Quarterly report pursuant to Section 13 or 15(d)

RECAST - Condensed Consolidated Balance Sheet (Details)

v3.22.4
RECAST - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Mar. 31, 2021
ASSETS            
Cash and cash equivalents $ 664,095   $ 225,464 [1]      
Trading securities 1,929,840   1,158,377 [1]      
Restricted cash 449,979   547,950 [1]      
Margin lending, brokerage and other receivables, net 403,568   147,659 [1]      
Loans issued 639,377   92,446 [1]      
Other assets 47,754   27,044 [1]      
Fixed assets, net 43,862   17,823 [1]      
Right-of-use asset 24,054   7,431 [1]      
Intangible assets, net 9,010   5,163 [1]      
Goodwill 9,460   5,898 [1]      
Available-for-sale securities, at fair value 174,326   161,364 [1]      
Insurance contract assets 11,243   5,712 [1]      
Assets held for sale 961,566   825,419 [1]      
TOTAL ASSETS 5,368,134   3,227,750 [1]      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations 1,233,928   840,224 [1]      
Customer liabilities 1,786,452   765,628 [1]      
Margin lending and trade payables 142,341   45,083 [1]      
Liabilities from insurance activity 156,542   119,490 [1]      
Current income tax liability 0   14,556 [1]      
Securities sold, not yet purchased – at fair value 0   13,865 [1]     $ 8,569
Debt securities issued 37,192   34,390 [1]      
Lease liability 24,175   7,504 [1]      
Other liabilities 37,940   21,477 [1]      
Liability arising from continuing involvement 319,694   6,447      
Liabilities held for sale 931,484   812,478 [1]      
TOTAL LIABILITIES 4,685,803   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 159,580   174,745 [1]      
Retained earnings 592,115   441,924 [1]      
Accumulated other comprehensive loss (60,920)   (63,125) [1]      
TOTAL FRHC SHAREHOLDERS’ EQUITY 690,834   553,603 [1]      
Non-controlling interest (8,503)   (6,995) [1]      
TOTAL SHAREHOLDERS’ EQUITY 682,331 $ 621,331 546,608 [1] $ 633,007 $ 583,132 $ 307,671
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 5,368,134   3,227,750 [1]      
Recast discontinued operations            
ASSETS            
Cash and cash equivalents 582,314   428,480      
Trading securities 112,801   122,497      
Restricted cash 18,052   28,406      
Margin lending, brokerage and other receivables, net 240,414   210,087      
Loans issued 17,201   2,395      
Other assets 34,757   33,554      
TOTAL ASSETS 961,566   825,419      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations 30,971   32,469      
Customer liabilities 820,394   701,584      
Debt securities issued 63,207   64,637      
Other liabilities 16,912   13,788      
TOTAL LIABILITIES $ 931,484   812,478      
As previously reported            
ASSETS            
Cash and cash equivalents     625,547      
Trading securities     1,203,479      
Restricted cash     553,680      
Margin lending, brokerage and other receivables, net     357,567      
Loans issued     94,797      
Other assets     37,725      
Fixed assets, net     21,365      
Right-of-use asset     15,669      
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      
Margin lending and 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      
Debt securities issued     99,027      
Lease liability     15,315      
Other liabilities     25,542      
Liability arising from continuing involvement     6,447      
Liabilities held for sale     0      
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 | Recast discontinued operations            
ASSETS            
Cash and cash equivalents     (400,898)      
Trading securities     (122,497)      
Restricted cash     (5,730)      
Margin lending, brokerage and other receivables, net     (210,087)      
Loans issued     (2,395)      
Other assets     (18,375)      
Fixed assets, net     (3,978)      
Right-of-use asset     (8,922)      
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)      
Margin lending and trade payables     (147)      
Liabilities from insurance activity     0      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     (238)      
Debt securities issued     (64,637)      
Lease liability     (8,530)      
Other liabilities     (4,872)      
Liability arising from continuing involvement     0      
Liabilities held for sale     812,478      
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      
Margin lending, brokerage and other receivables, net     173      
Loans issued     44      
Other assets     7,267      
Fixed assets, net     182      
Right-of-use asset     532      
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      
Margin lending and trade payables     0      
Liabilities from insurance activity     106,329      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Debt securities issued     0      
Lease liability     543      
Other liabilities     550      
Liability arising from continuing involvement     0      
Liabilities held for sale     0      
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 | Elimi-nations            
ASSETS            
Cash and cash equivalents     (901)      
Trading securities     0      
Restricted cash     0      
Margin lending, brokerage and other receivables, net     (34)      
Loans issued     0      
Other assets     0      
Fixed assets, net     0      
Right-of-use asset     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)      
Margin lending and trade payables     0      
Liabilities from insurance activity     0      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Debt securities issued     0      
Lease liability     0      
Other liabilities     (35)      
Liability arising from continuing involvement     0      
Liabilities held for sale     0      
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      
Margin lending, brokerage and other receivables, net     60      
Loans issued     0      
Other assets     427      
Fixed assets, net     254      
Right-of-use asset     152      
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      
Margin lending and trade payables     21      
Liabilities from insurance activity     13,161      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Debt securities issued     0      
Lease liability     176      
Other liabilities     292      
Liability arising from continuing involvement     0      
Liabilities held for sale     0      
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 | Elimi-nations            
ASSETS            
Cash and cash equivalents     (82)      
Trading securities     0      
Restricted cash     0      
Margin lending, brokerage and other receivables, net     (20)      
Loans issued     0      
Other assets     0      
Fixed assets, net     0      
Right-of-use asset     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)      
Margin lending and trade payables     (20)      
Liabilities from insurance activity     0      
Current income tax liability     0      
Securities sold, not yet purchased – at fair value     0      
Debt securities issued     0      
Lease liability     0      
Other liabilities     0      
Liability arising from continuing involvement     0      
Liabilities held for sale     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