WAFD FY 2010 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported November 16, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$784M	—	$694M	—	12.9%
Op. Income	$123M	—	$76M	—	62.4%
Gross Margin	42.7%	—	26.3%	—	16.4pp
Net Margin	15.1%	—	6.9%	—	8.2pp
EPS (Diluted)	$1.05	—	$0.46	—	128.3%
Free Cash Flow	$238M	—	$179M	—	32.9%

Revenue Flow

Item	Amount
REVENUE	$784M
Cost of Revenue	$449M
GROSS PROFIT	$335M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$89M
SG&A Expenses	$89M
Other Expenses	$123M
Operating Expenses	$212M
Cost & Expenses	$661M
OPERATING INCOME	$123M
Interest Income	$664M
Interest Expense	$269M
Other Income/Expenses	$0
INCOME BEFORE TAX	$123M
Income Tax Expense	$4M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$6M
EBIT	$123M
EBITDA	$129M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$784M
Cost of Revenue	$449M
GROSS PROFIT	$335M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$89M
SG&A Expenses	$89M
Other Expenses	$123M
Operating Expenses	$212M
Cost & Expenses	$661M
OPERATING INCOME	$123M
Interest Income	$664M
Interest Expense	$269M
Other Income/Expenses	$0
INCOME BEFORE TAX	$123M
Income Tax Expense	$4M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$6M
EBIT	$123M
EBITDA	$129M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$6M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	$267M
Change in Working Capital	-$141M
OPERATING CASH FLOW	$251M
Capital Expenditure	-$13M
Acquisitions (Net)	$112M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	$411M
NET CASH FROM INVESTING	$307M
Net Debt Issuance	-$339M
Common Stock Repurchased	$0
Common Dividends Paid	-$22M
Other Financing Activities	$192M
NET CASH FROM FINANCING	-$168M
FREE CASH FLOW	$238M
Net Change in Cash	$390M

Balance Sheet

Item	Amount
Cash & Equivalents	$889M
Short-Term Investments	$0
Net Receivables	$49M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$938M
PP&E (Net)	$163M
Goodwill	$0
Intangible Assets	$258M
Long-Term Investments	$11.8B
Tax Assets	$8M
Other Non-Current Assets	$368M
TOTAL NON-CURRENT ASSETS	$12.5B
TOTAL ASSETS	$13.5B
Account Payables	$0
Short-Term Debt	$800M
Deferred Revenue	$0
Other Current Liabilities	$8.9B
TOTAL CURRENT LIABILITIES	$9.7B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$11.6B
Common Stock	$130M
Additional Paid-In Capital	$1.6B
Retained Earnings	$292M
Treasury Stock	-$209M
Accum. Other Comp. Income	$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$2.7B
Net Debt	$1.8B