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 ($)
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows Used In Operating Activities    
NET INCOME $ 59,072,000 $ 55,368,000
Net income/(loss) from discontinued operations 15,946,000 2,700,000
Net income/(loss) from continued operations 43,126,000 52,668,000
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization 875,000 969,000
Noncash lease expense 924,000 882,000
Change in deferred taxes (902,000) (1,977,000)
Stock compensation expense 1,877,000 1,094,000
Unrealized loss on trading securities 11,730,000 (5,570,000)
Net change in accrued interest (11,891,000) (5,138,000)
Change in insurance reserves 17,718,000 12,246,000
Allowances for receivables 2,428,000 267,000
Changes in operating assets and liabilities:    
Trading securities (121,642,000) (68,391,000)
Brokerage and other receivables (85,163,000) (10,741,000)
Assets from insurance activities (1,426,000) (103,000)
Other assets (12,174,000) 1,184,000
Securities sold, not yet purchased – at fair value (6,679,000) 6,490,000
Customer liabilities (116,702,000) (101,653,000)
Current income tax liability 9,250,000 6,582,000
Trade payables 19,157,000 128,264,000
Lease liabilities (899,000) (855,000)
Liabilities from insurance activity (3,875,000) (3,074,000)
Other liabilities 1,693,000 (1,331,000)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations (252,575,000) 11,813,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations (12,847,000) (74,200,000)
Net cash flows used in operating activities (265,422,000) (62,387,000)
Cash Flows Used In Investing Activities    
Purchase of fixed assets (4,900,000) (1,903,000)
Proceeds from sale of fixed assets 0 0
Loans purchased from microfinance organizations (56,681,000) 0
Loans sold to microfinance organization 9,832,000 0
Payments To Acquire Loans (74,035,000) (2,963,000)
Purchase of available-for-sale securities, at fair value (87,828,000) (51,936,000)
Proceeds from sale of available-for-sale securities, at fair value 36,432,000 48,674,000
Net cash flows (used in)/from investing activities from continuing operations (177,180,000) (8,128,000)
Net cash flows (used in)/from investing activities from discontinued operations (7,079,000) 399,000
Net cash flows used in investing activities (184,259,000) (7,729,000)
Cash Flows From Financing Activities    
Proceeds from securities repurchase agreement obligations 140,264,000 26,230,000
Proceeds from issuance of debt securities 16,280,000 0
Repurchase of debt securities 0 (10,105,000)
Repurchase of mortgage loans under the State Program (735,000) 0
Funds received under state program for financing of mortgage loans 55,987,000 0
Net change in bank customer deposits 109,358,000 (2,944,000)
Capital contributions 677,000 0
Proceeds from loans received 1,897,000 0
Net cash flows from/(used in) financing activities from continuing operations 323,728,000 13,181,000
Net cash flows from/(used in) financing activities from discontinued operations 14,462,000 (7,933,000)
Net cash flows from financing activities 338,190,000 5,248,000
Effect of changes in foreign exchange rates on cash and cash equivalents from continuing operations 2,329,000 (194,000)
Effect of changes in foreign exchange rates on cash and cash equivalents from discontinued operations 252,814,000 25,251,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 143,652,000 (39,811,000)
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 773,414,000 579,156,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations, Beginning Balance 456,886,000 558,419,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Beginning Balance 1,230,300,000 1,137,575,000
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 669,588,000 583,224,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations, Ending Balance 704,364,000 514,540,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Ending Balance 1,373,952,000 1,097,764,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 19,618,000 7,060,000
Income tax paid 48,000 534,000
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 3,025,000 2,375,000
Cash and cash equivalents 246,399,000 207,371,000
Restricted cash 423,189,000 375,853,000
Total cash, cash equivalents and restricted cash from continuing operations shown as in the statement of cash flows $ 669,588,000 $ 583,224,000