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Financial Information - Washington Federal, Inc.

12 Months Ended

Sep. 30, 2018

Condensed Financial Information 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, 2018			September 30, 2017
	(In thousands)
Assets
Cash	$	20,334		$	33,077
Investment in subsidiary	1,980,062			1,972,675
Total assets	$	2,000,396		$	2,005,752
Liabilities
Other liabilities	$	3,488		$	64
Total liabilities	3,488			64
Stockholders’ equity
Total stockholders’ equity	1,996,908			2,005,688
Total liabilities and stockholders’ equity	$	2,000,396		$	2,005,752

Condensed Statements of Operations
Twelve Months Ended September 30,	2018			2017			2016
	(In thousands)
Income
Dividends from subsidiary	$	198,294		$	171,500		$	148,000
Total Income	198,294			171,500			148,000
Expense
Miscellaneous	439			435			435
Total expense	439			435			435
Net income (loss) before equity in undistributed net income (loss) of subsidiary	197,855			171,065			147,565
Equity in undistributed net income (loss) of subsidiaries	5,880			2,326			16,336
Income before income taxes	203,735			173,391			163,901
Income tax benefit (expense)	115			141			148
Net income	$	203,850		$	173,532		$	164,049

Condensed Statements of Cash Flows
Twelve Months Ended September 30,	2018			2017			2016
	(In thousands)
Cash Flows From Operating Activities
Net income	$	203,850		$	173,532		$	164,049
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income (loss) of subsidiaries	(5,880		)	(2,326		)	(16,336		)
Stock based compensation expense	4,771			5,910			3,659
Decrease (increase) in other assets	—			15			(15		)
Increase (decrease) in other liabilities	3,424			(2,699		)	1,552
Net cash provided by (used in) operating activities	206,165			174,432			152,909
Cash Flows From Financing Activities
Proceeds from exercise of common stock options and related tax benefit	1,338			7,238			9,283
Warrants purchased	—			—			(7,744		)
Treasury stock purchased	(164,249		)	(98,374		)	(87,850		)
Dividends paid on common stock	(55,997		)	(74,519		)	(49,926		)
Net cash provided by (used in) financing activities	(218,908		)	(165,655		)	(136,237		)
Increase (decrease) in cash	(12,743		)	8,777			16,672
Cash at beginning of year	33,077			24,300			7,628
Cash at end of year	$	20,334		$	33,077		$	24,300

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- References

No definition available.

+ Details

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 2
-Subparagraph (SX 210.9-06)
-URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884

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