Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
ASSETS        
Cash and cash equivalents (including $203 and $35,549 with related parties) $ 545,084 $ 581,417 $ 225,464  
Restricted cash (including $— $114,885 with related parties) 462,637 445,528    
Trading securities (including $1,326 and $556 with related parties) 3,688,620 2,412,556 1,158,377  
Available-for-sale securities, at fair value 216,621 239,053    
Margin lending, brokerage and other receivables, net (including $22,039 and $295,611 due from related parties) 1,660,275 376,329 147,659  
Loans issued (including $147,440 and $121,316 to related parties) 1,381,715 826,258    
Fixed assets, net 83,002 54,017 17,823  
Intangible assets, net 47,668 17,615 5,163  
Goodwill 52,648 14,192 5,898  
Right-of-use asset 36,324 30,345 7,431  
Insurance contract assets 24,922 13,785 5,712  
Other assets, net (including $5,257 and $16,102 with related parties) 102,414 73,463    
Total assets 8,301,930 5,084,558 3,230,347  
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations 2,756,596 1,517,416 840,224  
Customer liabilities (including $44,127 and $130,210 to related parties) 2,273,830 1,925,247 765,628  
Margin lending and trade payables (including $507 and $3,721 to related parties) 867,880 122,900 45,083  
Liabilities from insurance activity (including $470 and $34 to related parties) 297,180 182,502 122,087  
Current income tax liability 32,996 4,547 14,556  
Debt securities issued 267,251 60,025 34,390  
Lease liability 35,794 30,320 7,504  
Liability arising from continuing involvement 521,885 440,805    
Other liabilities (including $9,854 and $46 to related parties) 81,560 30,060    
Total liabilities 7,134,972 4,313,822 2,683,739  
Commitments and Contingent Liabilities (Note 29) 0 0 0  
SHAREHOLDERS’ EQUITY        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding 0 0 0  
Common stock - $0.001 par value; 500,000,000 shares authorized; 60,321,813 and 59,659,191 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively 60 59 59  
Additional paid in capital 183,788 164,162 174,745  
Retained earnings 998,740 647,064 441,924  
Accumulated other comprehensive loss (18,938) (34,000) (63,125)  
TOTAL FRHC SHAREHOLDERS’ EQUITY 1,163,650 777,285 553,603  
Non-controlling interest 3,308 (6,549) (6,995)  
TOTAL SHAREHOLDERS’ EQUITY 1,166,958 770,736 546,608 $ 307,674
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,301,930 $ 5,084,558 $ 3,230,347