WAFD FY 2019 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported November 20, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$735M	—	$651M	—	12.8%
Op. Income	$263M	—	$257M	—	2.2%
Gross Margin	74.3%	—	80.1%	—	-5.8pp
Net Margin	28.6%	—	31.3%	—	-2.7pp
EPS (Diluted)	$2.61	—	$2.40	—	8.8%
Free Cash Flow	$199M	—	$164M	—	21.4%

Revenue Flow

Item	Amount
REVENUE	$735M
Cost of Revenue	$189M
GROSS PROFIT	$546M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$143M
SG&A Expenses	$143M
Other Expenses	$140M
Operating Expenses	$283M
Cost & Expenses	$472M
OPERATING INCOME	$263M
Interest Income	$671M
Interest Expense	$190M
Other Income/Expenses	$0
INCOME BEFORE TAX	$263M
Income Tax Expense	$53M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$31M
EBIT	$263M
EBITDA	$294M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$735M
Cost of Revenue	$189M
GROSS PROFIT	$546M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$143M
SG&A Expenses	$143M
Other Expenses	$140M
Operating Expenses	$283M
Cost & Expenses	$472M
OPERATING INCOME	$263M
Interest Income	$671M
Interest Expense	$190M
Other Income/Expenses	$0
INCOME BEFORE TAX	$263M
Income Tax Expense	$53M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$31M
EBIT	$263M
EBITDA	$294M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$31M
Stock-Based Compensation	$5M
Deferred Income Tax	$0
Other Non-Cash Items	-$14M
Change in Working Capital	$2M
OPERATING CASH FLOW	$234M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	-$364M
Sales/Maturities of Investments	$403M
Other Investing Activities	-$425M
NET CASH FROM INVESTING	-$421M
Net Debt Issuance	-$80M
Common Stock Repurchased	-$124M
Common Dividends Paid	-$63M
Other Financing Activities	$605M
NET CASH FROM FINANCING	$338M
FREE CASH FLOW	$199M
Net Change in Cash	$151M

Balance Sheet

Item	Amount
Cash & Equivalents	$419M
Short-Term Investments	$1.5B
Net Receivables	$49M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$274M
Goodwill	$301M
Intangible Assets	$8M
Long-Term Investments	$13.4B
Tax Assets	$0
Other Non-Current Assets	$564M
TOTAL NON-CURRENT ASSETS	$14.5B
TOTAL ASSETS	$16.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$12.0B
TOTAL CURRENT LIABILITIES	$12.1B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$58M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$14.4B
Common Stock	$136M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.3B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$2.3B
Net Debt	$1.8B