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 ($)
 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income [1] $ 86,283,000 $ 262,111,000
Net (loss)/income from discontinued operations [1] (6,080,000) 449,000
Net income from continued operations [1] 92,363,000 261,662,000
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization [1] 1,817,000 1,915,000
Noncash lease expense [1] 2,047,000 1,568,000
Change in deferred taxes [1] (1,763,000) 2,431,000
Stock compensation expense [1] 3,581,000 3,365,000
Unrealized loss/(gain) on trading securities [1] 8,232,000 (41,966,000)
Net change in accrued interest [1] (20,855,000) (21,137,000)
Change in insurance reserves [1] 30,627,000 25,138,000
Allowances for receivables [1] 6,154,000 1,245,000
Changes in operating assets and liabilities:    
Trading securities [1] (223,540,000) (181,734,000)
Brokerage and other receivables [1] (263,107,000) (189,970,000)
Insurance contract assets [1] 706,000 443,000
Other assets [1] (33,322,000) (4,316,000)
Securities sold, not yet purchased – at fair value [1] (6,489,000) 6,719,000
Brokerage customer liabilities [1] 329,496,000 110,815,000
Current income tax liability [1] 4,537,000 19,684,000
Trade payables [1] 20,490,000 26,575,000
Lease liabilities [1] (2,453,000) (1,654,000)
Liabilities from insurance activity [1] (8,032,000) (5,355,000)
Other liabilities [1] 4,521,000 (186,000)
Net cash flows from operating activities from continuing operations [1] (54,990,000) 15,242,000
Net cash flows from operating activities from discontinued operations [1] 29,583,000 5,605,000
Net cash flows from operating activities [1] (25,407,000) 20,847,000
Cash Flows Used In Investing Activities    
Purchase of fixed assets [1] (17,295,000) (2,776,000)
Proceeds from sale of fixed assets [1] 36,000 167,000
Insurance contract assets [1] (74,796,000) (19,677,000)
Loans sold to microfinance organization [1] 19,545,000 2,860,000
Net change in loans issued to customers [1] (228,570,000) (5,726,000)
Purchase of available-for-sale securities, at fair value [1] (167,450,000) (147,479,000)
Proceeds from sale of available-for-sale securities, at fair value [1] 157,420,000 106,850,000
Consideration paid for acquisition of London Almaty [1] (16,343,000) 0
Prepayment on acquisition [1] 4,954,000 0
Cash, cash equivalents and restricted cash received from acquisitions [1] 11,385,000 0
Net cash flows used in investing activities from continuing operations [1] (311,114,000) (65,781,000)
Net cash flows used in investing activities from discontinued operations [1] (12,073,000) (471,000)
Net cash flows used from investing activities [1] (323,187,000) (66,252,000)
Cash Flows From Financing Activities    
Proceeds from securities repurchase agreement obligations [1] 168,565,000 172,234,000
Proceeds from issuance of debt securities [1] 17,240,000 0
Repurchase of debt securities [1] 0 (10,134,000)
Repurchase of mortgage loans under the State Program [1] (2,594,000) 0
Funds received under state program for financing of mortgage loans [1] 152,184,000 0
Net change in bank customer deposits [1] 513,546,000 17,497,000
Capital contributions [1] 677,000 1,966,000
Exercise of options [1] 0 119,000
Proceeds from loans received [1] 1,863,000 69,000
Net cash flows from financing activities from continuing operations [1] 851,481,000 181,751,000
Net cash flows from/(used in) financing activities from discontinued operations [1] 44,203,000 (28,884,000)
Net cash flows from financing activities [1] 895,684,000 152,867,000
Effect of changes in foreign exchange rates on cash and cash equivalents from continued operations [1] (28,371,000) 250,000
Effect of changes in foreign exchange rates on cash and cash equivalents from discontinued operations [1] 212,557,000 23,276,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH [1] 731,276,000 130,988,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD FROM CONTINUED OPERATIONS [1] 773,414,000 659,498,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD FROM DISCONTINUED OPERATIONS [1] 456,886,000 558,890,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 1,230,300,000 1,218,388,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD FROM CONTINUED OPERATIONS [1] 1,230,420,000 744,465,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD FROM DISCONTINUED OPERATIONS [1] 731,156,000 604,911,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] 1,961,576,000 1,349,376,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 39,032,000 15,275,000
Income tax paid 18,803,000 20,107,000
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 5,706,000 2,424,000
Cash and cash equivalents 790,390,000 184,523,000
Restricted cash 440,030,000 559,942,000
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows [1] $ 1,230,420,000 $ 744,465,000
[1] * Please see Note 4