Raymond James Financial (RJF) FY2016 results: revenue $5.4 billion, up 3.9% on the year
Raymond James Financial Inc. (RJF) reported revenue of $5.4 billion for fiscal 2016, the year ended 30 September 2016, up 3.9% on the year before. Net income was $529 million, up 5.4%, and diluted earnings per share $2.43. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2016.
Revenue
$5.4 billion
+3.9% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$529 million
+5.4% on the year
FY2009FY2016
Diluted EPS
$2.43
+6.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,403
5,200
4,861
+3.9%
Interest expense
116
106
104
+9.4%
Pre-tax income
801
798
748
+0.3%
Income tax
271
296
268
-8.4%
Effective tax rate
33.9%
37.1%
35.8%
Net income
529
502
480
+5.4%
Net margin
9.8%
9.7%
9.9%
Diluted EPS
$2.43
$2.29
$2.21
+6.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-573
899
508
Capital expenditure
122
74.1
60.1
+64.3%
Free cash flow
-695
825
447
Free cash flow margin
-12.9%
15.9%
9.2%
Cash from investing
-2,918
-2,177
-2,097
Cash from financing
2,540
1,730
1,224
+46.8%
Depreciation and amortisation
63.0
68.3
64.2
-7.8%
Share-based compensation
78.5
71.5
69.6
+9.8%
Buybacks
163
88.5
8.4
+83.5%
Dividends paid
113
103
88.1
+10.0%
Dividend per share
$0.53
$0.48
$0.43
+11.1%
Diluted shares, weighted
217m
219m
215m
-1.0%
Shares outstanding at period end
212m
214m
n/a
-0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,914
4,522
4,141
+8.7%
Non-controlling interest
146
264
292
-44.5%
Deposits
14,263
11,920
10,029
+19.7%
Debt
n/a
n/a
1,191
Other liabilities
12,164
9,774
7,673
+24.5%
Total liabilities and equity
31,487
26,480
23,326
+18.9%
Fixed assets
321
256
245
+25.6%
Goodwill
408
308
295
+32.6%
Intangible assets
95.0
69.3
58.8
+37.0%
Securities held for sale or to maturity
859
514
562
+67.3%
Loans
15,211
n/a
n/a
Securities borrowed
171
124
159
+37.4%
Trading assets
714
691
679
+3.3%
Cash and equivalents
1,650
2,601
2,199
-36.5%
Other assets
12,057
21,917
19,126
-45.0%
Total assets
31,487
26,480
23,326
+18.9%
10-K for the year ended 30 September 2016, filed 22 November 2016: the filing.