2013 Q4 Form 10-Q Financial Statement

#000093652814000016 Filed on February 07, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2011 Q4
Revenue $131.3M $131.3M $155.9M
YoY Change -0.04% -15.79% -5.84%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.800M $2.300M $1.900M
YoY Change 65.22% 21.05% 11.76%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $32.95M $35.88M $52.21M
YoY Change -8.16% -31.29% -14.2%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $62.63M $55.17M $52.22M
YoY Change 13.51% 5.66% 36.23%
Income Tax $22.39M $19.89M $18.80M
% Of Pretax Income 35.76% 36.05% 36.0%
Net Earnings $40.24M $35.28M $35.28M
YoY Change 14.04% 0.0% 43.83%
Net Earnings / Revenue 30.65% 26.87% 22.63%
Basic Earnings Per Share $0.39 $0.33 $0.31
Diluted Earnings Per Share $0.39 $0.33 $0.31
COMMON SHARES
Basic Shares Outstanding 102.3M shares 106.0M shares 107.8M shares
Diluted Shares Outstanding 102.8M shares 106.0M shares 107.9M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $967.3M $637.3M $909.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $224.7M $207.2M $174.0M
YoY Change 8.48% 19.05% 5.47%
Goodwill $35.52M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $14.40B $13.11B $13.65B
YoY Change 9.9% -3.98% 1.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $101.0M $62.00M $68.00M
YoY Change 62.9% -8.82% 6.25%
Deferred Revenue
YoY Change
Short-Term Debt $800.0M
YoY Change -4.76%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $101.0M $62.00M $87.00M
YoY Change 62.9% -28.74% 35.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.00M
YoY Change
Total Long-Term Liabilities $18.00M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $101.0M $62.00M $87.00M
Total Long-Term Liabilities $18.00M $0.00 $0.00
Total Liabilities $12.45B $11.19B $11.74B
YoY Change 11.25% -4.66% 1.3%
SHAREHOLDERS EQUITY
Retained Earnings $624.5M $507.4M $401.6M
YoY Change 23.09% 26.33%
Common Stock $1.768B $1.751B $1.714B
YoY Change 0.97% 2.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $439.8M $355.3M $289.0M
YoY Change 23.76% 22.96%
Treasury Stock Shares 30.94M shares 26.47M shares 22.43M shares
Shareholders Equity $1.953B $1.915B $1.910B
YoY Change
Total Liabilities & Shareholders Equity $14.40B $13.11B $13.65B
YoY Change 9.9% -3.98% 1.66%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $40.24M $35.28M $35.28M
YoY Change 14.04% 0.0% 43.83%
Depreciation, Depletion And Amortization $3.800M $2.300M $1.900M
YoY Change 65.22% 21.05% 11.76%
Cash From Operating Activities $51.49M $60.55M $102.3M
YoY Change -14.96% -40.79% 32.79%
INVESTING ACTIVITIES
Capital Expenditures -$9.200M -$12.20M $9.308M
YoY Change -24.59% -231.07% 112.95%
Acquisitions
YoY Change
Other Investing Activities $767.8M $23.30M -$900.0K
YoY Change 3195.28% -2688.89% -98.8%
Cash From Investing Activities $758.6M $11.15M -$10.24M
YoY Change 6701.63% -208.96% -87.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $18.95M $44.75M $20.31M
YoY Change -57.66% 120.31% 345.32%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$46.29M -$185.8M $1.877M
YoY Change -75.09% -10000.69% -104.3%
NET CHANGE
Cash From Operating Activities $51.49M $60.55M $102.3M
Cash From Investing Activities $758.6M $11.15M -$10.24M
Cash From Financing Activities -$46.29M -$185.8M $1.877M
Net Change In Cash $763.8M -$114.1M $93.91M
YoY Change -769.21% -221.53% -305.34%
FREE CASH FLOW
Cash From Operating Activities $51.49M $60.55M $102.3M
Capital Expenditures -$9.200M -$12.20M $9.308M
Free Cash Flow $60.69M $72.75M $92.96M
YoY Change -16.58% -21.74% 27.97%

Facts In Submission

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CY2013Q4 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">New Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. This ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. The amendments in this ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The amendments in this ASU should be applied retrospectively to all periods presented. The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company has chosen to adopt this ASU as of December 31, 2013. It is being adopted prospectively, as the retrospective adjustments were not material. The amount of affordable housing tax credits that are expected to be recognized during the 2014 calendar year is </font><font style="font-family:inherit;font-size:10pt;">$3 million</font><font style="font-family:inherit;font-size:10pt;">. The net investment balance recognized as of December 31, 2013 is </font><font style="font-family:inherit;font-size:10pt;">$25 million</font><font style="font-family:inherit;font-size:10pt;">. Using the proportional amortization method, the amount recognized as a component