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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
Business Combinations [Abstract]  
Schedule of Calculation of Purchase Consideration Transferred

Calculation of purchase consideration transferred

 

     February 26,
2015
 

Cash

   $ 331.1   

Fair value of shares already owned (17,075,464 shares at $6.10 per share)

     104.1   
  

 

 

 

Total purchase consideration

     435.2   

Redeemable noncontrolling interest (56,435,876 shares at $6.10 per share)

     344.3   
  

 

 

 

Total purchase consideration and noncontrolling interest

   $ 779.5   
  

 

 

 
Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed

Preliminary allocation of the assets acquired and the liabilities assumed

 

     February 26,
2015
 

Cash and cash equivalents

   $ 238.8   

Receivables from broker-dealers, clearing organizations, customers and related-broker dealers

     696.7   

Accrued commissions receivable, net

     93.6   

Fixed assets, net

     58.0   

Other assets

     189.2   

Assets held for sale

     208.3   

Short-term borrowings

     (70.0

Accrued compensation

     (141.7

Payables to broker-dealers, clearing organizations, customers and related broker-dealers

     (641.5

Accounts payable, accrued and other liabilities

     (165.0

Notes payable and collateralized borrowings

     (255.3

Liabilities held for sale

     (175.5

Pre-existing noncontrolling interest

     (2.1

Finite-lived intangible assets:

  

Non-compete agreement

     15.4   

Technology

     39.2   

Customer relationships

     163.7   

Acquired intangibles

     6.7   

Infinite-lived intangible assets:

  

Trade name

     92.1   

Goodwill

     428.9   
  

 

 

 

Total

   $ 779.5   
  

 

 

 
Business Acquisition, Pro Forma Information

In millions

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2015      2014      2015      2014  

Pro forma revenues

   $ 669.1       $ 633.1       $ 1,379.9       $ 1,315.5   

Pro forma consolidated net income

   $ 9.3       $ (40.5    $ 33.1       $ (32.9