Washington federal inc (WAFD)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

209,869

223,017

210,256

209,409

206,949

205,122

203,850

198,439

191,157

183,956

173,532

171,652

170,544

170,197

164,049

162,323

158,369

157,007

160,316

158,379

157,239

155,535

157,364

159,710

159,138

156,459

151,505

144,130

141,954

140,047

138,183

133,317

128,276

120,029

111,141

96,438

78,985

135,272

118,653

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion expense, net

16,598

38,945

31,058

28,361

34,903

38,850

46,735

51,058

49,666

44,866

41,680

26,516

27,197

29,542

19,509

21,408

18,404

14,643

17,888

27,955

21,920

18,889

17,347

13,734

14,679

18,995

15,774

4,612

20,887

28,148

34,502

28,604

25,574

22,456

20,663

46,592

28,727

23,622

21,624

0

0

0

Cash received from (paid to) FDIC under loss share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,730

3,260

3,611

3,126

720

839

135

776

2,502

1,356

3,382

10,150

13,421

20,325

23,323

5,392

7,587

-14,034

-18,378

-792

6,667

189,668

113,528

106,771

92,551

0

0

0

Stock-based compensation expense

5,901

4,893

5,265

5,198

5,099

5,510

4,771

4,417

4,272

4,176

5,909

4,813

7,140

5,134

3,569

6,543

3,561

4,441

3,561

324

324

324

324

473

473

473

473

848

848

848

848

1,172

1,147

1,087

1,087

1,106

1,161

1,213

1,213

0

0

0

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

33,503

33,278

33,053

32,828

6,516

6,366

6,066

5,766

0

0

0

Decrease in FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision (release) for credit losses

3,300

-2,150

-1,650

-5,250

-4,250

-5,950

-5,450

0

0

0

-

-

-

-

-

-

-

-

-11,162

-14,846

-15,914

-16,301

-15,401

-14,186

-11,186

-6,850

1,350

8,979

19,345

37,345

44,955

54,930

65,564

78,314

93,104

103,750

103,486

136,159

179,909

0

0

0

Loss (gain) on sale of investment securities

15,028

0

-9

-9

-9

-9

0

2,531

2,531

2,531

3,499

968

968

968

0

-16,176

-2,697

35

9,641

28,925

13,806

11,519

2,510

7,395

12,081

9,801

8,011

92,604

96,639

119,618

100,952

5,273

-9,979

-32,621

-23,315

-38,330

-60,239

-76,327

-58,066

0

0

0

Gain on bank owned life insurance

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized (gain) loss on sales of premises, equipment, and real estate owned

37,220

38,164

12,484

9,215

8,807

8,263

1,450

1,315

108

2,571

1,673

7,194

15,997

17,072

20,039

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on premises and equipment

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in accrued interest receivable

-4,714

-1,482

1,562

4,334

6,859

6,061

5,652

4,744

3,358

4,028

3,974

2,038

3,002

-141

-2,760

-2,662

-2,788

-2,498

-11,608

-11,842

-10,925

-8,872

2,819

3,376

5,836

1,799

330

-7,058

-10,702

-8,175

-5,726

919

2,013

1,953

3,312

1,878

195

-1,420

-7,999

0

0

0

Decrease (increase) in federal and state income tax receivable

-3,608

-3,608

-1,804

7,901

5,022

3,608

1,804

-36,387

-33,508

-32,094

-16,047

3,240

2,731

-5,683

-5,153

-17,058

-12,661

-16,460

-13,829

-16,265

-16,938

-22,311

-18,890

242

1,518

8,205

-17,462

-725

-1,902

-3,785

18,066

-5,581

-23,392

-6,334

-11,351

0

0

0

-

-

-

-

Decrease (increase) in FDIC loss share receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,284

13,069

11,339

11,056

10,470

0

0

0

-

-

-

-

Decrease (increase) in cash surrender value of bank owned life insurance

5,759

5,782

5,822

5,858

5,893

5,918

5,992

6,081

6,178

6,330

6,498

6,653

6,800

6,581

5,627

4,657

3,694

3,065

2,496

1,720

961

216

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in other assets

138,211

38,025

17,416

29,044

-23,381

-17,655

6,876

-478

16,098

13,894

-7,974

-6,309

-6,622

-3,703

14,204

5,739

8,104

18,422

29,220

40,661

50,579

34,000

17,799

14,829

-6,751

-7,808

-36,350

54,132

48,009

48,566

74,889

-25,837

-15,219

-17,092

-21,600

-19,808

-25,374

-9,335

51,641

0

0

0

Increase (decrease) in income taxes payable/receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Increase (decrease) in federal and state income tax liabilities

