Raymond james financial, inc. (RJF)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09Sep'08
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

1,034

857

636

529

502

480

367

295

278

228

152

235

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

11

16

-32

29

-3

-10

-5

-12

-4

Net income including noncontrolling interests

-

-

-

540

518

448

396

292

267

222

140

230

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

112

99

84

72

68

64

66

51

40

39

34

27

Deferred income taxes

-23

117

-12

-58

-23

-35

-31

2

-6

-25

-44

32

Premium and discount amortization on available-for-sale securities and loss on other investments

-14

-21

28

25

42

22

80

35

13

14

11

-17

Provisions for loan losses, legal and regulatory proceedings and bad debts

59

55

36

42

34

26

13

32

52

109

186

68

Share-based compensation expense

112

99

109

78

71

69

61

55

40

41

31

42

Compensation expense/(benefit) payable in common stock of an acquiree

-

-

-

-2

0

-

-

-

-

-

-

-

Unrealized gain on company owned life insurance, net of expenses

10

32

43

24

-10

-

-

-

-

-

-

-

Losses on extinguishment of debt

0

0

-46

0

0

-

-

-

-

-

-

-

Goodwill impairment

19

0

0

-

-

-

6

0

0

-

-

-

Other

-51

-17

-35

-16

-5

-35

-32

-26

-50

-9

-25

21

Net change in:
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase

8

5

-97

134

-41

-206

191

209

98

-92

80

-126

Securities loaned, net of securities borrowed

93

78

262

-152

-98

-50

15

357

-153

-362

-52

32

Cash segregated pursuant to regulations

-

-

-

1,942

476

-1,575

1,280

-889

116

1,120

-2,001

-184

Loans provided to financial advisors, net of repayments

79

87

51

344

85

34

-11

229

15

-

-

-

Brokerage client receivables and other accounts receivable, net

-696

518

54

609

115

159

-88

-144

70

220

-335

-156

Trading instruments, net

-41

143

-57

-7

-32

46

-252

-102

-80

134

111

109

Derivative instruments, net

144

-73

-58

18

1

-

-

-

-

-

-

-

Other assets

85

-27

-97

47

3

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-19

66

-12

13

79

-0

-96

Brokerage client payables and other accounts payable

-1,231

346

-1,133

1,782

792

-1,800

1,307

-424

1,312

-461

-2,091

251

Accrued compensation, commissions and benefits

80

132

160

46

34

72

50

59

34

89

-15

-10

Proceeds from sales of securitizations and loans held for sale, net of purchases and originations of loans held for sale

-32

96

-189

101

59

-45

-41

18

138

-71

75

4

(Excess tax benefit) reduction of prior tax benefit from share-based payment arrangements

-

-

-

-

-

7

2

2

2

2

3

-4

Net cash provided by operating activities

577

884

-125

-573

898

507

659

391

1,558

-1,021

374

227

Cash flows from investing activities:
Additions to property and equipment

138

134

190

121

74

60

72

77

37

22

35

51

Increase in bank loans, net

1,605

2,818

2,254

2,400

2,176

2,391

1,063

1,523

384

-369

-357

2,787

Purchases of Federal Home Loan Bank/Federal Reserve Bank stock, net

-

-

-

-

4

22

-

-31

-61

67

-40

91

Proceeds from sales of loans held for investment

235

193

333

197

111

183

198

71

48

-

-

-

Purchases of available-for-sale securities

1,027

1,124

1,733

463

92

1

62

249

238

29

102

209

Proceeds from sales of or distributions received from private equity and other investments, net of purchases or contributions to private equity or other investments

-

-

-

-

62

-42

-229

82

-26

23

111

35

Decrease in securities purchased under agreements to resell

-

-

-

-

-

-

-

-

-

2,000

-1,295

200

Acquisition of controlling interest in subsidiary

-

-

-

-

-

-

-

-

6

0

-

-

Available-for-sale securities maturations, repayments and redemptions

644

495

299

95

69

104

117

173

130

149

149

110

Proceeds from sales of available-for-sale securities

0

45

94

11

84

49

4

0

13

0

0

-

Investments in real estate partnerships held by consolidated variable interest entities, net of other investing activity

