Cash flow The Toronto-Dominion Bank

Equities

TD

CA8911605092

Banks

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-12 pm EDT			5-day change	1st Jan Change
84.05 ^CAD	+0.35%		+5.14%	-1.83%

Sep. 12	Toronto-Dominion Bank Eyes Debt Offering Tied to $3 Billion of Loans	MT
Sep. 11	Sector Update: Financial Stocks Decline Late Afternoon	MT

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Published financial data: THE TORONTO-DOMINION BANK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Interest Income On Loans	31.92B	28.15B	23.96B	29.67B	54.04B
Interest Income On Investments	10.07B	7.5B	5.62B	11.37B	26.64B
Interest Income, Total	42B	35.65B	29.58B	41.03B	80.67B
Interest On Deposits	13.68B	7.16B	3.74B	9.75B	38.35B
Total Interest On Borrowings	4.39B	2.87B	1.71B	3.93B	12.38B
Interest Expense, Total	18.07B	10.04B	5.45B	13.68B	50.73B
Net Interest Income	23.93B	25.61B	24.13B	27.35B	29.94B
Trust Income	-	-	-	-	-
Income From Trading Activities	1.05B	1.4B	313M	-257M	2.42B
Gain (Loss) on Sale of Assets	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	78M	1.44B	14M	60M	-48M
Total Other Non Interest Income	16.01B	15.19B	18.24B	21.65B	19.82B
Non Interest Income, Total	17.13B	18.04B	18.56B	21.46B	22.19B
Revenues Before Provison For Loan Losses	41.06B	43.65B	42.69B	48.81B	52.13B
Provision For Loan Losses	3.03B	7.24B	-224M	1.07B	2.93B
Total Revenues	38.04B	36.4B	42.92B	47.74B	49.2B
Salaries And Other Employee Benefits	10.5B	11.59B	10.97B	12.51B	14.42B
Amort. of Goodwill & Intang. Assets	800M	817M	706M	599M	672M
Occupancy Expense	1.84B	1.99B	1.61B	1.66B	1.8B
Selling General & Admin Expenses, Total	4B	3.47B	6.2B	6.33B	7.58B
(Income) Loss on Equity Invest.	-1.19B	-1.13B	-785M	-991M	-864M
Total Other Non Interest Expense	7.5B	6.64B	6.25B	6.44B	9.64B
Non Interest Expense, Total	23.44B	23.37B	24.95B	26.55B	33.25B
EBT, Excl. Unusual Items	14.6B	13.03B	17.97B	21.19B	15.96B
Restructuring Charges	-175M	16M	-47M	-	-363M
Legal Settlements	-	-	-	224M	-1.64B
EBT, Incl. Unusual Items	14.42B	13.05B	17.92B	21.42B	13.95B
Income Tax Expense	2.74B	1.15B	3.62B	3.99B	3.17B
Earnings From Continuing Operations	11.69B	11.9B	14.3B	17.43B	10.78B
Net Income to Company	11.69B	11.9B	14.3B	17.43B	10.78B
Minority Interest	-18M	-	-	-	-
Net Income - (IS)	11.67B	11.9B	14.3B	17.43B	10.78B
Preferred Dividend and Other Adjustments	252M	267M	249M	259M	563M
Net Income to Common Incl Extra Items	11.42B	11.63B	14.05B	17.17B	10.22B
Net Income to Common Excl. Extra Items	11.42B	11.63B	14.05B	17.17B	10.22B
Per Share Items
Net EPS - Basic	6.26	6.43	7.73	9.48	5.61
Basic EPS - Continuing Operations	6.26	6.43	7.73	9.48	5.61
Basic Weighted Average Shares Outstanding	1.82B	1.81B	1.82B	1.81B	1.82B
Net EPS - Diluted	6.25	6.43	7.72	9.47	5.6
Diluted EPS - Continuing Operations	6.25	6.43	7.72	9.47	5.6
Diluted Weighted Average Shares Outstanding	1.83B	1.81B	1.82B	1.81B	1.82B
Normalized Basic EPS	4.99	4.51	6.18	7.32	5.47
Normalized Diluted EPS	4.98	4.5	6.17	7.3	5.47
Dividend Per Share	2.89	3.11	3.16	3.56	3.84
Payout Ratio	44.2	42.4	38.85	38.24	54.03
Supplemental Items
Effective Tax Rate - (Ratio)	18.97	8.83	20.21	18.61	22.71
Total Current Taxes	2.77B	2.22B	3.36B	3.48B	4.42B
Total Deferred Taxes	-33M	-1.06B	258M	502M	-1.26B
Normalized Net Income	9.1B	8.14B	11.23B	13.24B	9.97B
Non-Cash Pension Expense	7M	55M	68M	9M	-37M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	747M	299M	1.41B	884M	1.33B
Total Stock-Based Compensation	747M	299M	1.41B	884M	1.33B

