2019 Q1 Form 10-Q Financial Statement

#000091376019000080 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $7.192B $6.507B
YoY Change 10.53% 19.16%
Cost Of Revenue $6.921B $6.247B
YoY Change 10.79% 18.65%
Gross Profit $271.1M $260.2M
YoY Change 4.19% 32.89%
Gross Profit Margin 3.77% 4.0%
Selling, General & Admin $159.0M $156.0M
YoY Change 1.92% 17.29%
% of Gross Profit 58.65% 59.95%
Research & Development $9.500M $8.900M
YoY Change 6.74% 4.71%
% of Gross Profit 3.5% 3.42%
Depreciation & Amortization $3.200M $2.900M
YoY Change 10.34% 20.83%
% of Gross Profit 1.18% 1.11%
Operating Expenses $9.500M $8.900M
YoY Change 6.74% 4.71%
Operating Profit $261.6M $251.3M
YoY Change 4.1% 34.17%
Interest Expense $35.20M $19.00M
YoY Change 85.26% 90.0%
% of Operating Profit 13.46% 7.56%
Other Income/Expense, Net $2.600M $2.500M
YoY Change 4.0% 0.0%
Pretax Income $30.90M $29.50M
YoY Change 4.75% 106.29%
Income Tax $7.500M $6.800M
% Of Pretax Income 24.27% 23.05%
Net Earnings $23.40M $22.70M
YoY Change 3.08% 106.36%
Net Earnings / Revenue 0.33% 0.35%
Basic Earnings Per Share $1.23 $1.20
Diluted Earnings Per Share $1.21 $1.18
COMMON SHARES
Basic Shares Outstanding 18.75M shares 18.56M shares
Diluted Shares Outstanding 19.00M shares 18.86M shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $274.0M $336.0M
YoY Change -18.45% 13.51%
Cash & Equivalents $2.110B $336.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $279.8M $286.3M
Prepaid Expenses
Receivables $305.0M $220.0M
Other Receivables $1.000M $1.000M
Total Short-Term Assets $580.0M $557.0M
YoY Change 4.13% -74.45%
LONG-TERM ASSETS
Property, Plant & Equipment $45.60M $41.00M
YoY Change 11.22% 26.54%
Goodwill $46.60M $45.90M
YoY Change 1.53% -3.37%
Intangibles $12.80M $11.20M
YoY Change 14.29% -18.25%
Long-Term Investments $5.129B $3.014B
YoY Change 70.17% 10.85%
Other Assets $3.249B $3.189B
YoY Change 1.88% 183.72%
Total Long-Term Assets $8.828B $6.647B
YoY Change 32.81% 52.85%
TOTAL ASSETS
Total Short-Term Assets $580.0M $557.0M
Total Long-Term Assets $8.828B $6.647B
Total Assets $9.408B $7.204B
YoY Change 30.6% 10.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.570B $3.311B
YoY Change 7.82% 9.13%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.761B $290.9M
YoY Change 1192.88% 11.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.342B $5.444B
YoY Change 34.86% 18.84%
LONG-TERM LIABILITIES
Long-Term Debt $429.0M $341.0M
YoY Change 25.81% 29.66%
Other Long-Term Liabilities $957.0M $823.0M
YoY Change 16.28% -23.87%
Total Long-Term Liabilities $1.386B $1.164B
YoY Change 19.07% -13.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.342B $5.444B
Total Long-Term Liabilities $1.386B $1.164B
Total Liabilities $8.856B $6.737B
YoY Change 31.45% 10.94%
SHAREHOLDERS EQUITY
Retained Earnings $358.6M $277.3M
YoY Change 29.32% 1.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.30M $46.30M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.122M shares 2.122M shares
Shareholders Equity $552.0M $467.0M
YoY Change
Total Liabilities & Shareholders Equity $9.408B $7.204B
YoY Change 30.6% 10.34%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $23.40M $22.70M
YoY Change 3.08% 106.36%
Depreciation, Depletion And Amortization $3.200M $2.900M
YoY Change 10.34% 20.83%
Cash From Operating Activities $76.10M -$462.4M
YoY Change -116.46% -742.22%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$3.700M
YoY Change -24.32% 19.35%
Acquisitions
YoY Change
Other Investing Activities -$7.100M $0.00
YoY Change
Cash From Investing Activities -$9.900M -$3.700M
YoY Change 167.57% 19.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.600M -84.90M
YoY Change -91.05% 71.52%
NET CHANGE
Cash From Operating Activities 76.10M -462.4M
Cash From Investing Activities -9.900M -3.700M
Cash From Financing Activities -7.600M -84.90M
Net Change In Cash 58.60M -551.0M
YoY Change -110.64% -2940.21%
FREE CASH FLOW
Cash From Operating Activities $76.10M -$462.4M
Capital Expenditures -$2.800M -$3.700M
Free Cash Flow $78.90M -$458.7M
YoY Change -117.2% -710.79%

Facts In Submission

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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
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2500000 USD
us-gaap Escrow Deposits Related To Property Sales
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us-gaap Escrow Deposits Related To Property Sales
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2500000 USD
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CY2019Q1 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
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CY2018Q1 us-gaap Fees And Commissions
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106400000 USD
us-gaap Fees And Commissions
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192900000 USD
us-gaap Fees And Commissions
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192900000 USD
CY2019Q1 us-gaap Fees And Commissions
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CY2019Q1 us-gaap Fees And Commissions
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85100000 USD
us-gaap Fees And Commissions
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184600000 USD
us-gaap Fees And Commissions
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184600000 USD
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14000000 USD
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1300000 USD
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3400000 USD
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2200000 USD
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2200000 USD
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24100000 USD
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24100000 USD
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us-gaap Floor Brokerage Exchange And Clearance Fees
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87600000 USD
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42700000 USD
us-gaap Floor Brokerage Exchange And Clearance Fees
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us-gaap General Insurance Expense
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CY2019Q1 us-gaap General Insurance Expense
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us-gaap General Insurance Expense
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
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us-gaap Gross Profit
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CY2019Q1 us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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29500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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48100000 USD
