Raymond James Financial (RJF) FY2015 results: revenue $5.2 billion, up 7.0% on the year
Raymond James Financial Inc. (RJF) reported revenue of $5.2 billion for fiscal 2015, the year ended 30 September 2015, up 7.0% on the year before. Net income was $502 million, up 4.6%, and diluted earnings per share $2.29. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2015.
Revenue
$5.2 billion
+7.0% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$502 million
+4.6% on the year
FY2008FY2015
Diluted EPS
$2.29
+3.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,200
4,861
4,485
+7.0%
Interest expense
106
104
110
+1.9%
Pre-tax income
798
748
564
+6.7%
Income tax
296
268
197
+10.5%
Effective tax rate
37.1%
35.8%
34.9%
Net income
502
480
367
+4.6%
Net margin
9.7%
9.9%
8.2%
Diluted EPS
$2.29
$2.21
$1.72
+3.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
899
508
660
+77.1%
Capital expenditure
74.1
60.1
72.9
+23.2%
Free cash flow
825
447
587
+84.4%
Free cash flow margin
15.9%
9.2%
13.1%
Cash from investing
-2,177
-2,097
n/a
Cash from financing
1,730
1,224
n/a
+41.3%
Depreciation and amortisation
68.3
64.2
66.4
+6.5%
Share-based compensation
71.5
69.6
61.9
+2.7%
Buybacks
88.5
8.4
11.7
+950.7%
Dividends paid
103
88.1
76.6
+17.1%
Dividend per share
$0.48
$0.43
$0.37
+12.5%
Diluted shares, weighted
219m
215m
211m
+1.6%
Shares outstanding at period end
214m
n/a
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,522
4,141
3,663
+9.2%
Non-controlling interest
264
292
335
-9.6%
Deposits
11,920
10,029
9,295
+18.9%
Debt
n/a
1,191
1,195
Other liabilities
9,774
7,673
8,698
+27.4%
Total liabilities and equity
26,480
23,326
23,186
+13.5%
Fixed assets
256
245
244
+4.3%
Goodwill
308
295
295
+4.1%
Intangible assets
69.3
58.8
66.0
+18.0%
Securities held for sale or to maturity
514
562
699
-8.6%
Securities borrowed
124
159
147
-21.8%
Trading assets
691
679
580
+1.6%
Cash and equivalents
2,601
2,199
2,597
+18.3%
Other assets
21,917
19,126
18,558
+14.6%
Total assets
26,480
23,326
23,186
+13.5%
10-K for the year ended 30 September 2015, filed 25 November 2015: the filing.