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Condensed Consolidated Income Statements - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenues:        
Sales of physical commodities $ 20,016,900,000 $ 6,929,500,000 $ 30,994,900,000 $ 13,225,300,000
Principal gains, net 168,500,000 110,300,000 281,000,000 203,100,000
Commission and clearing fees 116,600,000 85,100,000 203,800,000 184,600,000
Consulting, management, and account fees 22,600,000 19,100,000 43,900,000 38,200,000
Interest income 41,700,000 48,200,000 87,700,000 93,200,000
Total revenues 20,366,300,000 7,192,200,000 31,611,300,000 13,744,400,000
Cost of sales of physical commodities 19,999,500,000 6,921,100,000 30,967,700,000 13,208,600,000
Operating revenues 366,800,000 271,100,000 643,600,000 535,800,000
Transaction-based clearing expenses 63,800,000 42,700,000 110,100,000 92,800,000
Introducing broker commissions 29,600,000 24,800,000 55,800,000 57,400,000
Interest expense 30,000,000 38,400,000 63,800,000 71,400,000
Net operating revenues 243,400,000 165,200,000 413,900,000 314,200,000
Compensation and other expenses:        
Compensation and benefits 136,700,000 97,900,000 240,700,000 187,000,000
Trading systems and market information 11,200,000 9,500,000 21,600,000 18,700,000
Occupancy and equipment rental 4,900,000 5,000,000 9,900,000 9,400,000
Professional fees 4,700,000 5,000,000 10,700,000 10,300,000
Travel and business development 3,200,000 4,000,000 7,700,000 7,800,000
Non-trading technology and support 5,900,000 5,000,000 11,900,000 9,200,000
Depreciation and amortization 4,200,000 3,200,000 8,100,000 6,100,000
Communications 1,500,000 2,000,000 3,100,000 3,300,000
Bad debts 4,400,000 700,000 4,400,000 1,000,000
Recovery of bad debt on physical coal 0 0 0.0 (2,400,000.0)
Other 10,600,000 7,400,000 18,100,000 13,900,000
Total compensation and other expenses 187,300,000 139,700,000 336,200,000 264,300,000
Other gain 0 5,400,000 100,000 5,400,000
Income before tax 56,100,000 30,900,000 77,800,000 55,300,000
Income tax expense 16,800,000 7,500,000 22,200,000 13,700,000
Net income $ 39,300,000 $ 23,400,000 $ 55,600,000 $ 41,600,000
Earnings per share:        
Basic $ 2.03 $ 1.23 $ 2.88 $ 2.19
Diluted $ 2.00 $ 1.21 $ 2.84 $ 2.15
Weighted-average number of common shares outstanding:        
Basic 18,872,937 18,753,490 18,811,268 18,706,104
Diluted 19,189,953 19,004,793 19,132,497 18,999,889