of income tax expense for the 2014 calendar year is </font><font style="font-family:inherit;font-size:10pt;">$4 million</font><font style="font-family:inherit;font-size:10pt;">. Contingent commitments for equity contributions during the 2014 calendar year are </font><font style="font-family:inherit;font-size:10pt;">$27 million</font><font style="font-family:inherit;font-size:10pt;">. Overall, this adoption does not have a material impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. These amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. The amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. This ASU is not expected to have a material impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists. Some entities present unrecognized tax benefits as a liability unless the unrecognized tax benefit is directly associated with a tax position taken in a tax year that results in, or that resulted in, the recognition of a net operating loss or tax credit carryforward for that year and the net operating loss or tax credit carryforward has not been utilized. Other entities present unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances. The objective of the amendments in this Update is to eliminate that diversity in practice. The guidance in this ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.</font></div></div>
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CY2012Q4 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-3038000 USD
CY2013Q4 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
22629000 USD
CY2013Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1649000 USD
CY2012Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-30191000 USD
CY2013Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2929000 USD
CY2012Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2438000 USD
CY2012Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
116843000 USD
CY2013Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
107227000 USD
CY2012Q4 us-gaap Interest Expense
InterestExpense
35875000 USD
CY2013Q4 us-gaap Interest Expense
InterestExpense
32946000 USD
CY2012Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
17103000 USD
CY2013Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
17447000 USD
CY2013Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
15499000 USD
CY2012Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
18772000 USD
CY2012Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
91834000 USD
CY2013Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
102912000 USD
CY2012Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
95434000 USD
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
98312000 USD
CY2013Q4 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
19368000 USD
CY2012Q4 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
11732000 USD
CY2012Q4 us-gaap Interest Paid
InterestPaid
37457000 USD
CY2013Q4 us-gaap Interest Paid
InterestPaid
33644000 USD
CY2012Q4 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
131309000 USD
CY2013Q4 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
131258000 USD
CY2013Q3 us-gaap Investments
Investments
4005530000 USD
CY2013Q4 us-gaap Investments
Investments
4469133000 USD
CY2013Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
3943797000 USD
CY2013Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
4359894000 USD
CY2013Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
25126000 USD
CY2012Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
21072000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
11145224000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
12451389000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14404373000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13082859000 USD
CY2012Q4 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
766871000 USD
CY2013Q4 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
1345608000 USD
CY2013Q4 us-gaap Liabilities Fair Value Disclosure Nonrecurring
LiabilitiesFairValueDisclosureNonrecurring
0 USD
CY2013Q4 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
0 USD
CY2013Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
35845000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
36054000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
7990545000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
8110309000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
131299000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
114717000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
163116000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
273263000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