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30900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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20100000 USD
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1500000 USD
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72000000 USD
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4500000 USD
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2700000 USD
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10000000 USD
us-gaap Increase Decrease In Deposits
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5800000 USD
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104100000 USD
us-gaap Increase Decrease In Financial Instruments Sold Not Yet Purchased
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85800000 USD
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125200000 USD
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534800000 USD
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600000 USD
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162500000 USD
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57300000 USD
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195600000 USD
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169500000 USD
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448000000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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9600000 USD
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198100000 USD
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371600000 USD
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433300000 USD
us-gaap Increase Decrease In Securities Borrowed
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448000000 USD
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us-gaap Indefinitelived Intangible Assets Acquired
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us-gaap Payments For Legal Settlements
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us-gaap Payments For Proceeds From Previous Acquisition
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q2 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
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CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2018Q3 us-gaap Preferred Stock Shares Issued
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CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2019Q1 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
51500000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
62800000 USD
CY2018Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
98500000 USD
CY2018Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
98500000 USD
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
175600000 USD
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
175600000 USD
CY2019Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
110300000 USD
CY2019Q1 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
110300000 USD
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
203100000 USD
us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
203100000 USD
CY2018Q1 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
9200000 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
17900000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
175000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
110700000 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-98000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
800000 USD
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
3900000 USD
us-gaap Professional Fees
ProfessionalFees
8600000 USD
CY2019Q1 us-gaap Professional Fees
ProfessionalFees
5000000 USD
us-gaap Professional Fees
ProfessionalFees
10300000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
22700000 USD
us-gaap Profit Loss
ProfitLoss
15800000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
23400000 USD
us-gaap Profit Loss
ProfitLoss
41600000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
42400000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
45600000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
1000000 USD
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-2400000 USD
CY2018Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
0 USD
us-gaap Provision For Other Losses
ProvisionForOtherLosses
1000000.0 USD
CY2019Q1 us-gaap Provision For Other Losses
ProvisionForOtherLosses
0 USD
us-gaap Provision For Other Losses
ProvisionForOtherLosses
-2400000.0 USD
CY2018Q3 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
2234500000 USD
CY2019Q1 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
2266800000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
400000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
400000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
2200000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
317000000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
358600000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124800000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
227900000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
104200000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
222800000 USD
CY2018Q1 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
18400000 USD
CY2018Q1 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
18400000.0 USD
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
35000000.0 USD
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
35000000 USD
CY2019Q1 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
19100000 USD
CY2019Q1 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
19100000.0 USD
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
38200000 USD
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
38200000.0 USD
CY2018Q1 us-gaap Revenues
Revenues
6507000000 USD
CY2018Q1 us-gaap Revenues
Revenues
6507000000 USD
CY2019Q1 us-gaap Securities Segregated Under Commodity Exchange Act Regulation
SecuritiesSegregatedUnderCommodityExchangeActRegulation
0 USD
us-gaap Revenues
Revenues
14425600000 USD
us-gaap Revenues
Revenues
14425600000 USD
CY2019Q1 us-gaap Revenues
Revenues
7192200000 USD
CY2019Q1 us-gaap Revenues
Revenues
7192200000 USD
us-gaap Revenues
Revenues
13744400000 USD
us-gaap Revenues
Revenues
13744400000 USD
CY2018Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
154300000 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
284600000 USD
CY2019Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
165200000 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
314200000 USD
CY2018Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6255800000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
