INTL FCStone 2012 Annual Report Download - page 124
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PART II
SCHEDULE I INTL FCStone Inc. Condensed Balance Sheets
SCHEDULE I INTL FCStone Inc. Condensed
Balance Sheets
Parent Company Only
(in millions)
September30, 2012 September30, 2011
ASSETS
Cash and cash equivalents $ 13.1 $ 2.0
Receivables from subsidiaries 20.1 43.9
Notes receivable, net 10.2 —
Income taxes receivable 14.3 21.4
Financial instruments owned, at fair value 1.5 3.2
Investment in subsidiaries (1) 220.1 207.9
Deferred income taxes 0.9 0.8
Property and equipment, net 4.3 2.6
Goodwill and intangible assets, net — 0.3
Other assets 3.4 3.5
TOTAL ASSETS $ 287.9 $ 285.6
LIABILITIES AND EQUITY
Liabilities:
Accounts payable and other accrued liabilities $ 4.2 $ 6.4
Payables to customers 0.7 —
Payables to lenders under loans 48.0 —
Financial instruments sold, not yet purchased, at fair value 25.3 58.7
TOTAL LIABILITIES 78.2 65.1
EQUITY:
INTL FCStone Inc. (Parent Company Only) stockholders’ equity:
Preferred stock, $.01 par value. Authorized 1,000,000 shares; no shares issued
or outstanding — —
Common stock, $.01 par value. Authorized 30,000,000 shares; 19,214,219 issued
and 18,984,951 outstanding at September30, 2012 and 18,653,964 issued and 18,642,407
outstanding at September30, 2011 0.2 0.2
Common stock in treasury, at cost - 229,064 shares at September30, 2012 and 11,557
shares at September30, 2011 (4.1) (0.1)
Additional paid-in capital 213.2 205.0
Retained earnings (1) 0.4 15.4
Total INTL FCStone Inc. (Parent Company Only) stockholders’ equity 209.7 220.5
TOTAL LIABILITIES AND EQUITY $ 287.9 $ 285.6
(1) Within the Condensed Balance Sheets and Condensed Statements of Operations of INTL FCStone Inc. - Parent Company Only, the Company has accounted for its
investment in wholly owned subsidiaries using the cost method of accounting. Under this method, the Company’s share of the earnings or losses of such subsidiaries
are not included in the Condensed Balance Sheet or Condensed Statements of Operations. If the accounting for its investment in wholly owned subsidiaries were
presented under the equity method of accounting, investment in subsidiaries and retained earnings would each increase by $111.6 million as of September30, 2012,
respectively, and $81.8 million as of September30, 2011, respectively.