TD Q3 2021 Earnings Report — The Toronto-Dominion Bank Revenue & Financial Results | Market Cap Arena

The Toronto-Dominion BankTD

Q3 2021 Earnings

Reported August 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$8.7B	$8.4B	—	3.4%	—
Op. Income	$3.1B	$3.2B	—	-3.1%	—
Gross Margin	89.4%	91.2%	—	-1.8pp	—
Net Margin	29.8%	32.1%	—	-2.3pp	—
EPS (Diluted)	$1.40	$1.45	—	-3.5%	—
Free Cash Flow	$2.0B	-$9.4B	—	121.4%	—

Revenue Flow

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$924M
GROSS PROFIT	$7.8B
R&D Expenses	$0
Selling & Marketing	$209M
General & Administrative	$2.8B
SG&A Expenses	$3.0B
Other Expenses	$1.6B
Operating Expenses	$4.6B
Cost & Expenses	$5.6B
OPERATING INCOME	$3.1B
Interest Income	$5.3B
Interest Expense	$951M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$674M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$124M
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$343M
EBIT	$3.1B
EBITDA	$3.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$924M
GROSS PROFIT	$7.8B
R&D Expenses	$0
Selling & Marketing	$209M
General & Administrative	$2.8B
SG&A Expenses	$3.0B
Other Expenses	$1.6B
Operating Expenses	$4.6B
Cost & Expenses	$5.6B
OPERATING INCOME	$3.1B
Interest Income	$5.3B
Interest Expense	$951M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$674M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$124M
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$343M
EBIT	$3.1B
EBITDA	$3.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$343M
Stock-Based Compensation	$0
Deferred Income Tax	-$151M
Other Non-Cash Items	-$173M
Change in Working Capital	-$386M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$209M
Acquisitions (Net)	-$1.4B
Purchases of Investments	-$38.5B
Sales/Maturities of Investments	$20.8B
Other Investing Activities	$16.0B
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	-$121M
Common Stock Repurchased	-$1.9B
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$2.0B
Net Change in Cash	$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$126.7B
Short-Term Investments	$60.5B
Net Receivables	$26.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$214.9B
PP&E (Net)	$6.8B
Goodwill	$11.9B
Intangible Assets	$1.6B
Long-Term Investments	$780.2B
Tax Assets	$1.5B
Other Non-Current Assets	$232.7B
TOTAL NON-CURRENT ASSETS	$1.0T
TOTAL ASSETS	$1.2T
Account Payables	$22.3B
Short-Term Debt	$204.8B
Deferred Revenue	$0
Other Current Liabilities	$783.3B
TOTAL CURRENT LIABILITIES	$1.0T
Long-Term Debt	$88.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$190M
Other Non-Current Liabilities	$65.9B
TOTAL NON-CURRENT LIABILITIES	$158.6B
TOTAL LIABILITIES	$1.2T
Common Stock	$16.8B
Additional Paid-In Capital	$91M
Retained Earnings	$44.7B
Treasury Stock	-$142M
Accum. Other Comp. Income	$6.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$73.0B
Minority Interest	$0
TOTAL EQUITY	$73.0B
TOTAL LIABILITIES & EQUITY	$1.2T
Total Debt	$297.4B
Net Debt	$170.7B