INTL FCSTONE INC. INTL Cash Flow

Intl fcstone inc. (INTL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
39,300	16,300	27,200	16,300	23,400	18,200	15,700	24,000	15,800	-0	-23,600	12,700	11,000	6,300	16,800	14,600	14,500	8,800	21,100	12,200	13,000	9,400	5,800	3,500	7,500	2,500	1,200	3,300	1,500	13,300	6,100	4,700	2,400	-500	5,100	10,300	15,300	4,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
4,200	3,900	4,400	3,500	3,200	2,900	3,200	2,800	5,599	0	2,600	2,400	2,400	2,400	2,000	1,900	2,000	1,900	1,800	1,700	1,800	1,900	1,900	1,900	1,700	1,800	1,900	2,000	2,300	1,800	1,900	1,900	1,900	1,500	1,300	1,300	1,100	1,000
Bad debts
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery of bad debt on physical coal
0	0	0	0	0	-2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
4,400	0	1,000	500	700	300	1,200	1,600	299	0	400	100	1,300	2,500	-200	0	2,600	2,000	4,100	400	2,800	0	4,700	100	200	500	600	100	-300	400	1,100	600	-100	100	500	1,200	2,100	2,400
Deferred income taxes
-400	-600	3,400	700	-400	0	2,600	1,100	18,599	0	-4,000	-2,200	-100	-3,500	-1,700	2,700	1,000	-2,800	900	1,600	900	1,400	-3,200	-100	-300	-3,200	-7,400	-100	100	-400	2,100	-1,900	100	-600	200	700	100	800
Amortization of debt issuance costs
300	400	300	400	600	200	200	300	499	0	200	300	200	1,200	400	200	300	200	200	200	300	200	200	300	200	300	300	300	300	300	500	400	400	400	1,500	0	0	100
Convertible debt interest settled in company stock upon conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	0	0	-100
Amortization of share-based compensation
2,400	2,600	2,200	2,100	1,900	1,900	1,700	1,700	3,199	0	1,700	2,000	1,800	800	1,300	1,300	1,600	900	800	1,000	900	900	1,100	1,000	1,100	1,100	4,000	1,800	1,900	1,600	2,100	1,500	1,300	1,000	700	600	500	500
Gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	0	0	0	0	300	800	-100	-300	0	-	-	-	-	600	-100	0	-200	-400	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of exchange memberships and common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,200	100	0	-9,200	0	0	0	0	-	-	-	-
Gain on acquisition of INTL Provident
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400
Changes in operating assets and liabilities, net:
Securities and other assets segregated under federal and other regulations
-	-299,000	-	-	-	-330,300	-30,300	71,900	585,100	-0	-112,000	-411,400	100,900	-148,300	161,900	43,900	134,600	39,500	-106,200	176,400	42,100	202,700	30,800	-295,800	499,600	-233,300	157,200	-87,000	700	24,200	-213,300	97,000	-38,500	354,700	54,600	-100	17,700	31,900
Securities purchased under agreements to resell
-343,100	178,600	-108,500	290,600	51,100	320,500	101,500	165,300	198,099	0	-115,100	-217,100	-31,700	160,900	-16,200	-75,700	367,100	9,900	-16,000	4,400	-3,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,300
Securities borrowed
-363,900	4,500	249,100	-115,700	326,400	737,900	49,100	-343,600	433,299	0	-33,000	46,000	66,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
-	281,100	-	-	-	-225,500	-	-632,000	9,999	0	-	-305,800	25,100	-151,400	-	-60,200	167,300	-55,600	-	266,200	157,600	155,400	128,500	-374,400	216,500	-129,800	79,100	15,600	-193,500	141,100	-327,000	-84,000	-160,300	473,600	328,500	-566,500	-260,800	-87,200
Deposits with and receivables from broker-dealers, clearing organizations, and counterparties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50,500	32,400	-40,600	-87,900	-62,300	-49,100	56,400	10,100	9,900	30,600	-36,800	-4,800	21,200	-11,200	44,800	-1,400	-51,400	24,400	-7,300	-11,900	-59,100	59,500	8,500	-60,100
Receivables from clients, net
156,500	-93,300	140,200	-23,100	-46,500	63,700	46,800	-94,500	71,999	0	29,200	84,700	-8,900	11,400	4,000	7,000	-50,800	-58,000	91,700	59,200	10,100	8,000	-70,600	61,000	-4,100	-18,300	-77,400	43,000	-17,100	75,200	-39,300	-49,300	67,900	-25,700	6,800	4,900	24,300	3,100
Notes receivable, net
-	2,900	-	-	-	-2,200	-7,200	-1,500	1,900	0	1,500	-1,900	-9,200	1,300	-31,000	-15,800	-22,400	9,700	11,000	-8,400	1,900	10,000	7,300	-7,000	18,700	8,900	3,700	-45,100	-11,500	-13,700	92,200	-5,900	-2,400	-6,000	3,200	-22,900	-12,900	29,700
Income taxes receivable
-8,200	-500	3,600	700	0	-100	500	200	599	0	-900	400	-1,300	1,300	-6,800	-900	1,600	-2,100	-1,000	700	-1,600	1,900	-2,400	500	-700	-1,600	-2,900	1,600	5,700	-4,200	3,300	300	-800	300	200	200	500	-1,500
Financial instruments owned, at fair value
348,300	2,200	-254,700	-166,800	535,100	-300	54,700	128,800	125,199	0	-49,000	-130,200	175,200	129,600	-369,500	107,900	296,300	158,200	115,200	93,200	395,000	-38,400	-61,400	101,300	-9,200	11,900	-13,300	-2,400	24,200	-11,600	42,600	-77,700	53,400	-76,600	97,000	-291,600	91,300	-177,400
Physical commodities inventory, net
5,500	20,400	-118,500	58,200	57,300	0	9,700	-73,500	162,499	0	-47,200	-9,300	-30,400	88,600	17,200	75,400	-16,700	15,100	-13,200	-13,500	14,500	5,100	-10,800	-15,900	41,300	-32,400	400	-93,500	18,100	2,300	30,900	-4,200	-8,700	-47,000	-87,300	84,900	9,300	28,700
Operating right of use assets
2,400	1,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-4,100	4,100	500	-1,800	3,500	6,100	4,800	1,600	-3,100	0	16,500	7,300	-15,600	7,800	10,300	2,300	3,700	1,100	100	400	11,500	4,200	-5,600	500	7,400	-2,400	-4,800	3,600	-5,100	2,000	8,500	-400	-2,300	-4,200	13,400	300	-5,500	3,900
Accounts payable and other accrued liabilities
56,000	-25,800	10,700	15,700	-4,000	-15,700	17,100	0	1,500	-0	-6,300	-4,500	-1,200	-7,600	9,800	23,300	7,800	-33,400	29,700	3,100	12,600	-22,200	8,400	10,400	-2,600	-14,300	-1,300	4,300	16,800	-20,000	1,100	5,300	11,500	-7,300	5,000	13,100	7,800	4,900
Operating lease liabilities
-2,700	-1,300	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payables to clients
827,800	114,200	-39,500	635,300	-281,400	-361,200	200,300	124,100	195,599	0	295,700	-32,600	63,100	-35,300	96,600	220,200	-157,900	13,300	398,700	-30,100	-140,600	104,100	-58,300	72,700	284,500	-107,400	-3,600	-134,500	170,100	-8,000	141,700	162,600	43,000	-99,300	-256,300	540,700	175,800	-94,000
Payables to broker-dealers, clearing organizations and counterparties
148,600	14,400	75,500	-384,500	351,800	133,600	-37,800	61,000	-51,000	0	-58,700	-1,100	83,800	-148,100	-44,900	-71,200	238,900	-176,600	201,200	-73,900	111,000	12,800	8,800	-1,600	1,000	-13,400	-4,700	19,200	-5,000	-31,800	34,100	2,300	-12,300	11,800	-1,100	1,700	-5,400	4,300
Income taxes payable
-300	400	0	-900	1,700	1,000	-3,200	1,900	4,499	0	-1,500	800	-3,100	4,000	300	100	1,700	-1,800	3,400	-700	-3,100	2,100	800	1,400	2,100	900	-1,500	600	600	800	400	2,700	-3,200	400	-4,100	-800	5,300	-400
Securities sold under agreements to repurchase
