WAFD FY 2018 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported November 19, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$651M	—	$603M	—	8.0%
Op. Income	$257M	—	$256M	—	0.4%
Gross Margin	80.1%	—	80.9%	—	-0.8pp
Net Margin	31.3%	—	28.8%	—	2.5pp
EPS (Diluted)	$2.40	—	$1.94	—	23.7%
Free Cash Flow	$164M	—	$164M	—	-0.4%

Revenue Flow

Item	Amount
REVENUE	$651M
Cost of Revenue	$129M
GROSS PROFIT	$522M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	$129M
Operating Expenses	$264M
Cost & Expenses	$394M
OPERATING INCOME	$257M
Interest Income	$607M
Interest Expense	$135M
Other Income/Expenses	$0
INCOME BEFORE TAX	$257M
Income Tax Expense	$53M
Net Income from Continuing Ops	$204M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$204M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$204M
D&A	$47M
EBIT	$257M
EBITDA	$304M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$651M
Cost of Revenue	$129M
GROSS PROFIT	$522M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	$129M
Operating Expenses	$264M
Cost & Expenses	$394M
OPERATING INCOME	$257M
Interest Income	$607M
Interest Expense	$135M
Other Income/Expenses	$0
INCOME BEFORE TAX	$257M
Income Tax Expense	$53M
Net Income from Continuing Ops	$204M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$204M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$204M
D&A	$47M
EBIT	$257M
EBITDA	$304M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$204M
Depreciation & Amortization	$47M
Stock-Based Compensation	$5M
Deferred Income Tax	$0
Other Non-Cash Items	-$8M
Change in Working Capital	-$57M
OPERATING CASH FLOW	$191M
Capital Expenditure	-$27M
Acquisitions (Net)	-$2M
Purchases of Investments	-$444M
Sales/Maturities of Investments	$387M
Other Investing Activities	-$588M
NET CASH FROM INVESTING	-$674M
Net Debt Issuance	$105M
Common Stock Repurchased	-$164M
Common Dividends Paid	-$56M
Other Financing Activities	$555M
NET CASH FROM FINANCING	$439M
FREE CASH FLOW	$164M
Net Change in Cash	-$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$269M
Short-Term Investments	$1.3B
Net Receivables	$49M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$268M
Goodwill	$301M
Intangible Assets	$10M
Long-Term Investments	$13.1B
Tax Assets	$0
Other Non-Current Assets	$551M
TOTAL NON-CURRENT ASSETS	$14.2B
TOTAL ASSETS	$15.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$11.4B
TOTAL CURRENT LIABILITIES	$11.5B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$13.9B
Common Stock	$135M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.2B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$15.9B
Total Debt	$2.3B
Net Debt	$2.1B