StoneX Group Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>StoneX Group Inc. filed its Q1 2024 10-Q report for the period ending December 31, 2023.</b>

AI Summary

StoneX Group Inc. (SNEX) filed a Quarterly Report (10-Q) with the SEC on February 6, 2024. StoneX Group Inc. reported its Q1 2024 results, ending December 31, 2023. The filing covers the period from October 1, 2023, to December 31, 2023. The company's fiscal year ends on September 30th. StoneX Group Inc. was formerly known as INTL FCSTONE INC. and INTERNATIONAL ASSETS HOLDING CORP. The filing is a 10-Q, indicating a quarterly report.

Why It Matters

For investors and stakeholders tracking StoneX Group Inc., this filing contains several important signals. This 10-Q filing provides investors with a detailed look at StoneX Group Inc.'s financial performance and position for the first quarter of fiscal year 2024. Understanding the quarterly results is crucial for tracking the company's ongoing business activities, revenue streams, and any changes in its financial health.

Risk Assessment

Risk Level: medium — StoneX Group Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information and does not indicate any immediate, significant positive or negative developments beyond normal business operations.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to assess revenue growth and profitability trends for StoneX Group Inc.

Key Numbers

• 2023-12-31 — Period of Report End Date (10-Q filing)
• 2024-02-06 — Filed As Of Date (10-Q filing)
• 001-36045 — SEC File Number (10-Q filing)
• 6200 — Standard Industrial Classification (Company data)

Key Players & Entities

• StoneX Group Inc. (company) — Filer
• INTL FCSTONE INC. (company) — Former company name
• INTERNATIONAL ASSETS HOLDING CORP (company) — Former company name
• 2023-12-31 (date) — Period of report
• 2024-02-06 (date) — Filed as of date

Forward-Looking Statements

• StoneX Group Inc. will continue to see strong revenue from its physical commodities segment in the next quarter. (StoneX Group Inc.) — medium confidence, target: 2024-03-31

FAQ

Industry Context

StoneX Group Inc. operates in the Security & Commodity Brokers, Dealers, Exchanges & Services industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Analyze the revenue breakdown by segment for Q1 2024.
2. Review any disclosed risk factors or significant changes from previous filings.
3. Compare key financial metrics to prior periods to identify trends.

Key Dates

• 2023-12-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-02-06: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is a 10-Q filing for the quarter ending December 31, 2023. Specific comparative data from the previous filing (likely a 10-Q for the quarter ending September 30, 2023, or an annual 10-K) is not detailed in this header information.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value SNEX The Nasdaq Stock Market

Filing Documents

• intl-20231231.htm (10-Q) — 2255KB
• a2022omnibusincentivecompe.htm (EX-10.1) — 143KB
• snexexhibit31112312023.htm (EX-31.1) — 10KB
• snexexhibit31212312023.htm (EX-31.2) — 10KB
• snexexhibit32112312023.htm (EX-32.1) — 5KB
• snexexhibit32212312023.htm (EX-32.2) — 5KB
• intl-20231231_g1.jpg (GRAPHIC) — 70KB
• 0000913760-24-000025.txt (&nbsp;) — 11592KB
• intl-20231231.xsd (EX-101.SCH) — 69KB
• intl-20231231_cal.xml (EX-101.CAL) — 107KB
• intl-20231231_def.xml (EX-101.DEF) — 307KB
• intl-20231231_lab.xml (EX-101.LAB) — 841KB
• intl-20231231_pre.xml (EX-101.PRE) — 546KB
• intl-20231231_htm.xml (XML) — 2205KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 1 Condensed Consolidated Income Statements 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Stockholders' Equity 6 Notes to Condensed Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 53

Controls and Procedures

Item 4. Controls and Procedures 55

OTHER INFORMATION

Part II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 55

Risk Factors

Item 1A. Risk Factors 55

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 56

Other Information

Item 5. Other Information 56

Exhibits

Item 6. Exhibits 57

Signatures

Signatures 57 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements StoneX Group Inc. Condensed Consolidated Balance Sheets (Unaudited) (in millions, except par value and share amounts) December 31, 2023 September 30, 2023 ASSETS Cash and cash equivalents $ 1,157.6 $ 1,108.3 Cash, securities and other assets segregated under federal and other regulations (including $ 3.5 million and $ 5.8 million at fair value at December 31, 2023 and September 30, 2023, respectively) 2,774.6 2,426.3 Collateralized transactions: Securities purchased under agreements to resell 3,799.8 2,979.5 Securities borrowed 994.5 1,129.1 Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net (including $ 3,769.3 million and $ 4,248.3 million at fair value at December 31, 2023 and September 30, 2023, respectively) 7,474.1 7,443.8 Receivable from clients, net (including $ 1.1 million and $( 7.9 ) million at fair value at December 31, 2023 and September 30, 2023, respectively) 825.6 683.1 Notes receivable, net 5.3 5.2 Income taxes receivable 20.8 25.1 Financial instruments owned, at fair value (includes securities pledged as collateral that can be sold or repledged of $ 1,870.2 million and $ 1,466.4 million at December 31, 2023 and September 30, 2023, respectively) 5,064.4 5,044.8 Physical commodities inventory, net (including $ 314.4 million and $ 386.5 million at fair value at December 31, 2023 and September 30, 2023, respectively) 518.4 537.3 Deferred tax asset 37.4 45.4 Property and equipment, net 127.0 123.5 Operating right of use assets 137.9 122.1 Goodwill and intangible assets, net 80.5 82.4 Other assets 226.9 182.8 Total assets $ 23,244.8 $ 21,938.7 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Accounts payable and other accrued liabilities (including $ 1.6 million and $ 1.5 million at fair value at December 31, 2023 and September 30, 2023, respectively) $ 446.3 $ 533.0 Operating lease liabilities 169.3 149.3 Payables to: Clients (including $ 45

View Full Filing

View this 10-Q filing on SEC EDGAR