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Consolidated Cash Flows Statements - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:      
Net income $ 85,100,000 $ 55,500,000 $ 6,400,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
(Recovery) bad debt on physical coal (2,400,000) 1,000,000 47,000,000
Depreciation and amortization 14,000,000 11,600,000 9,800,000
Provision for bad debts 2,500,000 3,100,000 4,300,000
Deferred income taxes 3,700,000 22,300,000 (9,800,000)
Amortization and extinguishment of debt issuance costs 1,500,000 1,000,000 1,900,000
Actuarial gain on pension and postretirement benefits (300,000) (300,000) (300,000)
Amortization of share-based compensation expense 8,100,000 6,600,000 6,300,000
Gain on sale of property and equipment 0 0 (300,000)
Gain on acquisition (5,500,000) 0 0
Changes in operating assets and liabilities, net:      
Cash, securities and other assets segregated under federal and other regulations 337,200,000 (626,700,000) 570,800,000
Change in securities purchased under agreements to resell (553,700,000) (464,900,000) 203,000,000
Securities borrowed (1,197,700,000) (138,800,000) (79,700,000)
Deposits with and receivables from broker-dealers, clearing organizations, and counterparties (241,700,000) (292,900,000) 186,300,000
Receivable from customers, net (134,300,000) (24,300,000) (116,400,000)
Notes receivable, net 900,000 6,800,000 8,300,000
Income taxes receivable (4,200,000) (1,300,000) 500,000
Financial instruments owned, at fair value (113,300,000) (308,700,000) (125,600,000)
Physical commodities inventory 3,000,000 (98,700,000) (1,700,000)
Other assets (8,300,000) (3,300,000) (16,000,000)
Accounts payable and other accrued liabilities 6,700,000 18,600,000 (19,600,000)
Payable to clients (46,800,000) 520,000,000 290,900,000
Payable to broker-dealers, clearing organizations and counterparties 176,400,000 (27,800,000) (124,100,000)
Income taxes payable 1,800,000 3,200,000 200,000
Securities sold under agreements to repurchase 837,000,000 543,700,000 226,000,000
Securities loaned 1,182,000,000 166,800,000 93,600,000
Financial instruments sold, not yet purchased, at fair value (156,100,000) 153,900,000 (124,400,000)
Net cash provided by (used in) provided by operating activities 195,600,000 (473,600,000) 1,037,400,000
Cash flows from investing activities:      
Cash paid for acquisitions, net (28,900,000) (3,700,000) (6,000,000)
Purchase of exchange memberships and common stock 0 0 (200,000)
Sale of exchange memberships and common stock 0 800,000 0
Purchase of property and equipment (11,900,000) (12,500,000) (16,100,000)
Net cash used in investing activities (40,800,000) (15,400,000) (22,300,000)
Cash flows from financing activities:      
Net change in lenders under loans with maturities 90 days or less (162,600,000) 125,800,000 48,200,000
Proceeds from lenders under loans with maturities greater than 90 days 357,200,000 0 0
Repayments of lenders under loans with maturities greater than 90 days (346,700,000) 0 0
Proceeds from issuance of senior secured term loan 175,000,000 0 0
Repayments of senior secured term loan (6,600,000) 0 0
Repayment of senior notes 0 0 (45,500,000)
Payments of notes payable (800,000) (800,000) (800,000)
Deferred payments on acquisitions 0 (5,500,000) 0
Share repurchase (3,800,000) 0 0
Debt issuance costs (3,300,000) (400,000) (300,000)
Exercise of stock options 1,200,000 2,600,000 3,400,000
Withholding taxes on stock option exercises 0 (800,000) 0
Income tax benefit on stock options and awards 0 0 700,000
Net cash provided by financing activities 9,600,000 120,900,000 5,700,000
Effect of exchange rates on cash, segregated cash, cash equivalents, and segregated cash equivalents (700,000) (4,100,000) 1,400,000
Net increase (decrease) in cash, segregated cash, cash equivalents, and segregated cash equivalents 163,700,000 (372,200,000) 1,022,200,000
Cash, segregated cash, cash equivalents, and segregated cash equivalents at end of period 2,287,600,000 2,659,800,000 1,637,600,000
Cash, segregated cash, cash equivalents, and segregated cash equivalents at end of period 2,451,300,000 2,287,600,000 2,659,800,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 153,200,000 78,900,000 38,000,000
Income taxes paid, net of cash refunds 24,600,000 22,200,000 17,100,000
Supplemental disclosure of non-cash investing and financing activities:      
Identified intangible assets and goodwill on acquisitions 10,800,000 3,900,000 0
Additional consideration payable related to acquisitions 1,800,000 0 (200,000)
Acquisition of business:      
Assets acquired 47,100,000 1,700,000 0
Liabilities acquired (8,900,000) (1,900,000) 0
Total net assets acquired 38,200,000 (200,000) 0
Escrow releases and deposits related to acquisitions $ (4,200,000) $ 0 $ (5,000,000)