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: 2010 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 12,663 | 12,667 | 2,698 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 15,753 | 21,668 | 15,979 |
| Changes in fair value of MSRs (residential), MHFS and LHFS carried at fair value | (1,025) | (20) | 3,789 |
| Depreciation and amortization | 1,924 | 2,841 | 1,669 |
| Other net losses (gains) | 1,345 | (3,867) | 2,065 |
| Preferred stock released to ESOP | 796 | 106 | 451 |
| Stock incentive compensation expense | 436 | 245 | 177 |
| Excess tax benefits related to stock option payments | (98) | (18) | (121) |
| Originations of MHFS | (370,175) | (414,299) | (213,498) |
| Proceeds from sales of and principal collected on mortgages originated for sale | 355,325 | 399,261 | 220,254 |
| Originations of LHFS | (4,596) | (10,800) | |
| Proceeds from sales of and principal collected on LHFS | 17,828 | 20,276 | |
| Purchases of LHFS | (7,470) | (8,614) | |
| Net change in: | |||
| Trading assets | 12,356 | 13,983 | (3,045) |
| Deferred income taxes | 4,287 | 9,453 | (1,642) |
| Accrued interest receivable | 1,051 | (293) | (2,676) |
| Accrued interest payable | (268) | (1,028) | 1,634 |
| Other assets, net | (19,631) | (15,018) | (21,578) |
| Other accrued expenses and liabilities, net | (1,729) | 2,070 | (10,944) |
| Net cash provided (used) by operating activities | 18,772 | 28,613 | (4,788) |
| Cash flows from investing activities: | |||
| Net change in Federal funds sold securities purchased under resale agreements and other short term investments | (39,752) | 8,548 | 51,049 |
| Securities available for sale: | |||
| Sales proceeds | 8,668 | 53,038 | 60,806 |
| Prepayments and maturities | 47,919 | 38,811 | 24,317 |
| Purchases | (53,466) | (95,285) | (105,341) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | 15,869 | 52,240 | (54,815) |
| Proceeds from sales (including participations) of loans originated for investment by banking subsidiaries | 6,517 | 6,162 | 1,988 |
| Purchases (including participations) of loans by banking subsidiaries | (2,297) | (3,363) | (5,513) |
| Principal collected on nonbank entities' loans | 15,560 | 14,428 | 21,846 |
| Loans originated by nonbank entities | (10,836) | (9,961) | (19,973) |
| Net cash acquired from (paid for) acquisitions | (36) | (138) | 11,203 |
| Proceeds from sales of foreclosed assets | 5,444 | 3,759 | 1,746 |
| Changes in MSRs from purchases and sales | (65) | (10) | 92 |
| Other, net | 2,800 | 3,556 | (5,566) |
| Net cash provided (used) by investing activities | (3,675) | 71,785 | (18,161) |
| Cash flows from financing activities: | |||
| Net change in: Deposits | 23,924 | 42,473 | 7,697 |
| Net change in short-term borrowings | 11,308 | (69,108) | (14,888) |
| Long-term debt: | |||
| Proceeds from issuance | 3,489 | 8,396 | 35,701 |
| Repayment | (63,317) | (66,260) | (29,859) |
| Preferred stock: | |||
| Proceeds from issuance | 0 | 22,674 | |
| Redeemed | 0 | (25,000) | |
| Cash dividends paid | (737) | (2,178) | |
| Common stock: | |||
| Proceeds from issuance | 1,375 | 21,976 | 14,171 |
| Repurchased | (91) | (220) | (1,623) |
| Cash dividends paid | (1,045) | (2,125) | (4,312) |
| Stock warrants: | |||
| Proceeds from issuance | 2,326 | ||
| Repurchased | (545) | ||
| Excess tax benefits related to stock option payments | 98 | 18 | 121 |
| Change in noncontrolling interests: | |||
| Purchase of Prudential's noncontrolling interest | 0 | (4,500) | |
| Other, net | (592) | (553) | (53) |
| Net cash provided (used) by financing activities | (26,133) | (97,081) | 31,955 |
| Net change in cash and due from banks | (11,036) | 3,317 | 9,006 |
| Cash and due from banks at beginning of year | 27,080 | 23,763 | 14,757 |
| Cash and due from banks at end of year | 16,044 | 27,080 | 23,763 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 8,307 | 10,978 | 8,121 |
| Cash paid for income taxes | 1,187 | 3,042 | 2,554 |
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2010 | |
| 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 |