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 ($)
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities    
NET INCOME $ 148,683,000 $ 316,184,000
Net income/(loss) from discontinued operations 9,929,000 (3,656,000)
Net income from continued operations 138,754,000 319,840,000
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization 3,502,000 2,854,000
Noncash lease expense 3,453,000 2,587,000
Change in deferred taxes (3,392,000) (2,508,000)
Stock compensation expense 6,520,000 5,636,000
Unrealized gain on trading securities (65,684,000) (7,903,000)
Net change in accrued interest (35,984,000) (27,858,000)
Change in insurance reserves 42,236,000 35,381,000
Allowances for receivables 30,294,000 907,000
Changes in operating assets and liabilities:    
Trading securities (630,879,000) (364,995,000)
Margin lending, brokerage and other receivables (270,725,000) (141,678,000)
Insurance contract assets 6,460,000 (106,000)
Other assets (11,058,000) (12,028,000)
Securities sold, not yet purchased – at fair value (13,865,000) 5,979,000
Brokerage customer liabilities 240,362,000 (230,143,000)
Current income tax liability (14,556,000) 6,404,000
Margin lending and trade payables 92,225,000 28,720,000
Lease liabilities (3,470,000) (2,839,000)
Liabilities from insurance activity (22,581,000) (7,937,000)
Other liabilities 10,432,000 735,000
Net cash flows used in operating activities from continuing operations (497,956,000) (388,952,000)
Net cash flows from/(used in) operating activities from discontinued operations 32,165,000 (222,901,000)
Net cash flows used in operating activities (465,791,000) (611,853,000)
Cash Flows Used In Investing Activities    
Purchase of fixed assets (27,345,000) (4,078,000)
Proceeds from sale of fixed assets 0 172,000
Purchase from microfinance organizations loans, net (57,031,000) (22,192,000)
Net change in loans issued to customers (507,728,000) (11,946,000)
Purchase of available-for-sale securities, at fair value (205,781,000) (223,482,000)
Proceeds from sale of available-for-sale securities, at fair value 196,799,000 171,221,000
Consideration paid for acquisition of London Almaty (16,343,000) 0
Consideration paid for acquisition of Freedom Life (13,630,000) 0
Cash, cash equivalents and restricted cash received from acquisitions 11,385,000 0
Net cash flows used in investing activities from continuing operations (619,674,000) (90,305,000)
Net cash flows used in investing activities from discontinued operations (21,647,000) (2,790,000)
Net cash flows used in investing activities (641,321,000) (93,095,000)
Cash Flows From Financing Activities    
Proceeds from securities repurchase agreement obligations 388,675,000 315,383,000
Proceeds from issuance of debt securities 23,861,000 13,000,000
Repurchase of debt securities (23,387,000) (10,104,000)
Repurchase of mortgage loans under the State Program (7,117,000) 0
Funds received under state program for financing of mortgage loans 318,330,000 0
Net change in bank customer deposits 779,044,000 83,448,000
Capital contributions 677,000 1,966,000
Exercise of options 0 119,000
Net cash flows from financing activities from continuing operations 1,480,083,000 403,812,000
Net cash flows from financing activities from discontinued operations 26,105,000 37,982,000
Net cash flows from financing activities 1,506,188,000 441,794,000
Effect of changes in foreign exchange rates on cash and cash equivalents from continued operations 23,591,000 (7,321,000)
Effect of changes in foreign exchange rates on cash and cash equivalents from discontinued operations 61,473,000 13,695,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 484,140,000 (256,780,000)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD FROM CONTINUED OPERATIONS 773,414,000 659,495,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD FROM DISCONTINUED OPERATIONS 456,886,000 559,385,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,230,300,000 1,218,880,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD FROM CONTINUED OPERATIONS 1,114,074,000 582,376,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD FROM DISCONTINUED OPERATIONS 600,366,000 379,724,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,714,440,000 962,100,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 133,286,000 29,190,000
Income tax paid 47,262,000 42,237,000
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 19,089,000 4,684,000
Cash and cash equivalents 664,095,000 165,633,000
Restricted cash 449,979,000 416,743,000
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows $ 1,114,074,000 $ 582,376,000