XML 155 R128.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Financial Information of Parent Company Only Disclosure - Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:      
Net income $ 116.3 $ 169.6 $ 85.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of operating right of use assets 12.2 9.9 0.0
Total deferred taxes 3.2 4.1 3.7
Amortization and extinguishment of debt issuance costs 3.9 6.5 1.5
Loss on extinguishment of debt   0.0  
Amortization of share-based compensation expense 13.9 10.3 8.1
Gain on acquisition (3.3) (81.9) (5.5)
Changes in operating assets and liabilities:      
Receivable from clients, net (68.3) 0.9 (134.3)
Notes receivable, net (4.4) 1.2 0.9
Income taxes receivable (9.6) (11.1) (4.2)
Financial instruments owned, at fair value (1,626.9) (552.5) (113.3)
Other assets (16.7) (3.7) (8.3)
Accounts payable and other accrued liabilities 35.7 42.7 6.7
Operating lease liabilities (8.6) (9.5)  
Payable to clients 2,146.7 2,093.7 (46.8)
Financial instruments sold, not yet purchased, at fair value 1,085.2 (28.8) (156.1)
Net cash provided by operating activities 2,122.7 1,950.6 195.6
Cash flows from investing activities:      
Purchase of property and equipment (62.1) (16.6) (11.9)
Net cash used in investing activities (59.8) (241.6) (40.8)
Cash flows from financing activities:      
Repayments of note payable 0.0 (0.4) (0.8)
Proceeds from issuance of senior secured term loan 0.0 21.5 175.0
Repayments of senior secured term loan (9.8) (9.8) (6.6)
Proceeds from issuance of senior secured notes 0.0 344.8 0.0
Repayment of senior secured notes (1.6) (92.1) 0.0
Issuance of note payable 9.0 0.0 0.0
Share repurchase (11.7) (7.5) (3.8)
Debt issuance costs 0.0 (15.0) (3.3)
Exercise of stock options 9.2 5.5 1.2
Net cash (used in)/provided by financing activities (35.6) 312.3 9.6
Net increase in cash, segregated cash, cash equivalents, and segregated cash equivalents 2,041.1 2,017.1 163.7
Cash, segregated cash, cash equivalents, and segregated cash equivalents at beginning of period 4,468.4 2,451.3 2,287.6
Cash, segregated cash, cash equivalents, and segregated cash equivalents at end of period 6,509.5 4,468.4 2,451.3
Cash paid for interest 87.0 90.4 153.2
Income taxes paid/(received), net of cash refunds 52.0 44.0 24.6
Additional consideration payable related to acquisitions 2.6 0.9  
StoneX Group      
Cash flows from operating activities:      
Net income 243.5 88.2 15.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8.7    
Amortization of operating right of use assets 6.1 4.4 0.0
Total deferred taxes 1.8 0.0 0.6
Amortization and extinguishment of debt issuance costs 3.3 6.1 1.2
Loss on extinguishment of debt 0.1   0.0
Amortization of share-based compensation expense 12.9 9.2 7.1
Dividends (125.0) 0.0 0.0
Impairment 0.0 2.5 0.0
Gain on acquisition (3.3) (81.9) (5.4)
Changes in operating assets and liabilities:      
Due to/from subsidiaries 118.3 149.3 8.3
Receivable from clients, net 0.0 0.1 (0.5)
Notes receivable, net (4.4) 1.1 (1.0)
Income taxes receivable (17.4) (48.4) (0.8)
Financial instruments owned, at fair value 0.0 0.0 4.4
Other assets (4.2) (7.7) (4.4)
Accounts payable and other accrued liabilities 12.7 24.0 4.6
Operating lease liabilities (2.6) (2.8)  
Payable to clients (0.3) 0.0 (1.4)
Financial instruments sold, not yet purchased, at fair value (0.2) (83.4) 25.2
Net cash provided by operating activities 250.0 67.4 58.4
Cash flows from investing activities:      
Capital contribution to affiliates (170.2) (251.9) (75.8)
Purchase of property and equipment (22.0) (10.2) (6.2)
Net cash used in investing activities (192.2) (262.1) (82.0)
Cash flows from financing activities:      
Net change in lenders under loans (23.4) (47.0) (138.2)
Repayments of note payable 0.0 (0.4) (0.8)
Proceeds from issuance of senior secured term loan 0.0 21.5 175.0
Repayments of senior secured term loan (9.8) (9.8) (6.6)
Proceeds from issuance of senior secured notes 0.0 344.8 0.0
Repayment of senior secured notes (1.6) (92.1) 0.0
Issuance of note payable 9.0 0.0 0.0
Deferred payments on acquisitions (2.2) (0.9) 0.0
Share repurchase (11.7) (7.5) (3.8)
Debt issuance costs 0.0 (14.0) (3.0)
Exercise of stock options 9.2 5.5 1.2
Net cash (used in)/provided by financing activities (30.5) 200.1 23.8
Net increase in cash, segregated cash, cash equivalents, and segregated cash equivalents 27.3 5.4 0.2
Cash, segregated cash, cash equivalents, and segregated cash equivalents at beginning of period 7.4 2.0 1.8
Cash, segregated cash, cash equivalents, and segregated cash equivalents at end of period 34.7 7.4 2.0
Cash paid for interest 28.5 15.3 18.9
Income taxes paid/(received), net of cash refunds 9.8 (4.3) (23.9)
Additional consideration payable related to acquisitions $ 0.0 $ 21.6 $ 1.8