INTL FCStone 2013 Annual Report Download - page 80
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INTLFCSTONEINC.Form10K 59
PART II
ITEM 8Financial Statements and Supplementary Data
Consolidated Income Statements
(in millions, except share and per share amounts)
Year Ended September 30,
2013 2012 2011
(As Restated) (As Restated)
Revenues:
Sales of physical commodities $ 43,283.7 $ 67,514.7 $ 72,521.2
Trading gains, net 265.0 244.9 201.6
Commission and clearing fees 173.3 161.0 134.5
Consulting and management fees 35.1 27.9 22.7
Interest income 10.3 10.3 10.3
Other income 0.9 0.5 1.0
Total revenues 43,768.3 67,959.3 72,891.3
Cost of sales of physical commodities 43,289.9 67,505.1 72,472.2
Operating revenues 478.4 454.2 419.1
Transaction-based clearing expenses 110.1 105.4 75.6
Introducing broker commissions 40.5 31.0 24.0
Interest expense 12.5 11.6 11.3
Net operating revenues 315.3 306.2 308.2
Compensation and other expenses:
Compensation and benets 201.6 202.4 176.6
Communication and data services 23.3 22.6 15.5
Occupancy and equipment rental 12.0 11.0 8.9
Professional fees 13.1 12.9 10.6
Travel and business development 10.7 11.2 8.9
Depreciation and amortization 8.0 7.2 4.7
Bad debts and impairments 0.8 1.5 6.2
Other 23.2 21.6 21.4
Total compensation and other expenses 292.7 290.4 252.8
Income from continuing operations, before tax 22.6 15.8 55.4
Income tax expense 3.3 3.1 20.9
Net income from continuing operations 19.3 12.7 34.5
Income from discontinued operations, net of tax — — 0.2
Net income 19.3 12.7 34.7
Add: Net loss attributable to noncontrolling interests — 0.1 0.1
NET INCOME ATTRIBUTABLE TO INTL FCSTONE INC.
COMMON STOCKHOLDERS $ 19.3 $ 12.8 $ 34.8
Basic earnings per share:
Income from continuing operations attributable to INTL FCStone Inc.
common stockholders $ 1.01 $ 0.67 $ 1.92
Income from discontinued operations attributable to INTL FCStone Inc.
common stockholders — — 0.01
NET INCOME ATTRIBUTABLE TO INTL FCSTONE INC.
COMMON STOCKHOLDERS $ 1.01 $ 0.67 $ 1.93
Diluted earnings per share:
Income from continuing operations attributable to INTL FCStone Inc.
common stockholders $ 0.97 $ 0.64 $ 1.82
Income from discontinued operations attributable to INTL FCStone Inc.
common stockholders — — 0.01
NET INCOME ATTRIBUTABLE TO INTL FCSTONE INC.
COMMON STOCKHOLDERS $ 0.97 $ 0.64 $ 1.83
Weighted-average number of common shares outstanding:
BASIC 18,443,233 18,282,939 17,618,085
DILUTED 19,068,497 19,156,899 18,567,454
Amounts attributable to INTL FCStone Inc. common stockholders:
Income from continuing operations, net of tax $ 19.3 $ 12.8 $ 34.6
Income from discontinued operations, net of tax — — 0.2
NET INCOME $ 19.3 $ 12.8 $ 34.8
See accompanying notes to consolidated financial statements.