103,417	192,536	26,622	505,922	111,438	251,409	-	-	-	-
Purchase of held-to-maturity securities
384,700	-	-	-	-	39,000	151,500	782,597	379,490	321,250	309,200	183,750	219,500	885,741	192,647	148,660	210,677	-	-	-	-	0	0	0	7,959	0	0	16,421	16	54,262	138,301	201,962	136,854	39,845	54,781	14,070	11,264	-	-	-	-
Purchase of fixed assets
53,002	41,590	14,624	28,815	72,868	89,936	5,972	7,713	4,586	7,064	4,383	8,756	8,014	6,896	7,156	4,889	9,270	8,159	29,354	11,313	20,996	4,248	10,277	5,676	6,431	11,201	7,772	13,300	4	5,014	5,443	4,478	3,902	27,169	6,380	8,063	18,118	5,850	10,078	5,625	6,183
Purchase of investments
12,900	-	-	-	-	-	-	-	-	2,704	36	1,406	150	-595	4,631	3,929	1,313	28,065	-13,197	11,021	19,262	11,644	74	1,747	35,369	1,127	2,127	68,465	57	21,975	37,437	8,995	12,480	47,729	38,108	21,514	12,369	23,091	43,898	24,494	30,402
Acquisitions, net of cash received
-	56,901	107,960	-287	28,523	8,993	-29,808	0	29,209	477	-2,327	0	9,070	459	0	3,244	68,680	623,115	0	-19,417	961	-	-	-	-	-76,708	196	164,949	154	-	-	-	-	-	-	-	-	-17	0	0	500
Net cash used in investing activities
-1,065,991	-516,795	83,526	171,885	-88,943	260,429	-237,428	-745,919	-266,323	-421,924	-1,099,125	-496,969	-629,365	-1,490,702	-1,577,464	-1,120,630	-1,065,720	-2,526,696	121,722	531,976	-100,267	-211,721	48,568	-83,484	-146,299	26,540	-72,712	-1,059,722	-379	-404,420	-327,165	-202,360	-291,914	-95,443	-413,773	5,521	-211,915	-226,143	-142,329	-205,202	6,370
Cash Flows From Financing Activities:
Proceeds from borrowings, net
198,000	-	-	-	218,315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from/(repayments of) short-term borrowings, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	238,497	-	-	-	-	-	-	-46,900	359,200	-	-373,600	201,734	265	206,800	-184,100	94,600	-12,000	-111,200	80,200	-69,300	190,100	-97,500	43,200	-21,000	94,100
Proceeds from issuance of senior notes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	146,089	0	0	170,291	-	-	-	-	-	-	-	-
Proceeds from borrowings, net
-	-	-	-	-	-	-	-	60,000	-	-	-	-178,000	-	-	-	-	-	-240,951	307,068	20,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from advances from the FHLB, net
-	-	-	-	-	-	-	-	82,000	-45,000	0	0	290,000	0	-365,000	365,000	352,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Federal Home Loan Bank advances, net
-	-	-	-	290,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
2,208	2,601	0	3,931	2,994	937	0	4,009	7,900	-	-	3,351	8,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase/(decrease) in securities sold under agreements to repurchase
83,894	-173,258	-197,390	295,998	-93,419	39,910	-18,850	168,132	112,498	78,308	-88,603	24,272	-48,819	6,812	-55,268	26,273	12,055	171,737	-235,413	86,492	216,678	-104,634	-145,766	43,421	-17,650	8,358	95,166	19,970	-31	61,909	-74,847	11,165	61,943	27,371	10,341	-101,042	33,911	10,650	40,361	-48,033	-15,916
Increase/(decrease) in bank deposits, net
1,548,352	495,935	-64,415	-148,816	-813,736	1,360,661	111,086	561,226	-82,312	527,974	833,487	349,513	173,478	1,642,042	2,004,222	663,119	579,744	2,521,545	-197,126	-520,103	43,959	237,559	-101,134	48,396	-58,063	-478	221,355	660,706	210	422,462	146,987	418,772	286,174	-49,025	479,684	15,189	2,322	247,584	120,692	284,649	-58,948
Increase/(decrease) in securities loaned
-272,560	-10,572	24,621	-32,866	132,952	-298,987	90,018	171,759	209,590	1	-42,565	-17,862	-106,474	77,783	25,047	195,327	-151,319	282,955	-56,694	99,004	442	-21,593	682	-10,721	-4,282	-128,220	85,523	63,598	46	-70,106	-61,891	10,853	15,936	5,019	4,553	2,604	85,361	-74,933	31,010	30,017	25,064
Tax deficit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	893	-600	-982	-4,215	-2,290	4,577	686	11,768	1,638	1,012	276	16,932	1,572	1,133	9,304	8	2,212	1,153	919	12,438	-325	1,614	1,111	22,463	3,207	1,158	439	12,683
Tax payments related to shares withheld for stock-based compensation plans
