TFS FINANCIAL CORPORATION TFSL Cash Flow

Tfs financial corporation (TFSL)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
82,673	85,546	80,237	80,325	82,943	86,127	85,407	86,820	88,733	88,880	88,877	88,665	86,497	82,312	80,553	80,770	77,408	73,798	72,591	65,419	65,792	66,511	65,891	65,809	64,425	60,830	55,959	41,296	25,941	14,173	11,479	18,852	23,945	25,147	9,340	-9,886	-5,634	-4,936	11,338	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
ESOP and stock-based compensation expense
12,652	12,317	11,780	11,449	11,262	11,574	11,356	11,205	11,135	10,709	11,252	11,580	12,013	12,812	13,436	14,021	14,310	13,973	13,980	13,168	12,830	13,012	12,157	12,336	12,356	11,542	11,356	11,044	10,689	10,808	11,115	11,012	11,134	11,256	10,138	10,853	11,595	11,925	13,141	0	0	0
Excess tax effect related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
26,820	25,338	22,950	22,443	23,144	25,199	25,187	23,860	22,453	20,492	20,885	21,903	21,617	20,934	19,369	18,927	18,424	17,810	17,453	16,691	15,183	14,021	13,285	13,125	15,094	18,223	21,315	25,688	25,665	22,941	22,767	18,421	16,578	17,672	19,404	22,282	22,934	22,252	18,465	0	0	0
Mortgage servicing asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income taxes
21,316	21,438	21,936	-102	-217	-402	3,949	8,230	8,162	8,320	3,548	10,944	11,069	11,102	11,099	9,611	9,205	9,195	9,185	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-8,243	-10,142	-9,742	-9,742	-10,542	0	0	0
Provision (credit) for loan losses
-1,000	-11,000	-10,000	-10,000	-10,000	-10,000	-11,000	-16,000	-18,000	-20,000	-17,000	-13,000	-12,000	-7,000	-8,000	-11,000	-8,000	-6,000	-3,000	7,000	11,000	15,000	19,000	19,000	20,000	25,000	37,000	62,000	88,000	105,000	102,000	92,000	83,500	79,000	98,500	114,500	122,000	124,500	106,000	0	0	0
Net gain on the sale of loans
7,370	4,683	1,869	1,416	3,402	3,016	3,383	3,783	1,513	1,778	2,183	3,057	4,632	6,219	6,161	5,758	5,419	4,646	4,519	3,823	3,001	2,390	2,031	1,555	4,860	5,584	8,267	8,945	4,967	3,710	688	0	0	0	-	-	-	-	25,303	0	0	0
Net gain on sale of commercial property
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other net losses
289	-396	-116	-908	-610	-765	-1,127	-720	-546	-407	-562	363	-264	-251	-613	-2,235	-2,118	-2,658	-2,962	-2,691	-2,521	-2,740	-2,529	-1,650	1,117	-338	756	305	-2,243	-1,197	-2,027	-1,856	-3,393	-2,894	-3,419	-3,803	3,145	-6,974	-2,316	0	0	0
Proceeds from sales of loans held for sale
62,393	51,202	48,517	39,674	31,182	28,999	25,585	21,378	22,267	28,021	29,172	27,612	23,469	17,610	16,285	18,902	24,372	27,453	27,815	24,899	22,045	21,295	27,475	38,027	53,939	61,995	74,170	73,615	63,329	48,782	26,585	0	0	0	-	-	-	-	243,127	0	0	0
Loans originated for sale
62,668	59,311	50,992	40,482	31,981	28,728	25,964	22,148	18,208	21,032	24,947	28,179	26,442	25,231	20,466	18,488	24,121	25,936	27,011	25,566	25,964	25,512	27,907	37,208	47,436	56,931	65,545	60,959	41,229	25,397	9,640	0	0	0	-	-	-	-	207,488	0	0	0
Increase in bank owned life insurance contracts
-	6,218	-	-	-	6,146	6,138	6,179	6,206	6,256	6,320	6,342	6,376	6,418	4,854	4,909	4,908	4,906	6,491	6,457	6,474	6,458	6,449	6,483	12,861	9,700	6,468	16,104	6,497	6,485	6,480	-6,495	-6,501	-6,497	-6,519	-6,517	-6,520	-6,523	-6,489	0	0	0
Net (increase) decrease in interest receivable and other assets
18,178	25,004	13,202	5,140	10,282	4,807	6,812	5,456	1,376	3,593	1,383	1,739	9,057	9,084	13,087	12,732	4,986	2,053	2,173	3,113	2,380	2,164	2,392	-65	-11,103	-10,861	-16,908	-35,571	-24,433	-13,367	-10,180	-3,423	-9,868	-22,618	-18,732	-11,801	-13,544	-9,168	37,456	0	0	0
