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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Sales of physical commodities $ 6,866.2 $ 5,317.0 $ 20,836.4 $ 16,486.3
Trading gains, net 103.4 79.9 296.9 246.9
Commission and clearing fees 96.6 73.0 271.6 212.5
Consulting,management, and account fees 18.3 16.3 53.2 47.5
Interest income 33.7 19.6 85.6 47.7
Other income 0.1 0.1 0.2 0.2
Total revenues 7,118.3 5,505.9 21,543.9 17,041.1
Cost of sales of physical commodities 6,858.5 5,308.3 20,811.3 16,462.2
Operating revenues 259.8 197.6 732.6 578.9
Transaction-based clearing expenses 49.0 33.9 136.6 101.2
Introducing broker commissions 34.1 29.2 101.4 86.1
Interest expense 22.1 11.2 55.4 30.1
Net operating revenues 154.6 123.3 439.2 361.5
Compensation and other expenses:        
Compensation and benefits 86.9 75.5 252.3 222.7
Trading systems and market information 8.6 8.3 25.7 25.7
Occupancy and equipment rental 4.2 3.9 12.5 11.1
Professional fees 4.8 3.7 13.4 11.9
Travel and business development 3.7 3.0 10.2 9.6
Non-trading technology and support 3.8 3.2 10.3 8.9
Depreciation and amortization 2.8 2.4 8.4 7.2
Communications 1.3 1.5 4.1 3.9
Bad debts 1.6 0.1 2.9 3.9
Other 6.0 6.7 20.4 18.9
Total compensation and other expenses 123.7 108.3 360.2 323.8
Other gain 2.0 0.0 2.0 0.0
Income before tax 32.9 15.0 81.0 37.7
Income tax expense 8.9 2.3 41.2 7.7
Net income $ 24.0 $ 12.7 $ 39.8 $ 30.0
Earnings per share:        
Basic $ 1.27 $ 0.67 $ 2.10 $ 1.59
Diluted $ 1.25 $ 0.66 $ 2.06 $ 1.58
Weighted-average number of common shares outstanding:        
Basic 18,597,165 18,447,053 18,524,846 18,365,939
Diluted 18,976,898 18,702,128 18,876,259 18,659,138