TFS Financial Corporation (TFSL) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
7007 BROADWAY AVENUE CLEVELAND, OH 44105 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 6035 - Savings Institutions, Federally Chartered (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2022 | 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 370 | 408 | 488 | 498 | 275 | 270 | 268 | ||
| Cash and cash equivalents | 370 | 408 | 488 | 498 | 275 | 270 | 268 | ||
| Total current assets: | 370 | 408 | 488 | 498 | 275 | 270 | 268 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 30 | 28 | 21 | ✕ | ✕ | ||||
| Property, plant and equipment | 35 | 36 | 37 | 42 | 62 | 63 | 61 | ||
| Intangible assets, net (including goodwill) | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Goodwill | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Deferred income tax assets | 5 | ✕ | ✕ | ||||||
| Total noncurrent assets: | 74 | 36 | 75 | 72 | 76 | 73 | 71 | ||
| Other undisclosed assets | 15,346 | 13,688 | 13,494 | 14,072 | 14,191 | 13,794 | 13,354 | ||
| TOTAL ASSETS: | 15,790 | 14,133 | 14,057 | 14,642 | 14,542 | 14,137 | 13,693 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,391 | 2,450 | 2,975 | 3,580 | 3,339 | 2,884 | |||
| Total current liabilities: | 2,391 | 2,450 | 2,975 | 3,580 | 3,339 | 2,884 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 13,946 | 9,989 | 9,875 | 9,995 | 9,266 | 9,039 | 9,118 | ||
| Total liabilities: | 13,946 | 12,379 | 12,325 | 12,970 | 12,846 | 12,379 | 12,003 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,844 | 1,753 | 1,732 | 1,672 | 1,697 | 1,758 | 1,690 | ||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Treasury stock, value | (772) | (767) | (768) | (768) | (765) | (754) | (736) | ||
| Additional paid in capital | 1,751 | 1,747 | 1,747 | 1,743 | 1,734 | 1,727 | 1,723 | ||
| Accumulated other comprehensive income (loss) | 23 | (50) | (68) | (132) | (69) | 23 | (7) | ||
| Retained earnings | 870 | 855 | 854 | 866 | 838 | 808 | 760 | ||
| Unearned esop shares | (31) | (35) | (36) | (40) | (44) | (49) | (53) | ||
| Total stockholders' equity: | 1,844 | 1,753 | 1,732 | 1,672 | 1,697 | 1,758 | 1,690 | ||
| TOTAL LIABILITIES AND EQUITY: | 15,790 | 14,133 | 14,057 | 14,642 | 14,542 | 14,137 | 13,693 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 | 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 405 | 395 | 419 | 474 | 471 | 435 | 402 | |
| Net investment income | 404 | 376 | 386 | 446 | 469 | 432 | 400 | |
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (1) | (3) | ||||||
| Gross profit: | 404 | 395 | 419 | 471 | 471 | 435 | 402 | |
| Operating expenses | (26) | (25) | (24) | (21) | (24) | (24) | (121) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 3 | 2 | 3 | 9 | 5 | 5 | 4 | |
| Operating income: | 381 | 372 | 397 | 459 | 451 | 416 | 286 | |
| Nonoperating income (Bank Owned Life Insurance Income) | 10 | 11 | 10 | 7 | 7 | 6 | 6 | |
| Interest and debt expense | (142) | (149) | (158) | (213) | (217) | (162) | (130) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (157) | (110) | (150) | (153) | (139) | (139) | (29) | |
| Income from continuing operations before equity method investments, income taxes: | 92 | 124 | 100 | 100 | 102 | 121 | 133 | |
| Other undisclosed loss from continuing operations before income taxes | (34) | |||||||
| Income from continuing operations before income taxes: | 92 | 90 | 100 | 100 | 102 | 121 | 133 | |
| Income tax expense | (17) | (18) | (19) | (17) | (22) | (36) | (44) | |
| Net income attributable to parent: | 75 | 72 | 81 | 83 | 80 | 85 | 89 | |
| Other undisclosed net loss available to common stockholders, basic | (2) | (2) | (2) | (2) | (2) | (1) | (1) | |
| Net income available to common stockholders, basic: | 73 | 71 | 79 | 82 | 79 | 84 | 88 | |
| Dilutive securities, effect on basic earnings per share | (2) | (2) | (2) | (2) | (2) | (1) | (1) | |
| Other undisclosed net income available to common stockholders, diluted | 2 | 2 | 2 | 2 | 2 | 1 | 1 | |
| Net income available to common stockholders, diluted: | 73 | 71 | 79 | 82 | 79 | 84 | 88 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 | 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 75 | 72 | 81 | 83 | 80 | 85 | 89 | |
| Other comprehensive income (loss) | 91 | 71 | 64 | (63) | (93) | 31 | 12 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 166 | 144 | 145 | 21 | (12) | 116 | 101 | |
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.