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: 2009 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 12,667 | 2,698 | 8,265 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 21,668 | 15,979 | 4,939 |
| Changes in fair value of MSRs (residential), MHFS and LHFS carried at fair value | (20) | 3,789 | 2,611 |
| Depreciation and amortization | 2,841 | 1,669 | 1,532 |
| Other net losses (gains) | (3,867) | 2,065 | (1,407) |
| Preferred shares released to ESOP | 106 | 451 | 418 |
| Stock option compensation expense | 221 | 174 | 129 |
| Excess tax benefits related to stock option payments | (18) | (121) | (196) |
| Originations of MHFS | (414,299) | (213,498) | (223,266) |
| Proceeds from sales of and principal collected on mortgages originated for sale | 399,261 | 220,254 | 216,270 |
| Originations of LHFS | (10,800) | 0 | 0 |
| Proceeds from sales of and principal collected on LHFS | 20,276 | 0 | 0 |
| Purchases of LHFS | (8,614) | 0 | 0 |
| Net change in: | |||
| Trading assets | 13,983 | (3,045) | (3,388) |
| Deferred income taxes | 9,453 | (1,642) | (31) |
| Accrued interest receivable | (293) | (2,676) | (407) |
| Accrued interest payable | (1,028) | 1,634 | (87) |
| Other assets, net | (15,018) | (21,578) | (587) |
| Other accrued expenses and liabilities, net | 2,094 | (10,941) | 4,491 |
| Net cash provided (used) by operating activities | 28,613 | (4,788) | 9,286 |
| Cash flows from investing activities: | |||
| Net change in federal funds sold, securities purchased under resale agreements and other short-term investments | 8,548 | 51,049 | 3,331 |
| Securities available for sale: | |||
| Sales proceeds | 53,038 | 60,806 | 47,990 |
| Prepayments and maturities | 38,811 | 24,317 | 8,505 |
| Purchases | (95,285) | (105,341) | (75,129) |
| Loans: | |||
| Decrease (increase) in banking subsidiaries' loan originations, net of collections | 52,240 | (54,815) | (48,615) |
| Proceeds from sales (including participations) of loans originated for investment by banking subsidiaries | 6,162 | 1,988 | 3,369 |
| Purchases (including participations) of loans by banking subsidiaries | (3,363) | (5,513) | (8,244) |
| Principal collected on nonbank entities' loans | 14,428 | 21,846 | 21,476 |
| Loans originated by nonbank entities | (9,961) | (19,973) | (25,284) |
| Net cash acquired from (paid for) acquisitions | (138) | 11,203 | (2,811) |
| Proceeds from sales of foreclosed assets | 3,759 | 1,746 | 1,405 |
| Changes in MSRs from purchases and sales | (10) | 92 | 791 |
| Other, net | 3,556 | (5,566) | (4,131) |
| Net cash provided (used) by investing activities | 71,785 | (18,161) | (77,347) |
| Cash flows from financing activities: | |||
| Net change in Deposits | 42,473 | 7,697 | 27,058 |
| Net change in Short-term borrowings | (69,108) | (14,888) | 39,827 |
| Long-term debt: | |||
| Proceeds from issuance | 8,396 | 35,701 | 29,360 |
| Repayment | (66,260) | (29,859) | (18,250) |
| Preferred stock: | |||
| Proceeds from issuance | 0 | 22,674 | 0 |
| Redeemed | (25,000) | 0 | 0 |
| Cash dividends paid | (2,178) | 0 | 0 |
| Proceeds from issuance of stock warrant | 0 | 2,326 | 0 |
| Common stock: | |||
| Proceeds from issuance | 21,976 | 14,171 | 1,876 |
| Repurchased | (220) | (1,623) | (7,418) |
| Cash dividends paid | (2,125) | (4,312) | (3,955) |
| Excess tax benefits related to stock option payments | 18 | 121 | 196 |
| Change in noncontrolling interests: | |||
| Purchase of Prudential's noncontrolling interest | (4,500) | 0 | 0 |
| Other, net | (553) | (53) | (176) |
| Other, net | 0 | 0 | (728) |
| Net cash provided (used) by financing activities | (97,081) | 31,955 | 67,790 |
| Net change in cash and due from banks | 3,317 | 9,006 | (271) |
| Cash and due from banks at beginning of year | 23,763 | 14,757 | |
| Cash and due from banks at end of year | 27,080 | 23,763 | 14,757 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 10,978 | 8,121 | 14,290 |
| Cash paid for income taxes | 3,042 | 2,554 | 3,719 |
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2009 | |
| 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 |