Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT (Tables)

v3.23.1
RESTATEMENT (Tables)
 3 Months Ended
Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The following tables summarize the impact of these corrections of errors for the nine months ended December 31, 2021, and 2020:
For the nine months ended December 31, 2021
As previously reported Adjustments for discontinued operations As recasted Correction of errors As restated
Net cash flows from operating activities $ (582,080) $ (34,465) $ (616,545) $ (21,090) $ (637,635)
Net cash flows from investing activities (6,110) —  (6,110) (34,709) (40,819)
Net cash flows from financing activities 338,792  —  338,792  55,799  394,591 
Effect of changes in foreign exchange rates on cash and cash equivalents 10,593  (1,998) 8,595  —  8,595 
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ (238,805) $ (36,463) $ (275,268) $ —  $ (275,268)
For the nine months ended December 31, 2020
As previously reported Adjustments for discontinued operations As recasted Correction of errors As restated
Net cash flows from operating activities $ 698,954  $ 41,110  $ 740,064  $ (135,487) $ 604,577 
Net cash flows from investing activities 98,418  739  99,157  122  99,279 
Net cash flows from financing activities 61,952  (576) 61,376  135,365  196,741 
Effect of changes in foreign exchange rates on cash and cash equivalents 3,787  —  3,787  —  3,787 
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 863,111  $ 41,273  $ 904,384  $ —  $ 904,384 
The following
tables summarize the impact of corrections of the errors on the Condensed Consolidated Statements of Operations and Other Comprehensive Income for the periods presented:
For the three months ended December 31, 2021
As previously reported Adjustments for discontinued operations As restated Correction of errors As restated
Fee and commission income $ 122,237  $ (25,905) $ 96,332  $ (4,921) 91,411 
Net gain on trading securities 403  6,611  7,014  —  7,014 
Interest income 22,907  (3,029) 19,878  4,921  24,799 
Net gain on foreign exchange operations 451  655  1,106  —  1,106 
Net loss on derivative (314) —  (314) —  (314)
TOTAL REVENUE, NET $ 145,684  $ (21,668) $ 124,016  $ —  $ 124,016 

For the three months ended December 31, 2020
As previously reported Adjustments for discontinued operations As restated Correction of errors As restated
Fee and commission income $ 74,333  $ (14,385) $ 59,948  $ (1,849) 58,099 
Net gain on trading securities 18,944  (4,972) 13,972  —  13,972 
Interest income 7,374  (3,999) 3,375  1,849  5,224 
Net gain on foreign exchange operations (1,413) 1,516  103  —  103 
Net loss on derivative 995  (49) 946  —  946 
TOTAL REVENUE, NET $ 100,233  $ (21,889) $ 78,344  $ —  $ 78,344 
For the nine months ended December 31, 2021
As previously reported Adjustments for discontinued operations As restated Correction of errors As restated
Fee and commission income $ 336,178  $ (65,251) $ 270,927  $ (8,212) 262,715 
Net gain on trading securities 185,554  9,716  195,270  —  195,270 
Interest income 61,047  (9,920) 51,127  8,212  59,339 
Net gain on foreign exchange operations 885  2,888  3,773  —  3,773 
Net loss on derivative (1,028) —  (1,028) —  (1,028)
TOTAL REVENUE, NET $ 582,636  $ (62,567) $ 520,069  $ —  $ 520,069 
For the nine months ended December 31, 2020
As previously reported Adjustments for discontinued operations As restated Correction of errors As restated
Fee and commission income $ 171,949  $ (33,603) $ 138,346  $ (2,359) 135,987 
Net gain on trading securities 36,330  (17,087) 19,243  —  19,243 
Interest income 16,571  (7,168) 9,403  2,359  11,762 
Net gain on foreign exchange operations 1,359  (1,217) 142  —  142 
Net loss on derivative 149  (88) 61  —  61 
TOTAL REVENUE, NET $ 226,358  $ (59,163) $ 167,195  $ —  $ 167,195