TFSL FY 2020 Earnings Report — TFS Financial Corporation Revenue & Financial Results | Market Cap Arena

TFS Financial CorporationTFSL

FY 2020 Earnings

Reported November 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$509M	—	$503M	—	1.2%
Op. Income	$100M	—	$102M	—	-1.9%
Gross Margin	57.5%	—	58.9%	—	-1.4pp
Net Margin	16.4%	—	16.0%	—	0.4pp
EPS (Diluted)	$0.30	—	$0.28	—	7.1%
Free Cash Flow	$119M	—	$99M	—	19.5%

Revenue Flow

Item	Amount
REVENUE	$509M
Cost of Revenue	$216M
GROSS PROFIT	$293M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$115M
SG&A Expenses	$131M
Other Expenses	$61M
Operating Expenses	$192M
Cost & Expenses	$408M
OPERATING INCOME	$100M
Interest Income	$455M
Interest Expense	$213M
Other Income/Expenses	$0
INCOME BEFORE TAX	$100M
Income Tax Expense	$17M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$33M
EBIT	$100M
EBITDA	$133M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$509M
Cost of Revenue	$216M
GROSS PROFIT	$293M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$115M
SG&A Expenses	$131M
Other Expenses	$61M
Operating Expenses	$192M
Cost & Expenses	$408M
OPERATING INCOME	$100M
Interest Income	$455M
Interest Expense	$213M
Other Income/Expenses	$0
INCOME BEFORE TAX	$100M
Income Tax Expense	$17M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$33M
EBIT	$100M
EBITDA	$133M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$33M
Stock-Based Compensation	$12M
Deferred Income Tax	$22M
Other Non-Cash Items	-$35M
Change in Working Capital	$7M
OPERATING CASH FLOW	$122M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$171M
Sales/Maturities of Investments	$269M
Other Investing Activities	$54M
NET CASH FROM INVESTING	$148M
Net Debt Issuance	-$381M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$55M
Other Financing Activities	$393M
NET CASH FROM FINANCING	-$46M
FREE CASH FLOW	$119M
Net Change in Cash	$223M

Balance Sheet

Item	Amount
Cash & Equivalents	$498M
Short-Term Investments	$453M
Net Receivables	$37M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$988M
PP&E (Net)	$42M
Goodwill	$0
Intangible Assets	$8M
Long-Term Investments	$13.1B
Tax Assets	$0
Other Non-Current Assets	$465M
TOTAL NON-CURRENT ASSETS	$13.7B
TOTAL ASSETS	$14.6B
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9.2B
TOTAL CURRENT LIABILITIES	$9.3B
Long-Term Debt	$3.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$13.0B
Common Stock	$3M
Additional Paid-In Capital	$1.7B
Retained Earnings	$866M
Treasury Stock	-$768M
Accum. Other Comp. Income	-$132M
Other Equity	-$40M
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$14.6B
Total Debt	$3.6B
Net Debt	$3.1B