WAFD INC
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
WAFD$29.44-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $138,901 | $207,218 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization, accretion and other, net | 194,150 | 15,667 |
| Stock-based compensation expense | 7,437 | 5,923 |
| Provision (release) for credit losses | 17,500 | 15,000 |
| Loss (gain) on sale of investment securities | (250) | (3) |
| Gain on settlements of bank owned life insurance | — | (821) |
| Net realized (gain) loss on sales of premises, equipment, and real estate owned | (2,531) | (1,033) |
| Impairment loss on premises and equipment | — | 6 |
| Decrease (increase) in accrued interest receivable | 9,290 | (18,059) |
| Decrease (increase) in federal and state income tax receivable | 9,246 | — |
| Decrease (increase) in cash surrender value of bank owned life insurance | (5,119) | (4,409) |
| Decrease (increase) in other assets | 42,415 | (50,642) |
| Increase (decrease) in federal and state income tax liabilities | — | (674) |
| Increase (decrease) in accrued expenses and other liabilities | (68,427) | (37,095) |
| Net cash provided by (used in) operating activities | 342,612 | 131,078 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Origination of loans and principal repayments, net | (447,832) | (1,208,282) |
| Loans purchased | — | (79,965) |
| Loans held for sale | — | — |
| FHLB stock purchased | (517,575) | (510,805) |
| FHLB stock redeemed | 608,775 | 475,003 |
| Available-for-sale securities purchased | (321,308) | (317,027) |
| Principal payments and maturities of available-for-sale securities | 270,178 | 339,604 |
| Proceeds from sales of available-for-sale securities | 179,215 | 94 |
| Held-to-maturity securities purchased | (47,092) | — |
| Principal payments and maturities of held-to-maturity securities | 25,503 | 28,895 |
| Proceeds from sales of real estate owned | 6,271 | 2,715 |
| Proceeds from settlement of bank owned life insurance | — | 1,809 |
| Purchase of strategic investments | (4,097) | (7,500) |
| Net cash received (paid) in business combinations | 623,583 | (785) |
| Proceeds from sales of loans | 2,564,791 | — |
| Proceeds from sales of premises and equipment | 1,341 | 947 |
| Premises and equipment purchased and REO improvements | (17,482) | (11,217) |
| Net cash provided by (used in) investing activities | 2,924,271 | (1,286,514) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase (decrease) in customer accounts | (517,961) | 90,854 |
| Proceeds from borrowings | 15,936,735 | 13,575,000 |
| Repayments of borrowings | (17,072,226) | (11,950,000) |
| Proceeds from stock-based awards | 2,488 | 1,039 |
| Dividends paid on common stock | (53,404) | (47,826) |
| Dividends paid on preferred stock | (10,969) | (10,968) |
| Proceeds from employee stock purchase | 780 | — |
| Treasury stock purchased | (26,819) | (30,450) |
| Increase (decrease) in advances payments by borrowers for taxes and insurance | (13,652) | (16,535) |
| Net cash provided by (used in) financing activities | (1,755,028) | 1,611,114 |
| Increase (decrease) in cash and cash equivalents | 1,511,855 | 455,678 |
| Cash, cash equivalents and restricted cash at beginning of period | 980,649 | 683,965 |
| Cash, cash equivalents and restricted cash at end of period | $2,492,504 | $1,139,643 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Non-cash investing activities | ||
| Real estate acquired through foreclosure | $— | $121 |
| Non-cash financing activities | ||
| Preferred stock dividend payable | 3,656 | 3,656 |
| Cash paid (received) during the period for | ||
| Interest | 534,614 | 243,465 |
| Income tax | 14,065 | 47,251 |
| The following summarizes the non-cash activities related to acquisitions | ||
| Fair value of assets and intangibles acquired | $7,676,486 | $— |
| Fair value of liabilities assumed | (7,316,542) | — |
| Net fair value of assets (liabilities) | $359,944 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.