Axos Financial Inc. (AX) Financial Statements (2024 and earlier)

Company Profile

Business Address 9205 WEST RUSSELL ROAD
LAS VEGAS, NV 89148
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,763,7232,382,0861,202,587715,6241,756,477511,125
Cash and cash equivalents1,763,7232,382,0861,202,587715,6241,756,477511,125
Financing receivable, accrued interest, after allowance for credit loss107,70077,900  
Total current assets:1,871,4232,459,9861,202,587715,6241,756,477511,125
Noncurrent Assets
Operating lease, right-of-use asset  63,56569,19664,07773,014
Property, plant and equipment  53,36436,20926,29630,56433,171
Intangible assets, net (including goodwill), including:146,793152,149156,405115,972125,389134,893
Goodwill97,67397,67395,67471,22271,22271,222
Intangible assets, net (excluding goodwill)  54,47660,73144,74954,16763,671
Other undisclosed intangible assets, net (including goodwill)49,120  1  
Total noncurrent assets:146,793269,078261,810206,345228,967168,064
Other undisclosed assets19,605,54817,619,40515,936,76813,343,59611,866,45610,541,049
TOTAL ASSETS:21,623,76420,348,46917,401,16514,265,56513,851,90011,220,238
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   27,500422,00075,000517,000
Securities loaned155,492159,832474,400728,988255,945198,356
Total current liabilities:155,492159,832501,9001,150,988330,945715,356
Noncurrent Liabilities
Other undisclosed liabilities19,390,04818,271,47815,256,29211,713,64112,290,1099,431,832
Total liabilities:19,545,54018,431,31015,758,19212,864,62912,621,05410,147,188
Equity
Equity, attributable to parent, including:2,078,2241,917,1591,642,9731,400,9361,230,8461,073,050
Common stock698695689681673666
Treasury stock, value(381,848)(292,413)(237,011)(222,530)(195,125)(148,810)
Additional paid in capital493,268479,878453,784432,550411,873389,945
Accumulated other comprehensive income (loss)(3,919)(6,610)(2,933)2,507(937)16
Retained earnings1,970,0251,735,6091,428,4441,187,7281,009,299826,170
Other undisclosed equity, attributable to parent     5,0635,063
Total equity:2,078,2241,917,1591,642,9731,400,9361,230,8461,073,050
TOTAL LIABILITIES AND EQUITY:21,623,76420,348,46917,401,16514,265,56513,851,90011,220,238

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues1,269,7011,048,874626,628584,410582,748526,026
Net investment income1,269,7011,048,874626,628584,410582,748525,317
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(12,500)(24,750)(18,500)(23,750)(42,200)(27,350)
Gross profit:1,257,2011,024,124608,128560,660540,548498,676
Operating expenses(211,225)(211,663)(144,343)(113,314)(82,514)(82,653)
Operating income:1,045,976812,461463,785447,346458,034416,023
Interest and debt expense(569,882)(374,017)(52,570)(79,121)(145,228)(156,282)
Income from continuing operations before equity method investments, income taxes:476,094438,444411,215368,225312,806259,741
Other undisclosed income (loss) from continuing operations before income taxes91,145(6,700)(71,256)(62,482)(50,174)(46,935)
Income from continuing operations before income taxes:567,239431,744339,959305,743262,632212,806
Income tax expense(165,617)(124,579)(99,243)(90,036)(79,194)(57,675)
Income from continuing operations:401,622307,165240,716215,707183,438155,131
Income before gain (loss) on sale of properties:240,716215,707183,438155,131
Net income attributable to parent:401,622307,165240,716215,707183,438155,131
Preferred stock dividends and other adjustments    (86)  
Other undisclosed net loss available to common stockholders, basic    (103)(309)(309)
Net income available to common stockholders, diluted:401,622307,165240,716215,518183,129154,822

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:401,622307,165240,716215,707183,438155,131
Comprehensive income:401,622307,165240,716215,707183,438155,131
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,026(3,677)(5,440)3,444(953)629
Comprehensive income, net of tax, attributable to parent:404,648303,488235,276219,151182,485155,760

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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