Freedom Holding Corp. (FRHC) financial statements (2022 and earlier)
Company profile
| Business Address |
C/O POULTON & YORDAN SALT LAKE CITY, UT 84101 |
| State of Incorp. | NV |
| Fiscal Year End | March 31 |
| SIC | 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 1,349 | 699 | 130 | 50 | 65 | 9 | 9 | ||
| Cash and cash equivalents | 699 | 63 | 50 | 65 | 9 | 9 | |||
| Short-term investments | 1,349 | ||||||||
| Other undisclosed cash, cash equivalents, and short-term investments | 67 | ||||||||
| Restricted cash and investments | 405 | ||||||||
| Receivables | 302 | 65 | |||||||
| Prepaid expense | 0 | 0 | |||||||
| Intangible current assets | 9 | 10 | |||||||
| Other current assets | 30 | 20 | |||||||
| Other undisclosed current assets | 0 | ||||||||
| Total current assets: | 2,095 | 793 | 130 | 50 | 65 | 9 | 9 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 18 | 13 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 15 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 21 | 18 | 6 | 6 | 2 | ||||
| Intangible assets, net (including goodwill) | 8 | 8 | 6 | 7 | 2 | ||||
| Goodwill | 8 | 8 | 3 | 3 | 2 | ||||
| Intangible assets, net (excluding goodwill) | 3 | 4 | |||||||
| Deferred income tax assets | 1 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent assets | 0 | 0 | |||||||
| Total noncurrent assets: | 47 | 40 | 28 | 13 | 4 | 0 | 0 | ||
| Other undisclosed assets | 538 | 1,186 | 296 | 288 | 261 | ||||
| TOTAL ASSETS: | 2,680 | 2,019 | 454 | 351 | 330 | 9 | 9 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 150 | 148 | 10 | 33 | 9 | 0 | 0 | ||
| Accounts payable | 129 | 133 | 8 | 33 | 9 | 0 | 0 | ||
| Accrued liabilities | 0 | 0 | |||||||
| Taxes payable | 21 | 15 | 1 | 1 | 0 | 0 | |||
| Debt | 728 | 453 | 48 | 74 | 155 | ||||
| Deferred compensation liability | 9 | 9 | |||||||
| Due to related parties | 0 | 0 | |||||||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 0 | |||||
| Other liabilities | 0 | ||||||||
| Other undisclosed current liabilities | 0 | ||||||||
| Total current liabilities: | 879 | 602 | 58 | 107 | 164 | 9 | 9 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1 | ||||||||
| Long-term debt, excluding current maturities | 1 | ||||||||
| Liabilities, other than long-term debt | 0 | 4 | |||||||
| Deferred income tax liabilities | 0 | 4 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 0 | 5 | |||||||
| Other undisclosed liabilities | 1,210 | 1,136 | 266 | 126 | 51 | ||||
| Total liabilities: | 2,088 | 1,743 | 324 | 233 | 215 | 9 | 9 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 592 | 276 | 131 | 118 | 115 | (0) | 0 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 115 | 105 | 103 | 99 | 87 | 1 | 0 | ||
| Accumulated other comprehensive loss | (39) | (36) | (38) | (23) | (7) | ||||
| Retained earnings (accumulated deficit) | 516 | 209 | 66 | 41 | 35 | (1) | (1) | ||
| Receivable from shareholders or affiliates for issuance of capital stock | (0) | ||||||||
| Other undisclosed stockholders' equity attributable to parent | (2) | 0 | |||||||
| Stockholders' equity attributable to noncontrolling interest | (1) | (2) | |||||||
| Total stockholders' equity: | 591 | 276 | 129 | 118 | 115 | (0) | 0 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,680 | 2,019 | 454 | 351 | 330 | 9 | 9 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 843 | 353 | 122 | 74 | 55 | |||
| Cost of revenue | (176) | (102) | (34) | (23) | (17) | (0) | (0) | |
| Gross profit: | 667 | 250 | 88 | 52 | 39 | (0) | (0) | |
| Operating expenses | (174) | (77) | (60) | (43) | (19) | (0) | (0) | |
| Other operating income (expense), net | 1 | (0) | (1) | (0) | (0) | |||
| Other expenses | (0) | (1) | (0) | (0) | ||||
| Operating income (loss): | 494 | 173 | 28 | 8 | 19 | (1) | (0) | |
| Nonoperating income (expense) | 1 | (3) | (0) | 16 | 0 | 0 | ||
| Investment income, nonoperating | 12 | (0) | 16 | 0 | 0 | |||
| Foreign currency transaction loss, before tax | (15) | (0) | ||||||
| Other nonoperating income | 1 | |||||||
| Interest and debt expense | (69) | (27) | (12) | (15) | (14) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 57 | 27 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 483 | 173 | 12 | (6) | 21 | (1) | (0) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 21 | (5) | ||||||
| Income (loss) from continuing operations before income taxes: | 504 | 173 | 7 | (6) | 21 | (1) | (0) | |
| Income tax expense (benefit) | (4) | 30 | (6) | (1) | (0) | (0) | 0 | |
| Income (loss) before gain (loss) on sale of properties: | 500 | 203 | 1 | (8) | 21 | (1) | (0) | |
| Other undisclosed net income | 21 | |||||||
| Net income (loss): | 500 | 203 | 22 | (8) | 21 | (1) | (0) | |
| Net income attributable to noncontrolling interest | 0 | 3 | ||||||
| Other undisclosed net income (loss) attributable to parent | (71) | (60) | (3) | 15 | (2) | |||
| Net income (loss) attributable to parent: | 429 | 143 | 22 | 7 | 19 | (1) | (0) | |
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | ||||||
| Net income (loss) available to common stockholders, diluted: | 429 | 142 | 22 | 7 | 19 | (1) | (0) | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 500 | 203 | 22 | (8) | 21 | (1) | (0) | |
| Other comprehensive income | 260 | 145 | 19 | |||||
| Other undisclosed comprehensive income (loss) | 124 | (12) | ||||||
| Comprehensive income (loss): | 885 | 348 | 10 | (8) | 40 | (1) | (0) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 3 | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | (1) | (21) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 886 | 348 | 13 | (8) | 19 | (1) | (0) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.