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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Sep. 30, 2019
ASSETS    
Cash and cash equivalents $ 952.6 $ 471.3
Cash, securities and other assets segregated under federal and other regulations (including $2.6 million and $306.0 million at fair value at September 30, 2020 and September 30, 2019, respectively) 1,920.2 1,049.9
Collateralized transactions:    
Securities purchased under agreements to resell 1,696.2 1,424.5
Securities borrowed 1,440.0 1,423.2
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $1,775.8 million and $626.9 million at fair value at September 30, 2020 and September 30, 2019, respectively) 3,629.9 2,540.5
Receivable from clients, net 411.4 422.3
Notes receivable, net 1.7 2.9
Income taxes receivable 16.6 5.2
Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $468.6 million and $478.8 million at September 30, 2020 and September 30, 2019, respectively) 2,727.7 2,175.2
Physical commodities inventory, net (including $215.7 million and $151.9 million at fair value at September 30, 2020 and September 30, 2019, respectively) 281.1 229.3
Deferred income taxes, net 36.9 18.0
Property and equipment, net 62.1 43.9
Operating right of use assets 101.5  
Goodwill and intangible assets, net 109.5 67.9
Other assets 87.5 62.0
Total assets 13,474.9 9,936.1
Liabilities:    
Accounts payable and other accrued liabilities (including $1.5 million and $1.8 million at fair value at September 30, 2020 and September 30, 2019, respectively) 272.6 157.5
Operating lease liabilities 118.7  
Payables to:    
Clients 5,689.0 3,589.5
Broker-dealers, clearing organizations and counterparties (including $14.7 million and $5.6 million at fair value at September 30, 2020 and September 30, 2019, respectively) 537.5 266.2
Payable to lenders under loans 268.1 202.3
Senior secured borrowings, net 515.5 167.6
Income taxes payable 22.6 10.4
Collateralized transactions:    
Securities sold under agreements to repurchase 3,155.5 2,773.7
Securities loaned 1,441.9 1,459.9
Financial instruments sold, not yet purchased, at fair value 686.0 714.8
Total liabilities 12,707.4 9,341.9
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; no shares issued or outstanding 0.0 0.0
Common stock, $0.01 par value. Authorized 30,000,000 shares; 21,798,551 issued and 19,376,594 outstanding at September 30, 2020 and 21,297,317 issued and 19,075,360 outstanding at September 30, 2019 0.2 0.2
Common stock in treasury, at cost - 2,421,957 shares at September 30, 2020 and 2,221,957 shares at September 30, 2019 (57.6) (50.1)
Additional paid-in-capital 292.6 276.8
Retained earnings 572.4 402.1
Accumulated other comprehensive loss, net (40.1) (34.8)
Total equity 767.5 594.2
Total liabilities and stockholders' equity $ 13,474.9 $ 9,936.1