-131,300	157,900	-127,000	516,000	145,400	302,600	337,700	36,500	169,499	0	-65,200	26,400	-134,300	399,100	-269,200	320,700	-23,300	131,600	-74,300	172,700	87,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities loaned
-362,000	-29,100	219,000	-135,600	345,500	753,100	73,600	-354,800	448,000	-0	-36,900	40,600	89,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial instruments sold, not yet purchased, at fair value
37,200	-48,400	-146,400	-95,500	112,500	-26,700	-140,300	190,100	104,099	0	-27,200	-340,900	177,800	65,900	-30,100	-161,700	352,100	113,600	45,200	-90,200	259,500	-37,000	-8,400	54,900	6,200	31,400	-3,000	-54,400	49,900	12,100	-1,100	-43,900	-6,100	-164,400	76,800	-240,200	347,200	19,100
Net cash provided by (used in) operating activities
502,400	667,600	-130,000	462,500	76,100	-213,000	571,200	-396,400	-648,399	-0	1,052,300	29,700	72,000	-116,600	4,000	115,500	-63,900	-83,400	33,200	900	-21,600	25,400	193,100	-105,000	1,900	42,600	-18,500	49,300	-15,100	29,200	-10,500	68,000	-182,700	33,100	129,400	-73,100	155,800	-3,100
Cash flows from investing activities:
Disposal and deconsolidation of affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400	0	0	0	0
Cash paid for acquisitions, net
2,700	5,100	900	20,200	7,100	700	3,700	0	0	0	0	0	0	6,000	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	10,400	300	1,000	-4,200	3,100	1,100	9,300
Purchase of exchange memberships and common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,000	400
Sale of exchange memberships and common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	0	100	10,100	0	0	0	0	-	-	-	-
Purchase of property and equipment
2,700	1,800	1,600	3,000	2,800	4,500	3,200	2,400	6,899	0	7,500	2,500	3,100	3,000	3,300	4,100	2,100	5,900	1,700	5,500	1,000	900	200	1,000	1,800	1,300	1,000	800	1,900	1,200	1,800	1,100	2,600	3,200	3,100	3,100	2,600	1,300
Net cash used in investing activities
-5,400	-6,900	-2,500	-23,200	-9,900	-5,200	-6,100	-2,400	-6,899	-0	-7,700	-2,500	-3,100	-9,000	-23,400	-4,100	-2,100	-5,900	400	-6,200	-8,800	-900	-200	-1,000	-1,800	-1,300	-1,200	-800	-1,800	8,900	-1,800	-11,500	-2,900	-3,800	1,100	-6,200	56,900	-73,300
Cash flows from financing activities:
Net change in payable to lenders under loans with maturities 90 days or less
217,600	-106,000	-	-	-178,400	80,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from payables to lenders under loans with maturities greater than 90 days
131,000	180,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of payables to lenders under loans with maturities greater than 90 days
212,000	138,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of senior secured term loan
0	21,500	0	0	175,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in payable to lenders under loans
-	-	-	-	-	-	-	20,300	110,699	0	-	-18,500	-49,000	130,000	-28,600	60,300	10,800	99,500	-33,100	25,300	-3,300	26,600	-56,500	38,500	-19,700	-800	-84,600	-80,300	-15,500	23,200	42,800	-19,000	78,500	38,500	-43,100	88,400	-156,900	74,100
Repayments of senior secured term loan
2,400	2,500	-	2,200	2,200	0	-	-	-	-	-	0	0	45,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of note payable
300	100	200	200	200	200	200	200	399	0	200	200	200	200	200	200	200	200	200	200	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred payments on acquisitions
-	-	-	-	-	-	0	0	5,499	0	0	0	0	0	-	-	-	-	0	0	600	1,600	100	1,200	0	300	8,600	3,100	0	300	6,200	3,100	0	300	9,400	0	0	0
