INTL FCStone 2012 Annual Report Download - page 125
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PART II
SCHEDULE I INTL FCStone Inc. Condensed Statements of Operations
SCHEDULE I INTL FCStone Inc. Condensed
Statements of Operations
Parent Company Only
(in millions)
Year Ended September30,
2012 2011 2010
Revenues:
Trading gains, net $ 7.1 $ 3.1 $ 2.5
Commission and clearing fees — — 0.9
Interest income 2.1 4.3 1.7
Other income (2) 0.3 0.4 13.9
Total revenues 9.5 7.8 19.0
Interest expense 5.6 9.7 6.3
Net revenues 3.9 (1.9) 12.7
Non-interest expenses:
Compensation and bene ts 12.4 8.6 10.2
Clearing and related expenses 0.3 0.1 0.1
Introducing broker commissions — 0.2 0.2
Communication and data services 0.6 0.5 0.5
Occupancy and equipment rental 1.0 1.2 0.8
Professional fees 3.1 3.8 1.3
Depreciation and amortization 1.2 0.6 —
Bad debts and impairments 2.2 — (1.1)
Other 6.8 (0.5) 3.1
Total non-interest expenses 27.6 14.5 15.1
Loss from continuing operations, before tax (23.7) (16.4) (2.4)
Income tax bene t 9.2 6.4 5.7
NET LOSS INCOME $ 14.5 $ 10.0 $ 3.3
(2) 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, revenues would include income from investment in subsidiaries of $29.5 million, $47.3 million and $2.1 million, for the
years ended September30, 2012, 2011 and 2010, respectively.