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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 74.8 $ 55.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17.0 8.1
Amortization of right of use assets 4.8 3.9
Bad debts 2.4 4.4
Deferred income taxes 4.2 (1.0)
Amortization of debt issuance costs 2.1 0.7
Amortization of share-based compensation 6.5 5.0
Changes in operating assets and liabilities, net:    
Securities and other assets segregated under federal and other regulations (89.6) 297.9
Securities purchased under agreements to resell (601.0) 164.5
Securities borrowed (295.3) 359.4
Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net (189.5) (52.2)
Receivables from clients, net (78.6) (63.2)
Notes receivable, net (5.0) (1.0)
Income taxes receivable 1.3 8.7
Financial instruments owned, at fair value (185.4) (350.5)
Physical commodities inventory, net (169.7) (25.9)
Other assets (22.5) 0.0
Accounts payable and other accrued liabilities 10.0 30.2
Operating lease liabilities (3.2) (4.0)
Payables to clients 855.3 942.0
Payables to broker-dealers, clearing organizations, and counterparties (16.8) 163.0
Income taxes payable (6.0) 0.1
Securities sold under agreements to repurchase 611.7 26.6
Securities loaned 305.3 (391.1)
Financial instruments sold, not yet purchased, at fair value 432.2 (11.2)
Net cash provided by operating activities 665.0 1,170.0
Cash flows from investing activities:    
Cash paid for acquisitions, net (0.4) (7.8)
Purchase of property and equipment (40.0) (4.5)
Net cash used in investing activities (40.4) (12.3)
Cash flows from financing activities:    
Net change in payables to lenders under loans with maturities 90 days or less 42.8 111.6
Proceeds from payables to lenders under loans with maturities greater than 90 days 120.4 311.5
Repayments of payables to lenders under loans with maturities greater than 90 days (125.4) (350.0)
Proceeds from issuance of senior secured term loan 0.0 21.5
Repayments of senior secured term loan (4.9) (4.9)
Issuance of note payable 9.0 0.0
Repayments of note payable 0.0 (0.4)
Deferred payments on acquisitions (0.8) (0.2)
Repurchase of common stock 0.0 (7.5)
Debt issuance costs 0.0 (1.5)
Exercise of stock options 5.3 4.0
Net cash provided by financing activities 46.4 84.1
Effect of exchange rates on cash, segregated cash, cash equivalents, and segregated cash equivalents 12.7 (2.7)
Net increase in cash, segregated cash, cash equivalents, and segregated cash equivalents 683.7 1,239.1
Cash, segregated cash, cash equivalents, and segregated cash equivalents at beginning of period 4,468.4 2,451.3
Cash, segregated cash, cash equivalents, and segregated cash equivalents at end of period 5,152.1 3,690.4
Supplemental disclosure of cash flow information:    
Cash paid for interest 32.9 64.3
Income taxes paid, net of cash refunds 28.2 13.2
Supplemental disclosure of non-cash investing and financing activities:    
Identified intangible assets and goodwill on acquisitions 0.5 7.2
Acquisition of business:    
Assets acquired 0.1 352.6
Liabilities assumed (0.2) (352.0)
Total net (liabilities)/assets assumed (0.1) 0.6
Total cash, segregated cash, cash equivalents, and segregated cash equivalents shown in the condensed consolidated statements of cash flows $ 5,152.1 $ 3,690.4