INTL FCStone 2011 Annual Report Download - page 69

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INTL FCSTONE INC.Form10K 55
PARTII
ITEM 8 Consolidated Financial Statements and Supplementary Data
(in millions)
Year Ended September30,
2011 2010 2009
Net cash (used in) provided by investing activities (21.5) (42.4) 27.8
Cash fl ows from fi nancing activities:
Net change in payable to lenders under loans and overdrafts (37.5) 6.1 (13.8)
Payments related to earn-outs on acquisitions (9.4) — —
Repayment of subordinated debt (0.5) (56.0) —
Share repurchase — — (0.1)
Debt issuance costs (2.4) — —
Exercise of stock options 1.4 0.7 0.4
Income tax benefi t on stock options and awards — — 0.3
Net cash used in fi nancing activities (48.4) (49.2) (13.2)
Eff ect of exchange rates on cash and cash equivalents (0.4) — 0.5
Net increase (decrease) in cash and cash equivalents 138.7 21.4 (2.3)
Cash and cash equivalents at beginning of period 81.9 60.5 62.8
Cash and cash equivalents at end of period $ 220.6 $ 81.9 $ 60.5
Supplemental disclosure of cash fl ow information:
Cash paid for interest $ 9.5 $ 7.4 $ 8.8
Income taxes paid (received), net of cash refunds $ 17.6 $ (33.3) $ 8.3
Supplemental disclosure of non-cash investing and fi nancing activities:
Conversion of subordinated notes to common stock, net $ 16.7 $ — $ 0.1
Estimated beginning fair value of assets and (liabilities) received on consolidation:
Assets acquired $ — $ — $ 1,178.9
Liabilities assumed — — (1,020.5)
Noncontrolling interests — — 1.6
Total net assets acquired $ — $ — $ 160.0
Identifi ed intangible assets and goodwill on acquisitions $ 4.9 $ 39.8 $ 0.7
Additional consideration payable related to acquisitions $ 5.4 $ 26.3 $ —
Issuance of common stock related to acquisitions $ — $ — $ 135.5
See accompanying notes to consolidated financial statements.