68,497	2,843	1,433	1,145	27,847	3,414	1,418	1,863	36,534	138,502	-10,440	3,728	82,954	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from preferred stock issuance, net
-	0	0	-306	155,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from non-controlling interests
-	0	0	0	26,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock conversions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,426	2,105	35,976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	0	0	1,504	774	-	-	-	-	329	39	0	175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock for stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	200	-	21	31	83	635	0	14	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
56,160	34,996	55,468	71,097	53,869	107,690	16,631	43,044	2,839	-	-	-	-	0	18,346	0	95,116	-	-	-	-	-	-	-	-	0	0	13,670	-0	-	-	-	-	-	-	-	-	0	67,341	25,495	-1,067
Cash dividends on preferred stock
4,844	4,843	4,844	5,288	2,344	2,344	2,343	2,344	2,344	2,344	2,343	2,344	2,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to common stock and equity-award holders
11,472	10,251	10,345	8,408	12,944	8,615	8,800	8,594	8,629	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid to employees upon settlement of equity awards
27,101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-1,012	-972	-917	-490	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reissuance of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,733	1,190	856	6,783	-	521	141	2,093	2,990	1,547	266	242
Repayment of non-recourse debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,111	20,913	5,964	3	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	175,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,131	0	0	2,184	2	0	0	0	1,639	0	0	0	1,284	0	0	449	1,391
Net cash provided by/(used in) financing activities
1,387,404	255,559	-310,246	-257,901	-764,282	517,709	202,915	702,767	324,304	809,497	674,960	239,502	36,531	1,840,888	1,675,055	1,244,815	895,845	2,993,137	-724,965	-26,808	118,547	-3,742	-267,747	34,503	293,089	-228,595	9,106	934,019	493	828,915	-174,321	530,815	539,926	-126,932	531,963	-154,852	334,966	91,998	147,627	219,259	56,901
Effect of exchange rate changes on cash
-9,822	10,130	-4,064	-3,290	2,156	-2,262	-1,331	-5,834	3,736	717	2,644	2,240	2,294	-4,285	-1,036	-5,093	-2,186	-2,154	-2,503	4,937	-3,881	-1,491	-7,886	1,732	337	269	2,671	-1,288	-1	-312	982	-144	535	454	-2,283	488	534	-	-	-	-
Increase/(decrease) in cash, cash equivalents, and cash segregated for regulatory purposes
305,900	342,450	112,932	-32,877	-1,217,909	1,353,487	130,850	108,083	-310,131	172,994	-64,113	19,603	-327,566	84,041	349,037	-251,330	-233,669	382,000	-34,837	238,181	-286,026	154,664	114,828	-105,119	-191,151	67,316	282,318	-37,184	169	210,608	-248,366	215,241	58,787	-46,948	63,655	26,094	-128,659	46,645	-55,818	117,001	-16,119
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds
15,423	51,019	26,101	84,340	466	40,099	44,566	3,790	-21,076	2,925	780	14,238	3,573	883	852	1,150	20,061	14,241	13,164	1,015	30,936	47,575	27,840	23,238	8,356	-2,791	-41	8,619	15	1,690	1,625	2,200	-885	-71	-6,902	8,197	4,323	3,088	26,789	5,634	19,473
Cash paid for interest
28,707	33,028	46,872	53,687	49,425	57,892	49,112	37,352	25,368	19,880	17,614	16,194	16,093	15,528	16,361	16,626	13,630	12,128	9,600	9,938	10,135	9,266	14,237	-13,301	30,269	12,164	11,870	22,315	10	6,497	9,040	6,815	6,712	6,329	12,844	54	5,982	4,565	3,885	2,416	2,238
Noncash financing activities:
Unit grants, net of forfeitures
106,522	10,869	26,020	10,175	92,344	17,478	14,348	14,025	90,678	15,359	7,311	13,357	35,273	31,866	26,609	32,860	98,876	135,624	26,697	52,403	53,045	37,888	35,640	30,128	86,347	22,710	45,134	160,248	137	39,159	24,198	14,047	68,159	18,673	18,310	17,027	84,193	20,388	82,634	9,545	44,979
Issuance of common stock for acquisitions
-	-	-	-	-	-	-	-	-	0	0	0	9,352	1,386	0	0	11,427	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares surrendered into treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-