XML 85 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Information - Washington Federal, INC.
 12 Months Ended
Sep. 30, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Financial Information - Washington Federal, INC.
FINANCIAL INFORMATION – WASHINGTON FEDERAL, INC.
The following Washington Federal, Inc. (parent company only) financial information should be read in conjunction with the other notes to the Consolidated Financial Statements.
 
Statements of Financial Condition
 
 
September 30,
2012
2011
 
(In thousands)
Assets
 
 
Cash
$
61,926

$
27,699

Investment in subsidiary
1,846,375

1,885,498

Other Assets
1

37

Dividend receivable
—

—

Total assets
$
1,908,302

$
1,913,234

Liabilities
 
 
Borrowed money
$
—

$
—

Dividend payable and other liabilities
8,550

6,700

Other liabilities
—

1

Total liabilities
8,550

6,701

Stockholders’ equity
 
 
Common stock, $1.00 par value, 300,000,000 shares authorized;
129,950,223 and 129,853,534 shares issued; 106,177,615 and 108,976,410 shares outstanding
$
129,950

$
129,854

Paid-in capital
1,586,295

1,582,843

Accumulated other comprehensive income (loss), net of tax
13,306

85,789

Treasury stock, at cost; 23,772,608 and 20,877,124 shares
(310,579
)
(268,665
)
Retained earnings
480,780

376,712

Total stockholders’ equity
1,899,752

1,906,533

Total liabilities and stockholders’ equity
$
1,908,302

$
1,913,234

 

Statements of Operations
 
 
 
Year ended September 30,
2012
2011
2010
 
(In thousands)
Income
 
 
 
Dividends from subsidiary
$
106,234

$
100,600

$
—

Other
—

—

14

Total Income
106,234

100,600

14

Expense



Miscellaneous
564

626

1,046
Total expense
564

626

1,046
 



Net income before equity in undistributed net income of subsidiary
105,670

99,974

(1,032
)
Equity in undistributed net income of subsidiary
32,513

11,167

119,324

Income before income taxes
138,183

111,141

118,292

Income tax benefit
—

—

361

Net income
$
138,183

$
111,141

$
118,653

 
 
 
 
Statements of Cash Flows
2012
2011
2010
 
(In thousands)
Cash Flows From Operating Activities
 
 
 
Net income
$
138,183

$
111,141

$
118,653

Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
Equity in undistributed net income of subsidiaries
(32,513
)
(4,382
)
(119,324
)
Decrease (increase) in dividend receivable
—

—

—

Decrease (increase) in other assets
36

(37
)
1,309

Increase (decrease) in other liabilities
2,508

1,121

(421
)
Net cash provided by (used in) operating activities
108,214

107,843

217

Cash Flows From Financing Activities
 
 
 
Proceeds from exercise of common stock options and related tax benefit
357

1,686

1,940

Proceeds from Employee Stock Ownership Plan
—

—

—

Net proceeds from follow on stock offering




—

Downstream stock offering proceeds to the Bank
—

—

—

Proceeds from issuance of preferred stock and warrants






Preferred stock redeemed






Increase (decrease) in borrowings
—

—

(14,310
)
Treasury stock purchased
(41,914
)
(59,680
)
—

Dividends paid on preferred stock






Dividends paid on common stock
(32,430
)
(26,796
)
(22,450
)
Net cash used by financing activities
(73,987
)
(84,790
)
(34,820
)
Increase (decrease) in cash
34,227

23,053

(34,603
)
Cash at beginning of year
27,699

4,646

39,249

Cash at end of year
$
61,926

$
27,699

$
4,646