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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities    
Net income $ 20,900 $ 4,276
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization 1,925 1,503
Depreciation of lease assets 3,322 0
Loss on sale of fixed assets 202 31
Change in deferred taxes 1,001 (260)
Stock compensation expense 2,100 2,533
Share based payment 836 0
Unrealized loss on trading securities 5,251 9,623
Unrealized gain on derivative asset (233) 0
Net change in accrued interest 610 75
Allowance for receivables (1,316) 350
Changes in operating assets and liabilities:    
Changes in lease liabilities (4,733) 0
Trading securities (59) 14,277
Brokerage and other receivables (80,423) (28,968)
Loans issued (8,180) 5,644
Other assets (5,763) (292)
Customer liabilities 105,560 32,620
Current income tax liability (593) 81
Trade payables 22,069 4,931
Securities sold, not yet purchased 4,385 (1,071)
Other liabilities 1,784 526
Net cash flows from operating activities 68,645 45,879
Cash Flows From Investing Activities    
Purchase of fixed assets (3,608) (4,311)
Proceeds from sale of fixed assets 468 268
Proceeds from the sale/(purchase) of available-for-sale securities, at fair value, net (7,455) 235
Consideration paid for Asyl Invest 0 (2,240)
Net cash flows used in investing activities (10,595) (6,048)
Cash Flows From Financing Activities    
Repurchase of securities repurchase agreement obligations (15,285) (65,238)
Proceeds from issuance of debt securities 17,722 22,059
Repurchase of debt securities (7,256) (3,346)
Proceeds from loans received 0 5,615
Repayment of loans received (4,008) (8,143)
Exercise of options 455 0
Capital contributions 0 245
Net cash flows used in financing activities (8,372) (48,808)
Effect of changes in foreign exchange rates on cash and cash equivalents 5,281 (10,188)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 54,959 (19,165)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 88,420 87,693
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 143,379 68,528
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,686 10,654
Income tax paid 5,094 417
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained in exchange for operating lease obligations 14,960 0
Lease obligations obtained on adoption of new lease standard $ 16,471 $ 0

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