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: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Net income (loss) before noncontrolling interests | $ 16,211 | 12,663 | 12,667 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for Loan, Lease, and Other Losses | 7,899 | 15,753 | 21,668 |
| Changes in fair value of MSRs (residential), MHFS and LHFS carried at fair value | (295) | (1,025) | (20) |
| Depreciation and amortization | 2,208 | 1,924 | 2,841 |
| Other net losses (gains) | 3,273 | 1,345 | (3,867) |
| Preferred stock released by ESOP | 959 | 796 | 106 |
| Stock incentive compensation expense | 529 | 436 | 245 |
| Excess tax benefits related to stock option payments | (79) | (98) | (18) |
| Originations of MHFS | (345,099) | (370,175) | (414,299) |
| Proceeds from sales of and principal collected on mortgages originated for sale | 298,524 | 355,325 | 399,261 |
| Originations of LHFS | (5) | (4,596) | (10,800) |
| Proceeds from sales of and principal collected on LHFS | 11,833 | 17,828 | 20,276 |
| Purchases of LHFS | (11,723) | (7,470) | (8,614) |
| Net change in: | |||
| Trading assets | 35,149 | 12,356 | 13,983 |
| Deferred income taxes | 3,573 | 4,287 | 9,453 |
| Accrued interest receivable | (401) | 1,051 | (293) |
| Accrued interest payable | (362) | (268) | (1,028) |
| Other assets, net | (11,529) | (19,631) | (15,018) |
| Other accrued expenses and liabilities, net | 3,000 | (1,729) | 2,070 |
| Net cash provided (used) by operating activities | 13,665 | 18,772 | 28,613 |
| Cash flows from investing activities: | |||
| Net change in Federal funds sold, securities purchased under resale agreements and other short term investments | 36,270 | (39,752) | 8,548 |
| Securities available for sale: | |||
| Sales proceeds | 23,062 | 8,668 | 53,038 |
| Prepayments and maturities | 52,618 | 47,919 | 38,811 |
| Purchases | (121,235) | (53,466) | (95,285) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (35,686) | 15,869 | 52,240 |
| Proceeds from sales (including participations) of loans originated for investment by banking subsidiaries | 6,555 | 6,517 | 6,162 |
| Purchases (including participations) of loans by banking subsidiaries | (8,878) | (2,297) | (3,363) |
| Principal collected on nonbank entities' loans | 9,782 | 15,560 | 14,428 |
| Loans originated by nonbank entities | (7,522) | (10,836) | (9,961) |
| Net cash paid for acquisitions | (353) | (36) | (138) |
| Proceeds from sales of foreclosed assets | 10,655 | 5,444 | 3,759 |
| Changes in MSRs from purchases and sales | (155) | (65) | (10) |
| Other, net | (157) | 2,800 | 3,556 |
| Net cash provided (used) by investing activities | (35,044) | (3,675) | 71,785 |
| Cash flows from financing activities: | |||
| Net change in deposits | 72,128 | 23,924 | 42,473 |
| Net change in short-term borrowings | (6,231) | 11,308 | (69,108) |
| Long-term debt: | |||
| Proceeds from issuance | 11,687 | 3,489 | 8,396 |
| Repayment | (50,555) | (63,317) | (66,260) |
| Preferred stock: | |||
| Proceeds from issuance | 2,501 | 0 | 0 |
| Cash dividends paid | (844) | (737) | (2,178) |
| Redeemed | 0 | 0 | (25,000) |
| Common stock: | |||
| Proceeds from issuance | 1,296 | 1,375 | 21,976 |
| Repurchased | (2,416) | (91) | (220) |
| Cash dividends paid | (2,537) | (1,045) | (2,125) |
| Stock warrants: | |||
| Common stock warrants repurchased | (2) | (545) | 0 |
| Excess tax benefits related to stock option payments | 79 | 98 | 18 |
| Net change in noncontrolling interests: | |||
| Cash paid for purchase of Prudential's noncontrolling interest | 0 | 0 | (4,500) |
| Other | (331) | (592) | (553) |
| Net cash provided (used) by financing activities | 24,775 | (26,133) | (97,081) |
| Net change in cash and due from banks | 3,396 | (11,036) | 3,317 |
| Cash and due from banks at beginning of year | 16,044 | 27,080 | 23,763 |
| Cash and due from banks at end of year | 19,440 | 16,044 | 27,080 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 7,011 | 8,307 | 10,978 |
| Cash paid for income taxes | 4,875 | 1,187 | 3,042 |
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2011 | |
| 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 |