Raymond James Financial (RJF) FY2013 results: revenue $4.5 billion, up 17.8% on the year
Raymond James Financial Inc. (RJF) reported revenue of $4.5 billion for fiscal 2013, the year ended 30 September 2013, up 17.8% on the year before. Net income was $367 million, up 24.1%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2014.
Revenue
$4.5 billion
+17.8% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$367 million
+24.1% on the year
FY2008FY2013
Diluted EPS
$1.72
+17.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,485
3,807
3,400
+17.8%
Interest expense
110
91.4
n/a
+20.8%
Pre-tax income
564
468
451
+20.6%
Income tax
197
176
183
+12.2%
Effective tax rate
34.9%
37.5%
40.6%
Net income
367
296
278
+24.1%
Net margin
8.2%
7.8%
8.2%
Diluted EPS
$1.72
$1.47
$1.46
+17.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
660
391
1,558
+68.6%
Capital expenditure
72.9
77.5
37.2
-6.0%
Free cash flow
587
314
1,521
+87.1%
Free cash flow margin
13.1%
8.2%
44.7%
Cash from investing
n/a
-2,731
-400
Cash from financing
n/a
1,879
-1,679
Depreciation and amortisation
66.4
51.4
40.3
+29.0%
Share-based compensation
61.9
55.7
41.0
+11.0%
Buybacks
11.7
20.9
23.1
-43.8%
Dividends paid
76.6
68.8
63.1
+11.4%
Dividend per share
$0.37
$0.35
$0.35
+7.7%
Diluted shares, weighted
211m
198m
184m
+6.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,663
3,269
2,588
+12.1%
Non-controlling interest
335
411
324
-18.5%
Deposits
9,295
8,600
7,739
+8.1%
Debt
1,195
n/a
n/a
Other liabilities
8,698
8,880
7,356
-2.1%
Total liabilities and equity
23,186
21,160
18,007
+9.6%
Fixed assets
244
231
170
+5.7%
Goodwill
295
300
71.9
-1.5%
Intangible assets
66.0
61.1
1.0
+7.9%
Securities held for sale or to maturity
699
734
521
-4.8%
Securities borrowed
147
200
226
-26.7%
Trading assets
580
804
493
-27.9%
Cash and equivalents
2,597
1,980
2,440
+31.1%
Other assets
18,558
16,849
14,085
+10.1%
Total assets
23,186
21,160
18,007
+9.6%
10-K for the year ended 30 September 2013, filed 25 November 2014: the filing.