WAFD FY 2014 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported November 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$562M	—	$538M	—	4.3%
Op. Income	$245M	—	$235M	—	4.4%
Gross Margin	79.9%	—	74.5%	—	5.5pp
Net Margin	28.0%	—	28.1%	—	-0.1pp
EPS (Diluted)	$1.55	—	$1.45	—	6.9%
Free Cash Flow	$122M	—	$152M	—	-19.9%

Revenue Flow

Item	Amount
REVENUE	$562M
Cost of Revenue	$113M
GROSS PROFIT	$449M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$121M
SG&A Expenses	$121M
Other Expenses	$83M
Operating Expenses	$204M
Cost & Expenses	$317M
OPERATING INCOME	$245M
Interest Income	$534M
Interest Expense	$128M
Other Income/Expenses	$0
INCOME BEFORE TAX	$245M
Income Tax Expense	$88M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$17M
EBIT	$245M
EBITDA	$262M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$562M
Cost of Revenue	$113M
GROSS PROFIT	$449M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$121M
SG&A Expenses	$121M
Other Expenses	$83M
Operating Expenses	$204M
Cost & Expenses	$317M
OPERATING INCOME	$245M
Interest Income	$534M
Interest Expense	$128M
Other Income/Expenses	$0
INCOME BEFORE TAX	$245M
Income Tax Expense	$88M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$17M
EBIT	$245M
EBITDA	$262M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$157M
Depreciation & Amortization	$17M
Stock-Based Compensation	$324.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$15M
Change in Working Capital	$14M
OPERATING CASH FLOW	$174M
Capital Expenditure	-$52M
Acquisitions (Net)	$1.8B
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$713M
Other Investing Activities	-$376M
NET CASH FROM INVESTING	$781M
Net Debt Issuance	$0
Common Stock Repurchased	-$104M
Common Dividends Paid	-$42M
Other Financing Activities	-$230M
NET CASH FROM FINANCING	-$376M
FREE CASH FLOW	$122M
Net Change in Cash	$578M

Balance Sheet

Item	Amount
Cash & Equivalents	$782M
Short-Term Investments	$3.0B
Net Receivables	$69M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$258M
Goodwill	$292M
Intangible Assets	$11M
Long-Term Investments	$9.9B
Tax Assets	$0
Other Non-Current Assets	$423M
TOTAL NON-CURRENT ASSETS	$10.9B
TOTAL ASSETS	$14.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.7B
TOTAL CURRENT LIABILITIES	$10.8B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$12.8B
Common Stock	$133M
Additional Paid-In Capital	$1.6B
Retained Earnings	$710M
Treasury Stock	-$525M
Accum. Other Comp. Income	$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$14.8B
Total Debt	$1.9B
Net Debt	$1.1B