Quarterly report pursuant to Section 13 or 15(d)

RECAST - Condensed Consolidated Balance Sheet (Details)

v3.22.2
RECAST - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
ASSETS        
Cash and cash equivalents $ 905,685 $ 626,363    
Restricted cash 375,118 553,680    
Trading securities 1,420,481 1,280,874    
Available-for-sale securities, at fair value 219,470 161,364    
Brokerage and other receivables, net 511,047 357,746    
Loans issued 223,519 94,840    
Fixed assets, net 29,203 21,802    
Intangible assets, net 9,404 7,441    
Goodwill 5,932 5,898    
Right-of-use asset 24,394 16,353    
Deferred tax assets 16,263 12,069    
Insurance contract assets 7,170 5,712    
Other assets, net 49,508 33,350    
TOTAL ASSETS 3,797,194 3,177,492    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations 1,030,171 872,692    
Customer liabilities 1,652,643 1,416,954    
Trade payables 82,202 45,230    
Insurance contract liabilities 135,563 119,490    
Current income tax liability 23,803 14,556    
Securities sold, not yet purchased – at fair value   14,103    
Loans received 5,435 3,538    
Debt securities issued 115,629 99,027    
Lease liability 23,642 16,035    
Deferred distribution payments 8,534 8,534    
Other liabilities 79,984 20,725    
TOTAL LIABILITIES 3,190,278 2,630,884    
Commitments and Contingent Liabilities (Note 23) 0 0    
Equity [Abstract]        
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding 0 0    
Common stock - $0.001 par value; 500,000,000 shares authorized; 59 59    
Additional paid in capital 152,532 174,746    
Retained earnings 502,990 441,923    
Accumulated other comprehensive loss (39,676) (63,125)    
TOTAL SHAREHOLDERS’ EQUITY 615,905 553,603    
Non-controlling interest (8,989) (6,995)    
TOTAL SHAREHOLDERS’ EQUITY 606,916 546,608 $ 370,399 $ 307,673
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,797,194 $ 3,177,492    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001    
Preferred stock, authorized (in shares) 20,000,000 20,000,000    
Preferred stock, issued (in shares) 0 0    
Preferred stock, outstanding (in shares) 0 0    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001    
Common stock, authorized (in shares) 500,000,000 500,000,000    
As previously reported        
ASSETS        
Cash and cash equivalents   $ 625,547    
Restricted cash   553,680    
Trading securities   1,203,479    
Available-for-sale securities, at fair value   1    
Brokerage and other receivables, net   357,567    
Loans issued   94,797    
Fixed assets, net   21,365    
Intangible assets, net   5,791    
Goodwill   5,388    
Right-of-use asset   15,669    
Deferred tax assets   12,018    
Insurance contract assets   0    
Other assets, net   25,707    
TOTAL ASSETS   2,921,009    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations   775,178    
Customer liabilities   1,417,937    
Trade payables   45,229    
Insurance contract liabilities   0    
Current income tax liability   14,556    
Securities sold, not yet purchased – at fair value   14,103    
Loans received   3,538    
Debt securities issued   99,027    
Lease liability   15,315    
Deferred distribution payments   8,534    
Other liabilities   19,917    
TOTAL LIABILITIES   2,413,334    
Commitments and Contingent Liabilities (Note 23)   0    
Equity [Abstract]        
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding   0    
Common stock - $0.001 par value; 500,000,000 shares authorized;   59    
Additional paid in capital   141,340    
Retained earnings   426,563    
Accumulated other comprehensive loss   (53,291)    
TOTAL SHAREHOLDERS’ EQUITY   514,671    
Non-controlling interest   (6,996)    
TOTAL SHAREHOLDERS’ EQUITY   507,675    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   2,921,009    
Recast        
ASSETS        
Cash and cash equivalents   816    
Restricted cash   0    
Trading securities   77,395    
Available-for-sale securities, at fair value   161,363    
Brokerage and other receivables, net   179    
Loans issued   43    
Fixed assets, net   437    
Intangible assets, net   1,650    
Goodwill   510    
Right-of-use asset   684    
Deferred tax assets   51    
Insurance contract assets   5,712    
Other assets, net   7,643    
TOTAL ASSETS   256,483    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations   97,514    
Customer liabilities   (983)    
Trade payables   1    
Insurance contract liabilities   119,490    
Current income tax liability   0    
Securities sold, not yet purchased – at fair value   0    
Loans received   0    
Debt securities issued   0    
Lease liability   720    
Deferred distribution payments   0    
Other liabilities   808    
TOTAL LIABILITIES   217,550    
Commitments and Contingent Liabilities (Note 23)   0    
Equity [Abstract]        
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding   0    
Common stock - $0.001 par value; 500,000,000 shares authorized;   0    
Additional paid in capital   33,406    
Retained earnings   15,360    
Accumulated other comprehensive loss   (9,834)    
TOTAL SHAREHOLDERS’ EQUITY   38,932    
Non-controlling interest   1    
TOTAL SHAREHOLDERS’ EQUITY   38,933    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 256,483