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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 1,220.8 $ 1,108.3
Cash, securities and other assets segregated under federal and other regulations (including $48.4 million and $5.8 million at fair value at June 30, 2024 and September 30, 2023, respectively) 2,750.4 2,426.3
Collateralized transactions:    
Securities purchased under agreements to resell 4,904.8 2,979.5
Securities borrowed 1,155.7 1,129.1
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $3,740.4 million and $4,248.3 million at fair value at June 30, 2024 and September 30, 2023, respectively) 7,570.2 7,443.8
Receivable from clients, net (including $(0.5) million and $(7.9) million at fair value at June 30, 2024 and September 30, 2023, respectively) 871.4 683.1
Notes receivable, net 0.0 5.2
Income taxes receivable 28.9 25.1
Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $1,751.0 million and $1,466.4 million at June 30, 2024 and September 30, 2023, respectively) 6,155.4 5,044.8
Physical commodities inventory, net (including $344.5 million and $386.5 million at fair value at June 30, 2024 and September 30, 2023, respectively) 587.4 537.3
Deferred tax asset 42.3 45.4
Property and equipment, net 142.2 123.5
Operating right of use assets 157.4 122.1
Goodwill and intangible assets, net 77.1 82.4
Other assets 266.8 182.8
Total assets 25,930.8 21,938.7
Liabilities:    
Accounts payable and other accrued liabilities (including $1.7 million and $1.5 million at fair value at June 30, 2024 and September 30, 2023, respectively) 544.9 533.0
Operating lease liabilities 193.7 149.3
Payables to:    
Clients (including $387.3 million and $79.8 million at fair value at June 30, 2024 and September 30, 2023, respectively) 10,586.2 9,976.0
Broker-dealers, clearing organizations and counterparties (including $3.6 million and $10.2 million at fair value at June 30, 2024 and September 30, 2023, respectively) 429.2 442.4
Lenders under loans 227.8 341.0
Senior secured borrowings, net 542.8 342.1
Income taxes payable 24.5 38.2
Deferred tax liability 8.2 8.1
Collateralized transactions:    
Securities sold under agreements to repurchase 7,071.9 4,526.6
Securities loaned 1,124.0 1,117.3
Financial instruments sold, not yet purchased, at fair value 3,569.8 3,085.6
Total liabilities 24,323.0 20,559.6
Commitments and contingencies (Note 11)
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; 35,653,070 issued and 31,742,085 outstanding at June 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 June 30, 2024 and September 30, 2023 (69.3) (69.3)
Additional paid-in-capital 402.0 371.7
Retained earnings 1,312.2 1,128.1
Accumulated other comprehensive loss, net (37.5) (51.8)
Total equity 1,607.8 1,379.1
Total liabilities and stockholders' equity $ 25,930.8 $ 21,938.7