Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net income $ 148,747 $ 183,400
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization 8,065 6,611
Amortization of deferred acquisition costs 107,266 12,161
Noncash lease expense 6,196 4,023
Change in deferred taxes (3,623) 3,312
Stock compensation expense 22,671 2,264
Unrealized gain on trading securities (974) (30,664)
Unrealized gain on derivatives (4,053) (434)
Net realized loss/(gain) on available-for-sale securities 167 (1,264)
Net change in accrued interest 12,558 (68,173)
Revaluation of purchase price of previously held interest in Arbuz 0 (1,040)
Gain from sale of ITS tech (4,201) 0
Change in insurance reserves 93,241 38,032
Revaluation of investments in associates (1,960) 0
Change in unused vacation reserves 474 1,800
Provision for allowance for expected credit losses 8,657 18,988
Changes in operating assets and liabilities:    
Trading securities (187,941) (1,264,940)
Margin lending, brokerage and other receivables (including $(140,027) and $294,985 changes from related parties) 3,584 (656,755)
Insurance contract assets (6,085) 3,412
Other assets (160,073) (30,959)
Brokerage customer liabilities (including $(147,480) and $(130,210) changes from related parties) 916,550 354,720
Current income tax liability (5,152) 17,947
Margin lending and trade payables (including $(485) and $(3,239) changes from related parties) (549,368) 39,701
Lease liabilities (5,227) (4,728)
Liabilities from insurance activity 2,608 (262)
Other liabilities 13,945 21,159
Net cash flows from/(used in) operating activities 416,072 (1,351,689)
Cash Flows Used In Investing Activities    
Purchase of fixed assets (33,641) (19,446)
Net change in loans issued to customers (95,076) (443,901)
Purchase of available-for-sale securities, at fair value (144,767) (134,002)
Proceeds from sale of available-for-sale securities, at fair value 69,849 174,277
Consideration paid for Arbuz 0 (13,281)
Consideration paid for Internet Tourism 0 (31)
Consideration paid for Aviata 0 (690)
Consideration paid for Ticketon 0 (3,003)
Cash, cash equivalents and restricted cash disposed as a result of deconsolidation of Freedom UA 0 (1,987)
Cash, cash equivalents and restricted cash received from acquisitions 0 2,461
Cash received from sale of ITS Tech 2,000 0
Capital contribution to investment in associate (2,479) 0
Cash, cash equivalents disposed from sale of ITS Tech (542) 0
Consideration paid to SilkNetCom (11,183) 0
Cash received at acquisition of SilkNetCom 54 0
Prepayment on acquisitions (7,652) (10,550)
Net cash flows used in investing activities (223,437) (450,153)
Cash Flows From Financing Activities    
Net proceeds from securities repurchase agreement obligations 30,269 1,367,948
Proceeds from issuance of debt securities 0 5,801
Repurchase of mortgage loans under the State Program (26,771) (19,526)
Funds received under state program for financing of mortgage loans 40,793 53,400
Net change in bank customer deposits 308,669 279,939
Purchase of non-controlling interest in Arbuz 0 (3,228)
Net proceeds from loans received 17,355 410
Net cash flows from financing activities 370,315 1,684,744
Effect of changes in foreign exchange rates on cash and cash equivalents (106,027) (59,098)
Effect of expected credit losses on cash and cash equivalents and restricted cash 186 0
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 457,109 (176,196)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,007,721 1,026,945
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 1,464,830 $ 850,749