INTL FCStone 2014 Annual Report Download - page 73

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INTL FCSTONE INC.Form 10K 57
PART II
ITEM 8 Financial Statements and Supplementary Data
Consolidated Income Statements
(in millions, except share and per share amounts)
Year Ended September 30,
2014 2013 2012
Revenues:
Sales of physical commodities $ 33,546.4 $ 42,031.2 $ 66,249.4
Trading gains, net 244.5 244.0 246.8
Commission and clearing fees 180.7 173.3 161.0
Consulting and management fees 42.1 35.1 27.9
Interest income 8.0 8.9 8.0
Other income 0.7 0.9 0.3
Total revenues 34,022.4 42,493.4 66,693.4
Cost of sales of physical commodities 33,531.5 42,025.2 66,245.3
Operating revenues 490.9 468.2 448.1
Transaction-based clearing expenses 108.5 110.1 105.3
Introducing broker commissions 49.9 40.5 31.0
Interest expense 10.5 7.9 5.6
Net operating revenues 322.0 309.7 306.2
Compensation and other expenses:
Compensation and benefits 201.9 198.7 197.2
Communication and data services 25.8 23.1 22.4
Occupancy and equipment rental 12.3 12.0 11.0
Professional fees 14.9 12.4 12.6
Travel and business development 9.9 10.4 10.4
Depreciation and amortization 7.3 8.0 7.2
Bad debts and impairments 5.5 0.8 1.5
Other 18.4 23.1 21.4
Total compensation and other expenses 296.0 288.5 283.7
Income from continuing operations, before tax 26.0 21.2 22.5
Income tax expense 6.4 2.6 5.5
Net income from continuing operations 19.6 18.6 17.0
(Loss) income from discontinued operations, net of tax (0.3) 0.7 (4.3)
Net income 19.3 19.3 12.7
Add: Net loss attributable to noncontrolling interests — — 0.1
Net income attributable to INTL FCStone Inc. common stockholders $ 19.3 $ 19.3 $ 12.8
Basic earnings per share:
Income from continuing operations attributable to INTL FCStone Inc.
common stockholders $ 1.03 $ 0.97 $ 0.90
(Loss) income from discontinued operations attributable to INTL FCStone
Inc. common stockholders (0.02) 0.04 (0.23)
Net income attributable to INTL FCStone Inc. common stockholders $ 1.01 $ 1.01 $ 0.67
Diluted earnings per share:
Income from continuing operations attributable to INTL FCStone Inc.
common stockholders $ 1.00 $ 0.93 $ 0.86
(Loss) income from discontinued operations attributable to INTL
FCStone Inc. common stockholders (0.02) 0.04 (0.22)
Net income attributable to INTL FCStone Inc. common stockholders $ 0.98 $ 0.97 $ 0.64
Weighted-average number of common shares outstanding:
Basic 18,528,302 18,443,233 18,282,939
Diluted 19,132,302 19,068,497 19,156,899
Amounts attributable to INTL FCStone Inc. common stockholders:
Income from continuing operations, net of tax $ 19.6 $ 18.6 $ 17.1
(Loss) income from discontinued operations, net of tax (0.3) 0.7 (4.3)
Net income $ 19.3 $ 19.3 $ 12.8
See accompanying notes to consolidated financial statements.