For the quarter ending 2025-12-31, RJF had -$1,217M decrease in cash & cash equivalents over the period. -$56M in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| 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 | 563 | 604 | 436 | 495 |
| Depreciation and amortization | 49 | 52 | 49 | 47 |
| Deferred income taxes, net | 35 | -48 | -50 | 11 |
| Premium and discount amortization on available-for-sale securities and bank loans and net unrealized gains/losses on other investments | -1 | 0 | 18 | -3 |
| Provisions for credit losses and legal and regulatory matters, net | 2 | 15 | 83 | 17 |
| Share-based compensation expense | 79 | 55 | 52 | 54 |
| Unrealized gains on corporate-owned life insurance policies, net of expenses | 22 | 65 | 99 | -31 |
| Other | -16 | -16 | -2 | 10 |
| Collateralized agreements, net of collateralized financings | 272 | -470 | 292 | 3 |
| Loans (provided to) financial advisors, net of repayments | 156 | 134 | 92 | 67 |
| Brokerage client receivables and other receivables, net | -206 | -64 | 30 | 471 |
| Trading instruments, net | -119 | 222 | -146 | 3 |
| Derivative instruments, net | 27 | -15 | 85 | 86 |
| Other assets | 54 | -41 | -55 | -5 |
| Brokerage client payables and other payables | 5 | -324 | 293 | -81 |
| Accrued compensation, commissions and benefits | -659 | 388 | 298 | 122 |
| Purchases and originations of loans held for sale, net of proceeds from sales of securitizations and loans held for sale | -105 | 131 | 57 | -53 |
| Net cash provided by/(used in) operating activities | -10 | 796 | 691 | 117 |
| Increase in bank loans, net | 2,137 | 1,667 | 1,710 | 1,040 |
| Proceeds from sales of loans held for investment | 81 | 27 | 135 | 21 |
| Purchases of available-for-sale securities | 66 | 102 | 180 | 92 |
| Available-for-sale securities maturations, repayments and redemptions | 360 | 445 | 522 | 503 |
| Proceeds from sales of available-for-sale securities | 0 | 0 | 0 | 0 |
| Additions to property and equipment | 46 | 44 | 57 | 46 |
| Sales/(purchases) of federal reserve bank (frb) and federal home loan bank (fhlb) stock, net | - | -3 | 1 | -9 |
| Renewable energy tax credit equity investments | - | 20 | 0 | 0 |
| Sales/(purchases) of other investments, net | - | 73 | - | - |
| Other investing activities, net | 57 | -8 | 11 | 14 |
| Net cash used in investing activities | -1,865 | -1,423 | -1,302 | -659 |
| Increase/(decrease) in bank deposits | 1,255 | 1,648 | 846 | 553 |
| Repurchases of common stock and share-based awards withheld for payment of withholding tax requirements | 513 | 353 | 455 | 274 |
| Dividends on common and preferred stock | 112 | 102 | 103 | 106 |
| Exercise of stock options and employee stock purchases | 9 | 5 | 7 | 9 |
| Redemption of preferred stock | - | 0 | - | - |
| Proceeds from senior notes issuance, net of debt issuance costs paid | - | 1,480 | - | - |
| Redemption of subordinated notes | - | 98 | - | - |
| Proceeds from federal home loan bank (fhlb) advances | 250 | 0 | 300 | 0 |
| Repayments of fhlb advances | 250 | 50 | 300 | 200 |
| Proceeds from short-term borrowings, net | - | - | - | -200 |
| Other financing, net | -10 | 2 | -3 | 2 |
| Net cash provided by/(used in) financing activities | 629 | 2,532 | 292 | -16 |
| Effect of exchange rate changes on cash and cash equivalents, including those segregated for regulatory purposes | 29 | -83 | 48 | 65 |
| Net decrease in cash and cash equivalents, including those segregated for regulatory purposes and restricted cash | -1,217 | 1,822 | -122 | -493 |
| Cash and cash equivalents at beginning of period | 14,787 | 12,965 | 13,087 | 13,580 |
| Cash and cash equivalents at end of period | 13,570 | 14,787 | 12,965 | 13,087 |
RAYMOND JAMES FINANCIAL INC (RJF)
RAYMOND JAMES FINANCIAL INC (RJF)