XML 72 R52.htm IDEA: XBRL DOCUMENT v3.20.4
Segment and Geographic Information (Tables)
 12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Information for the reportable segments is shown in accordance with the Segment Reporting Topic of the ASC as follows
 Year Ended September 30,
(in millions)202020192018
Total revenues:
Commercial$52,970.1 $32,125.4 $27,018.7 
Institutional624.1 515.0 427.1 
Retail432.7 148.1 73.3 
Global Payments117.4 112.8 99.2 
Corporate Unallocated14.6 20.8 23.9 
Eliminations(19.3)(25.1)(19.5)
Total$54,139.6 $32,897.0 $27,622.7 
Operating revenues:
Commercial$431.5 $404.4 $371.8 
Institutional624.1 515.0 427.1 
Retail140.0 78.2 73.3 
Global Payments117.4 112.8 99.2 
Corporate Unallocated14.6 20.8 23.9 
Eliminations(19.3)(25.1)(19.5)
Total$1,308.3 $1,106.1 $975.8 
Net operating revenues (loss):
Commercial$353.4 $321.2 $299.4 
Institutional363.8 220.1 176.3 
Retail63.8 15.7 12.7 
Global Payments111.5 107.0 93.5 
Corporate Unallocated(24.5)(10.8)(0.3)
Total$868.0 $653.2 $581.6 
Net contribution:
(Revenues less cost of sales of physical commodities, transaction-based clearing expenses, variable compensation, introducing broker commissions and interest expense)
Commercial$242.2 $224.6 $210.0 
Institutional248.9 157.0 135.6 
Retail58.8 14.6 11.8 
Global Payments89.6 86.6 75.0 
Total$639.5 $482.8 $432.4 
Segment income (loss):
(Net contribution less non-variable direct segment costs)
Commercial (1)
$141.9 $144.6 $118.3 
Institutional152.9 88.6 78.2 
Retail31.7 6.4 5.6 
Global Payments68.6 66.1 59.8 
Total$395.1 $305.7 $261.9 
Reconciliation of segment income to income before tax:
Segment income$395.1 $305.7 $261.9 
Net costs not allocated to operating segments(270.3)(200.2)(162.4)
Gain on acquisitions and other gains81.9 5.5 2.0 
Income before tax$206.7 $111.0 $101.5 
(1) During fiscal 2019, the Company recorded recoveries on the bad debt on physical coal of $12.4 million. During fiscal 2018, the Company recorded charges to earnings of $1.0 million to record an allowance for doubtful accounts related to a bad debt incurred in the physical coal business with a coal supplier, as further discussed in Note 19.
(in millions)As of September 30, 2020As of September 30, 2019As of September 30, 2018
Total assets:
Commercial $2,753.6 $2,386.4 $2,349.5 
Institutional 8,740.8 7,111.2 5,168.1 
Retail1,245.9 12.4 — 
Global Payments315.9 278.2 206.6 
Corporate unallocated418.7 147.9 100.5 
Total$13,474.9 $9,936.1 $7,824.7 
Schedule of Revenue Long-Lived Assets, by Geographical Areas
Information regarding revenues and operating revenues for the years ended September 30, 2020, 2019, and 2018, and information regarding long-lived assets (defined as property, equipment, leasehold improvements and software) as of September 30, 2020, 2019, and 2018 in geographic areas were as follows:
 Year Ended September 30,
(in millions)202020192018
Total revenues:
United States $2,223.3 $1,947.6 $1,587.6 
Europe 532.6 280.2 189.6 
South America58.9 56.5 59.5 
Middle East and Asia 51,317.1 30,606.9 25,781.4 
Other 7.7 5.8 4.6 
Total$54,139.6 $32,897.0 $27,622.7 
Operating revenues:
United States $928.3 $799.4 $695.3 
Europe 237.9 209.6 189.0 
South America58.9 56.5 58.0 
Middle East and Asia 75.5 34.8 28.9 
Other 7.7 5.8 4.6 
Total$1,308.3 $1,106.1 $975.8 
(in millions)As of September 30, 2020As of September 30, 2019As of September 30, 2018
Long-lived assets, as defined:
United States $55.4 $33.9 $33.0 
Europe 3.1 6.6 6.8 
South America2.1 2.1 1.4 
Middle East and Asia 1.3 1.0 1.2 
Other 0.2 0.3 — 
Total$62.1 $43.9 $42.4