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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Sep. 30, 2010
Assets:    
Cash and cash equivalents $ 1,598,688 [1] $ 2,943,239 [1]
Assets segregated pursuant to regulations and other segregated assets 2,498,212 [2] 3,430,715 [2],[3]
Securities purchased under agreements to resell and other collateralized financings 470,407 344,652
Financial instruments, at fair value:    
Trading instruments 575,077 591,447
Available for sale securities 324,129 424,461
Private equity and other investments 321,800 321,079
Receivables:    
Brokerage clients, net 1,812,010 1,675,535
Stock borrowed 307,281 262,888
Bank loans, net 6,252,094 6,094,929
Brokers-dealers and clearing organizations 176,187 143,994
Other 524,489 442,856
Deposits with clearing organizations 76,639 [4] 76,488 [4]
Prepaid expenses and other assets 408,636 451,357
Investments in real estate partnerships - held by variable interest entities 320,480 280,890
Property and equipment, net 172,346 170,768
Deferred income taxes, net 206,710 165,208
Goodwill 71,924 62,575
Total assets 16,117,109 17,883,081
Liabilities and equity:    
Trading instruments sold but not yet purchased, at fair value 195,793 131,038
Securities sold under agreements to repurchase 64,988 233,346
Payables:    
Brokerage clients 3,728,946 3,308,115
Stock loaned 707,802 698,668
Bank deposits 6,944,458 7,079,718
Brokers-dealers and clearing organizations 100,178 137,041
Trade and other 361,547 290,268
Other borrowings 0 2,557,000
Accrued compensation, commissions and benefits 436,948 418,591
Loans payable related to investments by variable interest entities in real estate partnerships 98,562 76,464
Corporate debt 612,648 355,964
Total liabilities 13,251,870 15,286,213
Commitments and contingencies (See Note 13)    
Equity    
Preferred stock; $.10 par value; authorized 10,000,000 shares; issued and outstanding -0- shares 0 0
Common stock; $.01 par value; authorized 350,000,000 shares; issued 130,370,735 at June 30, 2011 and 128,620,429 at September 30, 2010 1,267 1,244
Shares exchangeable into common stock; 0 at June 30, 2011 and 243,048 at September 30, 2010 0 3,119
Additional paid-in capital 553,920 476,359
Retained earnings 2,074,315 1,909,865
Treasury stock, at cost; 3,798,214 common shares at June 30, 2011 and 3,918,492 common shares at September 30, 2010 (81,741) (81,574)
Accumulated other comprehensive income 10,903 (6,197)
Total equity attributable to Raymond James Financial, Inc. 2,558,664 2,302,816
Noncontrolling interests 306,575 294,052
Total equity 2,865,239 2,596,868
Total liabilities and equity $ 16,117,109 $ 17,883,081
[1] Of the total, includes $655 million of RJF parent company cash and cash equivalents (nearly all of which is invested on behalf of the RJF parent company by one of its subsidiaries) as of June 30, 2011. At September 30, 2010, the RJF parent company had $287 million in cash and cash equivalents (see Note 26 on page 135 of the 2010 Form 10-K for further information).
[2] Consists of cash and cash equivalents maintained in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934. Raymond James & Associates, Inc. ("RJ&A"), as a broker-dealer carrying client accounts, is subject to requirements related to maintaining cash or qualified securities in a segregated reserve account for the exclusive benefit of its clients. Additionally, Raymond James Ltd. ("RJ Ltd.") is required to hold client Registered Retirement Savings Plan funds in trust. The $1.3 billion in other segregated assets at September 30, 2010 related to the point-in-time regulatory balance sheet composition requirements mentioned above was held as collateral by the Federal Home Loan Bank of Atlanta ("FHLB") securing an overnight advance. On October 1, 2010, the advance was repaid.
[3] At September 30, 2010, cash and other segregated assets included additional amounts in order for RJ Bank to meet point-in-time regulatory balance sheet composition requirements related to its qualifying as a thrift institution. The cash in banks and other segregated assets balances at September 30, 2010 included an additional $1.8 billion and $1.3 billion, respectively, resulting from the September 30, 2010 point-in-time requirement. See Note 22 on page 130 of our 2010 Form 10-K for discussion of the September 30, 2010 point-in-time requirement.
[4] Consists of deposits of cash and cash equivalents or other short-term securities held by other clearing organizations or exchanges.