ANNUAL REPORTRAYMOND JAMES

JAMES MOREYSECTION 001

What is Raymond James Investment Services?

The Chief Executive Officer for Raymond James is Paul Reilly.

Their Home location is 880 Carillon Parkway, St. Petersburg, Florida 33716

The Fiscal Year ended on September 30th

Raymond James Investment Services provide Financial investors who help their members invest in companies who have the highest probability of producing a profit which is then reflected in common stock.

They are located internationally as well as locally but their main operations are in the Central Florida Area.

Audit Report

The United States Securities and Exchange Commission audited Raymond James Investment Services.

Stock Market Information The current price per share is $24.96. Raymond James’ Current Annual Range:

52 week High: $32.89 52 Week Low: $10.77 In 2009 Raymond James’ dividend per

share was $1.29 I personally would buy stock from Raymond

James because they have a great deal of experience dealing with Financial investments so there will always be a profit.

Company Plans

Raymond James Investment Services has had a rough time with producing major profits due to the economic recession which has occurred, but they have held on and remained profitable in all four quarters of 2009.

http://www.raymondjames.com/annualreport/index.htm

Income Statement

Year Gross Profit( In 000’s)

Income From Operations (In 000’s)

Net Income( In 000’s)

2009 (June 30th) $293,354 $2,545,566 $152,750

2008 (June 30th) $774,777 $2,812,703 $235,078

Balance SheetFiscal Years Total

Stockholder’s Equity ( In 000’s)

Total Liabilities( In 000’s)

Total Assets(In 000’s)

2008 $2,121,227 $18,588,389 $20,709,616

2009 $2,233,139 $15,993,589 $18,226,728

Difference between:

$ -111,912 $ 2,594,800 $2,482,888

Statement Of Cash Flows

In 2009 Raymond James’ Net Income was less than its Cash Flow from operations, but in 2010 It was quite the opposite; the Net Income was more than the Cash Flow from Operations.

The company makes its profit through fees they acquire when the invest their client’s money.

Statement of Cash Flows The company’s cash

flow has decreased since 2008.

Raymond James is currently not expanding but they will expand in the future.

Accounting Policies

The Sales from Raymond James are shown underneath the Revenues portion since the company is a financial service company they don’t sell a certain product. This company makes a profit off of fees charged to clients and in turn Raymond James tries to turn a profit.

Notes

The Topics to note include, inventory, cash and cash equivalents, Accounts receivable, Goodwill, Investments, Revenue, Cost of Goods Sold, and Interest.

Financial Analysis and Liquidity ratios Working Capital

2009: $2,233,139

2008:$2,121,227

Current Ratio 2009: 1.139 2008: 1.114

Liquidity Ratios Continued…

Receivable Turnover 2009: 29.7 times 2008: 31.5 times

Average day’s Uncollected 2009: 12.72 days 2008: 11.59 days

Liquidity Ratios Continued…

Inventory Turnover 2009: 18.7 2008: 22.1

Average day’s Inventory on Hand 2009: 19.5 days 2008: 16.5 days

Profitability Ratios Profit Margin 2009: 7.6 % 2008: 9.9 %

Asset Turnover 2009: 10.99% 2008: 11.38%

Return On Assets 2009: 0.84% 2008: 1.14%

Return On Equity 2009: 7.9% 2008:13%

Solvency Ratios

Debt to Equity 2009: 7.162% 2008: 8.76%

Market Strength Ratios Price Earnings Per

Share $ 1.29

Dividend Yield Did not state the

dividend yield.

Executive Summary

After analyzing the company’s data I can see that overall the year was not as profitable as the past years but the company is expected to make improvement in years to follow.

2009Annual Report Link http://www.sec.gov/Archives/edgar/data/

720005/000072000509000080/k10093009.htm