Heritage Financial Corporation (HFWA) financial statements (2020 and earlier)

Company profile

Business Address 201 FIFTH AVENUE S.W.
OLYMPIA, WA 98501
State of Incorp. WA
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments229162103104127122130
Cash and cash equivalents229162103104127122130
Total current assets:229162103104127122130
Noncurrent Assets
Property, plant and equipment88816064626534
Intangible assets, net (including goodwill)25826212512612813031
Goodwill24124111911911911929
Intangible assets, net (excluding goodwill)1721679112
Total noncurrent assets:34534318519019019565
Other undisclosed assets4,9794,8123,8253,5853,3343,1411,463
TOTAL ASSETS:5,5535,3174,1133,8793,6513,4581,659
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2031322223  
Total current liabilities:2031322223  
Noncurrent Liabilities
Liabilities, other than long-term debt51324018   
Qualified affordable housing project investments, commitment51324018 
Total noncurrent liabilities:51324018   
Other undisclosed liabilities4,6734,4933,5333,3573,1583,0031,443
Total liabilities:4,7444,5563,6053,3973,1813,0031,443
Stockholders' equity
Stockholders' equity attributable to parent809761508482470455216
Common stock586592361359359365139
Accumulated other comprehensive income (loss)10(7)(1)(3)33(1)
Retained earnings2121761491251088678
Total stockholders' equity:809761508482470455216
TOTAL LIABILITIES AND EQUITY:5,5535,3174,1133,8793,6513,4581,659

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues221202174161159  
Net investment income218199148139136  
Cost of revenue(4)(5)(4)(5)(4)(5)(4)
Provision for loan, lease, and other losses(4) 
Financial services costs(5)(4)(5)(4)(5)(4)
Gross profit:216197169156154(5)(4)
Operating expenses(43)(133)(97)(92)(90)(70)(41)
Operating income (loss):17364736464(75)(44)
Nonoperating income     00
Investment income, nonoperating     (0)(0)
Gains on sales of other real estate     00
Bank owned life insurance income     0 
Interest and debt expense(18)(12)(8)(6)(6)(6)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(74)13(4)(5)(7)10862
Income from continuing operations before income taxes:81646053512814
Income tax expense(13)(11)(18)(14)(14)(7)(5)
Net income available to common stockholders, diluted:68534239372110

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:68534239372110
Other comprehensive income    0  
Comprehensive income:68534239382110
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18(6)2(5)(1)5(3)
Comprehensive income, net of tax, attributable to parent:8547433437267

Statements sources

The financial statements are based on the company's filings with the 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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