TFSL FY 2017 Earnings Report — TFS Financial Corporation Revenue & Financial Results | Market Cap Arena

TFS Financial CorporationTFSL

FY 2017 Earnings

Reported November 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$429M	—	$413M	—	3.7%
Op. Income	$133M	—	$122M	—	9.0%
Gross Margin	73.6%	—	73.4%	—	0.2pp
Net Margin	20.7%	—	19.5%	—	1.2pp
EPS (Diluted)	$0.32	—	$0.28	—	14.3%
Free Cash Flow	$97M	—	$76M	—	28.0%

Revenue Flow

Item	Amount
REVENUE	$429M
Cost of Revenue	$113M
GROSS PROFIT	$316M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$105M
SG&A Expenses	$125M
Other Expenses	$58M
Operating Expenses	$182M
Cost & Expenses	$296M
OPERATING INCOME	$133M
Interest Income	$409M
Interest Expense	$130M
Other Income/Expenses	$0
INCOME BEFORE TAX	$133M
Income Tax Expense	$44M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$21M
EBIT	$133M
EBITDA	$154M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$429M
Cost of Revenue	$113M
GROSS PROFIT	$316M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$105M
SG&A Expenses	$125M
Other Expenses	$58M
Operating Expenses	$182M
Cost & Expenses	$296M
OPERATING INCOME	$133M
Interest Income	$409M
Interest Expense	$130M
Other Income/Expenses	$0
INCOME BEFORE TAX	$133M
Income Tax Expense	$44M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$21M
EBIT	$133M
EBITDA	$154M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$21M
Stock-Based Compensation	$11M
Deferred Income Tax	$4M
Other Non-Cash Items	-$21M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$101M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$184M
Sales/Maturities of Investments	$153M
Other Investing Activities	-$720M
NET CASH FROM INVESTING	-$755M
Net Debt Issuance	$953M
Common Stock Repurchased	-$54M
Common Dividends Paid	-$28M
Other Financing Activities	-$180M
NET CASH FROM FINANCING	$691M
FREE CASH FLOW	$97M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$268M
Short-Term Investments	$537M
Net Receivables	$35M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$841M
PP&E (Net)	$61M
Goodwill	$0
Intangible Assets	$8M
Long-Term Investments	$12.4B
Tax Assets	$0
Other Non-Current Assets	$362M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$13.7B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8.1B
TOTAL CURRENT LIABILITIES	$8.2B
Long-Term Debt	$3.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$100M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$12.0B
Common Stock	$3M
Additional Paid-In Capital	$1.7B
Retained Earnings	$760M
Treasury Stock	-$736M
Accum. Other Comp. Income	-$7M
Other Equity	-$53M
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$13.7B
Total Debt	$3.7B
Net Debt	$3.4B