INTL FCStone 2011 Annual Report Download - page 40

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INTL FCSTONE INC.Form10K26
PARTII
ITEM 6 Selected Financial Data
e Company has never declared any cash dividends on its
common stock, and does not currently have any plans to pay
dividends on its common stock. e payment of cash dividends
in the future is subject to the discretion of the Board of Directors
and will depend on the Company’s earnings, fi nancial condition,
capital requirements, contractual restrictions and other relevant
factors. e Company’s credit agreements currently prohibit the
payment of cash dividends by the Company.
On August12,2011, the Company’s Board of Directors authorized
the repurchase of up to onemillionshares of the Company’s
outstanding common stock from time to time in open market
purchases and private transactions as permitted by securities laws.
e Company’s common stock repurchase program activity for
the three months ended September30,2011 was as follows:
Period
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Program
Maximum Number of Shares
Remaining to be Purchased
Under the Program
(in thousands)
July1,2011 to July31,2011 — $ — — —
August1,2011 to August31,2011 — — — 1,000.0
September1,2011 to September30,2011 300 20.03 300 999.7
TOTAL 300 $ 20.03 300
Information relating to compensation plans under which our equity securities are authorized for issuance is set forth in PartIII,
Item12 of our Annual Report on Form10-K.
ITEM 6 Selected Financial Data
e following selected fi nancial and operating data are derived
from our consolidated fi nancial statements and should be read
in conjunction with Management’s Discussion and Analysis of
Financial Condition and Results of Operations, included in
Item7 and our Consolidated Financial Statements included in
Item8. e consolidated income statement data for 2010 and
2011 refl ects the results of FCStone, which was acquired on
September30,2009. e consolidated income statement data
for 2007 through 2009 does not include the historical results of
FCStone. e selected consolidated balance sheet information
as of September30,2011,2010 and 2009 refl ect the fi nancial
condition of INTL after the FCStone transaction. e selected
consolidated balance sheet information as of September30,2008
and 2007 does not include the fi nancial condition of FCStone.
SELECTED SUMMARY FINANCIAL INFORMATION U.S. GAAP
(in millions, except share and per share amounts)
Year Ended September30,
2011 2010 2009 2008 2007
Operating revenues $ 423.2 $ 269.0 $ 90.6 $ 114.9 $ 45.7
Interest expense 11.3 9.9 8.0 11.2 9.3
Non-interest expenses:
Compensation and benefi ts 176.6 104.2 40.2 35.6 28.5
Clearing and related expenses 77.4 68.2 16.0 13.1 11.2
Introducing broker commissions 24.0 18.9 — — —
Other 74.4 49.9 13.1 12.7 6.9
Income (loss) from continuing operations, before tax 59.5 17.9 13.3 42.3 (10.2)
Income tax expense (benefi t) 22.5 6.4 2.6 16.2 (3.4)
Income (loss) from discontinued operations, net of tax 0.2 0.6 (1.1) 1.0 1.7
Income (loss) before extraordinary (loss) income 37.2 12.1 9.6 27.1 (5.1)
Extraordinary (loss) income — (7.0) 18.5 — —
Net income (loss) 37.2 5.1 28.1 27.1 (5.1)
Add: Net loss (income) attributable to noncontrolling interests 0.1 0.3 (0.5) 0.7 0.6
NET INCOME (LOSS) ATTRIBUTABLE TO
INTLFCSTONEINC. COMMON STOCKHOLDERS $ 37.3 $ 5.4 $ 27.6 $ 27.8 $ (4.5)