XML 91 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Information - Washington Federal, INC.
 12 Months Ended
Sep. 30, 2014
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.
 
Condensed Statements of Financial Condition
 
 
 
September 30,
2014
 
2013
 
(In thousands)
Assets
 
 
 
Cash
$
3,895

 
$
66,425

Investment in subsidiary
1,983,788

 
1,881,458

Other assets
—

 
—

Total assets
$
1,987,683

 
$
1,947,883

 
 
 
 
Liabilities
 
 
 
Dividend payable and other liabilities
$
14,400

 
$
10,248

Total liabilities
14,400

 
10,248

 
 
 
 
Stockholders’ equity
 
 
 
Total stockholders’ equity
1,973,283

 
1,937,635

Total liabilities and stockholders’ equity
$
1,987,683

 
$
1,947,883



Condensed Statements of Operations
 
 
 
Year ended September 30,
2014
2013
2012
 
(In thousands)
Income
 
 
 
Dividends from subsidiary
$
70,000

$
143,799

$
106,234

Total Income
70,000

143,799

106,234

Expense
 
 
 
Miscellaneous
485

530

564

Total expense
485

530

564

 
 
 
 
Net income before equity in undistributed net income of subsidiary
69,515

143,269

105,670

 
 
 
 
Equity in undistributed net income of subsidiary
87,675

8,045

32,513

Income before income taxes
157,190

151,314

138,183

Income tax benefit
174

191

—

Net income
$
157,364

$
151,505

$
138,183


Condensed Statements of Cash Flows
 
 
 
Year ended September 30,
2014
2013
2012
 
(In thousands)
Cash Flows From Operating Activities
 
 
 
Net income
$
157,364

$
151,505

$
138,183

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Equity in undistributed net income of subsidiaries
(87,943
)
(4,893
)
(32,513
)
Decrease (increase) in other assets
1

1

36

Increase in other liabilities
4,152

1,698

2,508

Net cash provided by operating activities
73,574

148,311

108,214

 
 
 
 
Cash Flows From Financing Activities
 
 
 
Proceeds from exercise of common stock options and related tax benefit
10,252

4,261

357

Treasury stock purchased
(104,291
)
(110,238
)
(41,914
)
Dividends paid on common stock
(42,065
)
(37,835
)
(32,430
)
Net cash used in financing activities
(136,104
)
(143,812
)
(73,987
)
 
 
 
 
Increase (decrease) in cash
(62,530
)
4,499

34,227

Cash at beginning of year
66,425

61,926

27,699

Cash at end of year
$
3,895

$
66,425

$
61,926