Walker & Dunlop, Inc. WD Income Statement

Walker & dunlop, inc. (WD)

Income statement / 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	Sep'10	Jun'10
Revenues
Loan origination and debt brokerage fees, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of expected net cash flows from servicing, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains from mortgage banking activities
-	-	445,711	428,952	-	-	412,374	424,508	424,447	-	427,691	417,017	417,294	367,185	326,392	296,572	264,069	290,466	285,356	277,826	260,117	221,983	202,493	184,491	195,326	203,671	230,692	238,814	209,672	186,543	140,170	108,332	105,687	102,712	82,010	81,621	0	0	0
Servicing fees
217,785	214,550	211,516	208,078	204,389	200,230	194,851	188,970	182,867	176,352	169,009	161,243	150,800	140,924	132,084	124,278	119,565	114,757	110,300	106,008	101,912	98,414	96,091	94,009	92,417	90,215	86,159	76,512	63,969	52,207	41,577	37,027	35,247	33,581	31,506	29,310	0	0	0
Net warehouse interest income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	4,629	4,433	4,418	4,198	3,599	4,153	0	0	0
Escrow earnings and other interest income
53,510	56,835	58,270	55,045	49,705	42,985	35,348	29,214	24,452	20,396	16,553	13,379	10,820	9,168	7,575	6,111	5,326	4,473	4,327	4,288	4,238	4,526	4,435	4,345	4,141	4,008	4,088	3,759	3,368	2,965	2,131	1,765	1,643	1,474	1,633	1,910	0	0	0
Other revenues
83,596	80,898	73,959	72,063	67,634	60,918	60,124	53,606	49,327	51,272	44,213	40,621	37,017	34,272	30,138	33,982	35,021	34,542	35,307	26,252	22,181	18,355	17,169	16,200	14,745	13,700	11,577	10,442	9,190	10,387	10,332	10,512	10,760	10,385	8,175	7,251	0	0	0
Total revenues
863,939	817,219	814,962	787,352	765,231	725,246	717,515	712,594	700,797	711,857	683,046	658,096	639,547	575,276	518,250	484,250	450,318	468,198	459,431	436,700	408,060	360,772	333,644	309,239	314,687	319,039	339,091	335,567	291,553	256,770	198,839	162,069	157,755	152,350	126,923	124,245	0	0	0
Expenses
Personnel
364,062	346,168	339,914	326,633	313,661	297,303	297,595	296,288	288,378	289,277	271,283	257,191	249,433	227,491	203,589	188,540	178,775	184,590	184,233	176,824	164,884	149,374	137,492	126,664	129,919	133,667	144,542	145,624	125,679	109,037	78,926	58,096	53,596	51,162	38,877	35,598	0	0	0
Amortization and depreciation
154,331	152,472	149,191	148,294	146,402	142,134	139,568	135,172	132,543	131,246	128,144	125,045	118,610	111,427	105,209	101,609	98,654	98,173	96,552	90,726	86,353	80,138	73,009	73,704	72,783	72,876	72,319	61,435	49,984	38,673	29,781	26,419	24,778	22,444	20,489	18,941	0	0	0
Provision for credit losses
28,241	7,273	2,830	4,121	3,960	808	815	305	-588	-243	-994	-720	-335	-612	1,234	1,045	1,151	1,644	1,187	2,580	2,461	2,206	1,920	278	750	1,322	0	0	0	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,252	0	0	0	-	-	-	-	-	-
Provision for risk-sharing obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5,264	6,983	0	0	0
Interest expense on corporate debt
13,567	14,359	14,246	13,037	11,603	10,130	9,295	9,421	9,521	9,745	9,833	9,763	9,785	9,851	9,904	9,903	9,910	9,918	9,958	10,066	10,215	10,311	8,837	7,099	5,348	3,743	3,622	3,156	2,449	1,649	896	688	739	823	988	1,152	0	0	0
Other operating costs
69,194	66,596	71,074	66,216	64,562	62,021	55,962	53,091	49,514	48,171	46,698	44,719	44,332	41,338	39,842	39,947	37,686	38,507	39,430	37,385	36,739	34,831	34,021	34,919	36,441	37,565	39,527	40,519	37,284	33,249	25,049	20,391	18,062	16,466	15,513	13,703	0	0	0
Total expenses
