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Condensed Financial Information of Parent Company Only Disclosure | 12 Months Ended
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Sep. 30, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure | Schedule I StoneX Group Inc. Condensed Balance Sheets Parent Company Only
(in millions) | September 30, 2022 |  | September 30, 2021
ASSETS |  |  |
Cash and cash equivalents | $ | 6.1 |  |  | $ | 34.7 |
Receivable from clients, net | 0.2 |  |  | 0.4 |
Deposits with and receivables from subsidiary broker-dealer, net | 89.1 |  |  | — |
Notes receivable, net | 5.0 |  |  | 6.1 |
Income taxes receivable | 55.5 |  |  | 63.7 |
Investment in subsidiaries(1) | 1,286.8 |  |  | 1,100.4 |
Financial instruments owned, at fair value | 5.1 |  | — |
Deferred income taxes, net | 14.7 |  | 2.4 |
Property and equipment, net | 62.1 |  | 55.4 |
Operating right of use assets | 69.0 |  |  | 66.3 |
Other assets | 30.8 |  |  | 23.7 |
Total assets | $ | 1,624.4 |  |  | $ | 1,353.1 |
LIABILITIES AND EQUITY |  |  |
Liabilities: |  |  |
Accounts payable and other accrued liabilities | $ | 90.7 |  |  | $ | 80.6 |
Operating lease liabilities | 93.3 |  |  | 86.2 |
Payable to subsidiaries, net | 293.3 |  |  | 185.0 |
Payable to lenders under loans | 268.1 |  |  | 8.6 |
Senior secured borrowings, net | 339.1 |  |  | 506.5 |
Financial instruments sold, not yet purchased, at fair value | 73.6 |  |  | 0.9 |
Total liabilities | 1,158.1 |  |  | 867.8 |
Equity: |  |  |
StoneX Group 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; 22,911,227 issued and 20,303,904 outstanding at September 30, 2022 and 22,431,233 issued and 19,823,910 outstanding at September 30, 2021 | 0.2 |  |  | 0.2 |
Common stock in treasury, at cost - 2,607,323 shares at September 30, 2022 and 2021 | (69.3) |  |  | (69.3) |
Additional paid-in capital | 340.2 |  |  | 315.7 |
Retained earnings(1) | 248.8 |  |  | 238.7 |
Accumulated other comprehensive loss, net | (53.6) |  |  | — |
Total StoneX Group Inc. (Parent Company Only) stockholders’ equity | 466.3 |  |  | 485.3 |
Total liabilities and equity | $ | 1,624.4 |  |  | $ | 1,353.1 |
(1) Within the Condensed Balance Sheets and Condensed Statements of Operations of StoneX Group 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 is not included in the Condensed Balance Sheet or Condensed Statements of Operations. If the accounting for its investment in wholly owned subsidiaries was presented under the equity method of accounting, investment in subsidiaries and retained earnings would each increase by $640.8 million as of September 30, 2022, and $443.8 million, as of September 30, 2021, respectively. Schedule I StoneX Group Inc. Condensed Statements of Operations Parent Company Only
| Year Ended September 30,
(in millions) | 2022 |  | 2021 |  | 2020
Revenues: |  |  |  |  |
Management fees from affiliates | $ | 109.9 |  |  | $ | 52.5 |  |  | $ | 45.1 |
Trading (losses) gains, net | (2.8) |  |  | (0.1) |  |  | 0.6 |
Consulting fees | 0.1 |  |  | 0.3 |  |  | 0.3 |
Interest income | 2.2 |  |  | 1.5 |  |  | 2.4 |
Dividend income from subsidiaries(1) | 124.4 |  |  | 372.7 |  |  | 111.8 |
Total revenues | 233.8 |  |  | 426.9 |  |  | 160.2 |
Interest expense | 60.9 |  |  | 49.6 |  |  | 30.0 |
Net revenues | 172.9 |  |  | 377.3 |  |  | 130.2 |
Non-interest expenses: |  |  |  |  |
Compensation and benefits | 113.7 |  |  | 99.9 |  |  | 88.0 |
Trade systems and market information | 6.5 |  |  | 6.0 |  |  | 3.9 |
Occupancy and equipment rental | 8.4 |  |  | 8.7 |  |  | 3.8 |
Selling and marketing | 4.9 |  |  | 1.0 |  |  | 3.8 |
Professional fees | 11.9 |  |  | 6.9 |  |  | 12.9 |
Travel and business development | 2.3 |  |  | 0.8 |  |  | 1.7 |
Non-trading technology and support | 30.6 |  |  | 24.9 |  |  | 19.8 |
Depreciation and amortization | 11.0 |  |  | 8.7 |  |  | 6.7 |
Communications | 1.8 |  |  | 1.7 |  |  | 0.7 |
Impairment | — |  |  | 0.1 |  |  | 2.5 |
Management services fees to affiliates | 4.3 |  |  | 3.6 |  |  | 2.3 |
Other | 12.4 |  |  | 8.7 |  |  | 7.3 |
Total non-interest expenses | 207.8 |  |  | 171.0 |  |  | 153.4 |
Gain on acquisitions | — |  |  | 3.4 |  |  | 81.9 |
Income (loss) before tax | (34.9) |  |  | 209.7 |  |  | 58.7 |
Income tax benefit | 45.0 |  |  | 33.8 |  |  | 29.5 |
