INTL FCStone 2014 Annual Report Download - page 125

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INTL FCSTONE INC. Form 10K 109
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 September 30,
2014 2013 2012
Cash flows from operating activities:
Net loss $ (26.2) $ (24.6) $ (14.5)
Adjustments to reconcile net loss to net cash (used in) provided
by operating activities:
Depreciation and amortization 1.8 1.5 1.2
Provision for impairments 0.1 — 2.2
Deferred income taxes (9.6) (6.1) (0.1)
Amortization of debt issuance costs and debt discount 0.8 0.5 0.5
Amortization of share-based compensation expense 4.3 9.3 5.9
Changes in operating assets and liabilities:
Due to/from subsidiaries 84.6 (2.8) 21.7
Notes receivable, net (12.8) (17.1) (10.2)
Income taxes receivable 4.6 (3.2) 7.1
Financial instruments owned, at fair value — 1.5 1.7
Other assets (1.1) 1.7 (0.3)
Accounts payable and other accrued liabilities (1.1) 1.4 (2.2)
Payable to customers 7.1 18.0 0.7
Financial instruments sold, not yet purchased, at fair value (0.6) (24.7) (33.4)
Net cash (used in) provided by operating activities 51.9 (44.6) (19.7)
Cash flows from investing activities:
Capital contribution in affiliates (0.5) (11.5) (12.5)
Purchase of property and equipment (1.8) (0.8) (2.7)
Net cash used in investing activities (2.3) (12.3) (15.2)
Cash flows from financing activities:
Payable to lenders under loans (40.0) 7.0 48.0
Proceeds from issuance of senior unsecured notes — 45.5 —
Payments related to earn-outs on acquisitions (1.1) — —
Share repurchase (9.7) (4.0) (4.0)
Debt issuance costs (0.2) (3.2) (0.1)
Exercise of stock options 1.4 1.5 1.9
Income tax benefit on stock options and awards (0.1) 0.1 0.2
Net cash provided by (used in) financing activities (49.7) 46.9 46.0
Net (decrease) increase in cash and cash equivalents (0.1) (10.0) 11.1
Cash and cash equivalents at beginning of period 3.1 13.1 2.0
Cash and cash equivalents at end of period $ 3.0 $ 3.1 $ 13.1
Supplemental disclosure of cash flow information:
Cash paid for interest $ 6.9 $ 3.0 $ 2.1
Income taxes (received) paid, net of cash refunds $ (5.3) $ (1.6) $ 0.1
Supplemental disclosure of non-cash investing and financing activities:
Additional consideration payable related to acquisitions $ (3.0) $ 5.6 $ —