Raymond James Financial (RJF) FY2021 results: revenue $9.8 billion, up 22.2% on the year
Raymond James Financial Inc. (RJF) reported revenue of $9.8 billion for fiscal 2021, the year ended 30 September 2021, up 22.2% on the year before. Net income was $1.4 billion, up 71.5%, and diluted earnings per share $6.63. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2021.
Revenue
$9.8 billion
+22.2% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.4 billion
+71.5% on the year
FY2014FY2021
Diluted EPS
$6.63
+70.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
6,647
4,073
577
+63.2%
Capital expenditure
74.0
124
138
-40.3%
Free cash flow
6,573
3,949
439
+66.4%
Free cash flow margin
67.3%
49.4%
5.7%
Cash from investing
-5,140
-4,985
-1,897
Cash from financing
5,232
4,574
1,373
+14.4%
Depreciation and amortisation
134
119
97.0
+12.6%
Share-based compensation
132
120
112
+10.0%
Buybacks
128
272
778
-52.9%
Dividends paid
218
205
191
+6.3%
Dividend per share
$1.04
$0.99
$0.91
+5.4%
Diluted shares, weighted
211m
210m
216m
+0.4%
Shares outstanding at period end
206m
205m
207m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,245
7,114
6,581
+15.9%
Non-controlling interest
58.0
62.0
62.0
-6.5%
Deposits
32,495
26,801
22,281
+21.2%
Trading liabilities
176
240
n/a
-26.7%
Debt
8.0
n/a
n/a
Other liabilities
20,909
13,265
9,906
+57.6%
Total liabilities and equity
61,891
47,482
38,830
+30.3%
Fixed assets
499
535
527
-6.7%
Goodwill
660
466
464
+41.6%
Intangible assets
222
134
147
+65.7%
Securities held for sale or to maturity
8,315
7,650
3,093
+8.7%
Loans
24,994
21,195
20,891
+17.9%
Securities borrowed
n/a
n/a
248
Cash and equivalents
7,201
5,390
3,957
+33.6%
Other assets
20,000
12,112
9,503
+65.1%
Total assets
61,891
47,482
38,830
+30.3%
10-K for the year ended 30 September 2021, filed 23 November 2021: the filing.