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INTLFCSTONEINC.Form10K 61
PART II
ITEM 8Financial Statements and Supplementary Data
Consolidated Cash Flows Statements
(in millions)
Year Ended September 30,
2013 2012 2011
(As Restated) (As Restated)
Cash ows from operating activities:
Net income $ 19.3 $ 12.7 $ 34.7
Adjustments to reconcile net income to net cash provided by (used in)
operating activities:
Depreciation and amortization 8.0 7.2 4.7
Provision for bad debts and impairments 0.8 1.7 6.2
Deferred income taxes (7.8) (0.3) 1.8
Amortization of debt issuance costs and debt discount 1.2 1.7 1.6
Convertible debt interest settled in company stock upon conversion — — 0.2
Amortization of share-based compensation expense 9.3 5.9 2.3
Loss on sale of property and equipment 0.4 — —
Gain on disposal of aliate (0.4) — —
Gain on sale of exchange memberships and common stock (9.1) — —
Gain on acquisition of INTL Provident — — (0.4)
Changes in operating assets and liabilities, net:
Cash, securities and other assets segregated under federal and other regulations (95.1) (199.9) (104.1)
Deposits and receivables from exchange-clearing organizations 42.3 (97.7) (586.0)
Deposits and receivables from broker-dealers, clearing organizations, and
counterparties (53.4) 46.2 51.2
Receivable from customers, net (23.7) 46.4 (39.1)
Notes receivable, net 66.6 (77.9) 2.9
Income taxes receivable (0.2) (3.1) 0.6
Financial instruments owned, at fair value 3.1 58.3 280.7
Physical commodities inventory 72.7 29.0 (35.6)
Other assets 4.3 (1.6) (12.1)
Accounts payable and other accrued liabilities (0.2) 10.6 30.8
Payable to customers 24.0 248.0 366.2
Payable to broker-dealers, clearing organizations and counterparties (22.3) 35.9 (0.5)
Income taxes payable 0.5 0.3 —
Financial instruments sold, not yet purchased, at fair value 4.6 (215.5) 202.9
Net cash provided by (used in) operating activities 44.9 (92.1) 209.0
Cash ows from investing activities:
Deconsolidation of aliates — 0.4 —
Disposal of aliate 0.2 — —
Cash paid for acquisitions, net — (11.7) (9.3)
Purchase of exchange memberships and common stock (0.3) — (3.4)
Sale of exchange memberships and common stock 10.1 — 1.3
Purchase of property and equipment (4.9) (8.7) (10.1)
Net cash provided by (used in) investing activities 5.1 (20.0) (21.5)