XML 22 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE      
Fee and other revenue $ 1,197.2 $ 1,230.4 $ 1,398.1
Investment revenue 20.0 54.7 49.5
Total revenue 1,217.2 1,285.1 1,447.6
EXPENSES      
Fee and other commissions expense 603.6 613.4 688.6
Investment commissions expense 3.6 23.3 19.3
Direct transaction expense 45.8 25.5 24.3
Total commissions and direct transaction expenses 653.0 662.2 732.2
Compensation and benefits 223.8 228.4 259.8
Transaction and operations support (1) 111.6 207.8 298.8
Occupancy, equipment and supplies 61.4 60.9 62.0
Depreciation and amortization 64.4 73.8 76.3
Total operating expenses 1,114.2 1,233.1 1,429.1
OPERATING INCOME 103.0 52.0 18.5
Other expenses      
Interest expense 92.4 77.0 53.6
Other non-operating expense (income) 4.5 39.3 (24.2)
Total other expenses 96.9 116.3 29.4
Income (loss) before income taxes 6.1 (64.3) (10.9)
Income tax expense (benefit) 14.0 (4.0) 13.1
NET LOSS $ (7.9) $ (60.3) $ (24.0)
LOSS PER COMMON SHARE      
Basic (usd per share) $ (0.10) $ (0.85) $ (0.37)
Diluted (usd per share) $ (0.10) $ (0.85) $ (0.37)
Weighted-average outstanding common shares and equivalents used in computing loss per share      
Basic 77.8 71.1 64.3
Diluted 77.8 71.1 64.3
Costs and Expenses $ 1,114.2 $ 1,233.1 $ 1,429.1