Raymond James Financial (RJF) FY2020 results: revenue $8.0 billion, up 3.2% on the year
Raymond James Financial Inc. (RJF) reported revenue of $8.0 billion for fiscal 2020, the year ended 30 September 2020, up 3.2% on the year before. Net income was $818 million, down 20.9%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2020.
Revenue
$8.0 billion
+3.2% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$818 million
-20.9% on the year
FY2013FY2020
Diluted EPS
$3.89
-18.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
7,990
7,740
7,274
+3.2%
Interest expense
178
283
202
-37.1%
Pre-tax income
1,052
1,375
1,311
-23.5%
Income tax
234
341
454
-31.4%
Effective tax rate
22.2%
24.8%
34.6%
Net income
818
1,034
857
-20.9%
Net margin
10.2%
13.4%
11.8%
Diluted EPS
$3.89
$4.78
$3.83
-18.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
4,073
577
884
+605.9%
Capital expenditure
124
138
134
-10.1%
Free cash flow
3,949
439
750
+799.5%
Free cash flow margin
49.4%
5.7%
10.3%
Cash from investing
-4,985
-1,897
-3,476
Cash from financing
4,574
1,373
1,420
+233.1%
Depreciation and amortisation
119
97.0
85.0
+22.7%
Share-based compensation
120
112
99.0
+7.1%
Buybacks
272
778
62.0
-65.0%
Dividends paid
205
191
151
+7.3%
Dividend per share
$0.99
$0.91
$0.73
+8.8%
Diluted shares, weighted
210m
216m
223m
-2.6%
Shares outstanding at period end
205m
207m
218m
-0.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
7,114
6,581
6,368
+8.1%
Non-controlling interest
62.0
62.0
83.9
0.0%
Deposits
26,801
22,281
19,942
+20.3%
Trading liabilities
240
n/a
n/a
Other liabilities
13,265
9,906
11,019
+33.9%
Total liabilities and equity
47,482
38,830
37,413
+22.3%
Fixed assets
535
527
486
+1.5%
Goodwill
466
464
478
+0.4%
Intangible assets
134
147
161
-8.8%
Securities held for sale or to maturity
7,650
3,093
n/a
+147.3%
Loans
21,195
20,891
19,518
+1.5%
Securities borrowed
n/a
248
255
Cash and equivalents
5,390
3,957
3,500
+36.2%
Other assets
12,112
9,503
13,014
+27.5%
Total assets
47,482
38,830
37,413
+22.3%
10-K for the year ended 30 September 2020, filed 24 November 2020: the filing.