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
Jun. 30, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents (including $257 and $203 from related parties) $ 718,678 $ 545,084
Restricted cash (including $1,121 and $— with related parties) 1,179,510 462,637
Trading securities (including $1,256 and $1,326 with related parties) 3,393,936 3,688,620
Available-for-sale securities, at fair value 262,860 216,621
Margin lending, brokerage and other receivables, net (including $37,836 and $22,039 due from related parties) 1,217,885 1,660,275
Loans issued (including $136,558 and $147,440 to related parties) 1,314,552 1,381,715
Fixed assets, net 100,474 83,002
Intangible assets, net 45,535 47,668
Goodwill 50,591 52,648
Right-of-use asset 35,006 36,324
Insurance contract assets 24,949 24,922
Other assets, net (including $23,057 and $5,257 with related parties) 139,584 102,414
TOTAL ASSETS 8,483,560 8,301,930
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Securities repurchase agreement obligations 2,558,794 2,756,596
Customer liabilities (including $84,970 and $44,127 to related parties) 2,699,912 2,273,830
Margin lending and trade payables (including $255 and $507 to related parties) 836,309 867,880
Liabilities from insurance activity (including $57 and $470 to related parties) 320,394 297,180
Current income tax liability 40,485 32,996
Debt securities issued 266,398 267,251
Lease liability 35,390 35,794
Liability arising from continuing involvement 505,659 521,885
Other liabilities (including $8,349 and $9,854 to related parties) 68,040 81,560
TOTAL LIABILITIES 7,331,381 7,134,972
Commitments and Contingent Liabilities (Note 22) 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; 60,721,010 shares issued and outstanding as of June 30, 2024, and 60,321,813 shares issued and outstanding as of March 31, 2024, respectively 60 60
Additional paid in capital 197,205 183,788
Retained earnings 1,033,140 998,740
Accumulated other comprehensive loss (81,393) (18,938)
TOTAL FRHC SHAREHOLDERS’ EQUITY 1,149,012 1,163,650
Non-controlling interest 3,167 3,308
TOTAL SHAREHOLDERS’ EQUITY 1,152,179 1,166,958
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,483,560 $ 8,301,930