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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Sales of physical commodities $ 7,944.5 $ 7,599.3 $ 38,939.4 $ 20,824.6
Principal gains, net 161.0 102.3 442.0 305.4
Commission and clearing fees 96.1 97.5 299.9 282.1
Consulting, management, and account fees 19.4 20.7 63.3 58.9
Interest income 22.4 53.2 110.1 146.4
Total revenues 8,243.4 7,873.0 39,854.7 21,617.4
Cost of sales of physical commodities 7,920.8 7,589.6 38,888.5 20,798.2
Operating revenues 322.6 283.4 966.2 819.2
Transaction-based clearing expenses 55.3 45.7 165.4 138.5
Introducing broker commissions 24.0 29.6 79.8 87.0
Interest expense 15.4 42.5 79.2 113.9
Net operating revenues 227.9 165.6 641.8 479.8
Compensation and other expenses:        
Compensation and benefits 132.5 100.9 373.2 287.9
Trading systems and market information 11.8 9.8 33.4 28.5
Occupancy and equipment rental 5.4 5.0 15.3 14.4
Professional fees 6.1 5.8 16.8 16.1
Travel and business development 0.7 4.0 8.4 11.8
Non-trading technology and support 6.9 5.8 18.8 15.0
Depreciation and amortization 4.4 3.5 12.5 9.6
Communications 1.7 1.6 4.8 4.9
Bad debts 1.8 0.5 6.2 1.5
Recovery of bad debt on physical coal 0.0 0.0 0.0 (2.4)
Other 7.6 7.1 25.7 21.0
Total compensation and other expenses 178.9 144.0 515.1 408.3
Other gain 0.0 0.0 0.1 5.4
Income before tax 49.0 21.6 126.8 76.9
Income tax expense 12.4 5.3 34.6 19.0
Net income $ 36.6 $ 16.3 $ 92.2 $ 57.9
Earnings per share:        
Basic $ 1.90 $ 0.85 $ 4.78 $ 3.04
Diluted $ 1.87 $ 0.84 $ 4.71 $ 2.99
Weighted-average number of common shares outstanding:        
Basic 18,807,104 18,781,401 18,809,823 18,731,203
Diluted 19,103,166 19,011,526 19,122,681 19,003,720