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Condensed Financial Information of Parent Company Only Disclosure
 12 Months Ended
Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure
Schedule I
StoneX Group Inc.
Condensed Balance Sheets
Parent Company Only
(in millions)September 30, 2020September 30, 2019
ASSETS
Cash and cash equivalents$7.4 $2.0 
Receivable from subsidiaries, net— 17.6 
Receivable from clients0.4 0.5 
Notes receivable, net1.7 2.8 
Income taxes receivable46.2 15.7 
Investment in subsidiaries(1)
834.0 399.4 
Deferred income taxes, net4.38.2 
Property and equipment, net42.126.9 
Operating right of use assets69.0 — 
Other assets20.1 13.0 
Total assets$1,025.2 $486.1 
LIABILITIES AND EQUITY
Liabilities:
Accounts payable and other accrued liabilities$73.4 $29.4 
Operating lease liabilities85.4 — 
Payable to clients0.3 0.3 
Payable to subsidiaries, net96.5 — 
Payable to lenders under loans23.0 70.4 
Senior secured borrowings, net515.1 167.6 
Financial instruments sold, not yet purchased, at fair value1.1 84.5 
Total liabilities794.8 352.2 
Equity:
StoneX Group Inc. (Parent Company Only) stockholders’ equity:
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; no shares issued or outstanding
— — 
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 capital292.6 276.8 
Retained earnings(1)
(4.8)(93.0)
Total StoneX Group Inc. (Parent Company Only) stockholders’ equity230.4 133.9 
Total liabilities and equity$1,025.2 $486.1 

(1) Within the Condensed Balance Sheets and Condensed Statements of Operations of StoneX Group Inc. - Parent Company Only, the Company has accounted for its investment in wholly owned subsidiaries using the cost method of accounting. Under this method, the Company’s share of the earnings or losses of such subsidiaries are not included in the Condensed Balance Sheet or Condensed Statements of Operations. If the accounting for its investment in wholly owned subsidiaries were presented under the equity method of accounting, investment in subsidiaries and retained earnings would each increase by $577.2 million as of September 30, 2020, respectively, and $495.1 million, as of September 30, 2019, respectively.
Schedule I
StoneX Group Inc.
Condensed Statements of Operations
Parent Company Only
 Year Ended September 30,
(in millions)202020192018
Revenues:
Management fees from affiliates$45.1 $43.2 $40.4 
Trading losses, net0.6 — — 
Consulting fees0.3 0.1 — 
Interest income2.4 1.5 2.3 
Dividend income from subsidiaries(2)
111.8 85.7 41.9 
Total revenues160.2 130.5 84.6 
Interest expense30.0 19.7 15.7 
Net revenues130.2 110.8 68.9 
Non-interest expenses:
Compensation and benefits88.0 79.7 73.0 
Clearing and related expenses0.3 0.9 1.1 
Trade systems and market information3.9 6.4 5.8 
Occupancy and equipment rental3.8 3.4 2.6 
Professional fees12.9 7.3 6.7 
Travel and business development1.7 2.9 2.6 
Non-trading technology and support19.8 12.5 9.1 
Depreciation and amortization6.7 5.2 4.8 
Communications0.7 0.8 0.9 
Impairment2.5 — — 
Management services fees to affiliates2.3 0.5 — 
Other10.8 5.8 6.9 
Total non-interest expenses153.4 125.4 113.5 
Gain on acquisitions81.9 5.3 — 
Income (loss) before tax58.7 (9.3)(44.6)
Income tax expense29.5 24.6 7.4 
Net income (loss)$88.2 $15.3 $(37.2)

(2) Within the Condensed Balance Sheets and Condensed Statements of Operations of StoneX Group Inc. - Parent Company Only, the Company has accounted for its investment in wholly owned subsidiaries using the cost method of accounting. Under this method, the Company’s share of the earnings or losses of such subsidiaries are not included in the Condensed Balance Sheet or Condensed Statements of Operations. If the accounting for its investment in wholly owned subsidiaries were presented under the equity method of accounting, revenues would also include income from investment in subsidiaries of $81.4 million, $69.8 million, and $92.7 million for the years ended September 30, 2020, 2019, and 2018, respectively.
Schedule I
StoneX Group Inc.
Condensed Statements of Cash Flows
Parent Company Only
 Year Ended September 30,
(in millions)202020192018
Cash flows from operating activities:
Net income (loss)$88.2 $15.3 $(37.2)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization6.7 5.2 4.8 
Amortization of operating right of use assets4.4 — — 
Deferred income taxes— 0.6 18.0 
Amortization and extinguishment of debt issuance costs6.1 1.2 0.7 
Amortization of share-based compensation expense9.2 7.1 6.1 
Impairment2.5 — — 
Gain on acquisition(81.9)(5.4)— 
Changes in operating assets and liabilities:
Due to/from subsidiaries149.3 8.3 (69.4)
Receivables from clients, net0.1 (0.5)— 
Notes receivable, net1.1 (1.0)2.9 
Income taxes receivable(48.4)(0.8)(6.6)
Financial instruments owned, at fair value— 4.4 (4.4)
Other assets(7.7)(4.4)(0.7)
Accounts payable and other accrued liabilities24.0 4.6 8.6 
Operating lease liabilities (2.8)— — 
Payable to clients— (1.4)(0.3)
Financial instruments sold, not yet purchased, at fair value(83.4)25.2 34.0 
Net cash provided by (used in) operating activities67.4 58.4 (43.5)
Cash flows from investing activities:
Capital contribution in affiliates(251.9)(75.8)(4.5)
Purchase of property and equipment(10.2)(6.2)(5.9)
Net cash used in investing activities(262.1)(82.0)(10.4)
Cash flows from financing activities:
Proceeds from revolving credit facility
Net change in lenders under loans(47.0)(138.2)58.2 
Payments of notes payable(0.4)(0.8)(0.8)
Proceeds from issuance of senior secured term loan 21.5 175.0 — 
Repayments of senior secured term loan(9.8)(6.6)— 
Proceeds from issuance of senior secured notes344.8 — — 
Repayments of senior secured notes(92.1)— — 
Deferred payments on acquisitions(0.9)— (5.5)
Share repurchase(7.5)(3.8)— 
Debt issuance costs(14.0)(3.0)— 
Exercise of stock options5.5 1.2 2.6 
Withholding taxes on stock option exercises— — (0.8)
Net cash provided by financing activities200.1 23.8 53.7 
Net increase (decrease) in cash and cash equivalents5.4 0.2 (0.2)
Cash and cash equivalents at beginning of period2.0 1.8 2.0 
Cash and cash equivalents at end of period$7.4 $2.0 $1.8 
Supplemental disclosure of cash flow information:
Cash paid for interest$15.3 $18.9 $15.0 
Income taxes (received) paid, net of cash refunds$(4.3)$(23.9)$(18.4)
Supplemental disclosure of non-cash investing and financing activities:
Additional consideration payable related to acquisitions$21.6 $1.8 $—