Quarterly report pursuant to Section 13 or 15(d)

RECAST - BALANCE SHEETS (Details)

v3.23.1
RECAST - BALANCE SHEETS (Details) - USD ($)
$ / shares in Units, $ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Mar. 31, 2020
ASSETS            
Cash and cash equivalents $ 146,358   $ 168,017      
Trading securities 947,833   587,546      
Restricted cash 416,743   490,691      
Brokerage and other receivables, net 194,158   49,518      
Loans issued 42,439   9,626      
Other assets 24,030   15,639      
Fixed assets, net 17,399   15,571      
Right-of-use asset 6,926   4,626      
Intangible assets, net 3,672   3,902      
Goodwill 7,840   7,137      
Available-for-sale securities, at fair value 1   1      
Assets held for sale 919,592   748,048 $ 748,048    
TOTAL ASSETS 2,726,991   2,100,322      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations 627,493   374,718      
Customer liabilities 553,015   671,825      
Trade payables 50,375   22,002      
Current income tax liability 20,579   14,199      
Securities sold, not yet purchased – at fair value 15,167   8,569      
Loans received 3,497   3,373      
Debt securities issued 33,647   31,349      
Lease liability 7,031   4,811      
Deferred income tax liabilities 1,486   4,007      
Deferred distribution payments 8,534   8,534      
Liabilities held for sale 809,727   676,568 $ 676,568    
Other liabilities 4,950   4,707      
TOTAL LIABILITIES 2,135,501   1,824,662      
Commitments and contingent liabilities 0   0      
SHAREHOLDERS’ EQUITY            
Preferred stock - $0.001 par value; 20,000,000 shares authorized, no shares issued or outstanding $ 0   0      
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 - $0.001 par value; 500,000,000 shares authorized; $ 59   $ 58      
Common stock, par value (in dollars per share) $ 0.001   $ 0.001      
Common stock, authorized (in shares) 500,000,000   500,000,000      
Additional paid in capital $ 115,278   $ 104,672      
Retained earnings 516,149   208,617      
Accumulated other comprehensive loss (39,152)   (36,046)      
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 592,334   277,301      
Non-controlling interest (844)   (1,641)      
TOTAL SHAREHOLDERS’ EQUITY 591,490 $ 543,377 275,660 $ 225,558 $ 175,716 $ 129,037
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 2,726,991   2,100,322      
As previously reported            
ASSETS            
Cash and cash equivalents 493,263   698,828      
Trading securities 1,348,656   736,188      
Restricted cash 404,718   437,958      
Brokerage and other receivables, net 302,403   64,801      
Loans issued 44,995   11,667      
Other assets 30,321   19,902      
Fixed assets, net 21,221   18,385      
Right-of-use asset 17,830   13,262      
Intangible assets, net 8,703   9,785      
Goodwill 7,840   7,868      
Available-for-sale securities, at fair value 1   1      
Assets held for sale 0   0      
TOTAL ASSETS 2,679,951   2,018,645      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations 710,284   426,715      
Customer liabilities 1,145,070   1,163,697      
Trade payables 51,031   22,304      
Current income tax liability 20,620   14,843      
Securities sold, not yet purchased – at fair value 15,167   8,592      
Loans received 3,497   3,373      
Debt securities issued 105,363   68,443      
Lease liability 17,573   13,249      
Deferred income tax liabilities 1   4,385      
Deferred distribution payments 8,534   8,534      
Liabilities held for sale 0   0      
Other liabilities 11,321   8,850      
TOTAL LIABILITIES 2,088,461   1,742,985      
Commitments and contingent liabilities 0   0      
SHAREHOLDERS’ EQUITY            
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   58      
Additional paid in capital 115,278   104,672      
Retained earnings 516,149   208,617      
Accumulated other comprehensive loss (39,152)   (36,046)      
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 592,334   277,301      
Non-controlling interest (844)   (1,641)      
TOTAL SHAREHOLDERS’ EQUITY 591,490   275,660      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 2,679,951   2,018,645      
Recast discontinued operations            
ASSETS            
Cash and cash equivalents (346,905)   (530,811)      
Trading securities (400,823)   (148,642)      
Restricted cash 12,025   52,733      
Brokerage and other receivables, net (108,245)   (15,283)      
Loans issued (2,556)   (2,041)      
Other assets (6,291)   (4,263)      
Fixed assets, net (3,822)   (2,814)      
Right-of-use asset (10,904)   (8,636)      
Intangible assets, net (5,031)   (5,883)      
Goodwill 0   (731)      
Available-for-sale securities, at fair value 0   0      
Assets held for sale 919,592   748,048      
TOTAL ASSETS 47,040   81,677      
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Securities repurchase agreement obligations (82,791)   (51,997)      
Customer liabilities (592,055)   (491,872)      
Trade payables (656)   (302)      
Current income tax liability (41)   (644)      
Securities sold, not yet purchased – at fair value 0   (23)      
Loans received 0   0      
Debt securities issued (71,716)   (37,094)      
Lease liability (10,542)   (8,438)      
Deferred income tax liabilities 1,485   (378)      
Deferred distribution payments 0   0      
Liabilities held for sale 809,727   676,568      
Other liabilities (6,371)   (4,143)      
TOTAL LIABILITIES 47,040   81,677      
Commitments and contingent liabilities 0   0      
SHAREHOLDERS’ EQUITY            
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; 0   0      
Additional paid in capital 0   0      
Retained earnings 0   0      
Accumulated other comprehensive loss 0   0      
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 0   0      
Non-controlling interest 0   0      
TOTAL SHAREHOLDERS’ EQUITY 0   0      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 47,040   81,677      
Recasted            
SHAREHOLDERS’ EQUITY            
Retained earnings     208,617      
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY     277,301      
TOTAL SHAREHOLDERS’ EQUITY     275,660      
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     $ 2,100,322