Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows (Used In)/From Operating Activities    
Net income $ 256,220,000 $ 47,839,000
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization 2,634,000 1,655,000
Noncash lease expense 2,221,000 3,302,000
Change in deferred taxes 1,458,000 1,465,000
Stock compensation expense 6,722,000 1,055,000
Unrealized gain on trading securities (35,616,000) (263,000)
Net loss on derivatives 0 885,000
Net change in accrued interest (18,187,000) (328,000)
Allowances for receivables 659,000 666,000
Changes in operating assets and liabilities:    
Lease liabilities (2,355,000) (3,188,000)
Derivative assets 0 (2,311,000)
Trading securities (174,133,000) (156,896,000)
Brokerage and other receivables (249,416,000) (48,257,000)
Loans purchased from MFO (19,474,000) 0
Loans sold to MFO 2,860,000 0
Loans issued (4,259,000) 501,000
Other assets (863,000) (804,000)
Customer liabilities 30,493,000 361,634,000
Current income tax liability 19,101,000 3,847,000
Trade payables 29,316,000 84,777,000
Securities sold, not yet purchased - at fair value 6,695,000 0
Other liabilities (217,000) 1,457,000
Net cash flows (used in)/from operating activities (146,141,000) 297,036,000
Cash Flows (Used In)/From Investing Activities    
Purchase of fixed assets (3,903,000) (2,129,000)
Proceeds from sale of fixed assets 160,000 271,000
Proceeds from sale of available-for-sale securities, at fair value 0 6,437,000
Prepayment on acquisition (3,341) (4,170,000)
Consideration paid for Zerich Capital Management 0 (7,110,000)
Cash, cash equivalents and restricted cash received from acquisitions 0 27,991,000
Net cash flows (used in)/from investing activities (7,084,000) 21,290,000
Cash Flows From/(Used In) Financing Activities    
Proceeds from securities repurchase agreement obligations 109,016,000 138,149,000
Proceeds from issuance of debt securities 0 1,991,000
Repurchase of debt securities (10,134,000) (8,196,000)
Repayment of loans received 69,000 0
Exercise of options 119,000 0
Net cash flows from/(used in) financing activities 99,070,000 131,944,000
Effect of changes in foreign exchange rates on cash and cash equivalents 17,622,000 (28,451,000)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (36,533,000) 421,819,000
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 1,100,253,000 551,624,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,823,000 6,498,000
Income tax paid 23,719,000 3,389,000
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 6,263,000 1,406,000
Cash and cash equivalents 740,425,000 443,439,000
Restrict cash 359,828,000 108,185,000
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows $ 1,100,253,000 $ 551,624,000