XML 58 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Cash Flows Statements (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net income $ 9.4us-gaap_ProfitLoss $ 2.5us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1.9us-gaap_Depreciation 1.8us-gaap_Depreciation
Provision for bad debts and impairments 0us-gaap_ProvisionForDoubtfulAccounts 0.5us-gaap_ProvisionForDoubtfulAccounts
Deferred income taxes 1.4us-gaap_DeferredIncomeTaxExpenseBenefit (3.2)us-gaap_DeferredIncomeTaxExpenseBenefit
Amortization of debt issuance costs and debt discount 0.2us-gaap_AmortizationOfFinancingCostsAndDiscounts 0.3us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of stock-based compensation 0.9us-gaap_ShareBasedCompensation 1.1us-gaap_ShareBasedCompensation
Loss on sale of property and equipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0.2us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Changes in operating assets and liabilities, net:    
Cash, securities and other assets segregated under federal and other regulations (202.7)us-gaap_IncreaseDecreaseInOperatingAssets 233.3us-gaap_IncreaseDecreaseInOperatingAssets
Deposits and receivables from exchange-clearing organizations 155.4us-gaap_IncreaseDecreaseInDeposits (129.8)us-gaap_IncreaseDecreaseInDeposits
Deposits and receivables from broker-dealers, clearing organizations, and counterparties (10.1)us-gaap_IncreaseDecreaseInBrokerageReceivables 4.8us-gaap_IncreaseDecreaseInBrokerageReceivables
Receivable from customers, net (8.0)us-gaap_IncreaseDecreaseInAccountsReceivable 18.3us-gaap_IncreaseDecreaseInAccountsReceivable
Notes receivable from customers, net (10.0)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable (8.9)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable
Income taxes receivable (1.9)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 1.6us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Financial instruments owned, at fair value 38.4us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities (11.9)us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
Physical commodities inventory (5.1)us-gaap_IncreaseDecreaseInInventories 32.4us-gaap_IncreaseDecreaseInInventories
Other assets (4.2)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 2.4us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and other accrued liabilities (22.2)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (14.3)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Payable to customers 104.1us-gaap_IncreaseDecreaseInPayablesToCustomers (107.4)us-gaap_IncreaseDecreaseInPayablesToCustomers
Payable to broker-dealers, clearing organizations and counterparties 12.8us-gaap_IncreaseDecreaseInPayablesToBrokerDealers (13.4)us-gaap_IncreaseDecreaseInPayablesToBrokerDealers
Income taxes payable 2.1us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 0.9us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Financial instruments sold, not yet purchased, at fair value (37.0)us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased 31.4us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
Net cash (used in) provided by operating activities 25.4us-gaap_NetCashProvidedByUsedInOperatingActivities 42.6us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property and equipment (0.9)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash (used in) provided by investing activities (0.9)us-gaap_NetCashProvidedByUsedInInvestingActivities (1.3)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Net change in payable to lenders under loans 26.6us-gaap_ProceedsFromRepaymentsOfDebt (0.8)us-gaap_ProceedsFromRepaymentsOfDebt
Payments related to earn-outs on acquisitions (1.6)us-gaap_PaymentsForProceedsFromPreviousAcquisition (0.3)us-gaap_PaymentsForProceedsFromPreviousAcquisition
Debt issuance costs (0.1)us-gaap_PaymentsOfDebtIssuanceCosts (0.3)us-gaap_PaymentsOfDebtIssuanceCosts
Exercise of stock options 1.4us-gaap_ProceedsFromStockOptionsExercised 0.5us-gaap_ProceedsFromStockOptionsExercised
Repurchase of stock (2.4)us-gaap_PaymentsForRepurchaseOfCommonStock (1.3)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash provided by (used in) financing activities 23.9us-gaap_NetCashProvidedByUsedInFinancingActivities (2.2)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rates on cash and cash equivalents (1.5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (0.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents 46.9us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 38.8us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 231.3us-gaap_CashAndCashEquivalentsAtCarryingValue 156.1us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 278.2us-gaap_CashAndCashEquivalentsAtCarryingValue 194.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid for interest 2.3us-gaap_InterestPaidNet 2.6us-gaap_InterestPaidNet
Income taxes paid, net of cash refunds 2.6us-gaap_IncomeTaxesPaidNet 1.5us-gaap_IncomeTaxesPaidNet
Supplemental disclosure of non-cash investing and financing activities:    
Additional consideration payable related to acquisitions, net 0.1us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 0.2us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Payable related to repurchase of stock $ 0.5us-gaap_StockIssued1 $ 0us-gaap_StockIssued1