275577000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
7651558000 USD
CY2013Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
7528030000 USD
CY2013Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-46291000 USD
CY2012Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-185836000 USD
CY2012Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11153000 USD
CY2013Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
758586000 USD
CY2013Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51490000 USD
CY2012Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60551000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
35282000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
40236000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
35282000 USD
CY2012Q4 us-gaap Noninterest Expense
NoninterestExpense
38298000 USD
CY2013Q4 us-gaap Noninterest Expense
NoninterestExpense
44120000 USD
CY2013Q4 us-gaap Noninterest Income
NoninterestIncome
5788000 USD
CY2012Q4 us-gaap Noninterest Income
NoninterestIncome
4957000 USD
CY2012Q4 us-gaap Occupancy Net
OccupancyNet
4446000 USD
CY2013Q4 us-gaap Occupancy Net
OccupancyNet
5618000 USD
CY2013Q3 us-gaap Other Assets
OtherAssets
125076000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
127836000 USD
CY2012Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1667000 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6183000 USD
CY2011Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1667000 USD
CY2012Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-2636000 USD
CY2013Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-9661000 USD
CY2013Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3478000 USD
CY2012Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-969000 USD
CY2013Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
6693000 USD
CY2012Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
6646000 USD
CY2012Q4 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1382000 USD
CY2013Q4 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1376000 USD
CY2012Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44747000 USD
CY2013Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18945000 USD
CY2013Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10179000 USD
CY2012Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17250000 USD
CY2013Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
565080000 USD
CY2012Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
261966000 USD
CY2013Q4 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 USD
CY2012Q4 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
264781000 USD
CY2012Q4 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2013Q4 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
625000000 USD
CY2013Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
76805000 USD
CY2012Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
31404000 USD
CY2013Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
23117000 USD
CY2012Q4 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
50522000 USD
CY2012Q4 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
43899000 USD
CY2013Q4 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2012Q4 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
24370000 USD
CY2013Q4 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
12566000 USD
CY2012Q4 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5775000 USD
CY2013Q4 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1729000 USD
CY2013Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9280000 USD
CY2012Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
63000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
206172000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
224745000 USD
CY2012Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3600000 USD
CY2013Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-4600000 USD
CY2013Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
71537000 USD
CY2013Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
72925000 USD
CY2013Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
9392000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
11656000 USD
CY2013Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
60511000 USD
CY2013Q3 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
66301000 USD
CY2013Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
625000000 USD
CY2012Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
22471000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
624507000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
594450000 USD
CY2013Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
840000 USD
