Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities    
Net income $ 90,160,000 $ 20,900,000
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization 2,548,000 1,925,000
Noncash lease expense 4,502,000 4,684,000
Loss on sale of fixed assets 0 202,000
Change in deferred taxes 2,868,000 1,001,000
Stock compensation expense 1,090,000 2,100,000
Share based payment 517,000 836,000
Unrealized (gain)/loss on trading securities (7,695,000) 5,251,000
Unrealized gain on derivative asset 0 (233,000)
Net change in accrued interest (1,036,000) (752,000)
Allowance/(recoveries) for receivables 1,775,000 (1,316,000)
Changes in operating assets and liabilities:    
Lease liabilities (4,870,000) (4,733,000)
Trading securities (114,807,000) (59,000)
Brokerage and other receivables 58,596,000 (80,423,000)
Loans issued (1,129,000) (8,180,000)
Other assets (3,887,000) (5,763,000)
Customer liabilities 646,950,000 105,560,000
Current income tax liability 2,107,000 (593,000)
Trade payables 10,934,000 22,069,000
Securities sold, not yet purchased 9,078,000 4,385,000
Other liabilities 1,253,000 1,784,000
Net cash flows from operating activities 698,954,000 68,645,000
Cash Flows From Investing Activities    
Purchase of fixed assets (3,072,000) (3,608,000)
Proceeds from sale of fixed assets 227,000 468,000
Proceeds from sale/(purchase) of available-for-sale securities, at fair value, net 6,437,000 (7,455,000)
Consideration paid for Zerich (7,110,000) 0
Consideration paid for Prime Executions (2,500,000) 0
Consideration paid for Freedom Bank KZ (53,097,000) 0
Cash, cash equivalents and restricted cash received from acquisitions 157,533,000 0
Net cash flows from/(used in) investing activities 98,418,000 (10,595,000)
Cash Flows From Financing Activities    
Repurchase/(repayment) of securities repurchase agreement obligations 63,166,000 (15,285,000)
Proceeds from issuance of debt securities 3,554,000 17,722,000
Repurchase of debt securities (8,186,000) (7,256,000)
Repayment of loans received 0 (4,008,000)
Proceeds from loans received 3,300,000 0
Exercise of options 118,000 455,000
Net cash flows from/(used in) financing activities 61,952,000 (8,372,000)
Effect of changes in foreign exchange rates on cash and cash equivalents 3,787,000 5,281,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 863,111,000 54,959,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 129,805,000 88,420,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 992,916,000 143,379,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,580,000 7,686,000
Income tax paid 12,186,000 5,094,000
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained in exchange for operating lease obligations 0 16,979,000
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 2,665,000 4,059,000
Cash and cash equivalents 624,572,000 93,653,000
Restricted cash 368,344,000 49,726,000
Total cash, cash and cash equivalents and restricted cash as shown in the statement of cash flows $ 992,916,000 $ 143,379,000