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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 1,269.0 $ 1,108.3
Cash, securities and other assets segregated under federal and other regulations (including $51.8 million and $5.8 million at fair value at September 30, 2024 and 2023, respectively) 2,841.2 2,426.3
Collateralized transactions:    
Securities purchased under agreements to resell 5,201.5 2,979.5
Securities borrowed 1,662.3 1,129.1
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $3,287.5 million and $4,248.3 million at fair value at September 30, 2024 and 2023, respectively) 7,283.2 7,443.8
Receivable from clients, net (including $(8.4) million and $(7.9) million at fair value at September 30, 2024 and 2023, respectively) 1,013.1 683.1
Notes receivable, net 0.0 5.2
Income taxes receivable 19.3 25.1
Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $2,172.0 million and $1,466.4 million at September 30, 2024 and 2023, respectively) 6,767.1 5,044.8
Physical commodities inventory, net (including $376.6 million and $386.5 million at fair value at September 30, 2024 and 2023, respectively) 681.1 537.3
Deferred tax assets 46.3 45.4
Property and equipment, net 143.1 123.5
Operating right of use assets 157.0 122.1
Goodwill and intangible assets, net 80.6 82.4
Other assets 301.5 182.8
Total assets 27,466.3 21,938.7
Liabilities:    
Accounts payable and other accrued liabilities (including $2.3 million and $1.5 million at fair value at September 30, 2024 and 2023, respectively) 522.1 533.0
Operating lease liabilities 195.9 149.3
Payables to:    
Clients (including $265.9 million and $79.8 million at fair value at September 30, 2024 and 2023, respectively) 10,345.9 9,976.0
Broker-dealers, clearing organizations and counterparties (including $(1.4) million and $10.2 million at fair value at September 30, 2024 and 2023, respectively) 734.2 442.4
Lenders under loans 338.8 341.0
Senior secured borrowings, net 543.1 342.1
Income taxes payable 18.1 38.2
Deferred tax liabilities 8.6 8.1
Collateralized transactions:    
Securities sold under agreements to repurchase 8,581.3 4,526.6
Securities loaned 1,615.9 1,117.3
Financial instruments sold, not yet purchased, at fair value 2,853.3 3,085.6
Total liabilities 25,757.2 20,559.6
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; no shares issued or outstanding 0.0 0.0
Common stock, $0.01 par value. Authorized 200,000,000 shares; 35,785,432 issued and 31,874,447 outstanding at September 30, 2024 and 35,105,852 issued and 31,194,867 outstanding at September 30, 2023 0.4 0.4
Common stock in treasury, at cost. 3,910,985 shares at September 30, 2024 and September 30, 2023 (69.3) (69.3)
Additional paid-in-capital 414.3 371.7
Retained earnings 1,388.9 1,128.1
Accumulated other comprehensive loss, net (25.2) (51.8)
Total equity 1,709.1 1,379.1
Total liabilities and stockholders' equity $ 27,466.3 $ 21,938.7