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Condensed Consolidated Income Statements - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Revenues:        
Sales of physical commodities $ 6,929,500,000 $ 6,255,800,000 $ 13,225,300,000 $ 13,970,200,000
Principal gains, net 110,300,000 98,500,000 203,100,000 175,600,000
Commission and clearing fees 85,100,000 106,400,000 184,600,000 192,900,000
Consulting,management, and account fees 19,100,000.0 18,400,000.0 38,200,000.0 35,000,000.0
Interest income 48,200,000 27,900,000 93,200,000 51,900,000
Total revenues 7,192,200,000 6,507,000,000 13,744,400,000 14,425,600,000
Cost of sales of physical commodities 6,921,100,000 6,246,800,000 13,208,600,000 13,952,800,000
Operating revenues 271,100,000 260,200,000 535,800,000 472,800,000
Transaction-based clearing expenses 42,700,000 50,700,000 92,800,000 87,600,000
Introducing broker commissions 24,800,000 36,200,000 57,400,000 67,300,000
Interest expense 38,400,000 19,000,000 71,400,000 33,300,000
Net operating revenues 165,200,000 154,300,000 314,200,000 284,600,000
Compensation and other expenses:        
Compensation and benefits 97,900,000 88,200,000 187,000,000 165,400,000
Trading systems and market information 9,500,000 8,900,000 18,700,000 17,100,000
Occupancy and equipment rental 5,000,000 4,200,000 9,400,000 8,300,000
Professional fees 5,000,000 3,900,000 10,300,000 8,600,000
Travel and business development 4,000,000 3,000,000 7,800,000 6,500,000
Non-trading technology and support 5,000,000 3,400,000 9,200,000 6,500,000
Depreciation and amortization 3,200,000 2,900,000 6,100,000 5,600,000
Communications 2,000,000 1,400,000 3,300,000 2,800,000
Provision for Doubtful Accounts 700,000 200,000 1,000,000 300,000
(Recovery) bad debt on physical coal 0 0 (2,400,000.0) 1,000,000.0
Other 7,400,000 8,700,000 13,900,000 14,400,000
Total compensation and other expenses 139,700,000 124,800,000 264,300,000 236,500,000
Other gain 5,400,000 0 5,400,000 0
Income before tax 30,900,000 29,500,000 55,300,000 48,100,000
Income tax expense 7,500,000 6,800,000 13,700,000 32,300,000
Net income $ 23,400,000 $ 22,700,000 $ 41,600,000 $ 15,800,000
Earnings per share:        
Basic $ 1.23 $ 1.20 $ 2.19 $ 0.83
Diluted $ 1.21 $ 1.18 $ 2.15 $ 0.81
Weighted-average number of common shares outstanding:        
Basic 18,753,490 18,559,849 18,706,104 18,502,795
Diluted 19,004,793 18,859,333 18,999,889 18,836,213