INTL FCStone 2014 Annual Report Download - page 3

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Selected Summary Financial Information
(a) Net income and stockholders’ equity for scal 2010 includes a $7.0 million extraordinary loss resulting from purchase price adjustments and the correction of immaterial errors
related to the acquisition of FCStone Group, Inc. on September 30, 2009.
Year Ended September 30,
(in millions, except share and per share amounts)
2014
2013
2012
2011
2010
Operating revenues
$
490.9
$
468.2
$
448.1
$
398.9
$
258.5
Transaction-based clearing expenses
108.5
110.1
105.3
75.4
66.1
Introducing broker commissions
49.9
40.5
31.0
24.0
18.9
Interest expense
10.5
7.9
5.6
6.4
7.5
Net operating revenues
322.0
309.7
306.2
293.1
166.0
Compensation and other expenses:
Compensation and benefits
201.9
198.7
197.2
170.6
100.3
Communication and data services
25.8
23.1
22.4
15.4
11.0
Occupancy and equipment rental
12.3
12.0
11.0
8.9
6.2
Professional fees
14.9
12.4
12.6
10.3
7.9
Travel and business development
9.9
10.4
10.4
8.0
5.7
Depreciation and amortization
7.3
8.0
7.2
4.7
1.6
Bad debts and impairments
5.5
0.8
1.5
5.8
5.3
Other
18.4
23.1
21.4
21.3
12.5
Total compensation and other expenses
296.0
288.5
283.7
245.0
150.5
Income from continuing operations, before tax
26.0
21.2
22.5
48.1
15.5
Income tax expense
6.4
2.6
5.5
18.2
5.5
Net income from continuing operations
19.6
18.6
17.0
29.9
10.0
(Loss) income from discontinued operations, net
of tax (0.3
)
0.7
(4.3
)
4.8
0.9
Income before extraordinary loss
19.3
19.3
12.7
34.7
10.9
Extraordinary loss
—
—
—
—
(7.0
)
Net income
19.3
19.3
12.7
34.7
3.9
Add: Net loss attributable to noncontrolling
interests
—
—
0.1
0.1
0.3
Net income attributable to INTL FCStone Inc. common
stockholders (a)
$
19.3
$
19.3
$
12.8
$
34.8
$
4.2
Earnings per share:
Basic
$
1.01
$
1.01
$
0.67
$
1.93
$
0.24
Diluted
$
0.98
$
0.97
$
0.64
$
1.83
$
0.23
Number of shares:
Basic
18,528,302
18,443,233
18,282,939
17,618,085
17,306,019
Diluted
19,132,302
19,068,497
19,156,899
18,567,454
17,883,233
Selected Balance Sheet Information:
Total assets
$
3,039.7
$
2,848.0
$
2,953.0
$
2,632.0
$
2,019.8
Lenders under loans
$
22.5
$
61.0
$
218.2
$
77.4
$
114.9
Senior unsecured notes
$
45.5
$
45.5
$
—
$
—
$
—
Convertible notes
$
—
$
—
$
—
$
16.7
$
16.7
Stockholders’ equity
(a)
$
345.4
$
335.4
$
313.2
$
292.6
$
240.1
Other Data:
Return on average stockholders’ equity (from
continuing operations) (b) 5.8
%
5.7
%
5.6
%
11.2
%
4.2
%
EBITDA (c)
$
43.8
$
37.1
$
35.3
$
59.2
$
24.6
Employees, end of period
1,141
1,094
1,074
904
729
Compensation and benefits as a percentage of
operating revenues 41.1
%
42.4
%
44.0
%
42.8
%
38.8
%
interests