2018 Q4 Form 10-Q Financial Statement

#000093652819000016 Filed on January 25, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $162.6M $145.8M
YoY Change 11.55% 9.8%
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 $7.388M $15.27M
YoY Change -51.63% 26.36%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $43.47M $30.05M
YoY Change 44.68% 1.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $67.31M $60.64M
YoY Change 11.01% -0.77%
Income Tax $14.37M $8.965M
% Of Pretax Income 21.34% 14.79%
Net Earnings $52.94M $51.67M
YoY Change 2.46% 25.27%
Net Earnings / Revenue 32.56% 35.44%
Basic Earnings Per Share $0.65 $0.59
Diluted Earnings Per Share $0.65 $0.59
COMMON SHARES
Basic Shares Outstanding 81.79M shares 86.94M shares
Diluted Shares Outstanding 81.83M shares 87.08M shares

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $283.4M $309.7M
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 $276.7M $264.6M
YoY Change 4.55% -4.03%
Goodwill $301.4M $300.3M
YoY Change 0.36% 3.01%
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 $16.19B $15.58B
YoY Change 3.88% 4.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $71.00M $134.0M
YoY Change -47.01% 8.94%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $78.00M $134.0M
YoY Change -41.79% 8.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $25.00M $24.00M
YoY Change 4.17% 0.0%
Total Long-Term Liabilities $25.00M $24.00M
YoY Change 4.17% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.00M $134.0M
Total Long-Term Liabilities $25.00M $24.00M
Total Liabilities $14.21B $13.57B
YoY Change 4.65% 5.44%
SHAREHOLDERS EQUITY
Retained Earnings $1.227B $1.082B
YoY Change 13.48% 11.19%
Common Stock $1.804B $1.797B
YoY Change 0.39% 0.41%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.051B $877.0M
YoY Change 19.86% 15.39%
Treasury Stock Shares 54.37M shares 48.91M shares
Shareholders Equity $1.983B $2.010B
YoY Change
Total Liabilities & Shareholders Equity $16.19B $15.58B
YoY Change 3.88% 4.78%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $52.94M $51.67M
YoY Change 2.46% 25.27%
Depreciation, Depletion And Amortization $7.388M $15.27M
YoY Change -51.63% 26.36%
Cash From Operating Activities $60.27M $58.10M
YoY Change 3.72% 38.79%
INVESTING ACTIVITIES
Capital Expenditures -$18.60M -$6.500M
YoY Change 186.15% 195.45%
Acquisitions
YoY Change
Other Investing Activities -$312.2M -$327.2M
YoY Change -4.58% 262.75%
Cash From Investing Activities -$330.8M -$333.7M
YoY Change -0.86% 260.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $48.93M $38.98M
YoY Change 25.51% 91.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $285.3M $272.2M
YoY Change 4.8% -28812.97%
NET CHANGE
Cash From Operating Activities $60.27M $58.10M
Cash From Investing Activities -$330.8M -$333.7M
Cash From Financing Activities $285.3M $272.2M
Net Change In Cash $14.73M -$3.357M
YoY Change -538.64% -93.49%
FREE CASH FLOW
Cash From Operating Activities $60.27M $58.10M
Capital Expenditures -$18.60M -$6.500M
Free Cash Flow $78.87M $64.60M
YoY Change 22.07% 46.61%

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0 USD
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0 USD
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1 contract
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1 contract
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44000 USD
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0.9958
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0.9958
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0.0042
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0.0042
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0.960
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2416000 USD
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0 USD
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310776000 USD
CY2018Q3 wfsl Gross Unrealized Gains On Investments
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5018000 USD
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8187000 USD
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93182000 USD
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65514000 USD
CY2018Q3 wfsl Held To Maturity Securities Yield
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CY2017Q4 wfsl Investment Income And Other
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4370000 USD
CY2018Q4 wfsl Investment Income And Other
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6365000 USD
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CY2018Q4 wfsl Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
1320229000 USD
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1
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1
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0.0042
CY2018Q4 wfsl Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
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0.0042
CY2017Q4 wfsl Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
-80089000 USD
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LoansOriginatedNetOfPrincipalCollections
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LoansReceivableNetofChargeOffsandLoansinProcess
11658172000 USD
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LoansReceivableNetofChargeOffsandLoansinProcess
11882160000 USD
CY2018Q4 wfsl Loansand Leases Receivable Allowancefor Credit Lossesand Reservefor Unfunded Commitments
LoansandLeasesReceivableAllowanceforCreditLossesandReserveforUnfundedCommitments
137415000 USD
CY2018Q4 wfsl Loansand Leases Receivable Allowancefor Credit Lossesand Reservefor Unfunded Commitments Percentof Gross Loans
LoansandLeasesReceivableAllowanceforCreditLossesandReserveforUnfundedCommitmentsPercentofGrossLoans
0.0106
CY2018Q4 wfsl Loansand Leases Receivable Impaired Nonperforming Nonaccrual Interest Income Recognized
LoansandLeasesReceivableImpairedNonperformingNonaccrualInterestIncomeRecognized
843000 USD
CY2018Q3 wfsl Loansand Leases Receivable Nonperforming Nonaccrualof Interest Percentof Total Loans
LoansandLeasesReceivableNonperformingNonaccrualofInterestPercentofTotalLoans
0.0049
CY2018Q4 wfsl Loansand Leases Receivable Nonperforming Nonaccrualof Interest Percentof Total Loans
LoansandLeasesReceivableNonperformingNonaccrualofInterestPercentofTotalLoans
0.0044
CY2017Q4 wfsl Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
773000 USD
CY2018Q4 wfsl Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
116000 USD
CY2017Q4 wfsl Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
6485000 USD
CY2018Q4 wfsl Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
18562000 USD
CY2017Q4 wfsl Product Delivery Expense
ProductDeliveryExpense
3956000 USD
CY2018Q4 wfsl Product Delivery Expense
ProductDeliveryExpense
4021000 USD
CY2018Q4 wfsl Revenue From Contract With Customer Percentage
RevenueFromContractWithCustomerPercentage
0.049
CY2018Q3 wfsl Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
11387146000 USD
CY2018Q4 wfsl Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
11561692000 USD
CY2018Q4 wfsl Single Family Residential Loans As Percentage Of Restructured Loans
SingleFamilyResidentialLoansAsPercentageOfRestructuredLoans
0.894
CY2018Q4 wfsl Term Of Contractual Due Dates Of Substantially All Mortgage Backed Securities
TermOfContractualDueDatesOfSubstantiallyAllMortgageBackedSecurities
P10Y
CY2018Q3 wfsl Transaction Deposits
TransactionDeposits
6582343000 USD
CY2018Q4 wfsl Transaction Deposits
TransactionDeposits
6744346000 USD
CY2018Q3 wfsl Yield
Yield
0.0322
CY2018Q4 wfsl Yield
Yield
0.0329

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