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: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Mar 1, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 22,045 | 23,276 | 23,608 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 3,770 | 2,442 | 1,395 |
| Changes in fair value of MSRs, MHFS and LHFS carried at fair value | 139 | 62 | 1,820 |
| Depreciation, amortization and accretion | 4,970 | 3,288 | 2,515 |
| Other net gains | (6,086) | (6,496) | (3,760) |
| Stock-based compensation | 1,945 | 1,958 | 1,912 |
| Excess tax benefits related to stock incentive compensation | (283) | (453) | (453) |
| Originations and purchases of MHFS and LHFS | (205,314) | (178,294) | (144,966) |
| Proceeds from sales of and paydowns on mortgages originated for sale and LHFS | 127,488 | 133,201 | 117,304 |
| Net change in: | |||
| Trading assets (1) | 62,550 | 42,754 | 14,242 [1] |
| Deferred income taxes | 1,793 | (2,265) | 2,354 |
| Derivative assets and liabilities | 2,089 | (354) | 1,480 |
| Other assets (1) | (14,232) | (2,165) | (6,700) |
| Other accrued expenses and liabilities (1) | (705) | (2,182) | 6,778 |
| Net cash provided by operating activities | 169 | 14,772 | 17,529 |
| Cash flows from investing activities: | |||
| Net change in: | |||
| Federal funds sold, securities purchased under resale agreements and other short-term investments | 3,991 | (11,866) | (41,778) |
| Available-for-sale securities: | |||
| Sales proceeds | 31,584 | 25,431 | 6,089 |
| Prepayments and maturities | 41,105 | 33,912 | 37,257 |
| Purchases | (120,980) | (79,778) | (44,807) |
| Held-to-maturity securities: | |||
| Paydowns and maturities | 7,957 | 5,290 | 5,168 |
| Purchases | (23,593) | (25,424) | (47,012) |
| Nonmarketable equity investments: | |||
| Sales proceeds | 1,975 | 3,496 | 3,161 |
| Purchases | (4,316) | (2,352) | (3,087) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (38,977) | (57,016) | (65,162) |
| Proceeds from sales (including participations) of loans held for investment | 10,061 | 11,672 | 21,564 |
| Purchases (including participations) of loans | (6,221) | (13,759) | (6,424) |
| Principal collected on nonbank entities' loans | 11,609 | 10,023 | 13,589 |
| Loans originated by nonbank entities | (12,533) | (12,441) | (13,570) |
| Net cash paid for acquisitions | (30,584) | (3) | (174) |
| Proceeds from sales of foreclosed assets and short sales | 7,311 | 7,803 | 7,697 |
| Other, net (1) | (508) | (2,223) | (891) |
| Net cash used by investing activities | (122,119) | (107,235) | (128,380) |
| Cash flows from financing activities: | |||
| Net change in: | |||
| Deposits | 82,767 | 54,867 | 89,133 |
| Short-term borrowings | (1,198) | 34,010 | 8,035 |
| Long-term debt: | |||
| Proceeds from issuance | 90,111 | 43,030 | 42,154 |
| Repayment | (34,462) | (27,333) | (15,829) |
| Preferred stock: | |||
| Proceeds from issuance | 2,101 | 2,972 | 2,775 |
| Cash dividends paid | (1,566) | (1,426) | (1,235) |
| Common stock: | |||
| Proceeds from issuance | 1,415 | 1,726 | 1,840 |
| Repurchased | (8,116) | (8,697) | (9,414) |
| Cash dividends paid | (7,472) | (7,400) | (6,908) |
| Excess tax benefits related to stock incentive compensation | 283 | 453 | 453 |
| Net change in noncontrolling interests | (188) | (232) | (552) |
| Other, net | (107) | 33 | 51 |
| Net cash provided by financing activities | 123,568 | 92,003 | 110,503 |
| Net change in cash and due from banks | 1,618 | (460) | (348) |
| Cash and due from banks at beginning of year | 19,111 | 19,571 | 19,919 |
| Cash and due from banks at end of year | 20,729 | 19,111 | 19,571 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 5,573 | 3,816 | 3,906 |
| Cash paid for income taxes | 8,446 | 13,688 | 8,808 |
| [1] (1)Prior periods have been revised to conform to the current period presentation. | |||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2016 | |
| 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 |