INTL FCStone 2014 Annual Report Download - page 123

Download and view the complete annual report

Please find page 123 of the 2014 INTL FCStone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

INTL FCSTONE INC. Form 10K 107
PART II
SCHEDULE I INTL FCStone Inc. Condensed Balance Sheets
SCHEDULE I INTL FCStone Inc. Condensed
Balance Sheets
Parent Company Only
(in millions)
September 30, 2014 September 30, 2013
ASSETS
Cash and cash equivalents $ 3.0 $ 3.1
Receivable from subsidiaries, net — 22.9
Notes receivable, net 40.0 27.3
Income taxes receivable 12.9 17.5
Investment in subsidiaries(1) 237.7 237.3
Deferred income taxes, net 16.6 7.1
Property and equipment, net 3.6 3.6
Other assets 4.9 4.3
Total assets $ 318.7 $ 323.1
LIABILITIES AND EQUITY
Liabilities:
Accounts payable and other accrued liabilities $ 8.8 $ 11.1
Payable to customers 25.8 18.7
Payable to lenders under loans 15.0 55.0
Payable to subsidiaries, net 61.7 —
Senior unsecured notes 45.5 45.5
Financial instruments sold, not yet purchased, at fair value — 0.6
Total liabilities 156.8 130.9
EQUITY:
INTL FCStone Inc. (Parent Company Only) stockholders’ equity:
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; no shares issued
or outstanding — —
Common stock, $0.01 par value. Authorized 30,000,000 shares; 19,826,635 issued and
18,883,662 outstanding at September 30, 2014 and 19,638,330 issued and 19,209,157
outstanding at September 30, 2013 0.2 0.2
Common stock in treasury, at cost - 942,973 shares at September 30, 2014 and 429,173
shares at September 30, 2013 (17.5) (7.8)
Additional paid-in capital 229.6 224.0
Retained earnings(1) (50.4) (24.2)
Total INTL FCStone Inc. (Parent Company Only) stockholders’ equity 161.9 192.2
Total liabilities and equity $ 318.7 $ 323.1
(1) 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, investment in subsidiaries and retained earnings would each increase by $195.1 million as of September 30, 2014,
respectively, and $149.6 million, as of September 30, 2013, respectively.