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: 2017 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Mar 1, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 22,460 | 22,045 | 23,276 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 2,528 | 3,770 | 2,442 |
| Changes in fair value of MSRs, MHFS and LHFS carried at fair value | 886 | 139 | 62 |
| Depreciation, amortization and accretion | 5,406 | 4,970 | 3,288 |
| Other net gains | (973) | (6,086) | (6,496) |
| Stock-based compensation | 2,046 | 1,945 | 1,958 |
| Originations and purchases of MHFS and LHFS | (181,321) | (205,314) | (178,294) |
| Proceeds from sales of and paydowns on mortgages originated for sale and LHFS | 135,054 | 127,488 | 133,201 |
| Net change in: | |||
| Trading assets | 33,332 | 62,550 | 42,754 |
| Deferred income taxes | 666 | 1,793 | (2,265) |
| Derivative assets and liabilities | (5,025) | 2,089 | (354) |
| Other assets | (1,174) | (14,232) | (2,165) |
| Other accrued expenses and liabilities (1) | 4,837 | (211) [1] | (1,503) |
| Net cash provided by operating activities | 18,722 | 946 | 15,904 |
| Cash flows from investing activities: | |||
| Net change in: | |||
| Federal funds sold, securities purchased under resale agreements and other short-term investments | (13,490) | 3,991 | (11,866) |
| Available-for-sale securities: | |||
| Sales proceeds | 42,714 | 31,584 | 25,431 |
| Prepayments and maturities | 45,710 | 41,105 | 33,912 |
| Purchases | (103,671) | (120,980) | (79,778) |
| Held-to-maturity securities: | |||
| Paydowns and maturities | 10,673 | 7,957 | 5,290 |
| Purchases | 0 | (23,593) | (25,424) |
| Nonmarketable equity investments: | |||
| Sales proceeds | 3,982 | 1,975 | 3,496 |
| Purchases | (3,023) | (4,316) | (2,352) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected (2) | 317 | (39,002) | (57,020) |
| Proceeds from sales (including participations) of loans held for investment | 10,439 | 10,061 | 11,672 |
| Purchases (including participations) of loans | (3,702) | (6,221) | (13,759) |
| Principal collected on nonbank entities' loans (2) | 7,448 | 6,844 | 5,023 |
| Loans originated by nonbank entities (2) | (6,814) | (7,743) [2] | (7,437) |
| Net cash paid for acquisitions | (320) | (30,584) | (3) |
| Proceeds from sales of foreclosed assets and short sales | 5,198 | 7,311 | 7,803 |
| Other, net | (625) | (508) | (2,223) |
| Net cash used by investing activities | (5,164) | (122,119) | (107,235) |
| Cash flows from financing activities: | |||
| Net change in: | |||
| Deposits | 29,912 | 82,767 | 54,867 |
| Short-term borrowings | 14,020 | (1,198) | 34,010 |
| Long-term debt: | |||
| Proceeds from issuance | 43,575 | 90,111 | 43,030 |
| Repayment | (80,802) | (34,462) | (27,333) |
| Preferred stock: | |||
| Proceeds from issuance | 677 | 2,101 | 2,972 |
| Cash dividends paid | (1,629) | (1,566) | (1,426) |
| Common stock: | |||
| Proceeds from issuance | 1,211 | 1,415 | 1,726 |
| Stock tendered for payment of withholding taxes | (393) | (494) | (679) |
| Repurchased | (9,908) | (8,116) | (8,697) |
| Cash dividends paid | (7,480) | (7,472) | (7,400) |
| Net change in noncontrolling interests | 30 | (188) | (232) |
| Other, net | (133) | (107) | 33 |
| Net cash provided (used) by financing activities | (10,920) | 122,791 | 90,871 |
| Net change in cash and due from banks | 2,638 | 1,618 | (460) |
| Cash and due from banks at beginning of year | 20,729 | 19,111 | 19,571 |
| Cash and due from banks at end of year | 23,367 | 20,729 | 19,111 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 9,103 | 5,573 | 3,816 |
| Cash paid for income taxes | 6,592 | 8,446 | 13,688 |
| [1] (1)Prior periods have been revised to conform to the current period presentation. | |||
| [2] (2)Prior periods have been revised to reflect classification changes due to entity restructuring activities. | |||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2017 | |
| 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 |