-1,137

17,110

3,043

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accrued expenses and other liabilities

113,909

40,127

21,553

24,308

-70,593

-49,686

-36,609

-34,480

8,639

2,383

-41,477

-22,382

-20,478

13,936

71,071

63,338

43,130

35,766

-5,994

4,361

25,951

4,490

17,612

2,524

-9,149

-7,497

-10,166

-15,757

-2,076

-8,809

8,649

2,829

-494

2,433

-23,575

-33,317

-49,889

-94,027

-74,243

0

0

0

Net cash provided by (used in) operating activities

176,676

247,384

234,054

219,109

179,433

192,863

190,702

197,626

215,940

195,939

179,700

174,635

170,137

195,511

221,721

239,560

219,379

192,647

142,871

151,646

156,177

140,524

173,715

136,088

145,088

172,361

181,422

113,786

158,239

133,239

174,956

241,316

223,425

286,952

261,697

320,111

396,345

301,534

250,881

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Origination of loans and principal repayments, net

-66,838

-209,946

-452,334

-647,454

-677,012

-601,351

-459,183

-536,204

-618,947

-750,459

-896,450

-879,818

-774,502

-665,358

-619,046

-754,282

-794,440

-693,943

-551,168

-136,852

-211,784

-229,524

-261,401

-460,659

-166,079

87,519

343,771

646,792

583,659

527,673

544,240

436,430

380,651

855,065

400,054

803,967

712,948

22,463

281,826

0

0

0

Loans purchased

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB & FRB stock purchase

424,000

445,600

532,600

561,800

580,400

570,600

530,000

499,400

425,800

307,200

183,609

93,009

21,227

29,547

36,347

40,414

36,396

10,876

4,067

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB & FRB stock redeemed

406,400

457,200

535,800

556,400

569,000

565,600

525,800

495,600

447,648

293,848

177,824

137,904

38,256

29,217

26,340

-26,399

-74,127

-54,640

-55,708

-59,714

-16,256

-16,610

-14,017

-11,455

-10,194

-5,888

-5,894

-4,391

-1,700

-3,212

-1,830

0

0

0

-

-

-

-

-

-

-

-

Available-for-sale securities purchased

228,019

268,661

358,709

433,754

440,030

403,972

272,780

243,063

199,691

117,251

76,367

86,849

86,850

86,850

137,591

36,366

202,729

324,630

315,114

529,491

513,127

756,622

1,280,477

1,463,105

1,463,105

1,192,709

889,595

1,449,923

1,558,024

2,122,813

2,442,184

1,805,189

1,859,895

1,594,743

1,585,945

2,052,682

2,016,810

2,109,802

1,774,343

0

0

0

Principal payments and maturities of available-for-sale securities

281,325

255,085

224,118

207,063

169,758

178,865

199,008

233,710

302,509

313,505

367,713

374,550

379,004

534,960

537,255

672,338

583,148

633,955

721,951

748,853

891,336

735,350

609,395

440,274

359,870

321,127

275,726

741,904

950,833

1,363,025

1,608,603

1,307,036

1,127,758

794,593

727,379

894,879

1,079,148

1,067,040

1,052,545

0

0

0

Proceeds from sales of available-for-sale securities

204,351

0

491

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

0

0

11,939

-

401,631

401,631

401,631

50,741

0

0

0

-

-

-

-

-

-

-

-

43,198

2,297,611

2,297,612

2,298,312

2,257,913

3,500

3,500

134,861

131,361

259,076

259,076

180,188

496,024

0

0

0

Held-to-maturity securities purchased

-

-

-

-

-

-

170,836

221,165

221,165

221,165

466,058

415,729

415,729

415,729

0

0

0

0

-

-

-

-

-

-

-

-

787,449

1,988,336

1,574,256

1,431,902

1,167,121

0

0

0

-

-

-

-

-

-

-

-

Principal payments and maturities of held-to-maturity securities

255,193

221,740

178,147

158,653

159,127

174,895

187,812

197,220

196,941

201,591

229,716

249,080

267,978

254,167

218,958

98,204

176,570

172,338

159,947

242,590

127,277

111,678

103,617

-28,824

240,520

303,617

331,022

440,010

147,443

68,759

23,082

14,390

14,122

27,164

33,874

36,539

40,096

29,398

23,128

0

0

0

Proceeds from sales of real estate owned

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash received from mergers and acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,776,660