-

-

-

-

-

-

-

-

13

10

28

-11

Business acquisitions, net of cash acquired

5

159

0

175

15

2

-

1,073

0

0

-

-

Other investing activities, net

1

-26

-75

62

16

0

3

-

-

-

-

-

Net cash used in investing activities

-1,897

-3,476

-3,376

-2,917

-2,176

-2,096

-651

-2,731

-400

2,366

-1,026

-2,876

Cash flows from financing activities:
Proceeds from/(repayments of) short-term borrowings, net

0

-610

610

-115

-34

70

79

-

-

-

-

-

Repayments of Federal Home Loan Bank advances and other borrowed funds

855

855

655

4

509

4

134

-

-

-

-

-

Proceeds from senior note issuances, net of debt issuance costs paid

0

0

508

792

0

0

-

-

-

-

-

-

Extinguishment of senior notes payable

0

0

650

250

0

0

-

-

-

-

-

-

Premium paid on extinguishment of senior notes payable

0

0

37

0

0

-

-

-

-

-

-

-

Acquisition-related contingent consideration (paid)/received, net

0

7

-3

0

-

-

-

-

-

-

-

-

Acquisition-related contingent consideration received, net of payments

0

7

-3

0

0

-

-

-

-

-

-

-

Proceeds from issuance of shares in registered public offering

-

-

-

-

-

-

-

362

0

0

-

-

Proceeds from borrowed funds, net

-

-

-

-

-

-

-

1,256

249

-1,607

327

2,095

Repayments of borrowed funds, net

-

-

-

-

-

-

-

550

2,561

33

1,203

5

Repayments of borrowings by consolidated variable interest entities which are real estate partnerships

-

-

-

-

-

-

-

-

23

16

18

19

Proceeds from capital contributed to and borrowings of consolidated variable interest entities which are real estate partnerships

-

-

-

-

-

-

23

30

33

111

33

31

Purchase of additional equity interest in subsidiary

-

-

-

-

-

-

0

4

0

0

0

-

Exercise of stock options and employee stock purchases

65

63

57

43

47

33

55

33

47

19

25

32

Proceeds from Borrowings by Variable Interest Entities which are Real Estate Partnerships

-

-

-

-

-

-

-

-

-

-

-

5

Increase in bank deposits

2,339

2,210

3,470

2,342

1,890

733

695

860

659

-2,343

648

3,189

Purchases of treasury stock

778

62

34

162

88

8

11

20

23

3

4

67

Dividends on common stock

191

151

127

113

103

88

76

68

63

56

54

53

Distributions to noncontrolling interests, net

-57

-18

-30

-17

-23

-

-

-

-

-

-

-

Excess tax benefit (reduction of prior tax benefit) from share-based payments

-

-

-

-

-

7

2

2

2

2

3

4

Net cash provided by financing activities

1,373

1,420

4,065

2,540

1,730

1,223

615

1,879

-1,679

-712

-241

5,212

Currency adjustment:
Effect of exchange rate changes on cash

-23

-33

47

0

-50

-32

-6

0

-0

1

-1

-1

Net increase in cash and cash equivalents and cash and cash equivalents segregated pursuant to regulations

30

-1,205

611

-950

401

-397

616

-459

-521

633

-895

2,562

Increase in cash resulting from the consolidation of an acquired entity and the acquisition of a controlling interest in a subsidiary

-

-

-

-

-

-

-

-

18

3

-6

0

Supplemental disclosures of cash flow information:
Cash paid for interest

283

201

156

113

106

101

106

91

55

59

58

396

Cash paid for income taxes, net

390

231

349

303

378

319

189

176

194

161

137

134

Non-cash transfers of loans to other real estate owned

-

-

-

-

-

6

3

12

14

41

14

5

Jay Peak Litigation
Jay Peak matter payments

0

0

146

-

-

-

-

-

-

-

-

-

RJF Credit Facility
Proceeds from borrowings on the RJF Credit Facility

300

300

0

-

-

-

-

-

-

-

-

-

Repayments of borrowings on the RJF Credit Facility

300

300

0

-

-

-

-

-

-

-

-

-

FHLB advances
Proceeds from Federal Home Loan Bank advances

850

850

950

-

550

500

5

-

-

-

-

-