WAFD FY 2024 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2024 Earnings

Reported November 20, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.1B	—	30.8%
Op. Income	$256M	—	$325M	—	-21.2%
Gross Margin	49.2%	—	64.0%	—	-14.8pp
Net Margin	14.0%	—	23.5%	—	-9.5pp
EPS (Diluted)	$2.50	—	$3.72	—	-32.8%
Free Cash Flow	$415M	—	$199M	—	108.4%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$728M
GROSS PROFIT	$704M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$263M
SG&A Expenses	$263M
Other Expenses	$185M
Operating Expenses	$448M
Cost & Expenses	$1.2B
OPERATING INCOME	$256M
Interest Income	$1.4B
Interest Expense	$711M
Other Income/Expenses	$0
INCOME BEFORE TAX	$256M
Income Tax Expense	$56M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$185M
D&A	$134M
EBIT	$256M
EBITDA	$390M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$728M
GROSS PROFIT	$704M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$263M
SG&A Expenses	$263M
Other Expenses	$185M
Operating Expenses	$448M
Cost & Expenses	$1.2B
OPERATING INCOME	$256M
Interest Income	$1.4B
Interest Expense	$711M
Other Income/Expenses	$0
INCOME BEFORE TAX	$256M
Income Tax Expense	$56M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$185M
D&A	$134M
EBIT	$256M
EBITDA	$390M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$200M
Depreciation & Amortization	$134M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	$81M
OPERATING CASH FLOW	$439M
Capital Expenditure	-$25M
Acquisitions (Net)	$624M
Purchases of Investments	-$600M
Sales/Maturities of Investments	$605M
Other Investing Activities	$2.7B
NET CASH FROM INVESTING	$3.3B
Net Debt Issuance	-$1.9B
Common Stock Repurchased	-$27M
Common Dividends Paid	-$74M
Other Financing Activities	-$310M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$415M
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$2.6B
Net Receivables	$222M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$248M
Goodwill	$411M
Intangible Assets	$37M
Long-Term Investments	$21.4B
Tax Assets	$0
Other Non-Current Assets	$835M
TOTAL NON-CURRENT ASSETS	$22.9B
TOTAL ASSETS	$28.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$21.4B
TOTAL CURRENT LIABILITIES	$21.4B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$368M
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$25.1B
Common Stock	$154M
Additional Paid-In Capital	$2.2B
Retained Earnings	$2.0B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	$56M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$28.1B
Total Debt	$3.3B
Net Debt	$937M