1,776,660

1,254,517

1,280,077

202,308

202,308

202,433

202,433

50,576

50,576

50,451

50,451

0

0

0

0

-

-

-

-

Proceeds from sales of real estate owned

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

60,805

76,686

105,540

115,615

141,503

153,233

171,401

175,832

185,514

155,778

115,493

110,400

89,699

92,509

106,153

129,447

0

0

0

Proceeds from settlements of bank owned life insurance

-

-

-

-

-

-

3,484

6,667

12,349

12,349

10,096

6,913

1,231

1,231

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of covered REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,000

100,000

100,000

0

100,000

100,000

100,000

100,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-

Net fair value of assets (liabilities)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-

Cash paid for acquisitions

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Decrease (increase) in intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from sales of premises and equipment

57,753

59,142

15,585

11,669

11,622

10,233

1

1,254

1,254

3,488

5,209

18,641

18,601

16,407

14,685

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of real estate held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Premises and equipment purchased and REO improvements

20,061

21,899

35,530

35,368

40,645

39,204

27,127

28,524

23,408

19,746

15,461

16,036

12,355

26,788

41,771

57,133

63,830

61,603

46,439

40,729

49,032

44,581

51,794

41,952

30,857

26,293

29,246

40,794

38,321

34,887

32,010

17,001

16,814

15,476

10,539

11,884

13,558

15,128

13,027

0

0

0

Net cash provided by (used in) investing activities

463,280

45,900

-421,373

-732,384

-813,878

-671,587

-674,445

-716,724

-681,576

-785,749

-544,536

-460,693

-321,417

-105,262

-131,064

-275,672

-478,688

-437,486

-290,489

-76,638

398,941

51,184

781,022

342,498

-84,491

355,539

-391,894

1,001,763

1,176,932

1,075,729

1,054,340

233,751

-90,595

-95,210

-164,033

-351,836

14,997

-87,520

307,284

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in customer accounts

366,134

370,597

603,846

513,003

583,813

560,421

552,445

653,500

508,354

354,308

234,460

55,590

87,575

-3,468

-30,775

606

-149,089

72,418

-85,073

-187,143

-191,511

-363,118

-226,914

-151,312

-121,433

-147,368

-223,515

-356,927

-383,527

-376,992

-225,068

-166,292

-127,622

-105,747

-186,637

-173,057

-176,380

54,850

190,702

0

0

0

Proceeds from borrowings

10,600,000

11,140,000

13,315,000

14,045,000

14,510,000

14,265,000

13,250,000

12,485,000

10,645,000

7,680,000

4,590,000

2,525,000

730,000

914,000

1,118,000

1,018,000

918,000

304,000

100,000

0

0

0

-

-

-

675,000

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

10,173,809

11,430,000

13,395,000

13,910,000

14,225,000

14,140,000

13,145,000

12,390,000

10,470,000

7,345,000

4,445,000

2,330,000

560,000

762,000

868,000

246,892

357,446

-204,554

-210,554

210,554

100,000

-525,000

0

0

0

0

-

-

-

-953,962

-995,306

-120,044

-117,693

-117,403

-100,000

-404,447

-409,294

-535,481

-539,034

0

0

0

Proceeds from stock-based awards

302

331

740

762

659

1,511

1,338

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of common stock options and related tax benefit