Net increase in accrued expenses and other liabilities
16,544	12,204	-280	5,183	-5,674	-54,194	-7,199	-4,719	636	-1,288	-1,295	-2,855	-5,265	3,703	-4,128	-10,835	-4,910	-1,665	1,014	-5,781	-10,189	-10,972	-7,537	-2,472	11,551	2,363	-1,739	13,256	-4,622	-5,335	4,920	-59,142	899	-1,647	-9,304	51,090	-1,616	4,238	7,035	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	255	153	170	166	296	295	40	34	104	152	474	546	391	427	377	330	631	716	809	595	821	540	2,397	3,116	2,380	0	0	0
Net cash provided by operating activities
122,387	97,968	103,001	96,675	81,428	28,521	92,115	87,885	90,785	102,030	101,168	111,305	109,201	112,741	84,914	80,897	93,663	99,847	102,102	94,418	90,786	94,500	103,508	109,496	135,536	129,195	140,810	166,894	163,826	156,411	155,626	84,036	142,103	141,275	135,568	274,821	158,942	204,115	116,524	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans originated
3,811,642	3,436,359	3,028,188	3,031,317	3,020,037	3,205,521	3,338,773	3,264,307	3,113,983	3,337,246	3,422,896	3,637,692	3,638,830	3,341,833	3,024,260	2,838,473	2,759,100	2,697,798	2,760,277	2,591,982	2,468,949	2,500,974	2,425,032	2,496,044	2,596,448	2,483,301	2,459,635	2,365,983	2,469,894	2,619,000	2,928,682	2,791,442	2,328,194	2,143,388	2,484,919	2,932,260	3,261,683	3,381,617	2,746,054	0	0	0
Principal repayments on loans
2,787,103	2,628,498	2,629,397	2,597,850	2,456,038	2,488,873	2,508,822	2,477,731	2,449,333	2,480,593	2,494,866	2,569,589	2,534,233	2,422,774	2,310,358	2,219,114	2,159,695	2,111,913	2,052,276	1,956,023	1,839,254	1,791,585	1,783,108	1,862,072	2,018,923	2,200,923	2,369,786	2,380,830	2,314,803	2,252,906	2,185,787	2,008,314	1,824,092	1,701,563	1,787,544	1,854,403	2,068,923	2,160,351	1,886,218	0	0	0
Proceeds from principal repayments and maturities of:
Securities available for sale
192,097	173,136	152,560	138,870	134,817	136,392	139,846	139,287	138,445	142,541	153,315	160,532	165,155	162,921	154,520	151,821	155,915	158,091	153,945	181,040	167,295	161,053	157,389	134,056	154,711	178,485	206,388	216,758	184,858	131,990	74,589	20,291	2,796	3,035	10,898	11,333	13,915	13,739	8,857	0	0	0
Securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139,533	188,028	199,481	224,306	263,176	293,733	331,348	345,989	309,853	0	0	0
Proceeds from sale of:
Loans
324,343	257,150	69,620	71,857	357,715	359,622	372,497	378,752	148,083	176,959	218,158	241,607	230,302	229,601	186,705	191,281	174,309	137,642	133,456	96,962	69,552	57,870	48,564	34,499	117,425	232,069	282,221	282,353	189,534	61,231	0	0	0	0	-	-	-	-	792,511	0	0	0
Real estate owned
2,762	3,209	3,997	4,019	4,160	5,156	6,280	7,604	8,559	8,932	8,761	12,159	15,196	18,749	22,400	22,992	25,153	25,470	25,134	26,094	24,937	24,436	25,738	25,385	24,957	26,291	25,817	24,897	25,922	24,589	22,731	21,355	19,101	16,521	15,606	14,399	14,292	15,828	17,421	0	0	0
Premises, Equipment and Other Assets
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of:
FHLB stock
42,314	8,314	8,314	6,103	0	1,433	3,554	6,434	10,667	16,302	20,137	17,257	13,407	6,339	383	383	0	5,384	29,059	29,059	29,065	27,187	4,791	4,791	4,785	1,279	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Securities available for sale
148,650	155,337	158,012	152,239	161,740	167,866	151,600	167,359	157,618	162,832	183,518	172,925	147,737	107,967	95,176	116,186	147,637	175,953	171,125	229,453	262,551	252,538	250,832	206,295	195,536	230,296	276,454	298,569	286,686	224,784	134,488	41,922	155	259	2,291	4,478	4,531	10,267	10,331	0	0	0
Securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,509	93,509	100,722	26,847	12,424	96,932	184,860	272,641	380,072	0	0	0
Premises and equipment
3,269	3,398	3,778	4,545	4,622	5,488	8,373	9,527	9,231	7,587	4,150	2,985	4,645	6,707	9,125	9,613	8,937	7,145	5,522	3,698	2,314	2,906	2,816	3,598	403	2,731	2,819	6,304	10,678	7,476	7,332	3,092	2,319	2,756	2,616	3,576	3,440	4,656	4,397	0	0	0
Other
-1,852	-1,062	-736	-369	622	299	0	-262	-816	-754	-792	-531	-18	-587	-584	-1,063	-1,031	-513	-784	-305	-302	-302	-25	-24	86	103	116	73	-17	-24	-8	275	754	914	1,093	847	354	198	-128	0	0	0
Net cash used in investing activities
-674,206	-516,841	-341,982	-381,239	-234,291	-390,564	-474,855	-443,991	-546,263	-714,188	-754,809	-846,441	-859,715	-628,214	-454,377	-378,384	-399,571	-452,651	-600,388	-593,768	-661,539	-748,359	-668,647	-654,692	-481,242	-79,942	145,188	233,909	-22,077	-375,596	-741,363	-692,252	-360,975	-195,017	-392,397	-835,091	-515,577	-463,597	-125,866	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits
355,021	403,741	274,801	306,181	382,368	389,828	339,958	232,429	162,417	-28,638	-179,743	-193,041	-129,808	-69,373	45,510	-93,159	-183,105	-233,852	-368,020	-241,162	85,428	224,982	189,379	72,691	-341,792	-490,263	-516,920	-326,619	-65,894	145,982	265,509	255,253	67,234	-134,801	-136,031	-206,313	52,732	185,897	281,435	0	0	0
Net decrease in borrowers’ advances for insurance and taxes
4,386	2,940	323	-2,965	681	1,053	2,559	4,632	3,426	8,730	8,133	7,715	7,821	5,247	6,021	3,976	5,489	7,067	10,026	1,892	6,193	5,472	4,878	-5,246	4,476	576	3,524	-36,129	4	13,289	9,629	-3,997	-5,979	-6,409	-6,834	1,789	-6,435	-6,976	-3,209	0	0	0
Net decrease in principal and interest owed on loans serviced
-839	926	1,419	-3,508	-2,361	-2,330	-4,276	-2,781	-4,637	-13,054	-13,635	-9,116	-13,959	466	-92	-10,355	-9,852	-4,082	-5,177	3,811	6,958	-10,401	-21,075	-37,811	-61,477	-69,058	-51,794	-15,599	-35,981	-56,844	-24,320	5,109	48,120	-106,572	-132,566	-18,525	-8,273	149,543	178,706	0	0	0
Net increase(decrease) in short-term borrowed funds
438,280	165,867	326,991	554,794	209,097	261,737	317,043	423,995	623,033	976,844	1,160,682	1,193,310	1,206,460	1,075,231	696,227	485,440	392,597	190,717	444,830	385,693	105,708	94,629	-5,430	133,532	381,504	156,419	-52,732	-316,378	-268,795	106,776	316,335	377,886	229,273	174,661	50,025	100,016	99,985	-8	0	0	0	0
Proceeds from long-term borrowed funds
525,000	425,000	275,000	0	15,000	15,000	15,088	15,088	88	88	0	0	84	10,290	40,290	240,290	340,206	480,000	600,294	510,294	520,294	470,294	450,000	460,000	410,000	380,000	320,000	230,000	175,000	105,000	35,000	0	0	0	-	-	-	0	-	-	-	0
Repayment of long-term borrowed funds
470,401	435,547	420,709	385,955	351,089	301,263	281,809	317,094	272,246	267,444	208,100	93,430	123,730	200,379	186,349	181,918	117,181	11,197	15,136	14,307	28,381	46,240	51,048	51,194	37,291	18,397	10,342	8,293	9,380	8,265	3,000	0	0	0	-	-	-	-	-	-	-	-
Cash collateral received from (provided to) derivative counterparties
-187,443	-89,146	-152,386	-109,785	-52,764	2,707	54,876	49,747	30,961	6,673	7,525	6,043	17,844	17,702	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury shares
3,364	5,813	9,087	10,685	12,893	16,038	19,741	26,998	42,201	43,731	54,029	77,712	86,162	110,977	128,361	142,541	157,999	167,845	172,546	157,765	156,864	115,060	101,363	68,279	26,058	26,058	0	0	0	0	-	-	-	-	-	-	-	-	1,810	0	0	0