CY2011Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
893000 USD
CY2011Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 USD
CY2011Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
33492000 USD
CY2013Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000 USD
CY2011Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
63000 USD
CY2013Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9280000 USD
CY2012Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
300000 USD
CY2013Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
300000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
1937635000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1952984000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1914678000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
1899752000 USD
CY2013Q3 us-gaap Time Deposits
TimeDeposits
5549429000 USD
CY2013Q3 wfsl Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
19686000 USD
CY2013Q4 wfsl Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
14428000 USD
CY2013Q3 wfsl Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
9602000 USD
CY2013Q4 us-gaap Time Deposits
TimeDeposits
5688802000 USD
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
30942704 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
30087804 shares
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
420817000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
439762000 USD
CY2013Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18945000 USD
CY2011Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
44747000 USD
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102813154 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106043914 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102329578 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105998184 shares
CY2013 wfsl Additions To Fdic Indemnification Asset
AdditionsToFdicIndemnificationAsset
18101000 USD
CY2013Q4 wfsl Additions To Fdic Indemnification Asset
AdditionsToFdicIndemnificationAsset
0 USD
CY2013Q4 wfsl Affordable Housing Tax Credits Contingent Commitmentsfor Equity Contributionsin Current Fiscal Year
AffordableHousingTaxCreditsContingentCommitmentsforEquityContributionsinCurrentFiscalYear
27000000 USD
CY2013Q4 wfsl Affordable Housing Tax Credits Expectedtobe Recognizedin Current F Iscal Year
AffordableHousingTaxCreditsExpectedtobeRecognizedinCurrentFIscalYear
3000000 USD
CY2013Q4 wfsl Affordable Housing Tax Credits Income Tax Expense Expectedtobe Recognizedin Current Fiscal Year
AffordableHousingTaxCreditsIncomeTaxExpenseExpectedtobeRecognizedinCurrentFiscalYear
4000000 USD
CY2013Q4 wfsl Affordable Housing Tax Credits Net Investment Balance Recognized
AffordableHousingTaxCreditsNetInvestmentBalanceRecognized
25000000 USD
CY2013Q4 wfsl Amortization Accretion Of Fees Discounts Premiums And Intangible Assets Net
AmortizationAccretionOfFeesDiscountsPremiumsAndIntangibleAssetsNet
1057000 USD
CY2012Q4 wfsl Amortization Accretion Of Fees Discounts Premiums And Intangible Assets Net
AmortizationAccretionOfFeesDiscountsPremiumsAndIntangibleAssetsNet
536000 USD
CY2013Q4 wfsl Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
14121000 USD
CY2013Q3 wfsl Available For Sale Securities Yield
AvailableForSaleSecuritiesYield
0.0170
CY2013Q4 wfsl Available For Sale Securities Yield
AvailableForSaleSecuritiesYield
0.0200
CY2013Q4 wfsl Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Customer Accounts
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedCustomerAccounts
1314478000 USD
CY2013Q4 wfsl Covered Assets
CoveredAssets
277343000 USD
CY2013Q3 wfsl Covered Assets
CoveredAssets
326927000 USD
CY2013Q4 wfsl Covered Loans Allowance For Losses
CoveredLoansAllowanceForLosses
0 USD
CY2013Q3 wfsl Covered Loans Allowance For Losses
CoveredLoansAllowanceForLosses
0 USD
CY2013Q4 wfsl Covered Real Estate Acquired Through Foreclosure
CoveredRealEstateAcquiredThroughForeclosure
179000 USD
CY2012Q4 wfsl Covered Real Estate Acquired Through Foreclosure
CoveredRealEstateAcquiredThroughForeclosure
3096000 USD
CY2013Q4 wfsl Discount On Acquired Loans
DiscountOnAcquiredLoans
31485000 USD
CY2013Q3 wfsl Discount On Acquired Loans
DiscountOnAcquiredLoans
34143000 USD
CY2013 wfsl Fdic Indemnification Asset Amortization
FdicIndemnificationAssetAmortization
28722000 USD
CY2013Q4 wfsl Fdic Indemnification Asset Amortization
FdicIndemnificationAssetAmortization
5717000 USD
CY2013Q4 wfsl Fdic Indemnification Asset Discount Accretion
FdicIndemnificationAssetDiscountAccretion
215000 USD
CY2013 wfsl Fdic Indemnification Asset Discount Accretion
FdicIndemnificationAssetDiscountAccretion
1086000 USD
CY2013Q4 wfsl Fdic Indemnification Asset Payments
