Raymond James Financial, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.14B | $2.07B | $1.74B | $1.51B | $1.40B | $818.0M | $1.03B | $857.0M |
| Depreciation & Amortization | $195.0M | $179.0M | $165.0M | $145.0M | $134.0M | $119.0M | $97.0M | $85.0M |
| Depreciation | $68.0M | $58.0M | $51.0M | — | — | — | — | — |
| Amortization | $41.0M | $44.0M | $45.0M | $33.0M | $21.0M | $13.0M | $15.0M | $14.0M |
| Stock-Based Compensation | $254.0M | $254.0M | $237.0M | $192.0M | $132.0M | $120.0M | $112.0M | $99.0M |
| Net Cash from Operating Activities | $2.43B | $2.16B | $-3.51B | $72.0M | $6.65B | $4.07B | $577.0M | $884.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $188.0M | $205.0M | $173.0M | $91.0M | $74.0M | $124.0M | $138.0M | $134.0M |
| Business Acquisitions | — | $0 | $0 | $-1.46B | $266.0M | $5.0M | $5.0M | $159.0M |
| Net Cash from Investing Activities | $-4.32B | $-968.0M | $-274.0M | $-7.15B | $-5.14B | $-4.99B | $-1.90B | $-3.48B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | $218.0M | $205.0M | $191.0M | $151.0M |
| Stock Repurchases | — | — | — | — | $128.0M | $272.0M | $778.0M | $62.0M |
| Net Cash from Financing Activities | $2.36B | $438.0M | $1.44B | $5.88B | $5.23B | $4.57B | $1.37B | $1.42B |
| Net Change in Cash | $439.0M | $1.80B | $-2.11B | $-1.79B | $6.82B | $3.66B | $30.0M | $-169.4M |
| Free Cash Flow | $2.25B | $1.95B | $-3.69B | $-19.0M | $6.57B | $3.95B | $439.0M | $750.0M |