TD Q1 2022 Earnings Report — The Toronto-Dominion Bank Revenue & Financial Results | Market Cap Arena

The Toronto-Dominion BankTD

Q1 2022 Earnings

Reported March 3, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$9.1B	—	$9.0B	—	0.8%
Op. Income	$3.3B	—	$2.9B	—	14.0%
Gross Margin	89.6%	—	84.6%	—	5.0pp
Net Margin	30.1%	—	26.7%	—	3.5pp
EPS (Diluted)	$1.48	—	$1.29	—	14.1%
Free Cash Flow	$20.8B	—	$33.1B	—	-37.4%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$944M
GROSS PROFIT	$8.1B
R&D Expenses	$0
Selling & Marketing	$210M
General & Administrative	$2.9B
SG&A Expenses	$3.2B
Other Expenses	$1.7B
Operating Expenses	$4.8B
Cost & Expenses	$5.8B
OPERATING INCOME	$3.3B
Interest Income	$5.5B
Interest Expense	$892M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$719M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$169M
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$318M
EBIT	$3.3B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$944M
GROSS PROFIT	$8.1B
R&D Expenses	$0
Selling & Marketing	$210M
General & Administrative	$2.9B
SG&A Expenses	$3.2B
Other Expenses	$1.7B
Operating Expenses	$4.8B
Cost & Expenses	$5.8B
OPERATING INCOME	$3.3B
Interest Income	$5.5B
Interest Expense	$892M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$719M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$169M
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$318M
EBIT	$3.3B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$318M
Stock-Based Compensation	$0
Deferred Income Tax	$102M
Other Non-Cash Items	-$124M
Change in Working Capital	$18.0B
OPERATING CASH FLOW	$21.0B
Capital Expenditure	-$243M
Acquisitions (Net)	$0
Purchases of Investments	-$34.7B
Sales/Maturities of Investments	$20.3B
Other Investing Activities	-$2.2B
NET CASH FROM INVESTING	-$16.8B
Net Debt Issuance	-$94M
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$2.2B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$3.5B
FREE CASH FLOW	$20.8B
Net Change in Cash	$782M

Balance Sheet

Item	Amount
Cash & Equivalents	$125.8B
Short-Term Investments	$54.0B
Net Receivables	$29.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$210.3B
PP&E (Net)	$6.8B
Goodwill	$12.1B
Intangible Assets	$1.6B
Long-Term Investments	$833.0B
Tax Assets	$1.6B
Other Non-Current Assets	$238.9B
TOTAL NON-CURRENT ASSETS	$1.1T
TOTAL ASSETS	$1.3T
Account Payables	$23.9B
Short-Term Debt	$223.6B
Deferred Revenue	$0
Other Current Liabilities	$817.8B
TOTAL CURRENT LIABILITIES	$1.1T
Long-Term Debt	$89.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$164M
Other Non-Current Liabilities	$63.8B
TOTAL NON-CURRENT LIABILITIES	$157.8B
TOTAL LIABILITIES	$1.2T
Common Stock	$16.9B
Additional Paid-In Capital	$108M
Retained Earnings	$48.0B
Treasury Stock	-$142M
Accum. Other Comp. Income	$5.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$74.5B
Minority Interest	$0
TOTAL EQUITY	$74.5B
TOTAL LIABILITIES & EQUITY	$1.3T
Total Debt	$317.5B
Net Debt	$191.6B