TFSL FY 2012 Earnings Report — TFS Financial Corporation Revenue & Financial Results | Market Cap Arena

TFS Financial CorporationTFSL

FY 2012 Earnings

Reported November 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$442M	—	$458M	—	-3.5%
Op. Income	$14M	—	$12M	—	12.7%
Gross Margin	41.8%	—	39.3%	—	2.5pp
Net Margin	2.6%	—	2.0%	—	0.6pp
EPS (Diluted)	$0.04	—	$0.03	—	33.3%
Free Cash Flow	$148M	—	$133M	—	11.5%

Revenue Flow

Item	Amount
REVENUE	$442M
Cost of Revenue	$258M
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$94M
SG&A Expenses	$104M
Other Expenses	$67M
Operating Expenses	$171M
Cost & Expenses	$429M
OPERATING INCOME	$14M
Interest Income	$418M
Interest Expense	$156M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$2M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$23M
EBIT	$14M
EBITDA	$36M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$442M
Cost of Revenue	$258M
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$94M
SG&A Expenses	$104M
Other Expenses	$67M
Operating Expenses	$171M
Cost & Expenses	$429M
OPERATING INCOME	$14M
Interest Income	$418M
Interest Expense	$156M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$2M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$23M
EBIT	$14M
EBITDA	$36M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$23M
Stock-Based Compensation	$11M
Deferred Income Tax	-$19M
Other Non-Cash Items	$114M
Change in Working Capital	$15M
OPERATING CASH FLOW	$156M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$228M
Sales/Maturities of Investments	$214M
Other Investing Activities	-$720M
NET CASH FROM INVESTING	-$741M
Net Debt Issuance	$348M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$251M
NET CASH FROM FINANCING	$599M
FREE CASH FLOW	$148M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$308M
Short-Term Investments	$421M
Net Receivables	$35M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$765M
PP&E (Net)	$61M
Goodwill	$0
Intangible Assets	$20M
Long-Term Investments	$10.3B
Tax Assets	$0
Other Non-Current Assets	$323M
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$11.5B
Account Payables	$680.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9.0B
TOTAL CURRENT LIABILITIES	$9.0B
Long-Term Debt	$616M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$68M
TOTAL NON-CURRENT LIABILITIES	$684M
TOTAL LIABILITIES	$9.7B
Common Stock	$3M
Additional Paid-In Capital	$1.7B
Retained Earnings	$473M
Treasury Stock	-$281M
Accum. Other Comp. Income	-$6M
Other Equity	-$75M
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$11.5B
Total Debt	$616M
Net Debt	$307M