XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Cash Flows Statements - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income $ (6.9) $ 6.3
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2.7 2.4
Bad debts 1.1 2.5
Deferred Income Tax Expense (Benefit) 19.7 (3.5)
Amortization of debt issuance costs and debt discount 0.3 1.2
Amortization of stock-based compensation 1.6 0.8
Loss on sale of property and equipment 0.6 0.3
Changes in operating assets and liabilities, net:    
Cash, securities and other assets segregated under federal and other regulations 24.2 148.3
Securities purchased under agreements to resell (153.0) (160.9)
Increase (Decrease) in Securities Borrowed (9.0) 0.0
Deposits and receivables from exchange-clearing organizations (14.2) (151.4)
Receivables from customers, net (54.0) (11.4)
Notes receivable, net 0.0 (1.3)
Income taxes receivable (0.4) (1.3)
Financial instruments owned, at fair value (292.0) (129.6)
Physical commodities inventory (121.0) (88.6)
Other assets (2.5) (7.8)
Accounts payable and other accrued liabilities (20.4) (7.6)
Payables to customers 26.7 (35.3)
Payables to broker-dealers, clearing organizations and counterparties 69.6 (148.1)
Income taxes payable 0.9 4.0
Payables under repurchase agreements 257.4 399.1
Increase (Decrease) in Securities Loaned Transactions (2.3) 0.0
Financial instruments sold, not yet purchased, at fair value 86.1 65.9
Net cash (used in) provided by operating activities (186.0) (116.6)
Cash flows from investing activities:    
Cash paid for acquisitions, net 0.0 6.0
Purchase of property and equipment 3.2 3.0
Net cash used in investing activities (3.2) (9.0)
Cash flows from financing activities:    
Net change in payable to lenders under loans 192.9 130.0
Repayments of Unsecured Debt 0.0 (45.5)
Payments of note payable 0.2 0.2
Deferred payments on acquisitions 2.3 0.0
Debt issuance costs 0.1 0.1
Exercise of stock options 1.5 2.0
Withholding taxes on stock option exercises (0.8) 0.0
Excess income tax benefit on stock options and awards 0.0 0.6
Net cash provided by financing activities 191.0 86.8
Effect of exchange rates on cash and cash equivalents 5.1 1.4
Net (decrease) increase in cash and cash equivalents 6.9 (37.4)
Cash and cash equivalents at beginning of period 314.9 316.2
Cash and cash equivalents at end of period 321.8 278.8
Supplemental disclosure of cash flow information:    
Cash paid for interest 11.3 7.6
Income taxes paid, net of cash refunds 5.3 2.4
Supplemental disclosure of non-cash investing and financing activities:    
Identified intangible assets and goodwill on acquisitions 0.0 $ 6.0
Additional consideration payable related to acquisitions, net $ 0.1