Quarterly report pursuant to Section 13 or 15(d)

RECAST - Condensed Consolidated Balance Sheet (Details)

v3.23.1
RECAST - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
ASSETS        
Cash and cash equivalents $ 246,399 $ 225,464    
Restricted cash 423,189 547,950    
Trading securities 1,298,402 1,158,377    
Available-for-sale securities, at fair value 219,470 161,364    
Brokerage and other receivables, net 232,109 147,659    
Loans issued 212,088 92,446    
Fixed assets, net 21,955 17,823    
Intangible assets, net 5,376 5,163    
Goodwill 5,932 5,898    
Operating lease assets 9,486 7,431    
Deferred tax assets 1,934 908    
Assets from insurance activity 7,170 5,712    
Assets held for sale 1,168,692 825,419    
Other Assets 38,539 26,136    
TOTAL ASSETS 3,890,741 3,227,750    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations 995,907 840,224    
Customer liabilities 762,869 765,628    
Trade payables 67,124 45,083    
Insurance contract liabilities 135,563 119,490    
Current income tax liability 23,803 14,556    
Securities sold, not yet purchased – at fair value 7,186 13,865   $ 8,569
Loans received 5,435 3,538    
Debt securities issued 50,993 34,390    
Total lease liability 9,544 7,504    
Deferred distribution payments 8,534 8,534    
Liabilities held for sale 1,119,655 812,478    
Other liabilities 72,246 15,852    
Payable for acquisition 24,966 0    
TOTAL LIABILITIES 3,283,825 2,681,142    
Commitments and Contingent Liabilities (Note 25) 0 0    
Equity [Abstract]        
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; 59,542,212 shares issued and outstanding as of June 30, 2022, and March 31, 2022, respectively 59 59    
Additional paid in capital 152,532 174,745    
Retained earnings 502,990 441,924    
Accumulated other comprehensive loss (39,676) (63,125)    
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 615,905 553,603    
Non-controlling interest (8,989) (6,995)    
TOTAL SHAREHOLDERS’ EQUITY 606,916 546,608 $ 370,397 $ 307,673
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,890,741 $ 3,227,750    
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, par value (in dollars per share) $ 0.001 $ 0.001    
Common stock, authorized (in shares) 500,000,000 500,000,000    
Common stock, issued (in shares) 59,542,212      
Common stock, outstanding (in shares) 59,542,212      
As previously reported        
ASSETS        
Cash and cash equivalents $ 905,685 $ 625,547    
Restricted cash 375,118 553,680    
Trading securities 1,420,481 1,203,479    
Available-for-sale securities, at fair value 219,470 1    
Brokerage and other receivables, net 511,047 357,567    
Loans issued 223,519 94,797    
Fixed assets, net 29,203 21,365    
Intangible assets, net 9,404 5,791    
Goodwill 5,932 5,388    
Operating lease assets 24,394 15,669    
Deferred tax assets 16,263 12,018    
Assets from insurance activity 7,170 0    
Assets held for sale 0 0    
Other Assets 49,508 25,707    
TOTAL ASSETS 3,797,194 2,921,009    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations 1,030,171 775,178    
Customer liabilities 1,652,643 1,417,937    
Trade payables 82,202 45,229    
Insurance contract liabilities 135,563 0    
Current income tax liability 23,803 14,556    
Securities sold, not yet purchased – at fair value 7,706 14,103    
Loans received 5,435 3,538    
Debt securities issued 115,629 99,027    
Total lease liability 23,642 15,315    
Deferred distribution payments 8,534 8,534    
Liabilities held for sale 0 0    
Other liabilities 79,984 19,917    
Payable for acquisition 24,966      
TOTAL LIABILITIES 3,190,278 2,413,334    
Commitments and Contingent Liabilities (Note 25) 0 0    
Equity [Abstract]        
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; 59,542,212 shares issued and outstanding as of June 30, 2022, and March 31, 2022, respectively 59 59    
Additional paid in capital 152,532 141,340    
Retained earnings 502,990 426,563    
Accumulated other comprehensive loss (39,676) (53,291)    
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 615,905 514,671    
Non-controlling interest (8,989) (6,996)    
TOTAL SHAREHOLDERS’ EQUITY 606,916 507,675    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,797,194 2,921,009    
Recast insurance companies        
ASSETS        
Cash and cash equivalents   816    
Restricted cash   0    
Trading securities   77,395    
Available-for-sale securities, at fair value   161,363    
Brokerage and other receivables, net   179    
Loans issued   43    
Fixed assets, net   436    
Intangible assets, net   1,650    
Goodwill   510    
Operating lease assets   684    
Deferred tax assets   51    
Assets from insurance activity   5,712    
Assets held for sale   0    
Other Assets   7,643    
TOTAL ASSETS   256,482    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations   97,515    
Customer liabilities   (983)    
Trade payables   1    
Insurance contract liabilities   119,490    
Current income tax liability   0    
Securities sold, not yet purchased – at fair value   0    
Loans received   0    
Debt securities issued   0    
Total lease liability   719    
Deferred distribution payments   0    
Liabilities held for sale   0    
Other liabilities   807    
TOTAL LIABILITIES   217,549    
Commitments and Contingent Liabilities (Note 25)   0    
Equity [Abstract]        
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; 59,542,212 shares issued and outstanding as of June 30, 2022, and March 31, 2022, respectively   0    
Additional paid in capital   33,405    
Retained earnings   15,361    
Accumulated other comprehensive loss   (9,834)    
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY   38,932    
Non-controlling interest   1    
TOTAL SHAREHOLDERS’ EQUITY   38,933    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   256,482    
Recast discontinued operations        
ASSETS        
Cash and cash equivalents (659,286) (400,899)    
Restricted cash 48,071 (5,730)    
Trading securities (122,079) (122,497)    
Available-for-sale securities, at fair value   0    
Brokerage and other receivables, net (278,938) (210,087)    
Loans issued (11,431) (2,394)    
Fixed assets, net (7,248) (3,978)    
Intangible assets, net (4,028) (2,278)    
Goodwill 0 0    
Operating lease assets (14,908) (8,922)    
Deferred tax assets (14,329) (11,161)    
Assets from insurance activity 0 0    
Assets held for sale 1,168,692 825,419    
Other Assets (10,969) (7,214)    
TOTAL ASSETS 93,547 50,259    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Securities repurchase agreement obligations (34,264) (32,469)    
Customer liabilities (889,774) (651,326)    
Trade payables (15,078) (147)    
Insurance contract liabilities 0 0    
Current income tax liability 0 0    
Securities sold, not yet purchased – at fair value (520) (238)    
Loans received 0 0    
Debt securities issued (64,636) (64,637)    
Total lease liability (14,098) (8,530)    
Deferred distribution payments 0 0    
Liabilities held for sale 1,119,655 812,478    
Other liabilities (7,738) (4,872)    
Payable for acquisition 0      
TOTAL LIABILITIES 93,547 50,259    
Commitments and Contingent Liabilities (Note 25) 0 0    
Equity [Abstract]        
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; 59,542,212 shares issued and outstanding as of June 30, 2022, and March 31, 2022, respectively 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 $ 93,547 $ 50,259