Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows (Used In)/From Operating Activities    
Net income $ 51,708,000 $ 24,276,000
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization 1,307,000 700,000
Noncash lease expense 1,854,000 1,606,000
Change in deferred taxes (2,216,000) 943,000
Stock compensation expense 2,162,000 525,000
Unrealized (gain)/ loss on trading securities (4,583,000) 2,206,000
Net gain on derivatives 0 (2,312,000)
Net change in accrued interest (4,054,000) (1,230,000)
Allowances/(recovery) for receivables 293,000 (378,000)
Changes in operating assets and liabilities:    
Lease liabilities (2,063,000) (1,482,000)
Trading securities (77,857,000) (7,517,000)
Brokerage and other receivables (54,152,000) 16,844,000
Loans issued (1,968,000) 632,000
Other assets 2,431,000 128,000
Securities sold, not yet purchased - at fair value 6,467,000 0
Customer liabilities (122,275,000) 621,166,000
Current income tax liability 5,007,000 3,130,000
Trade payables 128,260,000 30,321,000
Other liabilities (1,262,000) 1,168,000
Net cash flows (used in)/from operating activities (70,941,000) 690,726,000
Cash Flows (Used In)/From Investing Activities    
Purchase of fixed assets (2,762,000) (1,488,000)
Proceeds from sale of fixed assets 179,000 214,000
Proceeds from sale of available-for-sale securities, at fair value 0 6,508,000
Net cash flows (used in)/from investing activities (2,583,000) 5,234,000
Cash Flows From/(Used In) Financing Activities    
Proceeds from securities repurchase agreement obligations 16,792,000 5,275,000
Proceeds from issuance of debt securities 0 1,045,000
Repurchase of debt securities (10,105,000) (7,300,000)
Net cash flows from/(used in) financing activities 6,687,000 (980,000)
Effect of changes in foreign exchange rates on cash and cash equivalents 23,173,000 13,890,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (43,664,000) 708,870,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,136,786,000 129,805,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,093,122,000 838,675,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,514,000 2,602,000
Income tax paid 2,824,000 79,000
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 5,705,000 658,000
Cash and cash equivalents 674,076,000 199,303,000
Restricted cash 419,046,000 639,372,000
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows $ 1,093,122,000 $ 838,675,000