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.04B	4.55B	5.71B	8.56B	6.72B
Investment Securities, Total	422B	659B	672B	701B	673B
Trading Asset Securities, Total	197B	206B	204B	251B	243B
Mortgage Backed Securities	21.92B	20.86B	17.47B	18.28B	19.07B
Total investments	641B	886B	894B	970B	936B
Gross Loans	691B	728B	731B	840B	904B
Allowance For Loan Losses	-4.45B	-8.29B	-6.39B	-6.43B	-7.14B
Net Loans	686B	720B	724B	833B	896B
Gross Property Plant And Equipment	8.78B	13.79B	12.72B	13.24B	13.42B
Accumulated Depreciation	-3.26B	-3.66B	-3.54B	-3.84B	-3.99B
Net Property Plant And Equipment	5.51B	10.14B	9.18B	9.4B	9.43B
Goodwill	16.98B	17.15B	16.23B	17.66B	18.6B
Other Intangibles, Total	2.5B	2.12B	2.12B	2.3B	2.77B
Accrued Interest Receivable	2.48B	2.34B	2.2B	3.76B	5.5B
Other Receivables	31.99B	46.97B	43.31B	36.51B	49.06B
Restricted Cash	820M	1.89B	223M	-	-
Other Current Assets, Total	19.71B	19.73B	26.33B	29.97B	25.58B
Deferred Tax Assets Long-Term (Collected)	1.8B	2.44B	2.26B	2.19B	3.96B
Other Real Estate Owned And Foreclosed	121M	77M	53M	51M	59M
Other Long-Term Assets, Total	1.77B	2.28B	2.68B	3.41B	3.45B
Total Assets	1,415B	1,716B	1,729B	1,918B	1,957B
Liabilities
Accounts Payable, Total	5.23B	6.57B	7.5B	5.04B	8.41B
Accrued Expenses, Total	26.99B	38.04B	33.14B	29.3B	35.86B
Interest Bearing Deposits	555B	726B	755B	689B	611B
Institutional Deposits	309B	287B	283B	436B	512B
Non-Interest Bearing Deposits	97.27B	132B	155B	168B	138B
Total Deposits	961B	1,145B	1,193B	1,293B	1,261B
Short-Term Borrowings	50.05B	53.2B	57.12B	91.13B	71.64B
Current Portion of Long-Term Debt	-	188B	148B	134B	120B
Current Portion of Leases	-	-	35M	14M	45M
Long-Term Debt	221B	111B	105B	156B	244B
Long-Term Leases	-	6.1B	5.44B	5.3B	5B
Current Income Taxes Payable	169M	275M	82M	151M	162M
Accrued Interest Payable	1.39B	1.14B	714M	1.87B	4.42B
Other Current Liabilities - (Bank / Utility Template)	44.19B	52.38B	63.5B	67.35B	64.47B
Unearned Revenue Non Current	1.87B	2.12B	2.34B	2.48B	2.75B
Pension & Other Post Retirement Benefits	2.78B	3.3B	1.59B	1.29B	1.24B
Deferred Tax Liability Non-Current	193M	284M	244M	236M	204M
Other Non Current Liabilities	12.03B	12.97B	11.13B	18.56B	25.94B
Total Liabilities	1,328B	1,620B	1,629B	1,806B	1,845B
Preferred Stock Redeemable	5.8B	5.65B	5.7B	5.6B	5.2B
Preferred Stock - Others	-6M	-4M	-10M	-7M	-65M
Total Preferred Equity	5.79B	5.65B	5.69B	5.59B	5.14B
Common Stock, Total	21.71B	22.49B	23.07B	24.36B	25.43B
Additional Paid In Capital	157M	121M	173M	179M	155M
Retained Earnings	49.5B	53.84B	63.94B	73.7B	73.04B
Treasury Stock	-41M	-37M	-152M	-91M	-64M
Comprehensive Income and Other	10.58B	13.44B	7.1B	7.64B	8.4B
Total Common Equity	81.91B	89.85B	94.13B	106B	107B
Minority Interest	-	-	-	-	-
Total Equity	87.7B	95.5B	99.82B	111B	112B
Total Liabilities And Equity	1,415B	1,716B	1,729B	1,918B	1,957B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.81B	1.82B	1.82B	1.82B	1.79B
ECS Total Common Shares Outstanding	1.81B	1.82B	1.82B	1.82B	1.79B
Book Value / Share	45.21	49.49	51.66	58.1	59.74
Tangible Book Value	62.43B	70.58B	75.77B	85.83B	85.6B
Tangible Book Value Per Share	34.45	38.87	41.59	47.14	47.8
Average Assets	-	-	-	1,813B	1,922B
Average Loans	783B	835B	852B	902B	990B
Total Debt	271B	358B	315B	387B	441B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.73B	2.35B	170M	-1.15B	-939M
Net Debt	-116B	-182B	-215B	-161B	-106B
Equity Method Investments, Total	9.32B	12.17B	11.11B	8.09B	8.91B
Full Time Employees	85K	89.6K	89.46K	94.94K	103K

