Investor Presentaiton
Footnotes
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(1) Excludes non-controlling interests.
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The six months ended March 31, 2022 included expenses in our Other segment associated with our acquisition of Charles Stanley Group PLC ("Charles Stanley"), which was completed in January 2022,
our announced acquisitions of TriState Capital Holdings, Inc. ("TriState") and SumRidge Partners, LLC ("Sum Ridge"). The six months ended March 31, 2021 included expenses in our Other segment
associated with our acquisitions of NWPS Holdings, Inc. ("NWPS") and its wholly-owned subsidiaries, and Financo, LLC ("Financo"), which were completed in fiscal 2021. The twelve months ended
September 30, 2021 included expenses in our Other segment associated with our acquisitions of NWPS, Financo, and Cebile Capital, which were completed in fiscal 2021, Charles Stanley, and our
announced acquisition of TriState. The twelve months ended September 30, 2021 also included amortization expense in our Capital Markets segment related to intangible assets with short useful lives
associated with our Financo and Cebile Capital acquisitions for fiscal 2021. The twelve months ended September 30, 2020 included a $7 million loss in our Capital Markets segment related to the sale of
our interests in certain entities that operated predominantly in France. The twelve months ended September 30, 2019 included a $15 million loss in our Capital Markets segment on the sale of our
operations related to research, sales and trading of European equities. The twelve months ended September 30, 2018 and September 30, 2017 included expenses associated with our acquisition of
Scout Investments and its Reams Asset Management division. The twelve months ended September 30, 2016 included expenses associated with our acquisitions of the U.S. Private Client Services unit
of Deutsche Bank Wealth Management, MacDougall, MacDougall & MacTier, Inc., and Mummert & Company Corporate Finance GmbH.
Losses on extinguishment of debt include a make-whole premium and the acceleration of unamortized debt issuance costs associated with the early extinguishment of our 8.60% Senior Notes due 2019
(September 2017) and 6.90% Senior Notes due 2042 (March 2017), respectively.
Other expenses included legal expenses associated with the Jay Peak settlement. For further information see our Annual Report on Form 10-K for the year ended September 30, 2017 (available at
www.sec.gov).
Reduction in workforce expenses for the twelve months ended September 30, 2020 are associated with position eliminations that occurred in our fiscal fourth quarter of 2020 in response to the economic
environment. These expenses primarily consist of severance and related payroll expenses, as well as expenses related to company-paid benefits. These expenses are included in our Other segment.
The twelve months ended September 30, 2019 included a $19 million goodwill impairment charge associated with our Canadian Capital Markets business.
The impact of the Tax Act includes the remeasurement of U.S. deferred tax assets at the lower enacted corporate tax rate and, to a lesser extent, a one-time transition tax on deemed repatriated earnings
of foreign subsidiaries.
Pre-tax margin is computed by dividing pre-tax income by net revenues for each respective period or, in the case of adjusted pre-tax margin, computed by dividing adjusted pre-tax income by net
revenues for each respective period.
Earnings per common share is computed by dividing net income (less allocation of earnings and dividends to participating securities) by weighted-average common shares outstanding (basic or diluted
as applicable) for each respective period or, in the case of adjusted earnings per share, computed by dividing adjusted net income (less allocation of earnings and dividends to participating securities) by
weighted-average common shares outstanding (basic or diluted as applicable) for each respective period.
During our fourth fiscal quarter of 2021 the Board of Directors approved a 3-for-2 stock split, effected in the form of a 50% stock dividend, paid on September 21, 2021. All share and per share information
has been retroactively adjusted to reflect this stock split.
RAYMOND JAMESView entire presentation