Restatement of Previously Issued Financial Statements (Notes)

12 Months Ended

Sep. 30, 2013

Restatement and Immaterial Correction of Previously Issued Financial Statements [Abstract]

Accounting Changes and Error Corrections [Text Block]

Restatement of Previously Issued Financial Statements

The Company has restated the consolidated financial statements and other financial information for the fiscal years ended September 30, 2012 and 2011, certain financial information for the fiscal year ended September 30, 2010, and for each of the quarters in the fiscal year ended September 30, 2012. In connection with the preparation of the consolidated financial statements for the fiscal year ended September 30, 2013, the Company identified errors in the reconciliation of the Company’s subsidiary INTL FCStone Markets, LLC’s accounting records to its back office system which occurred in 2012, 2011 and 2010. Corrections made by the Company related to these errors in aggregate resulted in a reduction in net income of $5.9 million collectively for the years ended September 30, 2012, 2011 and 2010. The correction of these errors had no impact on the net cash flows related to operating activities, investing activities, or financing activities in the Company’s previously reported consolidated statements of cash flows for the fiscal years ended September 30, 2012 and 2011.

Financial Statement Presentation

The prior period consolidated balance sheet included in this filing has been restated to reflect the correction of these reconciliation errors noted above. The impact of the correction of the reconciliation errors to the Company’s previously reported consolidated balance sheet as of September 30, 2012 is summarized below.

(in millions)	As of September 30, 2012
	(As Reported)		Cumulative Prior Period Adjustments		FY 2012 Adjustment		(As Restated)
Deposits with and receivables from broker-dealers, clearing organizations and counterparties	$	127.4	(7.1	)	(3.5	)	$	116.8
Income taxes receivable	$	11.9	2.3		1.3		$	15.5
Goodwill and intangible assets, net	$	54.7	1.1		—		$	55.8
Total assets	$	2,958.9	(3.7	)	(2.2	)	$	2,953.0
Total liabilities	$	2,639.8	—		—		$	2,639.8
Retained earnings	$	112.0	(3.7	)	(2.2	)	$	106.1
Total stockholders’ equity	$	319.1	(3.7	)	(2.2	)	$	313.2
Total liabilities and stockholders’ equity	$	2,958.9	(3.7	)	(2.2	)	$	2,953.0

The prior period consolidated income statements included in this filing have been restated to reflect the correction of these reconciliation errors, which impact “trading gains, net” revenues and “income tax expense”. In addition, the prior period consolidated income statements have been revised to reflect the immaterial correction of certain intercompany physical sales which were not correctly eliminated from the consolidated income statements, resulting in a gross-up of sales of physical commodities and cost of sales of physical commodities. This gross-up does not impact operating revenues or net income.

The prior period consolidated statements of stockholders’ equity included in this filing have been restated as of October 1, 2010 for the cumulative overstatement of retained earnings prior to fiscal year 2011 arising from these errors in the amount of $1.2 million.

We have reflected the correction of these reconciliation errors in our consolidated financial statements for each of the quarterly periods in the year ended September 30, 2012 as presented in Note 21 - Quarterly Financial Information (Unaudited).

Immaterial Correction of Errors in Previously Reported Consolidated Financial Statements

The Company has made an immaterial correction relating to the reconciliation errors for the three months ended June 30, 2013 resulting in an aggregate increase in net income of $0.5 million. The Company has also made immaterial corrections relating to errors involving certain intercompany physical sales which were not correctly eliminated from the consolidated income statements, for the quarterly periods ended December 31, 2012, March 31, 2013, and June 30, 2013. These immaterial corrections did not impact operating revenues or net income.

The impact of the correction of these errors to the Company's previously reported consolidated income statements for fiscal years ended September 30, 2012 and 2011 is summarized as follows:

	Consolidated Income Statement Information for the Year Ended September 30,
(in millions, except share and per share amounts)	2012						2011
	(As Reported)		Adjustment		(As Restated)		(As Reported)		Adjustment		(As Restated)
Sales of physical commodities	$	68,812.5	(1,297.8	)	$	67,514.7	$	75,123.4	(2,602.2	)	$	72,521.2
Trading gains, net	$	248.4	(3.5	)	$	244.9	$	205.7	(4.1	)	$	201.6
Total revenues	$	69,260.6	(1,301.3	)	$	67,959.3	$	75,497.6	(2,606.3	)	$	72,891.3
Cost of sales of physical commodities	$	68,802.9	(1,297.8	)	$	67,505.1	$	75,074.4	(2,602.2	)	$	72,472.2
Operating revenues	$	457.7	(3.5	)	$	454.2	$	423.2	(4.1	)	$	419.1
Net operating revenues	$	309.7	(3.5	)	$	306.2	$	312.3	(4.1	)	$	308.2
Income from continuing operations, before tax	$	19.3	(3.5	)	$	15.8	$	59.5	(4.1	)	$	55.4
Income tax expense	$	4.4	(1.3	)	$	3.1	$	22.5	(1.6	)	$	20.9
Net income attributable to INTL FCStone Inc. common stockholders	$	15.0	(2.2	)	$	12.8	$	37.3	(2.5	)	$	34.8
Comprehensive income	$	18.7	(2.2	)	$	16.5	$	34.3	(2.5	)	$	31.8
Basic earnings per share	$	0.79	(0.12	)	$	0.67	$	2.07	(0.14	)	$	1.93
Diluted earnings per share	$	0.75	(0.11	)	$	0.64	$	1.96	(0.13	)	$	1.83