WAFD FY 2021 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported November 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$653M	—	$708M	—	-7.9%
Op. Income	$233M	—	$219M	—	6.4%
Gross Margin	86.7%	—	75.5%	—	11.2pp
Net Margin	28.1%	—	24.5%	—	3.6pp
EPS (Diluted)	$2.39	—	$2.26	—	5.8%
Free Cash Flow	$285M	—	$135M	—	111.6%

Revenue Flow

Item	Amount
REVENUE	$653M
Cost of Revenue	$87M
GROSS PROFIT	$566M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$190M
SG&A Expenses	$190M
Other Expenses	$142M
Operating Expenses	$332M
Cost & Expenses	$419M
OPERATING INCOME	$233M
Interest Income	$592M
Interest Expense	$87M
Other Income/Expenses	$0
INCOME BEFORE TAX	$233M
Income Tax Expense	$50M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$34M
EBIT	$233M
EBITDA	$267M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$653M
Cost of Revenue	$87M
GROSS PROFIT	$566M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$190M
SG&A Expenses	$190M
Other Expenses	$142M
Operating Expenses	$332M
Cost & Expenses	$419M
OPERATING INCOME	$233M
Interest Income	$592M
Interest Expense	$87M
Other Income/Expenses	$0
INCOME BEFORE TAX	$233M
Income Tax Expense	$50M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$34M
EBIT	$233M
EBITDA	$267M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$184M
Depreciation & Amortization	$34M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$515.0K
Change in Working Capital	$90M
OPERATING CASH FLOW	$314M
Capital Expenditure	-$29M
Acquisitions (Net)	-$2M
Purchases of Investments	-$530M
Sales/Maturities of Investments	$980M
Other Investing Activities	-$999M
NET CASH FROM INVESTING	-$580M
Net Debt Issuance	-$994M
Common Stock Repurchased	-$349M
Common Dividends Paid	-$66M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$653M
FREE CASH FLOW	$285M
Net Change in Cash	$388M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$2.1B
Net Receivables	$55M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$255M
Goodwill	$303M
Intangible Assets	$7M
Long-Term Investments	$14.2B
Tax Assets	$0
Other Non-Current Assets	$602M
TOTAL NON-CURRENT ASSETS	$15.4B
TOTAL ASSETS	$19.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$15.5B
TOTAL CURRENT LIABILITIES	$15.8B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$47M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$17.5B
Common Stock	$136M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.5B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	$70M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$19.7B
Total Debt	$1.7B
Net Debt	-$371M