XML 71 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment and Geographic Information (Tables)
 12 Months Ended
Sep. 30, 2018
Segment Analysis [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Information concerning operations in these segments of business is shown in accordance with the Segment Reporting Topic of the ASC as follows:
 
Year Ended September 30,
(in millions)
2018
 
2017
 
2016
Total revenues:
 
 
 
 
 
Commercial Hedging
$
286.7

 
$
244.6

 
$
236.1

Global Payments
99.2

 
89.2

 
73.2

Securities
196.2

 
151.7

 
175.2

Physical Commodities
26,703.8

 
28,684.4

 
14,120.5

Clearing and Execution Services
332.4

 
259.8

 
151.1

Corporate unallocated
4.4

 
(6.1
)
 
(1.2
)
Total
$
27,622.7

 
$
29,423.6

 
$
14,754.9

Operating revenues (loss):
 
 
 
 
 
Commercial Hedging
$
286.7

 
$
244.6

 
$
236.1

Global Payments
99.2

 
89.2

 
73.2

Securities
196.2

 
151.7

 
175.2

Physical Commodities
56.9

 
44.8

 
36.6

Clearing and Execution Services
332.4

 
259.8

 
151.1

Corporate unallocated
4.4

 
(6.1
)
 
(1.2
)
Total
$
975.8

 
$
784.0

 
$
671.0

Net operating revenues (loss):
 
 
 
 
 
Commercial Hedging
$
226.4

 
$
194.3

 
$
188.2

Global Payments
93.5

 
80.6

 
65.3

Securities
94.6

 
94.6

 
121.9

Physical Commodities
44.8

 
37.3

 
31.5

Clearing and Execution Services
122.6

 
102.2

 
48.8

Corporate unallocated
(0.3
)
 
(16.4
)
 
(11.8
)
Total
$
581.6

 
$
492.6

 
$
443.9

Net contribution:
 
 
 
 
 
(Revenues less cost of sales, transaction-based clearing expenses, variable bonus compensation, introducing broker commissions and interest expense):
 
 
 
 
 
Commercial Hedging
$
164.7

 
$
141.8

 
$
134.4

Global Payments
75.0

 
64.4

 
52.2

Securities
69.1

 
75.6

 
97.5

Physical Commodities
31.8

 
27.2

 
23.4

Clearing and Execution Services
91.8

 
78.0

 
39.5

Total
$
432.4

 
$
387.0

 
$
347.0

Segment income (loss):
 
 
 
 
 
(Net contribution less non-variable direct segment costs):
 
 
 
 
 
Commercial Hedging
$
96.4

 
$
72.8

 
$
68.7

Global Payments
59.8

 
50.6

 
39.8

Securities
40.8

 
46.6

 
69.4

Physical Commodities (1)
16.6

 
(31.4
)
 
13.3

Clearing and Execution Services
48.3

 
30.4

 
14.8

Total
$
261.9

 
$
169.0

 
$
206.0

Reconciliation of segment income to income before tax:
 
 
 
 
 
Segment income
$
261.9

 
$
169.0

 
$
206.0

Costs not allocated to operating segments (2)
162.4

 
153.8

 
139.5

Other gains
2.0

 
—

 
6.2

Income before tax
$
101.5

 
$
15.2

 
$
72.7


(1) During the first quarter of fiscal 2018 and the fourth quarter of fiscal 2017, the Company recorded charges to earnings of $1.0 million and $47.0 million, respectively, to record an allowance for doubtful accounts related to a bad debt incurred in the physical coal business conducted solely in INTL Asia Pte. Ltd., with a coal supplier, as further discussed in Note 17.
(2) The costs not allocated to operating segments include certain shared services such as information technology, accounting and treasury, credit and risk, legal and compliance, and human resources and other activities.
(in millions)
As of September 30, 2018
 
As of September 30, 2017
 
As of September 30, 2016
Total assets:
 
 
 
 
 
Commercial Hedging
$
1,935.7

 
$
1,650.3

 
$
1,637.5

Global Payments
206.6

 
199.5

 
191.4

Securities
3,058.2

 
2,101.7

 
2,130.7

Physical Commodities
413.7

 
339.5

 
258.0

Clearing and Execution Services
2,109.9

 
1,818.9

 
1,617.4

Corporate unallocated
100.6

 
133.5

 
115.3

Total
$
7,824.7

 
$
6,243.4

 
$
5,950.3
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
Information regarding revenues and operating revenues for the years ended September 30, 2018, 2017, and 2016, and information regarding long-lived assets (defined as property, equipment, leasehold improvements and software) as of September 30, 2018, 2017, and 2016 in geographic areas were as follows:
 
Year Ended September 30,
(in millions)
2018
 
2017
 
2016
Total revenues:
 
 
 
 
 
United States
$
1,587.6

 
$
1,168.0

 
$
817.1

Europe
189.6

 
166.9

 
463.5

South America
59.5

 
53.9

 
64.8

Asia
25,781.4

 
28,030.3

 
13,405.1

Other
4.6

 
4.5

 
4.4

Total
$
27,622.7

 
$
29,423.6

 
$
14,754.9

Operating revenues:
 
 
 
 
 
United States
$
695.3

 
$
529.4

 
$
457.0

Europe
189.0

 
166.9

 
120.2

South America
58.0

 
54.0

 
64.8

Asia
28.9

 
29.2

 
24.6

Other
4.6

 
4.5

 
4.4

Total
$
975.8

 
$
784.0

 
$
671.0

 
 
 
 
 
 
(in millions)
As of September 30, 2018
 
As of September 30, 2017
 
As of September 30, 2016
Long-lived assets, as defined:
 
 
 
 
 
United States
$
33.0

 
$
29.7

 
$
23.3

Europe
6.8

 
7.3

 
4.8

South America
1.4

 
1.5

 
1.2

Asia
1.2

 
0.2

 
0.1

Total
$
42.4

 
$
38.7

 
$
29.4