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Supplemental Cash Flow Information
9 Months Ended
Dec. 31, 2023
Offsetting [Abstract]  
Supplemental Cash Flow Information Supplemental Cash Flow Information
Cash paid for taxes for the nine months ended December 31, 2023 and 2022 was de minimis. Cash paid for interest for the nine months ended December 31, 2023 and 2022, was $0.4 million and $6.5 million, respectively.
Supplemental disclosure of noncash investing and financing activities include:
Nine Months Ended December 31, 2023:
$793.4 million conversion of BCG Class A common units for Class A common stock.
$791.9 million conversion of BCG Preferred B.2 for Class A common stock.
$205.8 million conversion of BCH Preferred C for Class A common stock.
$193.9 million exchange of BCH Preferred A.1 for Class A common stock and Class B common stock in BCG Recapitalization.
$56.7 million transfer of alternative assets for settlement of the Customer ExAlt Trust loan payable.
$36.7 million issuance of Series B-1 preferred stock in connection with recent financings.
$12.5 million accrual for BCH Preferred A.0 guaranteed payment.
$6.9 million deemed dividend from BCH Preferred A.1 to BCG Preferred B.2 for accrual of preferred return.
$5.3 million issuance of Class A common for recent financings.
$4.0 million settlement of liability for issuance of Class A common stock.
$3.9 million conversion of BCH Class S Ordinary to Class A common stock.
$1.1 million of noncash issuance of noncontrolling interest.
$0.8 million of distributions payable to the Charitable Beneficiaries.
Nine Months Ended December 31, 2022:
$27.9 million deemed dividend from BCH Preferred A.1 to BCG Preferred B.2 for accrual of preferred return.
$20.1 million issuance of BCG Preferred B.2 to satisfy the contingent consideration payable.
$11.8 million accrual for BCH Preferred A.0 guaranteed payment.
$2.4 million issuance of noncontrolling interest from reserved cash received in a prior period.
$1.4 million promissory note receivable received as consideration in sale of fixed assets.
$1.3 million of distributions payable to the Charitable Beneficiaries.
$1.1 million exchange of BCH Preferred A.0 for BCH Preferred A.1.
$0.3 million of noncash issuance of noncontrolling interest.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated statements of financial condition and that are shown in the consolidated statements of cash flows:
December 31, 2023March 31, 2023
Cash and cash equivalents$11,248 $8,726 
Restricted cash20 819 
Total cash, cash equivalents and restricted cash $11,268 $9,545