10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
WELLS FARGO & COMPANY/MN | ||
Ticker: WFC Fiscal Year: 2018 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and due from banks | $ 23,551 | 23,367 |
| Interest-earning deposits with banks (1) | 149,736 | 192,580 [1] |
| Total cash, cash equivalents, and restricted cash (1) | 173,287 | 215,947 |
| Federal funds sold and securities purchased under resale agreements (1) | 80,207 | 80,025 |
| Debt securities: | ||
| Trading, at fair value (2) | 69,989 | 57,624 |
| Available-for-sale, at fair value (2) | 269,912 | 276,407 |
| Held-to-maturity, at cost (fair value $142,115 and $138,985) | 144,788 | 139,335 |
| Mortgages held for sale (includes $16,116 and $22,042 carried at fair value) | 15,126 | 20,070 |
| Loans held for sale | 2,041 | 1,131 |
| Loans (includes $376 and $758 carried at fair value) | 953,110 | 956,770 |
| Allowance for loan losses | (9,775) | (11,004) |
| Net loans | 943,335 | 945,766 |
| Mortgage servicing rights: | ||
| Measured at fair value | 14,649 | 13,625 |
| Amortized | 1,443 | 1,424 |
| Premises and equipment, net | 8,920 | 8,847 |
| Goodwill | 26,418 | 26,587 |
| Derivative assets | 10,770 | 12,228 |
| Equity securities | 55,148 | 62,497 [2] |
| Other assets (includes $4,867 and $3,275 carried at fair value) | 79,850 | 90,244 |
| Total assets | 1,895,883 | 1,951,757 [3] |
| Liabilities | ||
| Noninterest-bearing deposits | 349,534 | 373,722 |
| Interest-bearing deposits | 936,636 | 962,269 |
| Total deposits | 1,286,170 | 1,335,991 |
| Short-term borrowings | 105,787 | 103,256 |
| Derivative liabilities | 8,499 | 8,796 |
| Accrued expenses and other liabilities | 69,317 | 70,615 |
| Long-term debt | 229,044 | 225,020 |
| Total liabilities | 1,698,817 [4] | 1,743,678 |
| Equity | ||
| Wells Fargo stockholders equity: | ||
| Preferred stock | 23,214 | 25,358 |
| Common stock $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares | 9,136 | 9,136 |
| Additional paid-in capital | 60,685 | 60,893 |
| Retained earnings | 158,163 | 145,263 |
| Cumulative other comprehensive income (loss) | (6,336) | (2,144) |
| Treasury stock 900,557,866 shares and 590,194,846 shares | (47,194) | (29,892) |
| Unearned ESOP shares | (1,502) | (1,678) |
| Total Wells Fargo stockholders equity | 196,166 | 206,936 |
| Noncontrolling interests | 900 | 1,143 |
| Total equity | 197,066 | 208,079 |
| Total liabilities and equity | 1,895,883 | 1,951,757 |
| [1] (1)Financial information has been revised to reflect the impact of our adoption in first quarter 2018 of ASU 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash in which we changed the presentation of our cash and cash equivalents to include both cash and due from banks as well as interest-earning deposits with banks, which are inclusive of any restricted cash. See Note 1 (Summary of Significant Accounting Policies) for more information. | ||
| [2] (2)Financial information for the prior period has been revised to reflect presentation changes in connection with our adoption in first quarter 2018 of ASU 2016-01 Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. See Note 1 (Summary of Significant Accounting Policies) for more information. | ||
| [3] (4)Our consolidated assets at December 31, 2018 and 2017, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Cash and due from banks, $139 million and $116 million; Interest-bearing deposits with banks, $8 million and $371 million; Debt securities, $45 million and $0 million; Net loans, $13.6 billion and $12.5 billion; Derivative assets, $0 million and $0 million; Equity securities, $85 million and $306 million; Other asse | ||
| [4] $221 million and $342 million; and Total assets, $14.1 billion and $13.6 billion, respectively.(5)Our consolidated liabilities at December 31, 2018 and 2017, include the following VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo: Derivative liabilities, $0 million and $5 million; Accrued expenses and other liabilities, $191 million and $132 million; Long-term debt, $816 million and $1.5 billion; and Total liabilities, $1.0 billion and $1.6 billion, respectively. | ||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |