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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 1,157.6 $ 1,108.3
Cash, securities and other assets segregated under federal and other regulations (including $3.5 million and $5.8 million at fair value at December 31, 2023 and September 30, 2023, respectively) 2,774.6 2,426.3
Collateralized transactions:    
Securities purchased under agreements to resell 3,799.8 2,979.5
Securities borrowed 994.5 1,129.1
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $3,769.3 million and $4,248.3 million at fair value at December 31, 2023 and September 30, 2023, respectively) 7,474.1 7,443.8
Receivable from clients, net (including $1.1 million and $(7.9) million at fair value at December 31, 2023 and September 30, 2023, respectively) 825.6 683.1
Notes receivable, net 5.3 5.2
Income taxes receivable 20.8 25.1
Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $1,870.2 million and $1,466.4 million at December 31, 2023 and September 30, 2023, respectively) 5,064.4 5,044.8
Physical commodities inventory, net (including $314.4 million and $386.5 million at fair value at December 31, 2023 and September 30, 2023, respectively) 518.4 537.3
Deferred tax asset 37.4 45.4
Property and equipment, net 127.0 123.5
Operating right of use assets 137.9 122.1
Goodwill and intangible assets, net 80.5 82.4
Other assets 226.9 182.8
Total assets 23,244.8 21,938.7
Liabilities:    
Accounts payable and other accrued liabilities (including $1.6 million and $1.5 million at fair value at December 31, 2023 and September 30, 2023, respectively) 446.3 533.0
Operating lease liabilities 169.3 149.3
Payables to:    
Clients (including $453.0 million and $79.8 million at fair value at December 31, 2023 and September 30, 2023, respectively) 10,048.6 9,976.0
Broker-dealers, clearing organizations and counterparties (including $51.5 million and $10.2 million at fair value at December 31, 2023 and September 30, 2023, respectively) 541.5 442.4
Lenders under loans 418.5 341.0
Senior secured borrowings, net 342.9 342.1
Income taxes payable 41.2 38.2
Deferred tax liability 8.8 8.1
Collateralized transactions:    
Securities sold under agreements to repurchase 6,054.2 4,526.6
Securities loaned 942.7 1,117.3
Financial instruments sold, not yet purchased, at fair value 2,748.0 3,085.6
Total liabilities 21,762.0 20,559.6
Commitments and contingencies (Note 11)
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 200,000,000 shares; 35,405,165 issued and 31,494,180 outstanding at December 31, 2023 and 35,105,852 issued and 31,194,867 outstanding at September 30, 2023 0.4 0.4
Common stock in treasury, at cost. 3,910,985 shares at December 31, 2023 and September 30, 2023 (69.3) (69.3)
Additional paid-in-capital 378.7 371.7
Retained earnings 1,197.2 1,128.1
Accumulated other comprehensive loss, net (24.2) (51.8)
Total equity 1,482.8 1,379.1
Total liabilities and stockholders' equity $ 23,244.8 $ 21,938.7