TFSL FY 2015 Earnings Report — TFS Financial Corporation Revenue & Financial Results | Market Cap Arena

TFS Financial CorporationTFSL

FY 2015 Earnings

Reported November 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$408M	—	$397M	—	2.8%
Op. Income	$109M	—	$99M	—	10.7%
Gross Margin	72.9%	—	69.2%	—	3.8pp
Net Margin	17.8%	—	16.6%	—	1.2pp
EPS (Diluted)	$0.25	—	$0.22	—	13.6%
Free Cash Flow	$97M	—	$101M	—	-4.1%

Revenue Flow

Item	Amount
REVENUE	$408M
Cost of Revenue	$110M
GROSS PROFIT	$297M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$107M
SG&A Expenses	$127M
Other Expenses	$61M
Operating Expenses	$188M
Cost & Expenses	$298M
OPERATING INCOME	$109M
Interest Income	$383M
Interest Expense	$113M
Other Income/Expenses	$0
INCOME BEFORE TAX	$109M
Income Tax Expense	$37M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$17M
EBIT	$109M
EBITDA	$127M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$408M
Cost of Revenue	$110M
GROSS PROFIT	$297M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$107M
SG&A Expenses	$127M
Other Expenses	$61M
Operating Expenses	$188M
Cost & Expenses	$298M
OPERATING INCOME	$109M
Interest Income	$383M
Interest Expense	$113M
Other Income/Expenses	$0
INCOME BEFORE TAX	$109M
Income Tax Expense	$37M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$17M
EBIT	$109M
EBITDA	$127M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$17M
Stock-Based Compensation	$14M
Deferred Income Tax	$9M
Other Non-Cash Items	-$13M
Change in Working Capital	$2M
OPERATING CASH FLOW	$102M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$171M
Sales/Maturities of Investments	$154M
Other Investing Activities	-$578M
NET CASH FROM INVESTING	-$600M
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$173M
Common Dividends Paid	-$19M
Other Financing Activities	-$366M
NET CASH FROM FINANCING	$472M
FREE CASH FLOW	$97M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$155M
Short-Term Investments	$585M
Net Receivables	$32M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$773M
PP&E (Net)	$57M
Goodwill	$0
Intangible Assets	$10M
Long-Term Investments	$11.2B
Tax Assets	$0
Other Non-Current Assets	$341M
TOTAL NON-CURRENT ASSETS	$11.6B
TOTAL ASSETS	$12.4B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8.3B
TOTAL CURRENT LIABILITIES	$8.3B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$86M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$10.6B
Common Stock	$3M
Additional Paid-In Capital	$1.7B
Retained Earnings	$642M
Treasury Stock	-$549M
Accum. Other Comp. Income	-$13M
Other Equity	-$62M
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$2.2B
Net Debt	$2.1B