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 ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows Used In Operating Activities    
Net income $ 59,073 $ 55,370
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization 1,440 1,445
Noncash lease expense 2,511 1,973
Change in deferred taxes 2,181 (2,225)
Stock compensation expense 3,697 2,162
Unrealized loss on trading securities (7,881) (5,030)
Net change in accrued interest (9,898) (4,286)
Change in insurance reserves 17,718 12,246
Allowances for receivables 2,798 293
Changes in operating assets and liabilities:    
Trading securities (42,915) (90,666)
Brokerage and other receivables (32,647) (54,152)
Loans issued (126,638) (1,968)
Assets from insurance activities (1,426) (103)
Other assets (10,009) 1,654
Securities sold, not yet purchased – at fair value (6,580) 6,467
Customer liabilities (171,136) (122,275)
Current income tax liability 9,247 5,007
Trade payables 30,310 128,218
Lease liabilities (2,615) (2,173)
Liabilities from insurance activity (3,875) (3,074)
Other liabilities 56,931 (1,348)
Net cash flows used in operating activities (229,714) (72,465)
Cash Flows Used In Investing Activities    
Purchase of fixed assets (6,225) (2,704)
Proceeds from sale of fixed assets 0 179
Purchase of available-for-sale securities, at fair value (87,828) (51,936)
Proceeds from sale of available-for-sale securities, at fair value 36,432 48,674
Net cash flows used in investing activities (57,621) (5,787)
Cash Flows From Financing Activities    
Proceeds from securities repurchase agreement obligations 127,580 23,498
Proceeds from issuance of debt securities 16,280 0
Repurchase of debt securities 0 (10,105)
Capital contributions 677 1,265
Proceeds from loans received 1,897 0
Net cash flows from financing activities 146,434 14,658
Effect of changes in foreign exchange rates on cash and cash equivalents 241,661 23,782
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 100,760 (39,812)
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows 1,280,803 1,097,763
Supplemental disclosure of cash flow information:    
Cash paid for interest 24,488 8,848
Income tax paid 131 2,824
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 4,282 5,705
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 4,282 5,705
Cash and cash equivalents 905,685 678,717
Restricted cash 375,118 419,046
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows $ 1,280,803 $ 1,097,763