13970200000 USD
CY2019Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6929500000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
13225300000 USD
CY2018Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
225500000 USD
CY2019Q1 us-gaap Securities Borrowed
SecuritiesBorrowed
1289800000 USD
CY2018Q3 us-gaap Securities Loaned
SecuritiesLoaned
277900000 USD
CY2019Q1 us-gaap Securities Loaned
SecuritiesLoaned
1376500000 USD
CY2018Q3 us-gaap Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
267900000.0 USD
CY2019Q1 us-gaap Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
1352800000.0 USD
CY2018Q3 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
870800000 USD
CY2019Q1 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
1242400000 USD
CY2018Q1 us-gaap Securities Segregated Under Commodity Exchange Act Regulation
SecuritiesSegregatedUnderCommodityExchangeActRegulation
500000 USD
CY2018Q1 us-gaap Securities Segregated Under Other Regulations
SecuritiesSegregatedUnderOtherRegulations
409500000 USD
CY2019Q1 us-gaap Securities Segregated Under Other Regulations
SecuritiesSegregatedUnderOtherRegulations
118800000 USD
CY2018Q3 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1936700000 USD
CY2019Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
2384700000 USD
CY2018Q3 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
123000000 USD
CY2019Q1 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
285500000 USD
CY2019Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
800000 USD
CY2018Q3 us-gaap Senior Notes
SeniorNotes
0 USD
CY2019Q1 us-gaap Senior Notes
SeniorNotes
171800000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3200000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3800000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
700000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1500000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
500000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
800000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
449900000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
443200000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
466600000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
505300000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
526000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
551800000 USD
CY2018Q1 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
400000 USD
us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
800000 USD
CY2019Q1 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
500000 USD
us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
1000000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
300000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1000000 USD
CY2018Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
1300000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
2500000 USD
CY2019Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
1200000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
2100000 USD
CY2018Q3 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
27100000 USD
CY2019Q1 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
9100000 USD
CY2018Q1 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
3000000 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
6500000 USD
CY2019Q1 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
4000000 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
7800000 USD
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2121957 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2121957 shares
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
46300000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
46300000 USD
CY2018Q1 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
700000 USD
us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
1300000 USD
CY2019Q1 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
200000 USD
us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
500000 USD
CY2018Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
354700000 USD
CY2019Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
378800000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18859333 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18836213 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19004793 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18999889 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18559849 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18502795 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18753490 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18706104 shares
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s fiscal year end is September&#160;30, and the fiscal quarters end on December&#160;31,&#160;March&#160;31, June&#160;30 and September 30. Unless otherwise stated, all dates refer to fiscal years and fiscal interim periods.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three and six months ended March 31, 2019, the Company reclassified certain brokerage related revenues for which the Company earns commissions on trading activity in the capacity of an agent. In performing this reclassification, the Company has made a retrospective adjustment to the condensed consolidated income statements for the three and six months ended March 31, 2018. For the three and six months ended March 31, 2018, brokerage related revenues of </font><font style="font-family:inherit;font-size:10pt;">$9.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$17.9 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, were reclassified from &#8216;trading gains, net&#8217; to &#8216;commissions and clearing fees&#8217;. Additionally, the Company has renamed the line item &#8216;trading gains, net&#8217; to &#8216;principal gains, net&#8217; on the condensed consolidated income statements in order to reflect the fact that these revenue streams are earned from trading financial instruments in the capacity of a principal and in order to properly segregate revenues earned from contracts with clients in connection with the adoption of the new revenue standard as discussed below. </font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The most significant of these estimates and assumptions relate to fair value measurement for financial instruments and investments, revenue recognition, the provision for bad debts, valuation of inventories, valuation of goodwill and intangible assets, incomes taxes, and contingencies. Although these and other estimates and assumptions are based on the best available information, actual results could be materially different from these estimates.</font></div></div>

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