Net income | $ | 10.1 |  |  | $ | 243.5 |  |  | $ | 88.2 |
(1) W ithin the Condensed Balance Sheets and Condensed Statements of Operations of StoneX Group 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 is not included in the Condensed Balance Sheet or Condensed Statements of Operations. If the accounting for its investment in wholly owned subsidiaries was presented under the equity method of accounting, total revenues would also include subsidiary earnings/(losses) of $197.0 million, $(127.2) million, and $81.4 million for the years ended September 30, 2022, 2021, and 2020, respectively. Schedule I StoneX Group Inc. Condensed Statements of Cash Flows Parent Company Only
| Year Ended September 30,
(in millions) | 2022 |  | 2021 |  | 2020
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 10.1 |  |  | $ | 243.5 |  |  | $ | 88.2 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Depreciation and amortization | 11.0 |  |  | 8.7 |  |  | 6.7 |
Amortization of operating right of use assets | 6.1 |  |  | 6.1 |  |  | 4.4 |
Deferred income taxes | 4.7 |  |  | 1.8 |  |  | — |
Amortization and extinguishment of debt issuance costs | 3.2 |  |  | 3.3 |  |  | 6.1 |
Loss on extinguishment of debt | — |  |  | 0.1 |  |  | — |
Amortization of share-based compensation expense | 16.5 |  |  | 12.9 |  |  | 9.2 |
Dividends | (9.6) |  |  | (125.0) |  |  | — |
Impairment | — |  |  | — |  |  | 2.5 |
Gain on acquisition | — |  |  | (3.3) |  |  | (81.9) |
Changes in operating assets and liabilities: |  |  |  |  |
Payable to subsidiaries, net | 113.6 |  |  | 118.3 |  |  | 149.3 |
Receivable from clients, net | 0.2 |  |  | — |  |  | 0.1 |
Deposits with and receivables from subsidiary broker-dealer, net | (89.1) |  |  | — |  |  | — |
Notes receivable, net | 1.1 |  |  | (4.4) |  |  | 1.1 |
Income taxes receivable | 8.2 |  |  | (17.4) |  |  | (48.4) |
Financial instruments owned, at fair value | (5.1) |  |  | — |  |  | — |
Other assets | (7.3) |  |  | (4.2) |  |  | (7.7) |
Accounts payable and other accrued liabilities | 12.0 |  |  | 12.7 |  |  | 24.0 |
Operating lease liabilities | (1.7) |  |  | (2.6) |  |  | (2.8) |
Payable to clients | — |  |  | (0.3) |  |  | — |
Financial instruments sold, not yet purchased, at fair value | 2.1 |  |  | (0.2) |  |  | (83.4) |
Net cash provided by operating activities | 76.0 |  |  | 250.0 |  |  | 67.4 |
Cash flows from investing activities: |  |  |  |  |
Capital contribution to affiliates | (180.8) |  |  | (170.2) |  |  | (251.9) |
Purchase of property and equipment and internally developed software | (17.8) |  |  | (22.0) |  |  | (10.2) |
Net cash used in investing activities | (198.6) |  |  | (192.2) |  |  | (262.1) |
Cash flows from financing activities: |  |  |  |  |
Net change in lenders under loans | 259.5 |  |  | (23.4) |  |  | (47.0) |
Payments of notes payable | — |  |  | — |  |  | (0.4) |
Proceeds from issuance of senior secured term loan | — |  |  | — |  |  | 21.5 |
Repayments of senior secured term loan | (170.3) |  |  | (9.8) |  |  | (9.8) |
Proceeds from issuance of senior secured notes | — |  |  | — |  |  | 344.8 |
Repayments of senior secured notes | — |  |  | (1.6) |  |  | (92.1) |
Issuance of note payable | — |  |  | 9.0 |  |  | — |
Deferred payments on acquisitions | (1.9) |  |  | (2.2) |  |  | (0.9) |
Share repurchase | — |  |  | (11.7) |  |  | (7.5) |
Debt issuance costs | — |  |  | — |  |  | (14.0) |
Exercise of stock options | 6.7 |  |  | 9.2 |  |  | 5.5 |
Net cash provided by/(used in) financing activities | 94.0 |  |  | (30.5) |  |  | 200.1 |
Net (decrease)/increase in cash and cash equivalents | (28.6) |  |  | 27.3 |  |  | 5.4 |
Cash and cash equivalents at beginning of period | 34.7 |  |  | 7.4 |  |  | 2.0 |
Cash and cash equivalents at end of period | $ | 6.1 |  |  | $ | 34.7 |  |  | $ | 7.4 |
Supplemental disclosure of cash flow information: |  |  |  |  |
Cash paid for interest | $ | 34.9 |  |  | $ | 28.5 |  |  | $ | 15.3 |
Income taxes paid/(received), net of cash refunds | $ | 2.6 |  |  | $ | 9.8 |  |  | $ | (4.3) |
Supplemental disclosure of non-cash investing and financing activities: |  |  |  |  |
Additional consideration payable related to acquisitions | $ | — |  |  | $ | — |  |  | $ | 21.6 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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