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 ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities    
Net income $ 4,276  
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization 1,503  
Loss on sale of fixed assets 31  
Change in deferred taxes (260)  
Stock compensation expense 2,533  
Unrealized loss/(gain) on trading securities 9,623  
Net gain on derivative 0  
Net change in accrued interest 75  
Allowance for receivables 350  
Changes in operating assets and liabilities:    
Trading securities 14,277  
Brokerage and other receivables (28,968)  
Loans issued 5,644  
Other assets (292)  
Customer liabilities 32,620  
Current income tax liability 81  
Trade payables 4,931  
Securities sold, not yet purchased (1,071)  
Other liabilities 526  
Net cash flows from/used in operating activities 45,879  
Cash Flows From Investing Activities    
Purchase of fixed assets (4,311)  
Proceeds from sale of fixed assets 268  
Proceeds from sale of intangible assets 0  
Proceeds from sale/(purchase) of available-for-sale securities, at fair value 235  
Consideration paid for Asyl (2,240)  
Cash received from acquisitions 0  
Net cash flows used in investing activities (6,048)  
Cash Flows From Financing Activities    
Proceeds from/(repurchase of) securities repurchase agreement obligations (65,238)  
Proceeds from issuance of debt securities 22,059  
Repurchase of debt securities (3,346)  
Proceeds from loans received 5,615  
Repayment of loans (8,143)  
Capital contributions 245  
Private placement 0  
Net cash flows used in/from financing activities (48,808)  
Effect of changes in foreign exchange rates on cash and cash equivalents (10,188)  
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (19,165)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 87,693  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 68,528  
Supplemental disclosure of cash flow information:    
Cash paid for interest 10,654  
Income tax paid 417  
Asyl    
Non-cash investing and financing activities:    
Assets received from acquisition 0  
Liabilities assumed from acquisition 0  
Nettrader    
Non-cash investing and financing activities:    
Assets received from acquisition 0  
Liabilities assumed from acquisition 0  
Freedom UA    
Non-cash investing and financing activities:    
Assets received from acquisition 0  
Liabilities assumed from acquisition 0  
Common stock issued for acquisition of Freedom UA $ 0  
(Recast)    
Cash Flows From Operating Activities    
Net income   $ 21,934
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization   918
Loss on sale of fixed assets   202
Change in deferred taxes   639
Stock compensation expense   792
Unrealized loss/(gain) on trading securities   (19,578)
Net gain on derivative   (490)
Net change in accrued interest   (263)
Allowance for receivables   31
Changes in operating assets and liabilities:    
Trading securities   (98,938)
Brokerage and other receivables   (2,264)
Loans issued   145
Other assets   (2,495)
Customer liabilities   7,271
Current income tax liability   (126)
Trade payables   1,413
Securities sold, not yet purchased   0
Other liabilities   574
Net cash flows from/used in operating activities   (90,235)
Cash Flows From Investing Activities    
Purchase of fixed assets   (1,123)
Proceeds from sale of fixed assets   8
Proceeds from sale of intangible assets   125
Proceeds from sale/(purchase) of available-for-sale securities, at fair value   (3,814)
Consideration paid for Asyl   0
Cash received from acquisitions   1,800
Net cash flows used in investing activities   (3,004)
Cash Flows From Financing Activities    
Proceeds from/(repurchase of) securities repurchase agreement obligations   81,421
Proceeds from issuance of debt securities   13,594
Repurchase of debt securities   (2,428)
Proceeds from loans received   0
Repayment of loans   0
Capital contributions   8,594
Private placement   11,045
Net cash flows used in/from financing activities   112,226
Effect of changes in foreign exchange rates on cash and cash equivalents   (1,192)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   17,795
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD   35,365
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD   53,160
Supplemental disclosure of cash flow information:    
Cash paid for interest   8,467
Income tax paid   583
(Recast) | Asyl    
Non-cash investing and financing activities:    
Assets received from acquisition   4,666
Liabilities assumed from acquisition   82
(Recast) | Nettrader    
Non-cash investing and financing activities:    
Assets received from acquisition   11,158
Liabilities assumed from acquisition   4,121
(Recast) | Freedom UA    
Non-cash investing and financing activities:    
Assets received from acquisition   1,652
Liabilities assumed from acquisition   999
Common stock issued for acquisition of Freedom UA   $ 1,485