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Financial Information - Washington Federal, INC.
 12 Months Ended
Sep. 30, 2015
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,
2015
 
2014
 
(In thousands)
Assets
 
 
 
Cash
$
7,628

 
$
3,895

Investment in subsidiary
1,949,262

 
1,983,788

Total assets
$
1,956,890

 
$
1,987,683

 
 
 
 
Liabilities
 
 
 
Dividend payable and other liabilities
$
1,211

 
$
14,400

Total liabilities
1,211

 
14,400

 
 
 
 
Stockholders’ equity
 
 
 
Total stockholders’ equity
1,955,679

 
1,973,283

Total liabilities and stockholders’ equity
$
1,956,890

 
$
1,987,683



Condensed Statements of Operations
 
 
 
Year ended September 30,
2015
2014
2013
 
(In thousands)
Income
 
 
 
Dividends from subsidiary
$
175,000

$
70,000

$
143,799

Total Income
175,000

70,000

143,799

Expense
 
 
 
Miscellaneous
439

485

530

Total expense
439

485

530

 
 
 
 
Net income before equity in undistributed net income of subsidiary
174,561

69,515

143,269

Equity in undistributed net income of subsidiary
(14,402
)
87,675

8,045

Income before income taxes
160,159

157,190

151,314

Income tax benefit
157

174

191

Net income
$
160,316

$
157,364

$
151,505


Condensed Statements of Cash Flows
 
 
 
Year ended September 30,
2015
2014
2013
 
(In thousands)
Cash Flows From Operating Activities
 
 
 
Net income
$
160,316

$
157,364

$
151,505

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Equity in undistributed net income of subsidiaries
32,375

(87,943
)
(4,893
)
Decrease (increase) in other assets
—

1

1

Increase in other liabilities
(13,189
)
4,152

1,698

Net cash provided by operating activities
179,502

73,574

148,311

 
 
 
 
Cash Flows From Financing Activities
 
 
 
Proceeds from exercise of common stock options and related tax benefit
2,070

10,252

4,261

Treasury stock purchased
(126,728
)
(104,291
)
(110,238
)
Dividends paid on common stock
(51,111
)
(42,065
)
(37,835
)
Net cash used in financing activities
(175,769
)
(136,104
)
(143,812
)
 
 
 
 
Increase (decrease) in cash
3,733

(62,530
)
4,499

Cash at beginning of year
3,895

66,425

61,926

Cash at end of year
$
7,628

$
3,895

$
66,425