INTL FCStone 2011 Annual Report Download - page 67

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INTL FCSTONE INC.Form10K 53
PARTII
ITEM 8 Consolidated Financial Statements and Supplementary Data
Consolidated Income Statements
(in millions, except share and per share amounts)
Year Ended September30,
2011 2010 2009
Revenues:
Sales of physical commodities $ 75,123.4 $ 46,709.2 $ 43,554.0
Trading gains 205.7 86.5 39.1
Commission and clearing fees 134.5 119.9 6.5
Consulting and management fees 22.7 17.2 1.9
Interest income 10.3 7.0 1.8
Other income 1.0 0.5 0.4
Total revenues 75,497.6 46,940.3 43,603.7
Cost of sales of physical commodities 75,074.4 46,671.3 43,513.1
Operating revenues 423.2 269.0 90.6
Interest expense 11.3 9.9 8.0
Net revenues 411.9 259.1 82.6
Non-interest expenses:
Compensation and bene ts 176.6 104.2 40.2
Clearing and related expenses 77.4 68.2 16.0
Introducing broker commissions 24.0 18.9 —
Communication and data services 15.5 11.1 2.1
Occupancy and equipment rental 8.9 6.2 1.1
Professional fees 10.6 8.1 2.2
Depreciation and amortization 4.7 1.6 0.8
Bad debts and impairments 6.2 5.8 3.0
Other 28.5 17.1 3.9
Total non-interest expenses 352.4 241.2 69.3
Income from continuing operations, before tax 59.5 17.9 13.3
Income tax expense 22.5 6.4 2.6
Net income from continuing operations 37.0 11.5 10.7
Income (loss) from discontinued operations, net of tax 0.2 0.6 (1.1)
Income before extraordinary (loss) income 37.2 12.1 9.6
Extraordinary (loss) income — (7.0) 18.5
Net income 37.2 5.1 28.1
Add: Net loss (income) attributable to noncontrolling interests 0.1 0.3 (0.5)
Net income attributable to INTLFCStoneInc. common stockholders $ 37.3 $ 5.4 $ 27.6
Basic earnings per share:
Income from continuing operations attributable to INTLFCStoneInc. common stockholders $ 2.06 $ 0.68 $ 1.16
Income (loss) from discontinued operations attributable to INTLFCStoneInc.
commonstockholders 0.01 0.03 (0.13)
Extraordinary (loss) income attributable to INTLFCStoneInc. common stockholders — (0.40) 2.08
Net income attributable to INTLFCStoneInc. common stockholders $ 2.07 $ 0.31 $ 3.11
Diluted earnings per share:
Income from continuing operations attributable to INTLFCStoneInc. common stockholders $ 1.95 $ 0.66 $ 1.10
Income (loss) from discontinued operations attributable to INTLFCStoneInc.
commonstockholders 0.01 0.03 (0.12)
Extraordinary (loss) income attributable to INTLFCStoneInc. common stockholders — (0.39) 1.82
Net income attributable to INTLFCStoneInc. common stockholders $ 1.96 $ 0.30 $ 2.80
Weighted-average number of commonshares outstanding:
Basic 17,618,085 17,306,019 8,895,697
Diluted 18,567,454 17,883,233 10,182,586
Amounts attributable to INTLFCStoneInc. common stockholders:
Income from continuing operations, net of tax $ 37.1 $ 11.8 $ 10.2
Income (loss) from discontinued operations, net of tax 0.2 0.6 (1.1)
Extraordinary (loss) income — (7.0) 18.5
Net income $ 37.3 $ 5.4 $ 27.6
See accompanying notes to consolidated financial statements.