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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Net income $ 9,778 $ 38,658
Non-cash items included in net income:    
Depreciation and amortization of furniture, equipment and leasehold improvements 1,996 1,926
Deferred income taxes 3,162 1,885
Amortization of notes receivable 3,735 3,438
Amortization of debt issuance costs 63 62
Provision for credit losses 5 1,509
Share-based compensation 2,910 10,598
Amortization of right-of-use lease assets 6,570 6,501
Decrease (increase) in operating assets:    
Deposits with clearing organizations (34,403) 6,049
Receivable from brokers, dealers and clearing organizations (39,535) (30,421)
Receivable from customers (39,860) (43,173)
Securities purchased under agreements to resell 935 (25,937)
Securities owned (54,542) 5,187
Notes receivable (7,631) (6,124)
Other assets 29,708 87,739
Increase (decrease) in operating liabilities:    
Drafts payable 0 12,392
Payable to brokers, dealers and clearing organizations (102,554) 161,502
Payable to customers 50,030 (40,357)
Securities sold under agreements to repurchase 203,829 (335,288)
Securities sold but not yet purchased 25,413 234,315
Accrued compensation (226,483) (99,101)
Income tax payable (378) 6,050
Accounts payable and other liabilities 15,106 9,858
Cash (used in)/provided by operating activities (152,146) 7,268
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (2,490) (999)
Cash used in investing activities (2,490) (999)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (1,895) (1,506)
Repurchase of Class A non-voting common stock for cancellation (16,158) 0
Payments for employee taxes withheld related to vested share-based awards (2,251) (4,720)
Debt issuance costs 0 (22)
Increase/(decrease) in bank call loans, net 8,650 (6,900)
Cash used in financing activities (11,654) (13,148)
Net decrease in cash, cash equivalents and restricted cash (166,290) (6,879)
Cash, cash equivalents and restricted cash, beginning of period 341,524 35,424
Cash, cash equivalents and restricted cash, end of period 175,234 28,545
Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets:    
Cash and cash equivalents 47,453 28,545
Restricted cash 127,781 0
Total cash, cash equivalents and restricted cash 175,234 28,545
Schedule of non-cash financing activities    
Employee share plan issuance 3,809 6,228
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 4,135 4,578
Cash paid during the period for income taxes, net $ 1,675 $ 797