INTL FCStone 2011 Annual Report Download - page 121

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INTL FCSTONE INC.Form10K 107
PART II
SCHEDULE I INTL FCStone Inc. Condensed Statements of Cash Flows
SCHEDULE I INTL FCStone Inc. Condensed
Statements of Cash Flows
Parent Company Only
(in millions)
Year Ended September30,
2011 2010 2009
Cash fl ows from operating activities:
Net (loss) income $ (10.0) $ 3.3 $ 17.3
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization 0.6 — —
Deferred income taxes 1.1 (1.6) 0.3
Amortization of debt issuance costs and debt discount 0.2 0.2 0.2
Convertible debt interest settled in common stock upon conversion 0.2 — —
Amortization of stock-based compensation expense 2.3 1.9 1.9
Extraordinary gain on acquisition of FCStone — — (18.5)
Gain on acquisition of INTL Provident (0.4) — —
Impairment of INTL Sieramet,LLC — (1.1) 1.1
Changes in operating assets and liabilities:
Receivable from customers — — 3.8
Receivables from subsidiaries 35.7 (6.5) 12.5
Subordinated loan due from affi liate — — 1.0
Income taxes receivable (13.6) (0.5) (7.4)
Financial instruments owned, at fair value (0.4) (2.8) 0.3
Other assets (0.8) (0.3) (2.5)
Accounts payable and other accrued liabilities 1.7 (1.3) 2.0
Income taxes payable — — (1.0)
Financial instruments sold, not yet purchased, at fair value (0.5) 37.1 (18.3)
Net cash provided by operating activities 16.1 28.4 (7.3)
Cash fl ows from investing activities:
Cash paid for acquisitions, net — (5.0) (1.4)
Capital contribution in affi liates (1.0) (0.7) —
Purchase of property and equipment (1.7) — —
Net cash used in investing activities (2.7) (5.7) (1.4)
Cash fl ows from fi nancing activities:
Payable to lenders under loans and overdrafts (11.9) (23.0) 3.8
Share repurchase — — (0.1)
Debt issuance costs (1.2) — —
Exercise of stock options 1.3 0.7 0.4
Income tax benefi t on stock options and awards — — 0.3
Net cash provided by (used in) fi nancing activities (11.8) (22.3) 4.4
Net increase in cash and cash equivalents 1.6 0.4 (4.3)
Cash and cash equivalents at beginning of period 0.4 — 4.3
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 2.0 $ 0.4 $
Supplemental disclosure of cash fl ow information:
Cash paid for interest $ 3.0 $ 3.8 $ 3.9
Income taxes paid (received), net of cash refunds $ 10.8 $ (1.7) $ 6.4
Supplemental disclosure of non-cash investing and fi nancing activities:
Conversion of subordinated notes to common stock, net $ 16.7 $ — $ 0.1
Issuance of common stock related to acquisitions $ — $ — $ 135.5