XML 25 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net income $ 818 $ 1,034 $ 857
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 119 112 99
Deferred income taxes (39) (23) 117
Premium and discount amortization on available-for-sale securities and loss on other investments 57 14 21
Provisions for loan losses, legal and regulatory proceedings and bad debts 257 59 55
Share-based compensation expense 120 112 99
Unrealized gain on company-owned life insurance policies, net of expenses (46) (10) (32)
Goodwill impairment 0 19 0
Other 92 51 17
Net change in:      
Collateralized agreements, net of collateralized financings (55) (101) (83)
Loans provided to financial advisors, net of repayments (49) (79) (87)
Brokerage client receivables and other accounts receivable, net 127 682 (491)
Trading instruments, net 150 41 (143)
Derivative instruments, net (51) (144) 73
Other assets (13) (71) 0
Brokerage client payables and other accounts payable 2,486 (1,231) 346
Accrued compensation, commissions and benefits 70 80 132
Purchases and originations of loans held for sale, net of proceeds from sales of securitizations and loans held for sale 11 32 (96)
Net cash provided by operating activities 4,054 577 884
Cash flows from investing activities:      
Additions to property and equipment (124) (138) (134)
Increase in bank loans, net (1,136) (1,605) (2,818)
Proceeds from sales of loans held for investment 634 235 193
Purchases of available-for-sale securities (5,710) (1,027) (1,124)
Available-for-sale securities maturations, repayments and redemptions 1,188 644 495
Proceeds from sales of available-for-sale securities 222 0 45
Business acquisitions, net of cash acquired (5) (5) (159)
Other investing activities, net (54) (1) 26
Net cash used in investing activities (4,985) (1,897) (3,476)
Cash flows from financing activities:      
Repayments of short-term borrowings, net 0 0 (610)
Proceeds from senior notes issuances, net of debt issuance costs paid 494 0 0
Acquisition-related contingent consideration paid, net 0 0 (7)
Exercise of stock options and employee stock purchases 62 65 63
Increase in bank deposits 4,520 2,339 2,210
Purchases of treasury stock (272) (778) (62)
Dividends on common stock (205) (191) (151)
Acquisitions of and distributions to noncontrolling interests, net (1) (57) (18)
Net cash provided by/(used in) financing activities 4,593 1,373 1,420
Currency adjustment:      
Effect of exchange rate changes on cash 1 (23) (33)
Net increase/(decrease) in cash and cash equivalents and cash and cash equivalents segregated pursuant to regulations 3,663 30 (1,205)
Cash and cash equivalents and cash and cash equivalents segregated pursuant to regulations at beginning of year 5,971 5,941 7,146
Cash and cash equivalents and cash and cash equivalents segregated pursuant to regulations at end of year 9,634 5,971 5,941
Cash and cash equivalents 5,390 3,957 3,500
Cash and cash equivalents segregated pursuant to regulations 4,244 2,014 2,441
Supplemental disclosures of cash flow information:      
Cash paid for interest 164 283 201
Cash paid for income taxes, net 246 390 231
RJF Credit Facility      
Cash flows from financing activities:      
Proceeds from borrowings on the RJF Credit Facility 0 300 300
Repayment of borrowings on the RJF Credit Facility 0 (300) (300)
Federal Home Loan Bank Advances      
Cash flows from financing activities:      
Proceeds from Federal Home Loan Bank advances 850 850 850
Repayments of Federal Home Loan Bank advances and other borrowed funds $ (855) $ (855) $ (855)