INTL FCStone 2014 Annual Report Download - page 121

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INTL FCSTONE INC. Form 10K 105
PART II
ITEM 8 Financial Statements and Supplementary Data
Information concerning operations in these segments of business is shown in accordance with the Segment Reporting Topic of the
ASC as follows:
(in millions)
Year Ended September 30,
2014 2013 2012
Total revenues:
Commercial Hedging $ 224.0 $ 202.0 $ 230.7
Global Payments 55.4 40.9 39.0
Securities 80.3 70.0 47.6
Physical Commodities 33,552.1 42,052.0 66,264.4
Clearing and Execution Services 113.7 121.3 111.9
Corporate unallocated (3.1) 7.2 (0.2)
Total $ 34,022.4 $ 42,493.4 $ 66,693.4
Operating revenues (loss):
Commercial Hedging $ 224.0 $ 202.0 $ 230.7
Global Payments 55.4 40.9 39.0
Securities 80.3 70.0 47.6
Physical Commodities 20.6 26.8 19.1
Clearing and Execution Services 113.7 121.3 111.9
Corporate unallocated (3.1) 7.2 (0.2)
Total $ 490.9 $ 468.2 $ 448.1
Net operating revenues (loss):
Commercial Hedging $ 180.5 $ 163.0 $ 194.7
Global Payments 48.2 36.7 35.1
Securities 54.6 48.0 34.5
Physical Commodities 17.9 23.4 16.4
Clearing and Execution Services 29.7 34.1 28.2
Corporate unallocated (8.9) 4.5 (2.7)
Total $ 322.0 $ 309.7 $ 306.2
Net contribution:
(Revenues less cost of sales, transaction-based clearing expenses,
variable bonus compensation, introducing broker commissions
and interest expense):
Commercial Hedging $ 132.6 $ 119.7 $ 138.9
Global Payments 37.6 28.0 27.3
Securities 40.9 37.6 25.8
Physical Commodities 14.1 17.5 11.6
Clearing and Execution Services 24.0 25.9 22.9
Total $ 249.2 $ 228.7 $ 226.5
Segment income:
(Net contribution less non-variable direct segment costs):
Commercial Hedging $ 67.3 $ 57.1 $ 75.2
Global Payments 28.3 20.5 21.6
Securities 21.0 19.5 7.7
Physical Commodities 5.9 10.0 5.2
Clearing and Execution Services 6.3 5.9 3.5
Total $ 128.8 $ 113.0 $ 113.2
Reconciliation of segment income to income from continuing
operations, before tax:
Segment income $ 128.8 $ 113.0 $ 113.2
Costs not allocated to operating segments 102.8 91.8 90.7
Income from continuing operations, before tax $ 26.0 $ 21.2 $ 22.5