-

-

-

-

-

-

-

-

-

-

-

10,041

10,389

8,603

9,283

6,714

6,977

6,846

2,070

1,570

833

1,238

10,252

14,322

14,020

13,478

4,261

455

481

418

357

840

931

1,571

1,686

1,228

1,181

747

1,940

0

0

0

Dividends paid on common stock

65,917

65,113

63,318

61,655

59,917

57,592

55,997

54,269

53,379

75,140

74,519

73,852

73,186

50,312

49,926

49,529

49,040

48,788

51,111

49,669

48,499

46,245

42,065

42,577

39,277

30,764

37,835

33,501

34,282

41,163

32,430

31,045

29,255

27,423

25,697

25,853

24,762

23,651

22,450

0

0

0

Treasury stock purchased

166,295

108,403

123,854

131,243

136,918

174,195

164,249

188,845

174,952

116,973

98,374

64,272

63,804

98,297

87,850

93,727

93,820

112,340

126,728

143,109

149,870

109,672

104,291

87,432

88,790

84,436

110,238

98,644

64,831

66,350

41,914

53,367

79,383

75,430

59,680

36,620

10,604

4,561

0

0

0

0

Increase (decrease) in borrower advances related to taxes and insurance, net

15,649

-266

413

1,317

-15,446

-2,759

786

-1,069

-941

328

13,733

492

18,363

1,848

-7,326

2,553

5,855

2,447

21,220

2,143

757

1,510

-13,439

2,859

1,059

1,239

2,402

1,341

-13,223

1,410

493

447

-1,422

-287

44

0

0

0

-

-

-

-

Decrease in advance payments by borrowers for taxes and insurance

15,649

-266

413

1,317

-15,446

-2,759

786

-1,069

-941

328

13,733

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-309

653

137

911

0

0

0

Net cash provided by (used in) financing activities

576,064

-92,854

337,827

457,184

657,191

452,386

439,323

505,765

456,047

500,685

227,538

115,255

141,593

2,630

75,662

216,617

-139,671

8,029

-350,176

-586,762

-488,290

-616,287

-376,457

-264,139

-234,420

-197,850

-337,395

-1,432,458

-1,443,459

-1,481,581

-1,293,868

-169,461

-154,444

-124,719

-170,284

-439,058

-419,206

-307,959

-167,931

0

0

0

Increase (decrease) in cash and cash equivalents

1,216,020

200,430

150,508

-56,091

22,746

-26,338

-44,420

-13,333

-9,589

-89,125

-137,298

-170,803

-9,687

92,879

166,319

180,505

-398,980

-236,810

-497,794

-511,754

66,828

-424,579

578,280

214,447

-173,823

330,050

-547,867

-316,909

-108,288

-272,613

-64,572

305,606

-21,614

67,023

-72,620

-470,783

-7,864

-93,945

390,234

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Real estate acquired through foreclosure

1,903

1,995

1,839

4,184

2,956

3,375

4,032

2,460

2,461

2,450

3,266

1,873

4,296

8,978

12,697

16,050

19,343

25,191

28,735

39,483

45,498

45,365

46,469

0

0

0

-

-

-

140,959

160,971

172,302

132,761

123,939

112,693

0

0

0

-

-

-

-

Fair value of assets and intangibles acquired, including goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80,242

0

0

0

-

-

-

810,766

124,594

124,594

124,726

124,594

0

0

0

0

-

-

-

-

Non-cash financing activities
Stock issued upon exercise of warrants

0

0

1,082

1,160

1,235

1,235

3,914

3,922

7,357

9,870

7,632

7,546

4,036

1,523

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Covered real estate acquired through foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

13,529

15,905

21,724

27,867

41,665

54,638

56,085

62,905

52,981

34,536

0

0

0

Cash paid during the period for
Interest

190,304

196,054

194,277

182,068

164,773

147,913

133,722

123,808

116,604

112,582

111,333

111,418

112,780

114,048

114,506

113,722

111,358

110,768

116,226

119,759

125,427

129,742

128,733

0

0

0

-

-

-

183,416

199,735

205,738

212,135

219,146

228,444

240,235

252,562

263,680

269,478

0

0

0

Non-covered real estate acquired through foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Income taxes

-

-

-

-

-

-

44,260

55,010

62,440

59,303

54,078

54,446

58,165

68,499

68,507

64,913

60,448

65,705

65,720

58,396

59,317

64,631

64,372

0

0

0

-

-

-

59,596

59,596

80,502

95,493

73,796

73,798

41,641

10,335

13,355

27,503

0

0

0