629,395	586,868	577,255	558,301	540,188	512,396	503,235	494,277	479,368	478,196	454,964	435,998	421,825	389,495	359,778	341,044	326,176	332,832	331,360	317,581	300,652	276,860	258,358	245,743	248,320	252,252	270,866	268,268	232,947	201,000	144,532	109,888	102,465	95,689	81,131	76,377	0	0	0
Income from operations
234,544	230,351	237,707	229,051	225,043	212,850	214,280	218,317	221,429	233,661	228,082	222,098	217,722	185,781	158,472	143,206	124,142	135,366	0	0	0	-	-	-	-	-	-	-	-	55,770	0	0	0	-	-	-	-	-	-
Income from operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	45,792	47,868	0	0	0
Income tax expense
57,769	57,121	61,987	59,643	56,748	51,908	-771	6,315	15,948	21,827	78,796	77,659	75,684	71,470	60,887	54,771	47,527	52,771	49,505	46,151	41,817	32,490	28,909	24,177	25,419	25,257	26,358	26,389	22,947	21,998	21,063	19,956	21,226	21,797	0	0	0	-	-
Net income before noncontrolling interests
176,775	173,230	175,720	169,408	168,295	160,942	215,051	212,002	205,481	211,834	149,286	144,439	142,038	114,311	97,585	88,435	76,615	82,595	77,428	69,631	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Less: net income (loss) from noncontrolling interests
-209	-143	-487	-472	-501	-497	401	690	714	707	330	233	378	414	658	563	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Walker and Dunlop net income
176,984	173,373	176,207	169,880	168,796	161,439	214,650	211,312	204,767	211,127	148,956	144,206	141,660	113,897	97,518	88,141	76,273	82,128	77,968	72,830	65,591	51,422	46,377	39,319	40,948	41,530	41,867	40,910	35,659	33,772	33,244	32,225	34,064	34,864	30,906	0	0	0	-
Other comprehensive income (loss), net of tax:
Net change in unrealized gains and losses on pledged available-for-sale securities
-1,406	812	1,086	979	260	-168	-166	-174	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Walker and Dunlop comprehensive income
175,578	174,185	177,293	170,859	169,056	161,271	214,466	211,110	204,626	211,113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings per share (NOTE 10)
1.53	1.39	1.42	1.36	1.44	1.46	1.20	1.31	1.18	2.98	1.14	1.15	1.45	1.04	1.01	1.09	0.52	0.70	0.69	0.69	0.68	0.50	0.48	0.41	0.21	0.33	0.24	0.43	0.23	0.34	0.28	0.43	0.27	0.51	0.28	0.51	0.31	0.48	-
Diluted earnings per share (NOTE 10)
1.49	1.34	1.39	1.33	1.39	1.41	1.15	1.26	1.14	2.98	1.06	1.08	1.35	1.06	0.96	1.05	0.50	0.66	0.66	0.67	0.66	0.50	0.47	0.40	0.21	0.33	0.23	0.42	0.23	0.34	0.28	0.42	0.27	0.50	0.28	0.51	0.31	0.48	-
Basic and diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80
Basic weighted average shares outstanding
30,226	30,000	29,987	29,985	29,680	30,109	30,423	30,256	30,020	30,679	30,085	30,131	29,809	30,821	29,374	29,388	29,489	29,279	29,165	29,057	31,515	31,793	31,788	31,711	33,548	33,926	33,859	33,699	33,570	33,558	25,091	21,779	21,750	21,644	21,629	21,629	21,582	14,741	14,741
Diluted weighted average shares outstanding
31,160	31,050	30,782	30,744	30,684	31,307	31,606	31,495	31,128	29,129	32,312	32,097	32,006	29,946	30,793	30,627	30,782	30,633	30,460	30,239	32,464	32,637	32,049	31,951	33,859	34,318	34,383	34,485	34,156	34,112	25,443	21,975	21,848	21,814	21,782	21,742	21,651	14,741	14,741
Income from operations, as reported
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Pro forma adjustments for income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Pro forma net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Pro forma basic earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	0.49
Pro forma diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	0.49