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,198	3,038	2,493	2,315	1,582	1,296	1,186	1,036	91	0	0	0	-	-	-	-	-	-	-	-	0	-60	-41	15	57	0	0	0
Acquisition of treasury shares through net settlement of stock benefit plans compensation
2,418	2,953	1,538	1,269	1,559	921	1,772	1,557	1,210	1,323	2,504	3,657	4,937	5,668	7,697	7,457	6,599	5,987	4,111	3,239	2,696	2,346	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to common shareholders
53,162	51,535	50,465	49,443	45,466	41,526	37,629	33,750	31,672	29,685	27,709	25,850	24,965	24,095	23,414	22,717	21,594	20,530	19,490	18,470	14,140	9,597	4,886	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	15,561	0	0	0
Net cash provided by financing activities
605,060	413,480	244,349	297,365	141,014	325,097	384,297	349,754	485,803	609,312	690,620	798,722	831,996	682,262	445,333	274,597	244,455	236,606	472,252	468,043	523,686	612,769	460,546	503,727	329,362	-65,897	-308,264	-422,176	-200,018	298,618	599,153	648,999	372,296	-34,629	-192,065	-111,716	143,637	326,030	446,036	0	0	0
NET INCREASE IN CASH AND CASH EQUIVALENTS
53,241	-5,393	5,368	12,801	-11,849	-36,946	1,557	-6,352	30,325	-2,846	36,979	63,586	81,482	166,789	75,870	-22,890	-61,453	-116,198	-26,034	-31,307	-47,067	-41,090	-104,593	-41,469	-16,344	-16,644	-22,266	-21,373	-58,269	79,433	13,416	40,783	153,424	-88,371	-448,894	-671,986	-212,998	66,548	436,694	0	0	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes
1,691	9,668	9,689	17,119	27,345	32,280	32,525	32,345	33,053	38,277	38,208	36,988	34,220	22,322	31,815	32,932	30,831	32,164	22,533	26,383	28,379	24,672	25,100	18,542	12,442	13,550	19,642	19,300	21,194	21,894	19,794	18,794	14,900	7,600	7,600	12,500	15,600	18,900	19,900	0	0	0
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Transfer of loans to real estate owned
2,693	3,455	3,473	3,749	3,869	4,240	4,238	5,806	6,988	7,879	7,989	8,009	9,554	10,117	12,134	14,926	18,132	20,374	23,761	27,502	27,880	27,304	27,000	26,961	26,511	29,252	27,741	24,650	25,810	23,889	23,006	20,560	19,409	20,121	21,069	22,621	15,078	14,932	17,310	0	0	0
Transfer of loans from held for investment to held for sale
319,757	254,381	69,069	71,365	357,391	359,804	372,563	378,742	148,626	177,893	218,720	241,465	228,531	225,950	183,178	178,123	171,730	135,717	127,066	99,889	63,820	52,538	48,088	35,395	38,601	83,196	337,009	337,009	323,027	510,828	245,920	0	0	0	-	-	-	-	-	-	-	-
Transfer of Loans Held-for-sale to Portfolio Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,027	25,027	25,027	25,027	0	0	0	0
Treasury stock issued for stock benefit plans
214	-392	322	912	759	436	2,740	3,017	3,307	3,436	1,135	1,150	1,567	1,811	3,112	3,394	3,477	9,091	7,041	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits
Cash paid for interest
151,178	148,724	143,363	132,997	121,841	110,605	100,505	93,712	89,655	87,563	87,373	87,942	88,666	89,645	89,947	89,949	90,098	90,930	93,093	94,991	94,980	93,216	92,143	92,657	97,168	103,504	111,707	122,702	133,399	143,672	153,463	159,635	165,628	171,557	178,452	185,696	193,981	201,764	210,810	0	0	0
Borrowed funds
Cash paid for interest
79,930	84,778	81,743	77,673	72,120	64,779	61,055	54,750	48,530	42,443	36,216	31,345	28,297	26,741	26,421	24,929	23,419	21,334	18,994	16,403	13,980	11,605	9,503	7,725	6,107	4,717	3,743	3,242	2,938	2,740	2,541	2,428	2,252	2,063	1,972	1,902	1,896	1,916	1,923	0	0	0