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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 609,000,000 $ 769,000,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88,000,000 81,000,000
Deferred income taxes (13,000,000) (22,000,000)
Premium and discount amortization on available-for-sale securities and loss on other investments 53,000,000 14,000,000
Provisions for loan losses, legal and regulatory proceedings and bad debts 209,000,000 45,000,000
Share-based compensation expense 97,000,000 88,000,000
Unrealized gain on company-owned life insurance policies, net of expenses (10,000,000) (9,000,000)
Other 4,000,000 31,000,000
Net change in:    
Securities purchased under agreements to resell, net of securities sold under agreements to repurchase 226,000,000 (61,000,000)
Securities loaned, net of securities borrowed (287,000,000) (44,000,000)
Loans provided to financial advisors, net of repayments (23,000,000) (28,000,000)
Brokerage client receivables and other accounts receivable, net 126,000,000 679,000,000
Trading instruments, net 216,000,000 (52,000,000)
Derivative instruments, net (68,000,000) (137,000,000)
Other assets (64,000,000) (83,000,000)
Brokerage client payables and other accounts payable 1,621,000,000 (1,300,000,000)
Accrued compensation, commissions and benefits (161,000,000) (99,000,000)
Proceeds from sales of securitizations and loans held for sale, net of purchases and originations of loans held for sale 32,000,000 27,000,000
Net cash provided by/(used in) operating activities 2,655,000,000 (101,000,000)
Cash flows from investing activities:    
Additions to property and equipment (97,000,000) (102,000,000)
Increase in bank loans, net (978,000,000) (1,226,000,000)
Proceeds from sales of loans held for investment 272,000,000 210,000,000
Purchases of available-for-sale securities (3,147,000,000) (689,000,000)
Available-for-sale securities maturations, repayments and redemptions 744,000,000 456,000,000
Proceeds from sales of available-for-sale securities 222,000,000 0
Business acquisition, net of cash acquired (5,000,000) (5,000,000)
Other investing activities, net (31,000,000) (30,000,000)
Net cash used in investing activities (3,020,000,000) (1,386,000,000)
Cash flows from financing activities:    
Proceeds from short-term borrowings, net 0 50,000,000
Proceeds from senior notes issuances, net of debt issuance costs paid 494,000,000 0
Exercise of stock options and employee stock purchases 55,000,000 53,000,000
Increase in bank deposits 3,091,000,000 2,224,000,000
Purchases of treasury stock (222,000,000) (616,000,000)
Dividends on common stock (154,000,000) (143,000,000)
Acquisitions of and distributions to noncontrolling interests, net (2,000,000) (54,000,000)
Net cash provided by financing activities 3,258,000,000 1,510,000,000
Currency adjustment:    
Effect of exchange rate changes on cash (27,000,000) (12,000,000)
Net increase in cash and cash equivalents and cash and cash equivalents segregated pursuant to regulations 2,866,000,000 11,000,000
Cash, cash equivalents, and cash segregated pursuant to regulations at beginning of year 5,971,000,000 5,941,000,000
Cash and cash equivalents and cash and cash equivalents segregated pursuant to regulations at end of period 8,837,000,000 5,952,000,000
Cash and cash equivalents 5,632,000,000 3,596,000,000
Cash and cash equivalents segregated pursuant to regulations 3,205,000,000 2,356,000,000
Supplemental disclosures of cash flow information:    
Cash paid for interest 118,000,000 208,000,000
Cash paid for income taxes, net 202,000,000 295,000,000
RJF Credit Facility    
Cash flows from financing activities:    
Proceeds from borrowings on the RJF Credit Facility 0 300,000,000
Repayments of borrowings on the RJF Credit Facility 0 (300,000,000)
FHLB advances    
Cash flows from financing activities:    
Proceeds from Federal Home Loan Bank advances 850,000,000 850,000,000
Repayments of Federal Home Loan Bank advances and other borrowed funds $ (854,000,000) $ (854,000,000)