WAFD FY 2020 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported November 23, 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	$708M	—	$735M	—	-3.6%
Op. Income	$219M	—	$263M	—	-16.6%
Gross Margin	75.5%	—	74.3%	—	1.2pp
Net Margin	24.5%	—	28.6%	—	-4.1pp
EPS (Diluted)	$2.26	—	$2.61	—	-13.4%
Free Cash Flow	$135M	—	$199M	—	-32.2%

Revenue Flow

Item	Amount
REVENUE	$708M
Cost of Revenue	$174M
GROSS PROFIT	$535M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$159M
SG&A Expenses	$159M
Other Expenses	$157M
Operating Expenses	$316M
Cost & Expenses	$489M
OPERATING INCOME	$219M
Interest Income	$621M
Interest Expense	$152M
Other Income/Expenses	$0
INCOME BEFORE TAX	$219M
Income Tax Expense	$46M
Net Income from Continuing Ops	$173M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$173M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$173M
D&A	$40M
EBIT	$219M
EBITDA	$259M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$708M
Cost of Revenue	$174M
GROSS PROFIT	$535M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$159M
SG&A Expenses	$159M
Other Expenses	$157M
Operating Expenses	$316M
Cost & Expenses	$489M
OPERATING INCOME	$219M
Interest Income	$621M
Interest Expense	$152M
Other Income/Expenses	$0
INCOME BEFORE TAX	$219M
Income Tax Expense	$46M
Net Income from Continuing Ops	$173M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$173M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$173M
D&A	$40M
EBIT	$219M
EBITDA	$259M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$173M
Depreciation & Amortization	$40M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$32M
Acquisitions (Net)	-$3M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$876M
NET CASH FROM INVESTING	-$921M
Net Debt Issuance	$436M
Common Stock Repurchased	-$112M
Common Dividends Paid	-$66M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$2.0B
FREE CASH FLOW	$135M
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$2.2B
Net Receivables	$60M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$253M
Goodwill	$303M
Intangible Assets	$7M
Long-Term Investments	$13.5B
Tax Assets	$0
Other Non-Current Assets	$721M
TOTAL NON-CURRENT ASSETS	$14.8B
TOTAL ASSETS	$18.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$13.8B
TOTAL CURRENT LIABILITIES	$14.0B
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$16.8B
Common Stock	$136M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.4B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$18.8B
Total Debt	$2.7B
Net Debt	$997M