Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 27

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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803)— Net cash provided by financing activities569,115 970,772 

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AXOS FINANCIAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Six Months EndedDecember 31, (Dollars in thousands)20242023NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH487,655 (618,363)CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year$2,185,776 $2,382,086 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period$2,673,431 $1,763,723 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Interest paid on interest-bearing liabilities367,008 323,042 Income taxes paid89,508 84,436 Transfers to other real estate and repossessed vehicles from loans held for investment1,142 3,301 Transfers from loans held for investment to loans held for sale227,539 2,783 Operating lease liabilities from obtaining right of use assets2,111 5,767 Non-cash LIHTC investments— 25,000 

See accompanying notes to the condensed consolidated financial statements.

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AXOS FINANCIAL, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTH AND SIX MONTH PERIODS ENDED DECEMBER 31, 2024 AND 2023

(Unaudited)

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of PresentationThe condensed consolidated financial statements include the accounts of Axos Financial, Inc. and its wholly owned subsidiaries (“Axos” or the “Company”). Axos Bank (the “Bank”), its wholly owned subsidiaries, the activities of two lending-related trust entities and certain other lending activity constitute the Banking Business Segment, and Axos Securities, LLC and its wholly owned subsidiaries constitute the Securities Business Segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Condensed Consolidated Financial Statements are an integral part of the Company’s financial statements. On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios with an aggregate unpaid principal balance of $1.3 billion at