Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
ASSETS    
Cash and cash equivalents (including $— and $35,549 with related parties) $ 561,883 $ 581,417
Restricted cash (including $67,215 and $114,885 with related parties) 384,553 445,528
Trading securities (including $16,220 and $556 with related parties) 3,680,453 2,412,556
Assets measured at fair value 202,497 239,053
Margin lending, brokerage and other receivables, net (including $43,241 and $295,611 due from related parties) 961,392 376,329
Loans issued (including $144,289 and $121,316 to related parties) 1,346,005 826,258
Fixed assets, net 78,099 54,017
Intangible assets, net 46,771 17,615
Goodwill 52,238 14,192
Right-of-use asset 34,180 30,345
Insurance contract assets 12,728 13,785
Other assets, net (including $533 and $16,102 with related parties) 88,244 73,463
TOTAL ASSETS 7,449,043 5,084,558
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Securities repurchase agreement obligations 2,889,173 1,517,416
Customer liabilities (including $112,701 and $130,210 to related parties) 2,248,042 1,925,247
Margin lending and trade payables (including $474 and $3,721 to related parties) 145,804 122,900
Liabilities from insurance activity 242,179 182,502
Current income tax liability 27,711 4,547
Debt securities issued 266,310 60,025
Lease liability 34,614 30,320
Liability arising from continuing involvement 494,513 440,805
Other liabilities (including $11,783 and $46 to related parties) 61,447 30,060
TOTAL LIABILITIES 6,409,793 4,313,822
Commitments and Contingent Liabilities (Note 23) 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; 59,659,191 and 59,659,191 shares issued and outstanding as of December 31, 2023, and March 31, 2023, respectively 59 59
Additional paid in capital 167,465 164,162
Retained earnings 903,517 647,064
Accumulated other comprehensive loss (34,845) (34,000)
TOTAL FRHC SHAREHOLDERS’ EQUITY 1,036,196 777,285
Non-controlling interest 3,054 (6,549)
TOTAL SHAREHOLDERS’ EQUITY 1,039,250 770,736
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 7,449,043 $ 5,084,558