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, 2016		September 30, 2015
	(In thousands)
Assets
Cash	$	24,300	$	7,628
Other assets	15		—
Investment in subsidiary	1,954,179		1,949,262
Total assets	$	1,978,494	$	1,956,890

Liabilities
Other liabilities	$	2,763	$	1,211
Total liabilities	2,763		1,211

Stockholders’ equity
Total stockholders’ equity	1,975,731		1,955,679
Total liabilities and stockholders’ equity	$	1,978,494	$	1,956,890



Condensed Statements of Operations
Twelve Months Ended September 30,	2016		2015			2014
	(In thousands)
Income
Dividends from subsidiary	$	148,000	$	175,000		$	70,000
Total Income	148,000		175,000			70,000
Expense
Miscellaneous	435		439			485
Total expense	435		439			485

Net income (loss) before equity in undistributed net income (loss) of subsidiary	147,565		174,561			69,515
Equity in undistributed net income of subsidiary	16,336		(14,402		)	87,675
Income before income taxes	163,901		160,159			157,190
Income tax benefit (expense)	148		157			174
Net income	$	164,049	$	160,316		$	157,364



Condensed Statements of Cash Flows
Twelve Months Ended September 30,	2016			2015			2014
	(In thousands)
Cash Flows From Operating Activities
Net income	$	164,049		$	160,316		$	157,364
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries	(12,677		)	32,375			(87,943		)
Decrease (increase) in other assets	(15		)	—			1
Increase in other liabilities	1,552			(13,189		)	4,152
Net cash provided by (used in) operating activities	152,909			179,502			73,574

Cash Flows From Financing Activities
Proceeds from exercise of common stock options and related tax benefit	9,283			2,070			10,252
Warrants purchased	(7,744		)	—			—
Treasury stock purchased	(87,850		)	(126,728		)	(104,291		)
Dividends paid on common stock	(49,926		)	(51,111		)	(42,065		)
Net cash provided by (used in) financing activities	(136,237		)	(175,769		)	(136,104		)

Increase (decrease) in cash	16,672			3,733			(62,530		)
Cash at beginning of year	7,628			3,895			66,425
Cash at end of year	$	24,300		$	7,628		$	3,895