Walker & Dunlop, Inc. (WD)

Walker & Dunlop Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	35.47	44.71	65.07	54.89	70.83	83.82
Total Interest Expense	114.76	118.81	83.52	40.76	50.06	72.48
Net Interest Income	-79.29	-74.11	-18.46	14.13	20.78	11.34
Commissions and Fees	322.57	311.91	300.19	278.47	235.8	214.55
Other Revenue	460.28	468.37	522.85	486.95	448.81	318.5
Revenue Before Loan Losses	993.01	985.96	1,225	1,251	1,075	802.86
Provision for Loan Losses	6.95	-10.45	-11.98	-13.29	37.48	7.27
Revenue	986.07	996.42	1,236	1,264	1,038	795.59
Revenue Growth (YoY)	-2.46%	-19.42%	-2.21%	21.86%	30.43%	11.38%
Salaries & Employee Benefits	515.93	514.29	607.37	603.49	468.82	346.17
Cost of Services Provided	14.15	14.15	16.37	9.44	8.86	7.59
Other Operating Expenses	113.59	103.53	126.28	82.33	60.73	59
Total Operating Expenses	869.18	858.72	985.05	905.54	707.41	565.24
Operating Income	116.88	137.7	251.45	358.95	330.27	230.35
EBT Excluding Unusual Items	116.88	137.7	251.45	358.95	330.27	230.35
Impairment of Goodwill	-48	-62	-	-	-	-
Other Unusual Items	49.87	62.5	13.51	-6.89	-	-
Pretax Income	118.75	138.2	264.97	352.06	330.27	230.35
Income Tax Expense	29.92	35.03	56.03	86.43	84.31	57.12
Earnings From Continuing Ops.	88.83	103.17	208.93	265.63	245.95	173.23
Minority Interest in Earnings	6.1	4.19	4.89	0.13	0.22	0.14
Net Income	94.93	107.36	213.82	265.76	246.18	173.37
Preferred Dividends & Other Adjustments	2.26	2.75	6.1	8.84	7.34	5.65
Net Income to Common	92.67	104.61	207.72	256.93	238.84	167.72
Net Income Growth	-19.04%	-49.79%	-19.54%	7.96%	41.99%	7.39%
Shares Outstanding (Basic)	33	33	32	31	30	30
Shares Outstanding (Diluted)	33	33	33	32	31	31
Shares Change (YoY)	0.74%	0.58%	3.66%	1.45%	0.87%	-1.81%
EPS (Basic)	2.81	3.20	6.43	8.27	7.85	5.61
EPS (Diluted)	2.80	3.18	6.36	8.15	7.69	5.45
EPS Growth	-19.53%	-50.00%	-21.96%	5.98%	41.18%	9.71%
Free Cash Flow	-80.91	-16.72	1,561	861.25	-1,414	422.85
Free Cash Flow Per Share	-2.45	-0.51	47.75	27.31	-45.50	13.72
Dividend Per Share	2.580	2.520	2.400	2.000	1.440	1.200
Dividend Growth	3.61%	5.00%	20.00%	38.89%	20.00%	20.00%
Operating Margin	11.85%	13.82%	20.34%	28.39%	31.83%	28.95%
Profit Margin	9.40%	10.50%	16.80%	20.32%	23.02%	21.08%
Free Cash Flow Margin	-8.21%	-1.68%	126.22%	68.11%	-136.30%	53.15%
Effective Tax Rate	25.20%	25.34%	21.15%	24.55%	25.53%	24.80%
Revenue as Reported	1,065	1,054	1,259	1,259	1,084	817.22

Source: S&P Capital IQ. Financial Services template. Financial Sources.