Financial Information - Washington Federal, INC.

12 Months Ended

Sep. 30, 2017

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, 2017		September 30, 2016
	(In thousands)
Assets
Cash	$	33,077	$	24,300
Other assets	—		15
Investment in subsidiary	1,972,675		1,954,179
Total assets	$	2,005,752	$	1,978,494
Liabilities
Other liabilities	$	64	$	2,763
Total liabilities	64		2,763
Stockholders’ equity
Total stockholders’ equity	2,005,688		1,975,731
Total liabilities and stockholders’ equity	$	2,005,752	$	1,978,494

Condensed Statements of Operations
Twelve Months Ended September 30,	2017		2016		2015
	(In thousands)
Income
Dividends from subsidiary	$	171,500	$	148,000	$	175,000
Total Income	171,500		148,000		175,000
Expense
Miscellaneous	435		435		439
Total expense	435		435		439
Net income (loss) before equity in undistributed net income (loss) of subsidiary	171,065		147,565		174,561
Equity in undistributed net income of subsidiary	2,326		16,336		(14,402		)
Income before income taxes	173,391		163,901		160,159
Income tax benefit (expense)	141		148		157
Net income	$	173,532	$	164,049	$	160,316

Condensed Statements of Cash Flows
Twelve Months Ended September 30,	2017			2016			2015
	(In thousands)
Cash Flows From Operating Activities
Net income	$	173,532		$	164,049		$	160,316
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income (loss) of subsidiaries	3,584			(12,677		)	32,375
Decrease (increase) in other assets	15			(15		)	—
Increase (decrease) in other liabilities	(2,699		)	1,552			(13,189		)
Net cash provided by (used in) operating activities	174,432			152,909			179,502
Cash Flows From Financing Activities
Proceeds from exercise of common stock options and related tax benefit	7,238			9,283			2,070
Warrants purchased	—			(7,744		)	—
Treasury stock purchased	(98,374		)	(87,850		)	(126,728		)
Dividends paid on common stock	(74,519		)	(49,926		)	(51,111		)
Net cash provided by (used in) financing activities	(165,655		)	(136,237		)	(175,769		)
Increase (decrease) in cash	8,777			16,672			3,733
Cash at beginning of year	24,300			7,628			3,895
Cash at end of year	$	33,077		$	24,300		$	7,628