Raymond James Financial (RJF) FY2017 results: revenue $6.4 billion, up 17.9% on the year
Raymond James Financial Inc. (RJF) reported revenue of $6.4 billion for fiscal 2017, the year ended 30 September 2017, up 17.9% on the year before. Net income was $636 million, up 20.2%, and diluted earnings per share $2.89. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2017.
Revenue
$6.4 billion
+17.9% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$636 million
+20.2% on the year
FY2010FY2017
Diluted EPS
$2.89
+18.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,371
5,403
5,200
+17.9%
Interest expense
154
116
106
+32.5%
Pre-tax income
925
801
798
+15.6%
Income tax
289
271
296
+6.6%
Effective tax rate
31.2%
33.9%
37.1%
Net income
636
529
502
+20.2%
Net margin
10.0%
9.8%
9.7%
Diluted EPS
$2.89
$2.43
$2.29
+18.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-125
-573
899
Capital expenditure
190
122
74.1
+56.1%
Free cash flow
-315
-695
825
Free cash flow margin
-4.9%
-12.9%
15.9%
Cash from investing
-3,376
-2,918
-2,177
Cash from financing
4,065
2,540
1,730
+60.0%
Depreciation and amortisation
71.0
63.0
68.3
+12.7%
Share-based compensation
109
78.5
71.5
+38.8%
Buybacks
34.1
163
88.5
-79.0%
Dividends paid
127
113
103
+12.1%
Dividend per share
$0.59
$0.53
$0.48
+10.0%
Diluted shares, weighted
220m
217m
219m
+1.5%
Shares outstanding at period end
216m
212m
214m
+1.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,582
4,914
4,522
+13.6%
Non-controlling interest
112
146
264
-23.8%
Deposits
17,732
14,263
11,920
+24.3%
Other liabilities
11,458
12,164
9,774
-5.8%
Total liabilities and equity
34,883
31,487
26,480
+10.8%
Fixed assets
437
321
256
+36.1%
Goodwill
411
408
308
+0.6%
Intangible assets
83.0
95.0
69.3
-12.6%
Securities held for sale or to maturity
2,188
859
514
+154.6%
Loans
17,007
15,211
n/a
+11.8%
Securities borrowed
138
171
124
-19.0%
Trading assets
564
714
691
-20.9%
Cash and equivalents
3,670
1,650
2,601
+122.3%
Other assets
10,385
12,057
21,917
-13.9%
Total assets
34,883
31,487
26,480
+10.8%
10-K for the year ended 30 September 2017, filed 22 November 2017: the filing.