Raymond James Financial (RJF) FY2012 results: revenue $3.8 billion, up 12.0% on the year
Raymond James Financial Inc. (RJF) reported revenue of $3.8 billion for fiscal 2012, the year ended 30 September 2012, up 12.0% on the year before. Net income was $296 million, up 6.3%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2012.
Revenue
$3.8 billion
+12.0% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$296 million
+6.3% on the year
FY2008FY2012
Diluted EPS
$1.47
+0.5% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,807
3,400
2,980
+12.0%
Interest expense
91.4
n/a
n/a
Pre-tax income
468
451
356
+3.8%
Income tax
176
183
134
-4.0%
Effective tax rate
37.5%
40.6%
37.5%
Net income
296
278
228
+6.3%
Net margin
7.8%
8.2%
7.7%
Diluted EPS
$1.47
$1.46
$1.22
+0.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
391
1,558
-1,021
-74.9%
Capital expenditure
77.5
37.2
22.3
+108.4%
Free cash flow
314
1,521
-1,044
-79.4%
Free cash flow margin
8.2%
44.7%
-35.0%
Cash from investing
-2,731
-400
2,366
Cash from financing
1,879
-1,679
-712
Depreciation and amortisation
51.4
40.3
39.5
+27.5%
Share-based compensation
55.7
41.0
41.8
+36.0%
Buybacks
20.9
23.1
3.5
-9.7%
Dividends paid
68.8
63.1
56.0
+9.0%
Dividend per share
$0.35
$0.35
$0.29
0.0%
Diluted shares, weighted
198m
184m
179m
+7.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,269
2,588
2,303
+26.3%
Non-controlling interest
411
324
294
+26.9%
Deposits
8,600
7,739
7,080
+11.1%
Debt
n/a
n/a
356
Other liabilities
8,880
7,356
7,851
+20.7%
Total liabilities and equity
21,160
18,007
17,883
+17.5%
Fixed assets
231
170
171
+36.1%
Goodwill
300
71.9
62.6
+317.3%
Intangible assets
61.1
1.0
2.4
+5,761.5%
Securities held for sale or to maturity
734
521
n/a
+40.9%
Loans
n/a
n/a
6,095
Securities borrowed
200
226
263
-11.3%
Trading assets
804
493
591
+63.2%
Cash and equivalents
1,980
2,440
2,943
-18.8%
Other assets
16,849
14,085
7,755
+19.6%
Total assets
21,160
18,007
17,883
+17.5%
10-K for the year ended 30 September 2012, filed 21 November 2012: the filing.