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: 2013 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 22,224 | 19,368 | 16,211 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 2,309 | 7,217 | 7,899 |
| Changes in fair value of MSRs, MHFS and LHFS carried at fair value | (3,229) | (2,307) | (295) |
| Depreciation and amortization | 3,293 | 2,807 | 2,208 |
| Other net losses (gains) | (9,384) | (3,661) | 3,273 |
| Stock-based compensation | 1,920 | 1,698 | 1,488 |
| Excess tax benefits related to stock incentive compensation | (271) | (226) | (79) |
| Originations of MHFS | (317,054) | (483,835) | (345,099) |
| Proceeds from sales of and principal collected on mortgages originated for sale | 311,431 | 421,623 | 298,524 |
| Originations of LHFS | 0 | (15) | (5) |
| Proceeds from sales of and principal collected on LHFS | 575 | 9,383 | 11,833 |
| Purchases of LHFS | (291) | (7,975) | (11,723) |
| Net change in: | |||
| Trading assets | 43,638 | 105,440 | 35,149 |
| Deferred income taxes | 4,977 | (1,297) | 3,573 |
| Accrued interest receivable | (13) | 293 | (401) |
| Accrued interest payable | (32) | (84) | (362) |
| Other assets | 4,693 | 2,064 | (11,529) |
| Other accrued expenses and liabilities | (7,145) | (11,953) | 3,000 |
| Net cash provided by operating activities | 57,641 | 58,540 | 13,665 |
| Cash flows from investing activities: | |||
| Net change in Federal funds sold, securities purchased under resale agreements and other short term investments | (78,184) | (92,946) | 36,270 |
| Available-for-sale securities: | |||
| Sales proceeds | 2,837 | 5,210 | 23,062 |
| Prepayments and maturities | 50,737 | 59,712 | 52,618 |
| Purchases | (89,474) | (64,756) | (121,235) |
| Held-to-maturity Securities: | |||
| Paydowns and maturities | 30 | 0 | 0 |
| Purchases | (5,782) | 0 | 0 |
| Nonmarketable equity investments: | |||
| Sales proceeds | 2,577 | 2,279 | 2,424 |
| Purchases | (3,273) | (2,619) | (2,656) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (43,744) | (53,381) | (38,526) |
| Proceeds from sales (including participations) of loans originated for investment | 7,694 | 6,811 | 6,555 |
| Purchases (including participations) of loans | (11,563) | (9,040) | (8,878) |
| Principal collected on nonbank entities' loans | 19,955 | 25,080 | 9,782 |
| Loans originated by nonbank entities | (17,311) | (23,555) | (7,522) |
| Net cash paid for acquisitions | 0 | (4,322) | (353) |
| Proceeds from sales of foreclosed assets and short sales | 11,021 | 12,690 | 13,495 |
| Net cash from purchases and sales of MSRs | 407 | 116 | (155) |
| Other, net | 581 | (1,169) | 75 |
| Net cash used by investing activities | (153,492) | (139,890) | (35,044) |
| Cash flows from financing activities: | |||
| Net change in deposits | 76,342 | 82,762 | 72,128 |
| Net change in short-term borrowings | (3,390) | 7,699 | (6,231) |
| Long-term debt: | |||
| Proceeds from issuance | 53,227 | 27,695 | 11,687 |
| Repayment | (25,423) | (28,093) | (50,555) |
| Preferred stock: | |||
| Proceeds from issuance | 3,145 | 1,377 | 2,501 |
| Cash dividends paid | (1,017) | (892) | (844) |
| Common stock: | |||
| Proceeds from issuance | 2,224 | 2,091 | 1,296 |
| Repurchased | (5,356) | (3,918) | (2,416) |
| Cash dividends paid | (5,953) | (4,565) | (2,537) |
| Common stock warrants repurchased | 0 | (1) | (2) |
| Excess tax benefits related to stock incentive compensation | 271 | 226 | 79 |
| Net change in noncontrolling interests | (296) | (611) | (331) |
| Other, net | 136 | 0 | 0 |
| Net cash provided by financing activities | 93,910 | 83,770 | 24,775 |
| Net change in cash and due from banks | (1,941) | 2,420 | 3,396 |
| Cash and due from banks at beginning of year | 21,860 | 19,440 | 16,044 |
| Cash and due from banks at end of year | 19,919 | 21,860 | 19,440 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 4,321 | 5,245 | 7,011 |
| Cash paid for income taxes | 7,132 | 8,024 | 4,875 |
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2013 | |
| 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 |