|
Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified
|
12 Months Ended |
|
Oct. 31, 2012
|
Oct. 31, 2011
|
Oct. 31, 2010
|
| Revenue: |
|
|
|
| Investment advisory and administrative fees |
$ 988,058 |
$ 996,222 |
$ 867,683 |
| Distribution and underwriter fees |
89,410 |
102,979 |
103,995 |
| Service fees |
126,345 |
144,530 |
139,741 |
| Other revenue |
5,223 |
4,875 |
4,541 |
| Total revenue |
1,209,036 |
1,248,606 |
1,115,960 |
| Expenses: |
|
|
|
| Compensation and related costs |
385,395 |
369,927 |
348,897 |
| Distribution expense |
130,914 |
132,664 |
126,064 |
| Service fee expense |
113,485 |
124,517 |
116,900 |
| Amortization of deferred sales commissions |
20,441 |
35,773 |
35,533 |
| Fund expenses |
27,375 |
25,295 |
20,455 |
| Other expenses |
138,434 |
134,198 |
120,530 |
| Total expenses |
816,044 |
822,374 |
768,379 |
| Operating income |
392,992 |
426,232 |
347,581 |
| Non-operating income (expense): |
|
|
|
| Gains and other investment income, net |
18,417 |
19,408 |
13,046 |
| Interest expense |
(33,930) |
(33,652) |
(33,666) |
| Other income (expense) of consolidated CLO entity: |
|
|
|
| Gains (losses) and other investment income, net |
44,706 |
(17,037) |
0 |
| Interest expense |
(18,447) |
(13,575) |
0 |
| Total non-operating income (expense) |
10,746 |
(44,856) |
(20,620) |
| Income before income taxes and equity in net income of affiliates |
403,738 |
381,376 |
326,961 |
| Income taxes |
(142,385) |
(156,844) |
(126,263) |
| Equity in net income of affiliates, net of tax |
3,415 |
3,042 |
527 |
| Net income |
264,768 |
227,574 |
201,225 |
| Net income attributable to non-controlling and other beneficial interests |
(61,303) |
(12,672) |
(26,927) |
| Net income attributable to Eaton Vance Corp. shareholders |
$ 203,465 |
$ 214,902 |
$ 174,298 |
| Earnings per share: |
|
|
|
| Basic |
$ 1.76 |
$ 1.82 |
$ 1.47 |
| Diluted |
$ 1.72 |
$ 1.75 |
$ 1.40 |
| Weighted average shares outstanding: |
|
|
|
| Basic |
112,359 |
115,326 |
116,444 |
| Diluted |
115,126 |
119,975 |
122,632 |
| Dividends declared per share |
$ 0.77 |
$ 0.73 |
$ 0.66 |