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	11.67B	11.9B	14.3B	17.43B	10.78B
Depreciation, Depletion & Amortization	605M	1.32B	1.31B	1.16B	1.23B
Amortization of Goodwill and Intangible Assets - (CF)	244M	216M	166M	106M	193M
Total Depreciation, Depletion & Amortization	849M	1.54B	1.47B	1.27B	1.42B
Amortization of Deferred Charges, Total	556M	601M	540M	493M	479M
(Gain) Loss on Sale of Investments - (CF)	-78M	-1.53B	-14M	-1.06B	48M
Total Asset Writedown	-	-	54M	4M	11M
Provision for Credit Losses	3.03B	7.24B	-224M	1.07B	2.93B
(Income) Loss On Equity Investments - (CF)	-1.19B	-1.13B	-785M	-991M	-864M
Change in Trading Asset Securities	105B	-46.16B	54.5B	48.32B	28.56B
Changes in Accrued Interest Receivable	-26M	-108M	-288M	-412M	812M
Change In Income Taxes	-771M	280M	239M	-4.1B	1.23B
Change in Other Net Operating Assets (Collected)	-68.9B	18.43B	-13.42B	-129B	-83.97B
Other Operating Activities	2.72B	87M	258M	502M	-1.26B
Cash from Operations	52.55B	-8.86B	56.62B	-66.81B	-39.82B
Capital Expenditure	-794M	-1.76B	-1.13B	-1.45B	-1.84B
Cash Acquisitions	-540M	-	-1.86B	-	-624M
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	6.84B	-222B	-42.28B	-30.44B	78.69B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Cash from Investing	5.51B	-224B	-45.27B	-31.9B	76.23B
Long-Term Debt Issued, Total	1.77B	3B	-	6M	-
Total Debt Issued	1.77B	3B	-	6M	-
Long-Term Debt Repaid, Total	-	-3.13B	-550M	-663M	-2.36B
Total Debt Repaid	-	-3.13B	-550M	-663M	-2.36B
Issuance of Common Stock	9.99B	8.82B	10.89B	11.02B	8.06B
Repurchase of Common Stock	-12.02B	-9.6B	-10.86B	-13.05B	-12.24B
Issuance of Preferred Stock	952M	124M	1.95B	5.81B	532M
Repurchase of Preferred Stock	-151M	-278M	-905M	-1.26B	-990M
Common & Preferred Stock Dividends Paid	-5.16B	-5.04B	-5.56B	-6.66B	-5.82B
Common & Preferred Stock Dividends Paid	-5.16B	-5.04B	-5.56B	-6.66B	-5.82B
Net Increase (Decrease) in Deposit Accounts - (CF)	-52.28B	241B	-6.49B	106B	-25.49B
Other Financing Activities, Total	-1.04B	-31M	-5M	-27M	-21M
Cash from Financing	-57.93B	235B	-11.53B	101B	-38.33B
Foreign Exchange Rate Adjustments	3M	40M	-339M	390M	88M
Net Change in Cash	128M	1.58B	-514M	2.62B	-1.84B
Supplemental Items
Cash Interest Paid	17.96B	10.29B	5.88B	12.52B	48.18B
Cash Income Tax Paid (Refund)	3.59B	2.28B	4.07B	4.4B	3.04B
Net Debt Issued / Repaid	1.77B	-126M	-550M	-657M	-2.36B

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.85	0.76	0.83	0.96	0.56
Return On Equity %	13.93	12.99	14.64	16.5	9.65
Return on Common Equity	14.64	13.54	15.27	17.03	9.61
Shareholders Value Added	2.66B	1.8B	3.45B	5.43B	-1.56B
Margin Analysis
SG&A Margin	42.95	46.84	43.75	42.94	48.38
Net Interest Income / Total Revenues %	62.92	70.35	56.23	57.29	60.86
EBT Excl. Non-Recurring Items Margin %	38.37	35.8	41.86	44.39	32.43
Income From Continuing Operations Margin %	30.72	32.67	33.32	36.51	21.91
Net Income Margin %	30.68	32.67	33.32	36.51	21.91
Net Avail. For Common Margin %	30.01	31.94	32.74	35.96	20.77
Normalized Net Income Margin	23.94	22.37	26.16	27.74	20.27
Asset quality
Nonperforming Loans / Total Loans %	0.44	0.43	0.33	0.3	0.37
Nonperforming Loans / Total Assets %	0.21	0.18	0.14	0.13	0.17
Nonperforming Assets / Total Assets %	0.22	0.19	0.14	0.13	0.17
NPAs / Loans and OREO	0.46	0.44	0.34	0.3	0.37
NPAs / Equity	3.6	3.39	2.47	2.29	3
Allowance for Credit Losses / Net Charge-offs %	173.1	296.35	426.57	484.7	322.75
Allowance for Credit Losses / Nonperforming Loans %	146.67	262.56	265.04	256.97	216.31
Allowance for Credit Losses / Total Loans %	0.64	1.14	0.87	0.77	0.79
Net Charge-offs / Total Average Loans %	0.33	0.34	0.18	0.15	0.22
Provision for Loan Losses / Net Charge-offs %	117.91	258.92	-14.95	80.41	132.65
Earning Assets / IBL	114.4	114.31	116.66	116.76	114.95
Interest Income / Average Assets