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: 2012 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Net income (loss) before noncontrolling interests | $ 19,368 | 16,211 | 12,663 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 7,217 | 7,899 | 15,753 |
| Changes in fair value of MSRs, MHFS and LHFS carried at fair value | (2,307) | (295) | (1,025) |
| Depreciation and amortization | 2,807 | 2,208 | 1,924 |
| Other net (gains) losses | (3,661) | 3,273 | 1,345 |
| Stock-based compensation | 1,698 | 1,488 | 1,232 |
| Excess tax benefits related to stock option payments | (226) | (79) | (98) |
| Originations of MHFS | (483,835) | (345,099) | (370,175) |
| Proceeds from sales of and principal collected on mortgages originated for sale | 421,623 | 298,524 | 355,325 |
| Originations of LHFS | (15) | (5) | (4,596) |
| Proceeds from sales of and principal collected on LHFS | 9,383 | 11,833 | 17,828 |
| Purchases of LHFS | (7,975) | (11,723) | (7,470) |
| Net change in: | |||
| Trading assets | 105,440 | 35,149 | 12,356 |
| Deferred income taxes | (1,297) | 3,573 | 4,287 |
| Accrued interest receivable | 293 | (401) | 1,051 |
| Accrued interest payable | (84) | (362) | (268) |
| Other assets, net | 2,064 | (11,529) | (19,631) |
| Other accrued expenses and liabilities, net | (11,953) | 3,000 | (1,729) |
| Net cash provided by operating activities | 58,540 | 13,665 | 18,772 |
| Cash flows from investing activities: | |||
| Net change in Federal funds sold, securities purchased under resale agreements and other short term investments | (92,946) | 36,270 | (39,752) |
| Securities available for sale: | |||
| Sales proceeds | 5,210 | 23,062 | 8,668 |
| Prepayments and maturities | 59,712 | 52,618 | 47,919 |
| Purchases | (64,756) | (121,235) | (53,466) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (50,420) | (35,686) | 15,869 |
| Proceeds from sales (including participations) of loans originated for investment | 6,811 | 6,555 | 6,517 |
| Purchases (including participations) of loans | (9,040) | (8,878) | (2,297) |
| Principal collected on nonbank entities' loans | 25,080 | 9,782 | 15,560 |
| Loans originated by nonbank entities | (23,555) | (7,522) | (10,836) |
| Net cash paid for acquisitions | (4,322) | (353) | (36) |
| Proceeds from sales of foreclosed assets | 9,729 | 10,655 | 5,444 |
| Changes in MSRs from purchases and sales | 116 | (155) | (65) |
| Other, net | (1,509) | (157) | 2,800 |
| Net cash used by investing activities | (139,890) | (35,044) | (3,675) |
| Cash flows from financing activities: | |||
| Net change in deposits | 82,762 | 72,128 | 23,924 |
| Net change in short-term borrowings | 7,699 | (6,231) | 11,308 |
| Long-term debt: | |||
| Proceeds from issuance | 27,695 | 11,687 | 3,489 |
| Repayment | (28,093) | (50,555) | (63,317) |
| Preferred stock: | |||
| Proceeds from issuance | 1,377 | 2,501 | 0 |
| Cash dividends paid | (892) | (844) | (737) |
| Common stock: | |||
| Proceeds from issuance | 2,091 | 1,296 | 1,375 |
| Repurchased | (3,918) | (2,416) | (91) |
| Cash dividends paid | (4,565) | (2,537) | (1,045) |
| Common stock warrants repurchased | (1) | (2) | (545) |
| Excess tax benefits related to stock option payments | 226 | 79 | 98 |
| Net change in noncontrolling interests | (611) | (331) | (592) |
| Net cash provided (used) by financing activities | 83,770 | 24,775 | (26,133) |
| Net change in cash and due from banks | 2,420 | 3,396 | (11,036) |
| Cash and due from banks at beginning of year | 19,440 | 16,044 | 27,080 |
| Cash and due from banks at end of year | 21,860 | 19,440 | 16,044 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 5,245 | 7,011 | 8,307 |
| Cash paid for income taxes | 8,024 | 4,875 | 1,187 |
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2012 | |
| 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 |