FdicIndemnificationAssetPayments
1295000 USD
CY2013 wfsl Fdic Indemnification Asset Payments
FdicIndemnificationAssetPayments
13421000 USD
CY2013Q3 wfsl Fdic Loss Share Receivable
FdicLossShareReceivable
64615000 USD
CY2013Q4 wfsl Fdic Loss Share Receivable
FdicLossShareReceivable
57818000 USD
CY2012Q3 wfsl Fdic Loss Share Receivable
FdicLossShareReceivable
87571000 USD
CY2013Q4 wfsl Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
-6017000 USD
CY2012Q4 wfsl Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
9920000 USD
CY2013 wfsl Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
1350000 USD
CY2013Q4 wfsl Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
-4600000 USD
CY2013Q4 wfsl Financing Receivable Modifications Number Of Contracts During Period
FinancingReceivableModificationsNumberOfContractsDuringPeriod
124 contract
CY2012Q4 wfsl Financing Receivable Modifications Number Of Contracts During Period
FinancingReceivableModificationsNumberOfContractsDuringPeriod
118 contract
CY2012Q4 wfsl Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
36 contract
CY2013Q4 wfsl Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
26 contract
CY2013Q4 wfsl Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
27028000 USD
CY2012Q4 wfsl Financing Receivable Modifications Post Modification Recorded Investment During Period
FinancingReceivableModificationsPostModificationRecordedInvestmentDuringPeriod
33746000 USD
CY2012Q4 wfsl Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
33746000 USD
CY2013Q4 wfsl Financing Receivable Modifications Pre Modification Recorded Investment During Period
FinancingReceivableModificationsPreModificationRecordedInvestmentDuringPeriod
27028000 USD
CY2012Q4 wfsl Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
8402000 USD
CY2013Q4 wfsl Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
3790000 USD
CY2013Q4 wfsl Gain Loss On Sale Of Investments In Securities And Other
GainLossOnSaleOfInvestmentsInSecuritiesAndOther
597000 USD
CY2012Q4 wfsl Gain Loss On Sale Of Investments In Securities And Other
GainLossOnSaleOfInvestmentsInSecuritiesAndOther
-1193000 USD
CY2013Q3 wfsl Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
264318000 USD
CY2013Q4 wfsl Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
299019000 USD
CY2013Q3 wfsl Gross Unrealized Gains On Investments
GrossUnrealizedGainsOnInvestments
23073000 USD
CY2013Q4 wfsl Gross Unrealized Gains On Investments
GrossUnrealizedGainsOnInvestments
15837000 USD
CY2013Q3 wfsl Gross Unrealized Losses On Investments
GrossUnrealizedLossesOnInvestments
84806000 USD
CY2013Q4 wfsl Gross Unrealized Losses On Investments
GrossUnrealizedLossesOnInvestments
125076000 USD
CY2012Q4 wfsl Increase Decrease In Fdic Indemnification Asset
IncreaseDecreaseInFdicIndemnificationAsset
4566000 USD
CY2013Q4 wfsl Increase Decrease In Fdic Indemnification Asset
IncreaseDecreaseInFdicIndemnificationAsset
1295000 USD
CY2013Q4 wfsl Investment Income And Other
InvestmentIncomeAndOther
4663000 USD
CY2012Q4 wfsl Investment Income And Other
InvestmentIncomeAndOther
2734000 USD
CY2013Q4 wfsl Loan Modification Basis Point Reduction Maximum
LoanModificationBasisPointReductionMaximum
0.02
CY2013Q4 wfsl Loan Modification Basis Point Reduction Minimum
LoanModificationBasisPointReductionMinimum
0.01
CY2013Q4 wfsl Loans And Leases Receivable1 To30 Days Past Due
LoansAndLeasesReceivable1To30DaysPastDue
40851000 USD
CY2013Q3 wfsl Loans And Leases Receivable1 To30 Days Past Due
LoansAndLeasesReceivable1To30DaysPastDue
35179000 USD
CY2013Q4 wfsl Loans And Leases Receivable31 To60 Days Past Due
LoansAndLeasesReceivable31To60DaysPastDue
11494000 USD
CY2013Q3 wfsl Loans And Leases Receivable31 To60 Days Past Due
LoansAndLeasesReceivable31To60DaysPastDue
14933000 USD
CY2013Q4 wfsl Loans And Leases Receivable61 To90 Days Past Due
LoansAndLeasesReceivable61To90DaysPastDue
89699000 USD
CY2013Q3 wfsl Loans And Leases Receivable61 To90 Days Past Due
LoansAndLeasesReceivable61To90DaysPastDue
101521000 USD
CY2013Q4 wfsl Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
458751000 USD
CY2013Q3 wfsl Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
462515000 USD
CY2013Q4 wfsl Loans And Leases Receivable Covered Loans Gross
LoansAndLeasesReceivableCoveredLoansGross
313204000 USD
CY2013Q3 wfsl Loans And Leases Receivable Covered Loans Gross
LoansAndLeasesReceivableCoveredLoansGross
362248000 USD
CY2013Q3 wfsl Loans And Leases Receivable Covered Loans Net Reported Amount
LoansAndLeasesReceivableCoveredLoansNetReportedAmount
295947000 USD
CY2013Q4 wfsl Loans And Leases Receivable Covered Loans Net Reported Amount
LoansAndLeasesReceivableCoveredLoansNetReportedAmount
252693000 USD
