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Financial Information - Washington Federal, Inc. | 12 Months Ended
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Sep. 30, 2022
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, 2022 | September 30, 2021
| (In thousands)
Assets |  |
Cash | $ | 130,502 |  | $ | 28,696 |
Other assets | 5,000 |  | 5,000 |
Investment in subsidiary | 2,143,116 |  | 2,096,464 |
Total assets | $ | 2,278,618 |  | $ | 2,130,160 |
Liabilities |  |
Dividend payable on preferred stock | $ | 3,656 |  | $ | 3,656 |
Other liabilities | 702 |  | 440 |
Total liabilities | 4,358 |  | 4,096 |
Shareholders’ equity |  |
Total shareholders’ equity | 2,274,260 |  | 2,126,064 |
Total liabilities and shareholders’ equity | $ | 2,278,618 |  | $ | 2,130,160 |
Condensed Statements of Operations |  |  |
Twelve Months Ended September 30, | 2022 | 2021 | 2020
| (In thousands)
Income |  |  |
Dividends from subsidiary | $ | 172,850 |  | $ | 92,400 |  | $ | 190,900 |
Total Income | 172,850 |  | 92,400 |  | 190,900 |
Expense |  |  |
Miscellaneous expense | 619 |  | 626 |  | 529 |
Total expense | 619 |  | 626 |  | 529 |
Net income (loss) before equity in undistributed net income (loss) of subsidiary | 172,231 |  | 91,774 |  | 190,371 |
Equity in undistributed net income (loss) of subsidiaries | 63,956 |  | 91,697 |  | (17,055) |
Income before income taxes | 236,187 |  | 183,471 |  | 173,316 |
Income tax benefit (expense) | 143 |  | 144 |  | 122 |
Net income | 236,330 |  | 183,615 |  | 173,438 |
Dividends on preferred stock | 14,625 |  | 10,034 |  | — |
Net income available to common shareholders | $ | 221,705 |  | $ | 173,581 |  | $ | 173,438 |
Condensed Statements of Cash Flows |  |  |
Twelve Months Ended September 30, | 2022 | 2021 | 2020
| (In thousands)
Cash Flows From Operating Activities |  |  |
Net income | $ | 236,330 |  | $ | 183,615 |  | $ | 173,438 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Undistributed earnings from investments in subsidiaries | (63,956) |  | (91,697) |  | — |
Distributions in excess of earnings from investments in subsidiaries | — |  | — |  | 17,055 |
Stock based compensation expense | 6,808 |  | 6,381 |  | 6,469 |
Increase (decrease) in other liabilities | 262 |  | 440 |  | — |
Net cash provided by (used in) operating activities | 179,444 |  | 98,739 |  | 196,962 |
Cash Flows From Investing Activities |  |  |
Purchase of strategic investments | — |  | — |  | — |
Net cash provided by (used in) investing activities | — |  | — |  | — |
Cash Flows From Financing Activities |  |  |
Proceeds from exercise of common stock options and related tax benefit | 1,823 |  | 339 |  | 144 |
Proceeds from issuance of preferred stock, net | — |  | 293,325 |  |
Treasury stock purchased | (3,260) |  | (348,651) |  | (112,133) |
Dividends on preferred stock | (14,625) |  | (6,378) |  | — |
Dividends on common stock | (61,576) |  | (65,876) |  | (66,496) |
Net cash provided by (used in) financing activities | (77,638) |  | (127,241) |  | (178,485) |
Increase (decrease) in cash | 101,806 |  | (28,502) |  | 18,477 |
Cash at beginning of year | 28,696 |  | 57,198 |  | 38,721 |
Cash at end of year | $ | 130,502 |  | $ | 28,696 |  | $ | 57,198 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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