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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Securities commissions and fees $ 551,337 $ 505,246 $ 1,649,186 $ 1,453,699
Investment banking 64,518 41,914 186,618 112,471
Investment advisory fees 55,016 44,512 160,069 131,066
Interest 95,832 92,780 297,029 277,427
Net trading profits 7,529 3,047 29,097 24,854
Financial service fees 38,954 41,524 121,637 117,231
Other 55,026 34,589 121,653 99,520
Total revenues 868,212 [1] 763,612 [1] 2,565,289 [1] 2,216,268 [1]
Interest expense 17,825 16,239 49,016 47,489
Net revenues 850,387 747,373 2,516,273 2,168,779
Non-interest expenses:        
Compensation, commissions and benefits 575,726 513,676 1,707,197 1,482,174
Communications and information processing 36,156 29,995 103,681 90,514
Occupancy and equipment costs 27,140 26,679 80,142 79,286
Clearance and floor brokerage 10,277 9,480 29,641 26,810
Business development 24,800 18,878 71,565 59,373
Investment sub-advisory fees 7,703 6,988 22,474 20,373
Bank loan loss provision 8,363 17,098 28,232 59,870
Loss provision for auction rate securities 45,000 0 45,000 0
Other 34,143 29,232 96,278 93,711
Total non-interest expenses 769,308 652,026 2,184,210 1,912,111
Income including noncontrolling interests and before provision for income taxes 81,079 95,347 332,063 256,668
Provision for income taxes 31,881 36,824 125,992 97,337
Net income including noncontrolling interests 49,198 58,523 206,071 159,331
Net income (loss) attributable to noncontrolling interests 2,412 (2,164) (3,355) 113
Net income attributable to Raymond James Financial, Inc. 46,786 60,687 209,426 159,218
Net income per common share-basic $ 0.37 $ 0.49 $ 1.66 $ 1.28
Net income per common share-diluted $ 0.37 $ 0.48 $ 1.65 $ 1.28
Weighted-average common shares outstanding-basic 123,238 119,622 122,200 119,180
Weighted-average common and common equivalent shares outstanding-diluted 123,958 120,019 122,689 119,456
Net income attributable to Raymond James Financial, Inc. 46,786 60,687 209,426 159,218
Other comprehensive income, net of tax:        
Change in unrealized (loss) gain on available for sale securities and non-credit portion of other-than-temporary impairment losses (26) [2] 5,965 [2] 6,895 [2] 24,259 [2]
Change in currency translations 998 [2] (7,516) [2] 10,205 [2] (21) [2]
Total comprehensive income 47,758 59,136 226,526 183,456
Other-than-temporary impairment:        
Total other-than-temporary impairment, net (2,680) (2,264) (4,064) (19,642)
Portion of (recoveries) losses recognized in other comprehensive income (before taxes) 425 (251) (3,589) 11,689
Net impairment losses recognized in other revenue $ (2,255) $ (2,515) $ (7,653) $ (7,953)
[1] No individual client accounted for more than ten percent of total revenues.
[2] The components of other comprehensive income, net of tax are attributable to Raymond James Financial, Inc. None of the components of other comprehensive income are attributable to noncontrolling interests.