CY2013Q4 wfsl Loans And Leases Receivable Current Status
LoansAndLeasesReceivableCurrentStatus
7695002000 USD
CY2013Q3 wfsl Loans And Leases Receivable Current Status
LoansAndLeasesReceivableCurrentStatus
7563335000 USD
CY2013Q4 wfsl Loans And Leases Receivable Past Due
LoansAndLeasesReceivablePastDue
142044000 USD
CY2013Q3 wfsl Loans And Leases Receivable Past Due
LoansAndLeasesReceivablePastDue
151633000 USD
CY2013Q4 wfsl Loans And Leases Receivable Ratio Of Loan Type To All Loans
LoansAndLeasesReceivableRatioOfLoanTypeToAllLoans
1
CY2013Q3 wfsl Loans And Leases Receivable Ratio Of Loan Type To All Loans
LoansAndLeasesReceivableRatioOfLoanTypeToAllLoans
1
CY2013Q4 wfsl Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
0.0181
CY2013Q3 wfsl Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
0.0197
CY2013Q4 wfsl Loans And Leases Receivable Ratio Of Type Of Nonperforming Loans To All Nonperforming Loans
LoansAndLeasesReceivableRatioOfTypeOfNonperformingLoansToAllNonperformingLoans
1
CY2013Q3 wfsl Loans And Leases Receivable Ratio Of Type Of Nonperforming Loans To All Nonperforming Loans
LoansAndLeasesReceivableRatioOfTypeOfNonperformingLoansToAllNonperformingLoans
1
CY2013Q4 wfsl Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
-68870000 USD
CY2012Q4 wfsl Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
187382000 USD
CY2013Q4 wfsl Loans Receivable Net Of Charge Offs And Loans In Proces
LoansReceivableNetOfChargeOffsAndLoansInProces
7837046000 USD
CY2013Q3 wfsl Loans Receivable Net Of Charge Offs And Loans In Proces
LoansReceivableNetOfChargeOffsAndLoansInProces
7714968000 USD
CY2012Q4 wfsl Net Fair Value Of Assets Liabilities
NetFairValueOfAssetsLiabilities
43895000 USD
CY2013Q4 wfsl Net Fair Value Of Assets Liabilities
NetFairValueOfAssetsLiabilities
-1280077000 USD
CY2012Q4 wfsl Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
22762000 USD
CY2013Q4 wfsl Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
9956000 USD
CY2013Q4 wfsl Percentage Increase Decrease In Nonperforming Assets
PercentageIncreaseDecreaseInNonperformingAssets
-0.297
CY2012Q4 wfsl Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
12185000 USD
CY2013Q4 wfsl Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
9232000 USD
CY2013Q4 wfsl Proceeds From Sales Of Covered Real Estate Owned
ProceedsFromSalesOfCoveredRealEstateOwned
6098000 USD
CY2012Q4 wfsl Proceeds From Sales Of Covered Real Estate Owned
ProceedsFromSalesOfCoveredRealEstateOwned
3043000 USD
CY2013Q3 wfsl Real Estate Held For Sale Covered Real Estate Held For Sale
RealEstateHeldForSaleCoveredRealEstateHeldForSale
30980000 USD
CY2013Q4 wfsl Real Estate Held For Sale Covered Real Estate Held For Sale
RealEstateHeldForSaleCoveredRealEstateHeldForSale
24650000 USD
CY2013Q3 wfsl Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
9090271000 USD
CY2013Q4 wfsl Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
10402726000 USD
CY2013Q4 wfsl Single Family Residential Loans As Percentage Of Restructured Loans
SingleFamilyResidentialLoansAsPercentageOfRestructuredLoans
0.858
CY2013Q4 wfsl Term Of Contractual Due Dates Of Substantially All Mortgage Backed Securities
TermOfContractualDueDatesOfSubstantiallyAllMortgageBackedSecurities
P10Y
CY2013Q3 wfsl Transaction Deposits
TransactionDeposits
3540842000 USD
CY2013Q4 wfsl Transaction Deposits
TransactionDeposits
4713924000 USD
CY2013Q3 wfsl Yield
Yield
0.0230
CY2013Q4 wfsl Yield
Yield
0.0241
CY2013Q4 dei Amendment Flag
AmendmentFlag
false
CY2013Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2013Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q4 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013Q4 dei Document Type
DocumentType
10-Q
CY2013Q4 dei Entity Central Index Key
EntityCentralIndexKey
0000936528
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
102510030 shares
CY2013Q4 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q4 dei Entity Registrant Name
EntityRegistrantName
WASHINGTON FEDERAL INC

Files In Submission

Name View Source Status
0000936528-14-000016-index-headers.html Edgar Link pending
0000936528-14-000016-index.html Edgar Link pending
0000936528-14-000016.txt Edgar Link pending
0000936528-14-000016-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
wafd10-qex31112312013.htm Edgar Link pending
wafd10-qex31212312013.htm Edgar Link pending
wafd10-qex3212312013.htm Edgar Link pending
wafd1231201310-q.htm Edgar Link pending
wfsl-20131231.xml Edgar Link completed
wfsl-20131231.xsd Edgar Link pending
wfsl-20131231_cal.xml Edgar Link unprocessable
wfsl-20131231_def.xml Edgar Link unprocessable
wfsl-20131231_lab.xml Edgar Link unprocessable
wfsl-20131231_pre.xml Edgar Link unprocessable