Quarterly report pursuant to Section 13 or 15(d)

RECAST - Condensed Consolidated Balance Sheet (Details)

v3.22.2.2
RECAST - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ / shares in Units, $ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Change in Accounting Estimate [Line Items]            
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      
ASSETS            
Cash and cash equivalents $ 790,390   $ 225,464 [1]      
Trading securities 1,359,544   1,158,377 [1]      
Restricted cash 440,030   547,950 [1]      
Brokerage and other receivables, net 408,169   147,659 [1]      
Loans issued 357,357   92,446 [1]      
Other assets 62,042   26,136 [1]      
Fixed assets, net 36,857   17,823 [1]      
Right-of-use asset 13,602   7,431 [1]      
Deferred income tax assets 2,673   908 [1]      
Intangible assets, net 7,687   5,163 [1]      
Goodwill 9,512   5,898 [1]      
Available-for-sale securities, at fair value 168,175   161,364 [1]      
Insurance contract assets 12,712   5,712 [1]      
Assets held for sale 1,115,615   825,419 [1]      
TOTAL ASSETS 4,784,365   3,227,750 [1]      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations 981,190   840,224 [1]      
Customer liabilities 1,567,458   765,628 [1]      
Trade payables 69,088   45,083 [1]      
Liabilities from insurance activity 150,077   119,490 [1]      
Current income tax liability 19,046   14,556 [1]      
Securities sold, not yet purchased – at fair value 7,376   13,865 [1]     $ 8,569
Loans received 5,425   3,538 [1]      
Debt securities issued 51,798   34,390 [1]      
Lease liability 13,348   7,504 [1]      
Deferred income tax liabilities     0      
Deferred distribution payments 8,534   8,534 [1]      
Liabilities held for sale 1,089,880   812,478 [1]      
Other liabilities 170,078   15,852 [1]      
TOTAL LIABILITIES 4,163,034   2,681,142 [1]      
Commitments and Contingent Liabilities (Note 26) 0   0 [1]      
SHAREHOLDERS’ EQUITY            
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding 0   0 [1]      
Common stock - $0.001 par value; 500,000,000 shares authorized; 59   59 [1]      
Additional paid in capital 155,635   174,745 [1]      
Retained earnings 529,251   441,924 [1]      
Accumulated other comprehensive loss (55,575)   (63,125) [1]      
TOTAL FRHC SHAREHOLDERS’ EQUITY 629,370   553,603 [1]      
Non-controlling interest (8,039)   (6,995) [1]      
TOTAL SHAREHOLDERS’ EQUITY 621,331 $ 606,918 546,608 [1] $ 583,135 $ 370,395 $ 307,671
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 4,784,365   3,227,750 [1]      
Discontinued operations            
ASSETS            
Cash and cash equivalents 712,116   428,480      
Trading securities 120,162   122,497      
Restricted cash 19,040   28,406      
Brokerage and other receivables, net 249,980   210,087      
Loans issued 14,464   2,395      
Other assets 41,317   33,554      
TOTAL ASSETS 1,115,615   825,419      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations 30,961   32,469      
Customer liabilities 966,869   701,584      
Debt securities issued 64,647   64,637      
Other liabilities 27,403   13,788      
TOTAL LIABILITIES $ 1,089,880   812,478      
As previously reported            
ASSETS            
Cash and cash equivalents     625,547      
Trading securities     1,203,479      
Restricted cash     553,680      
Brokerage and other receivables, net     357,567      
Loans issued     94,797      
Other assets     25,707      
Fixed assets, net     21,365      
Right-of-use asset     15,669      
Deferred income tax assets     12,018      
Intangible assets, net     5,791      
Goodwill     5,388      
Available-for-sale securities, at fair value     1      
Insurance contract assets     0      
Assets held for sale     0      
TOTAL ASSETS     2,921,009      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations     775,178      
Customer liabilities     1,417,937      
Trade payables     45,229      
Liabilities from insurance activity     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 income tax liabilities     0      
Deferred distribution payments     8,534      
Liabilities held for sale     0      
Other liabilities     19,917      
TOTAL LIABILITIES     2,413,334      
Commitments and Contingent Liabilities (Note 26)     0      
SHAREHOLDERS’ EQUITY            
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 FRHC SHAREHOLDERS’ EQUITY     514,671      
Non-controlling interest     (6,996)      
TOTAL SHAREHOLDERS’ EQUITY     507,675      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     2,921,009      
Revision of prior period, adjustment | Discontinued operations            
ASSETS            
Cash and cash equivalents     (400,898)      
Trading securities     (122,497)      
Restricted cash     (5,730)      
Brokerage and other receivables, net     (210,087)      
Loans issued     (2,395)      
Other assets     (7,214)      
Fixed assets, net     (3,978)      
Right-of-use asset     (8,922)      
Deferred income tax assets     (11,161)      
Intangible assets, net     (2,278)      
Goodwill     0      
Available-for-sale securities, at fair value     0      
Insurance contract assets     0      
Assets held for sale     825,419      
TOTAL ASSETS     50,259      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations     (32,469)      
Customer liabilities     (651,326)      
Trade payables     (147)      
Liabilities from insurance activity     0      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     (238)      
Loans received     0      
Debt securities issued     (64,637)      
Lease liability     (8,530)      
Deferred income tax liabilities     0      
Deferred distribution payments     0      
Liabilities held for sale     812,478      
Other liabilities     (4,872)      
TOTAL LIABILITIES     50,259      
Commitments and Contingent Liabilities (Note 26)     0      
SHAREHOLDERS’ EQUITY            
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     0      
Retained earnings     0      
Accumulated other comprehensive loss     0      
TOTAL FRHC SHAREHOLDERS’ EQUITY     0      
Non-controlling interest     0      
TOTAL SHAREHOLDERS’ EQUITY     0      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     50,259      
Revision of prior period, adjustment | FF Life Acquisition            
ASSETS            
Cash and cash equivalents     1,427      
Trading securities     8,875      
