10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WELLS FARGO & COMPANY/MN | |||
Ticker: WFC Fiscal Year: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 23,608 | 22,224 | 19,368 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 1,395 | 2,309 | 7,217 |
| Changes in fair value of MSRs, MHFS and LHFS carried at fair value | 1,820 | (3,229) | (2,307) |
| Depreciation, amortization and accretion | 2,515 | 3,293 | 2,807 |
| Other net gains | (3,760) | (9,384) | (3,661) |
| Stock-based compensation | 1,912 | 1,920 | 1,698 |
| Excess tax benefits related to stock incentive compensation | (453) | (271) | (226) |
| Originations of MHFS | (144,812) | (317,054) | (483,835) |
| Proceeds from sales of and principal collected on mortgages originated for sale | 117,097 | 311,431 | 421,623 |
| Originations of LHFS | 0 | 0 | (15) |
| Proceeds from sales of and principal collected on LHFS | 207 | 575 | 9,383 |
| Purchases of LHFS | (154) | (291) | (7,975) |
| Net change in: | |||
| Trading assets | 11,186 | 43,638 | 105,440 |
| Deferred income taxes | 2,354 | 4,977 | (1,297) |
| Accrued interest receivable | (372) | (13) | 293 |
| Accrued interest payable | 119 | (32) | (84) |
| Other assets | (10,681) | 4,693 | 2,064 |
| Other accrued expenses and liabilities | 15,548 | (7,145) | (11,953) |
| Net cash provided by operating activities | 17,529 | 57,641 | 58,540 |
| Cash flows from investing activities: | |||
| Net change in: | |||
| Federal funds sold, securities purchased under resale agreements and other short-term investments | (41,778) | (78,184) | (92,946) |
| Available-for-sale securities: | |||
| Sales proceeds | 6,089 | 2,837 | 5,210 |
| Prepayments and maturities | 37,257 | 50,737 | 59,712 |
| Purchases | (44,807) | (89,474) | (64,756) |
| Held-to-maturity securities: | |||
| Paydowns and maturities | 5,168 | 30 | 0 |
| Purchases | (47,012) | (5,782) | 0 |
| Nonmarketable equity investments: | |||
| Sales proceeds | 3,161 | 2,577 | 2,279 |
| Purchases | (3,087) | (3,273) | (2,619) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (65,162) | (43,744) | (53,381) |
| Proceeds from sales (including participations) of loans originated for investment | 21,564 | 7,694 | 6,811 |
| Purchases (including participations) of loans | (6,424) | (11,563) | (9,040) |
| Principal collected on nonbank entities' loans | 13,589 | 19,955 | 25,080 |
| Loans originated by nonbank entities | (13,570) | (17,311) | (23,555) |
| Net cash paid for acquisitions | (174) | 0 | (4,322) |
| Proceeds from sales of foreclosed assets and short sales | 7,697 [1] | 11,021 | 12,690 |
| Net cash from purchases and sales of MSRs | (150) | 407 | 116 |
| Other, net | (741) | 581 | (1,169) |
| Net cash used by investing activities | (128,380) | (153,492) | (139,890) |
| Cash flows from financing activities: | |||
| Net change in: | |||
| Deposits | 89,133 | 76,342 | 82,762 |
| Short-term borrowings | 8,035 | (3,390) | 7,699 |
| Long-term debt: | |||
| Proceeds from issuance | 42,154 | 53,227 | 27,695 |
| Repayment | (15,829) | (25,423) | (28,093) |
| Preferred stock: | |||
| Proceeds from issuance | 2,775 | 3,145 | 1,377 |
| Cash dividends paid | (1,235) | (1,017) | (892) |
| Common stock: | |||
| Proceeds from issuance | 1,840 | 2,224 | 2,091 |
| Repurchased | (9,414) | (5,356) | (3,918) |
| Cash dividends paid | (6,908) | (5,953) | (4,565) |
| Common stock warrants repurchased | 0 | 0 | (1) |
| Excess tax benefits related to stock incentive compensation | 453 | 271 | 226 |
| Net change in noncontrolling interests | (552) | (296) | (611) |
| Other, net | 51 | 136 | 0 |
| Net cash provided by financing activities | 110,503 | 93,910 | 83,770 |
| Net change in cash due from banks | (348) | (1,941) | 2,420 |
| Cash and due from banks at beginning of year | 19,919 | 21,860 | 19,440 |
| Cash and due from banks at end of year | 19,571 | 19,919 | 21,860 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 3,906 | 4,321 | 5,245 |
| Cash paid for income taxes | 8,808 | 7,132 | 8,024 |
| [1] Includes proceeds received for the settlement of claims on certain government guaranteed residential real estate mortgage loans in foreclosure that are reported as accounts receivables. During fourth quarter 2014, we adopted Accounting Standards Update (ASU) 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure, effective as of January 1, 2014. This ASU requires that certain government guaranteed residential real estate mortgage loans be recognized as other receivables upo | |||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2014 | |
| 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 |