Repayment of subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500
Repurchase of stock
7,100	400	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,300	2,400	0	2,500	5,900	1,300	1,700	0	200	2,000	1,200	2,800	0	0	-	-	-	-
Debt issuance costs
1,300	200	0	100	2,300	900	0	300	99	0	0	200	0	100	200	0	1,800	100	100	0	0	100	0	0	0	300	3,300	200	200	0	-	-	-	-	1,100	100	0	1,200
Exercise of stock options
2,500	1,500	400	0	500	300	0	400	2,199	0	300	600	500	2,000	1,200	600	100	1,600	0	600	500	1,400	0	200	700	500	800	200	500	0	200	200	1,200	300	100	100	1,100	100
Withholding taxes on stock option exercises
-	-	-	-	-	-	0	0	799	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax benefit on stock options and awards
-	-	-	-	-	-	-	-	-	-	900	0	-800	600	100	0	0	700	0	100	400	0	-	-	-	-	400	0	0	-300	200	0	0	0	-	-	-	-
Net cash (used in) provided by financing activities
127,800	-43,700	-141,000	78,600	-7,600	79,600	-5,400	20,200	106,099	0	-13,300	-18,300	-49,500	86,800	-27,900	51,500	-4,100	101,500	-33,400	29,800	-5,300	23,900	-56,700	35,000	-24,900	-2,200	-51,500	-83,400	-15,400	20,600	35,500	-24,700	79,700	38,500	-53,600	88,400	-155,700	72,500
Effect of exchange rates on cash, segregated cash, cash equivalents, and segregated cash equivalents
-3,400	700	-1,300	300	0	300	-7,100	4,700	-1,700	0	1,000	900	-1,900	1,400	-1,100	-1,500	-1,000	-6,000	-100	0	1,000	-1,500	-2,600	-500	-900	-300	-200	400	-400	-300	-600	-400	-100	-100	-400	0	0	0
Net increase (decrease) in cash, segregated cash, cash equivalents, and segregated cash equivalents
621,400	617,700	-274,800	518,200	58,600	-138,300	552,600	-373,900	-550,900	0	1,032,300	9,800	17,500	-37,400	-48,400	161,400	-71,100	6,200	100	24,500	-34,700	46,900	133,600	-71,500	-25,700	38,800	-71,400	-34,500	-32,700	58,400	22,600	31,400	-106,000	67,700	76,500	9,100	57,000	-3,900
Supplemental disclosure of cash flow information:
Cash paid for interest
31,300	33,000	43,100	40,300	36,100	33,700	24,700	21,700	32,499	0	10,800	10,100	9,500	7,600	7,100	7,100	7,400	4,400	8,000	2,800	2,700	2,300	2,200	2,400	2,400	2,600	1,700	2,500	2,200	2,500	2,200	1,700	1,900	2,100	3,900	1,300	2,300	2,000
Income taxes paid, net of cash refunds
8,000	5,200	7,100	6,200	6,000	5,300	6,400	6,000	9,799	0	4,700	4,300	5,700	2,400	-3,900	3,200	4,100	5,100	2,900	4,800	5,000	2,600	2,000	-600	100	1,500	1,900	2,300	4,700	1,300	2,100	500	2,100	1,400	10,600	4,800	1,000	1,200
Supplemental disclosure of non-cash investing and financing activities:
Conversion of subordinated notes to common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	900	1,200	5,600
Identified intangible assets and goodwill on acquisitions
2,800	4,400	8,100	0	2,700	0	-	-	-	-	-6,000	0	0	6,000	0	0	0	0	-	-	-	-	-	-	-	-	2,500	0	0	3,100	0	1,100	-500	1,200	4,900	0	0	0
Additional consideration payable related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-700	0	100	200	0	200	1,600	100	-2,400	300	100	200	3,500	800	500	3,400	300	400	500	900	900	300	500	3,700
Payable related to repurchase of stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired
56,100	296,500	6,200	15,000	22,800	3,100	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
56,200	295,800	1,200	400	6,400	900	1,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net assets acquired
-100	700	5,000	14,600	16,400	2,200	-200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-