Restricted cash     0      
Brokerage and other receivables, net     173      
Loans issued     44      
Other assets     7,244      
Fixed assets, net     182      
Right-of-use asset     532      
Deferred income tax assets     23      
Intangible assets, net     1,489      
Goodwill     359      
Available-for-sale securities, at fair value     161,363      
Insurance contract assets     3,555      
Assets held for sale     0      
TOTAL ASSETS     185,266      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations     47,691      
Customer liabilities     0      
Trade payables     0      
Liabilities from insurance activity     106,329      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Loans received     0      
Debt securities issued     0      
Lease liability     543      
Deferred income tax liabilities     0      
Deferred distribution payments     0      
Liabilities held for sale     0      
Other liabilities     550      
TOTAL LIABILITIES     155,113      
Commitments and Contingent Liabilities (Note 26)     0      
SHAREHOLDERS’ EQUITY            
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;     9,465      
Additional paid in capital     0      
Retained earnings     28,131      
Accumulated other comprehensive loss     (7,443)      
TOTAL FRHC SHAREHOLDERS’ EQUITY     30,153      
Non-controlling interest     1      
TOTAL SHAREHOLDERS’ EQUITY     30,154      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     185,267      
Revision of prior period, adjustment | FF Life Acquisition | Elimination adjustment of business combination            
ASSETS            
Cash and cash equivalents     (901)      
Trading securities     0      
Restricted cash     0      
Brokerage and other receivables, net     (34)      
Loans issued     0      
Other assets     0      
Fixed assets, net     0      
Right-of-use asset     0      
Deferred income tax assets     0      
Intangible assets, net     0      
Goodwill     0      
Available-for-sale securities, at fair value     0      
Insurance contract assets     0      
Assets held for sale     0      
TOTAL ASSETS     (935)      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations     0      
Customer liabilities     (901)      
Trade payables     0      
Liabilities from insurance activity     0      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Loans received     0      
Debt securities issued     0      
Lease liability     0      
Deferred income tax liabilities     0      
Deferred distribution payments     0      
Liabilities held for sale     0      
Other liabilities     (35)      
TOTAL LIABILITIES     (936)      
Commitments and Contingent Liabilities (Note 26)     0      
SHAREHOLDERS’ EQUITY            
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;     (9,465)      
Additional paid in capital     16,499      
Retained earnings     (6,666)      
Accumulated other comprehensive loss     (368)      
TOTAL FRHC SHAREHOLDERS’ EQUITY     0      
Non-controlling interest     0      
TOTAL SHAREHOLDERS’ EQUITY     0      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     (936)      
Revision of prior period, adjustment | Insurance acquisitions            
ASSETS            
Cash and cash equivalents     371      
Trading securities     68,520      
Restricted cash     0      
Brokerage and other receivables, net     60      
Loans issued     0      
Other assets     399      
Fixed assets, net     254      
Right-of-use asset     152      
Deferred income tax assets     28      
Intangible assets, net     161      
Goodwill     151      
Available-for-sale securities, at fair value     0      
Insurance contract assets     2,157      
Assets held for sale     0      
TOTAL ASSETS     72,253      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations     49,824      
Customer liabilities     0      
Trade payables     21      
Liabilities from insurance activity     13,161      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Loans received     0      
Debt securities issued     0      
Lease liability     176      
Deferred income tax liabilities     0      
Deferred distribution payments     0      
Liabilities held for sale     0      
Other liabilities     292      
TOTAL LIABILITIES     63,474      
Commitments and Contingent Liabilities (Note 26)     0      
SHAREHOLDERS’ EQUITY            
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;     15,577      
Additional paid in capital     0      
Retained earnings     (4,811)      
Accumulated other comprehensive loss     (1,987)      
TOTAL FRHC SHAREHOLDERS’ EQUITY     8,779      
Non-controlling interest     0      
TOTAL SHAREHOLDERS’ EQUITY     8,779      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     72,253      
Revision of prior period, adjustment | Insurance acquisitions | Elimination adjustment of business combination            
ASSETS            
Cash and cash equivalents     (82)      
Trading securities     0      
Restricted cash     0      
Brokerage and other receivables, net     (20)      
Loans issued     0      
Other assets     0      
Fixed assets, net     0      
Right-of-use asset     0      
Deferred income tax assets     0      
Intangible assets, net     0      
Goodwill     0      
Available-for-sale securities, at fair value     0      
Insurance contract assets     0      
Assets held for sale     0      
TOTAL ASSETS     (102)      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations     0      
Customer liabilities     (82)      
Trade payables     (20)      
Liabilities from insurance activity     0      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Loans received     0      
Debt securities issued     0      
Lease liability     0      
Deferred income tax liabilities     0      
Deferred distribution payments     0      
Liabilities held for sale     0      
Other liabilities     0      
TOTAL LIABILITIES     (102)      
Commitments and Contingent Liabilities (Note 26)     0      
SHAREHOLDERS’ EQUITY            
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;     (15,577)      
Additional paid in capital     16,906      
Retained earnings     (1,293)      
Accumulated other comprehensive loss     (36)      
TOTAL FRHC SHAREHOLDERS’ EQUITY     0      
Non-controlling interest     0      
TOTAL SHAREHOLDERS’ EQUITY     0      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     $ (102)      
[1] * Please see Note 3