INTL FCStone 2012 Annual Report Download - page 126
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PART II
SCHEDULE I INTL FCStone Inc. Condensed Statements of Cash Flows
SCHEDULE I INTL FCStone Inc. Condensed
Statements of Cash Flows
Parent Company Only
(in millions)
Year Ended September30,
2012 2011 2010
Cash ows from operating activities:
Net (loss) income $ (14.5) $ (10.0) $ 3.3
Adjustments to reconcile net income to net cash used in operating
activities:
Depreciation and amortization 1.2 0.6 —
Provision for impairments 2.2 — —
Deferred income taxes (0.1) 1.1 (1.6)
Amortization of debt issuance costs and debt discount 0.5 0.2 0.2
Convertible debt interest settled in common stock upon conversion — 0.2 —
Amortization of stock-based compensation expense 5.9 2.3 1.9
Gain on acquisition of INTL Provident — (0.4) —
Impairment of INTL Sieramet, LLC — — (1.1)
Changes in operating assets and liabilities:
Receivables from subsidiaries 21.7 35.7 (6.5)
Notes receivable, net (10.2) — —
Income taxes receivable 7.1 (13.6) (0.5)
Financial instruments owned, at fair value 1.7 (0.4) (2.8)
Other assets (0.3) (0.8) (0.3)
Accounts payable and other accrued liabilities (2.2) 1.7 (1.3
Payables to customers 0.7 — —
Financial instruments sold, not yet purchased, at fair value (33.4) (0.5) 37.1
Net cash provided by operating activities (19.7) 16.1 28.4
Cash ows from investing activities:
Cash paid for acquisitions, net — — (5.0)
Capital contribution in a liates (12.5) (1.0) (0.7)
Purchase of property and equipment (2.7) (1.7) —
Net cash used in investing activities (15.2) (2.7) (5.7)
Cash ows from nancing activities:
Payable to lenders under loans and overdrafts 48.0 (11.9) (23.0)
Share repurchase (4.0) — —
Debt issuance costs (0.1) (1.2) —
Exercise of stock options 1.9 1.3 0.7
Income tax bene t on stock options and awards 0.2 — —
Net cash provided by (used in) nancing activities 46.0 (11.8) (22.3)
Net increase in cash and cash equivalents 11.1 1.6 0.4
Cash and cash equivalents at beginning of period 2.0 0.4 —
Cash and cash equivalents at end of period $ 13.1 $ 2.0 $ 0.4
Supplemental disclosure of cash ow information:
Cash paid for interest $ 2.1 $ 3.0 $ 3.8
Income taxes paid (received), net of cash refunds $ 0.1 $ 10.8 $ (1.7)
Supplemental disclosure of non-cash investing and nancing activities:
Conversion of subordinated notes to common stock, net $ — $ 16.7 $ —