For the year ending 2025-09-30, RJF-PB had $439M increase in cash & cash equivalents over the period. $2,246M in free cash flow.
| Cash Flow | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net revenues | 1,814 | - | - | - |
| Total non-interest expenses | 263 | - | - | - |
| Pre-tax income before equity in undistributed net income of subsidiaries | 1,551 | - | - | - |
| Income tax benefit | -83 | - | - | - |
| Income before equity in undistributed net income of subsidiaries | 1,634 | - | - | - |
| Equity in undistributed net income of subsidiaries | 501 | - | - | - |
| Net income | 2,135 | 2,068 | 1,739 | 1,509 |
| Depreciation and amortization | 195 | 179 | 165 | 145 |
| Deferred income taxes, net | -52 | -83 | -88 | -16 |
| Premium and discount amortization on available-for-sale securities and bank loans and net unrealized gain/loss on other investments | - | - | - | -23 |
| Premium and discount amortization on available-for-sale securities and bank loans and net unrealized gains/losses on other investments | 19 | 36 | 49 | - |
| Provisions for credit losses and legal and regulatory matters | 122 | 21 | 292 | 111 |
| Share-based compensation expense | 254 | 254 | 237 | 192 |
| Unrealized gains on corporate-owned life insurance policies, net of expenses | 133 | 233 | 96 | -174 |
| Losses on extinguishment of debt | - | - | 0 | 0 |
| Other | -39 | -22 | -10 | -49 |
| Assets segregated for regulatory purposes excluding cash and cash equivalents | - | 0 | 0 | -2,100 |
| Collateralized agreements, net of collateralized financings | -223 | -270 | -157 | 37 |
| Loans provided to financial advisors, net of repayments | - | - | - | 120 |
| Loans (provided to) financial advisors, net of repayments | 328 | 223 | 7 | - |
| Brokerage client receivables and other receivables, net | 106 | 362 | -257 | 203 |
| Trading instruments, net | 145 | 34 | 33 | -48 |
| Derivative instruments, net | -46 | 151 | 130 | -479 |
| Other assets | -119 | -9 | 52 | 126 |
| Brokerage client payables and other payables | 7 | 91 | -6,088 | -4,213 |
| Accrued compensation, commissions and benefits | 279 | 404 | 123 | -76 |
| Purchases and originations of loans held for sale, net of proceeds from sales of securitizations and loans held for sale | 202 | 41 | -49 | -33 |
| Net cash provided by/(used in) operating activities | 2,434 | 2,155 | -3,514 | 72 |
| Increase in bank loans, net | 5,711 | 2,599 | 1,262 | 7,235 |
| Proceeds from sales of loans held for investment | 245 | 415 | 680 | 213 |
| Purchases of available-for-sale securities | 582 | 503 | 611 | 3,069 |
| Available-for-sale securities maturations, repayments and redemptions | 1,976 | 2,010 | 1,262 | 1,712 |
| Proceeds from sales of available-for-sale securities | 78 | 0 | 0 | 52 |
| Cash and cash equivalents acquired in business acquisitions, including those segregated for regulatory purposes, net of cash paid for acquisitions | - | 0 | 0 | -1,461 |
| Additions to property and equipment | 188 | 205 | 173 | 91 |
| Purchase of federal reserve bank stock | - | - | 22 | - |
| Purchases of federal home loan bank stock, net | - | - | 4 | - |
| Sales/(purchases) of federal reserve bank (frb) and federal home loan bank (fhlb) stock, net | -11 | 0 | - | - |
| Investment in note receivable | - | 0 | 0 | 125 |
| Investment in solar tax credit equity investment | - | - | 69 | - |
| Renewable energy tax credit equity investments | 20 | 42 | - | - |
| (purchases)/sales of other investments, net | - | - | - | -24 |
| Sales/(purchases) of other investments, net | 73 | -20 | 6 | - |
| Other investing activities, net | 57 | 64 | 69 | 93 |
| Net cash used in investing activities | -4,321 | -968 | -274 | -7,151 |
| Proceeds from senior notes issuances, net of debt issuance costs paid | - | - | 0 | 0 |
| Extinguishment of senior notes payable | - | - | 0 | 0 |
| Increase in bank deposits | 2,887 | 1,811 | 2,842 | 6,269 |
| Repurchases of common stock and share-based awards withheld for payment of withholding tax requirements | 1,267 | 984 | 862 | 216 |
| Dividends on common and preferred stock | 416 | 383 | 355 | 277 |
| Exercise of stock options and employee stock purchases | 31 | 46 | 46 | 52 |
| Redemption of preferred stock | 0 | 0 | 40 | - |
| Proceeds from senior notes issuance, net of debt issuance costs paid | 1,480 | - | - | - |
| Redemption of subordinated notes | 98 | - | - | - |
| Proceeds from fhlb advances | 750 | 1,300 | 3,200 | 1,025 |
| Repayments of fhlb advances and other borrowed funds | - | 1,350 | 3,391 | - |
| Repayments of fhlb advances | 1,000 | - | - | 967 |
| Other financing, net | -6 | -2 | -2 | -7 |
| Net cash provided by financing activities | 2,361 | 438 | 1,438 | 5,879 |
| Effect of exchange rate changes on cash and cash equivalents, including those segregated for regulatory purposes | -35 | 175 | 239 | -590 |
| Net increase/(decrease) in cash and cash equivalents, including those segregated for regulatory purposes and restricted cash | 439 | 1,800 | -2,111 | -1,790 |
| Cash and cash equivalents at beginning of period | 14,348 | 12,548 | 14,659 | 16,449 |
| Cash and cash equivalents at end of period | 14,787 | 14,348 | 12,548 | 14,659 |
RAYMOND JAMES FINANCIAL INC (RJF-PB)
RAYMOND JAMES FINANCIAL INC (RJF-PB)