|
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Apr. 30, 2013
|
Apr. 30, 2012
|
Apr. 30, 2013
|
Apr. 30, 2012
|
|
| Revenue: | ||||
| Investment advisory and administrative fees | $ 276,921 | $ 248,888 | $ 540,202 | $ 488,340 |
| Distribution and underwriter fees | 22,165 | 22,551 | 44,916 | 45,066 |
| Service fees | 31,132 | 32,065 | 62,262 | 64,364 |
| Other revenue | 1,474 | 1,266 | 2,829 | 2,606 |
| Total revenue | 331,692 | 304,770 | 650,209 | 600,376 |
| Expenses: | ||||
| Compensation and related costs | 110,012 | 97,566 | 218,841 | 194,249 |
| Distribution expense | 35,304 | 32,960 | 69,193 | 65,288 |
| Service fee expense | 29,211 | 28,088 | 57,475 | 56,761 |
| Amortization of deferred sales commissions | 4,752 | 5,533 | 9,535 | 11,353 |
| Fund-related expenses | 8,074 | 6,590 | 15,498 | 13,241 |
| Other expenses | 36,269 | 35,222 | 70,917 | 67,853 |
| Total expenses | 223,622 | 205,959 | 441,459 | 408,745 |
| Operating income | 108,070 | 98,811 | 208,750 | 191,631 |
| Non-operating income (expense): | ||||
| Gains and other investment income, net | 5,043 | 2,796 | 10,250 | 10,973 |
| Interest expense | (8,572) | (8,412) | (17,142) | (16,825) |
| Other income (expense) of consolidated CLO entity: | ||||
| Gains and other investment income, net | 4,384 | 8,895 | 6,177 | 19,175 |
| Interest expense | (3,051) | (4,134) | (7,272) | (8,445) |
| Total non-operating (expense) income | (2,196) | (855) | (7,987) | 4,878 |
| Income before income taxes and equity in net income (loss) of affiliates | 105,874 | 97,956 | 200,763 | 196,509 |
| Income taxes | (38,194) | (35,164) | (74,133) | (70,351) |
| Equity in net income (loss) of affiliates, net of tax | 3,440 | (22) | 6,617 | 1,482 |
| Net income | 71,120 | 62,770 | 133,247 | 127,640 |
| Net income attributable to non-controlling and other beneficial interests | (7,439) | (9,900) | (19,761) | (27,499) |
| Net income attributable to Eaton Vance Corp. shareholders | $ 63,681 | $ 52,870 | $ 113,486 | $ 100,141 |
| Earnings per share: | ||||
| Basic | $ 0.53 | $ 0.46 | $ 0.93 | $ 0.87 |
| Diluted | $ 0.50 | $ 0.44 | $ 0.89 | $ 0.84 |
| Weighted average shares outstanding: | ||||
| Basic | 117,102 | 112,418 | 115,900 | 112,541 |
| Diluted | 123,330 | 115,881 | 121,235 | 115,324 |
| Dividends declared per share | $ 0.20 | $ 0.19 | $ 1.40 | $ 0.38 |