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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income $ 86,283 $ 262,111
Net (loss)/income from discontinued operations (6,080) 449
Net income from continued operations 92,363 261,662
Adjustments to reconcile net income used in operating activities:    
Depreciation and amortization 1,817 1,915
Noncash lease expense 2,047 1,568
Change in deferred taxes (1,763) 2,431
Stock compensation expense 3,581 3,365
Unrealized loss/(gain) on trading securities 8,232 (41,966)
Net change in accrued interest (20,855) (21,137)
Change in insurance reserves 30,627 25,138
Allowances for receivables 6,154 1,245
Changes in operating assets and liabilities:    
Trading securities (223,540) (181,734)
Brokerage and other receivables (263,107) (189,970)
Insurance contract assets 706 443
Other assets (33,322) (4,316)
Securities sold, not yet purchased – at fair value (6,489) 6,719
Customer liabilities 329,496 110,815
Current income tax liability 4,537 19,684
Trade payables 20,490 26,575
Lease liabilities (2,453) (1,654)
Liabilities from insurance activity (8,032) (5,355)
Other liabilities 154,111 (186)
Net cash flows from operating activities from continuing operations 94,600 15,242
Net cash flows from operating activities from discontinued operations 29,583 5,605
Net cash flows from operating activities 124,183 20,847
Cash Flows Used In Investing Activities    
Purchase of fixed assets (17,295) (2,776)
Proceeds from sale of fixed assets 36 167
Loans purchased from microfinance organization (74,796) (19,677)
Loans sold to microfinance organization 19,545 2,860
Loans issued (228,570) (5,726)
Purchase of available-for-sale securities, at fair value (167,450) (147,479)
Proceeds from sale of available-for-sale securities, at fair value 157,420 106,850
Consideration paid for acquisition of London Almaty (16,343) 0
Prepayment on acquisition 4,954 0
Cash, cash equivalents and restricted cash received from acquisitions 11,385 0
Net cash flows used in investing activities from continuing operations (311,114) (65,781)
Net cash flows used in investing activities from discontinued operations (12,073) (471)
Net cash flows used in investing activities (323,187) (66,252)
Cash Flows From Financing Activities    
Proceeds from securities repurchase agreement obligations 168,565 172,234
Proceeds from issuance of debt securities 17,240 0
Repurchase of debt securities 0 (10,134)
Net change in bank customer deposits 513,546 17,497
Capital contributions 677 1,966
Exercise of options 0 119
Proceeds from loans received 1,863 69
Net cash flows from financing activities from continuing operations 701,891 181,751
Net cash flows from/(used in) financing activities from discontinued operations 44,203 (28,884)
Net cash flows from financing activities 746,094 152,867
Effect of changes in foreign exchange rates on cash and cash equivalents from continued operations (28,371) 250
Effect of changes in foreign exchange rates on cash and cash equivalents from discontinued operations 212,557 23,276
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 731,276 130,988
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD FROM CONTINUED OPERATIONS 773,414 659,498
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD FROM DISCONTINUED OPERATIONS 456,886 558,890
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 1,230,300 1,218,388
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD FROM CONTINUED OPERATIONS 1,230,420 744,465
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD FROM DISCONTINUED OPERATIONS 731,156 604,911
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,961,576 1,349,376
Supplemental disclosure of cash flow information:    
Cash paid for interest 39,032 15,275
Income tax paid 18,803 20,107
Supplemental non-cash disclosures:    
Operating lease right-of-use assets obtained/disposed of in exchange for operating lease obligations during the period, net 5,706 2,424
Cash and cash equivalents 790,390 184,523
Restricted cash 440,030 559,942
Total cash, cash equivalents and restricted cash shown as in the statement of cash flows $ 1,230,420 $ 744,465

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