TFSL FY 2016 Earnings Report — TFS Financial Corporation Revenue & Financial Results | Market Cap Arena

TFS Financial CorporationTFSL

FY 2016 Earnings

Reported November 23, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$413M	—	$408M	—	1.4%
Op. Income	$122M	—	$109M	—	11.9%
Gross Margin	73.4%	—	72.9%	—	0.4pp
Net Margin	19.5%	—	17.8%	—	1.7pp
EPS (Diluted)	$0.28	—	$0.25	—	12.0%
Free Cash Flow	$76M	—	$97M	—	-21.5%

Revenue Flow

Item	Amount
REVENUE	$413M
Cost of Revenue	$110M
GROSS PROFIT	$303M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$107M
SG&A Expenses	$124M
Other Expenses	$58M
Operating Expenses	$181M
Cost & Expenses	$291M
OPERATING INCOME	$122M
Interest Income	$388M
Interest Expense	$118M
Other Income/Expenses	$0
INCOME BEFORE TAX	$122M
Income Tax Expense	$42M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$19M
EBIT	$122M
EBITDA	$142M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$413M
Cost of Revenue	$110M
GROSS PROFIT	$303M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$107M
SG&A Expenses	$124M
Other Expenses	$58M
Operating Expenses	$181M
Cost & Expenses	$291M
OPERATING INCOME	$122M
Interest Income	$388M
Interest Expense	$118M
Other Income/Expenses	$0
INCOME BEFORE TAX	$122M
Income Tax Expense	$42M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$19M
EBIT	$122M
EBITDA	$142M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$81M
Depreciation & Amortization	$19M
Stock-Based Compensation	$13M
Deferred Income Tax	$11M
Other Non-Cash Items	-$22M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$85M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$95M
Sales/Maturities of Investments	$155M
Other Investing Activities	-$505M
NET CASH FROM INVESTING	-$454M
Net Debt Issuance	$550M
Common Stock Repurchased	-$128M
Common Dividends Paid	-$23M
Other Financing Activities	$47M
NET CASH FROM FINANCING	$445M
FREE CASH FLOW	$76M
Net Change in Cash	$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$231M
Short-Term Investments	$518M
Net Receivables	$33M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$782M
PP&E (Net)	$61M
Goodwill	$0
Intangible Assets	$9M
Long-Term Investments	$11.7B
Tax Assets	$0
Other Non-Current Assets	$341M
TOTAL NON-CURRENT ASSETS	$12.1B
TOTAL ASSETS	$12.9B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8.3B
TOTAL CURRENT LIABILITIES	$8.4B
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$11.3B
Common Stock	$3M
Additional Paid-In Capital	$1.7B
Retained Earnings	$699M
Treasury Stock	-$682M
Accum. Other Comp. Income	-$20M
Other Equity	-$57M
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$2.8B
Net Debt	$2.5B