XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenues:        
Sales of physical commodities $ 5,273.3 $ 3,548.0 $ 11,169.3 $ 6,800.6
Trading gains, net 84.0 80.7 167.0 160.4
Commission and clearing fees 70.3 52.1 139.5 101.2
Consulting and management fees 15.5 9.6 31.2 19.3
Interest income 17.7 18.5 28.1 27.2
Other income 0.0 0.0 0.1 0.1
Total revenues 5,460.8 3,708.9 11,535.2 7,108.8
Cost of sales of physical commodities 5,265.0 3,542.8 11,153.9 6,791.4
Operating revenues 195.8 166.1 381.3 317.4
Transaction-based clearing expenses 33.7 32.9 67.3 62.7
Introducing broker commissions 28.2 13.2 56.9 26.0
Interest expense 10.0 7.1 18.9 13.1
Net operating revenues 123.9 112.9 238.2 215.6
Compensation and other expenses:        
Compensation and benefits 76.6 65.2 147.2 128.3
Communication and data services 9.7 7.3 19.8 15.2
Occupancy and equipment rental 3.8 3.2 7.2 6.5
Professional fees 3.4 2.7 8.2 5.6
Travel and business development 3.0 2.3 6.6 5.5
Depreciation and amortization 2.4 2.2 4.8 4.1
Bad debts 1.3 2.6 3.8 4.6
Other 9.4 7.4 17.9 13.7
Total compensation and other expenses 109.6 92.9 215.5 183.5
Income before tax 14.3 20.0 22.7 32.1
Income tax expense 3.3 5.5 5.4 8.8
Net income $ 11.0 $ 14.5 $ 17.3 $ 23.3
Earnings per share:        
Basic $ 0.58 $ 0.77 $ 0.92 $ 1.24
Diluted $ 0.58 $ 0.76 $ 0.92 $ 1.22
Weighted-average number of common shares outstanding:        
Basic 18,404,236 18,592,643 18,325,383 18,621,337
Diluted 18,661,418 18,755,450 18,637,480 18,821,822