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: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 27, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 20,041 | 22,876 | 22,460 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 2,687 | 1,744 | 2,528 |
| Changes in fair value of MSRs, MLHFS and LHFS carried at fair value | 3,702 | 453 | 886 |
| Depreciation, amortization and accretion | 7,075 | 5,593 | 5,406 |
| Other net gains | (5,500) | (7,630) | (1,518) |
| Stock-based compensation | 2,274 | 2,255 | 2,046 |
| Originations and purchases of mortgage loans held for sale | (158,673) | (152,832) | (181,269) |
| Proceeds from sales of and paydowns on mortgage loans held for sale | 112,718 | 119,097 | 134,984 |
| Net change in: | |||
| Debt and equity securities, held for trading | 22,066 | 35,054 | 33,505 |
| Loans held for sale | 788 | (960) | 327 |
| Deferred income taxes | (3,246) | 1,970 | 666 |
| Derivative assets and liabilities | (2,665) | 1,513 | (5,025) |
| Other assets | 3,034 | 7,805 | (1,214) |
| Other accrued expenses and liabilities | 2,429 | (865) | 4,837 |
| Net cash provided by operating activities | 6,730 | 36,073 | 18,619 |
| Cash flows from investing activities: | |||
| Net change in: | |||
| Federal funds sold and securities purchased under resale agreements | (21,933) | (1,184) | (21,497) |
| Available-for-sale debt securities: | |||
| Proceeds from sales | 9,386 | 7,320 | 42,067 |
| Prepayments and maturities | 46,542 | 36,725 | 45,688 |
| Purchases | (57,015) | (60,067) | (103,656) |
| Held-to-maturity securities: | |||
| Paydowns and maturities | 13,684 | 10,934 | 10,673 |
| Purchases | (8,649) | 0 | 0 |
| Equity securities, not held for trading: | |||
| Proceeds from sales and capital returns | 6,143 | 6,242 | 5,451 |
| Purchases | (6,865) | (6,433) | (3,735) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (23,698) | (18,619) | 317 |
| Proceeds from sales (including participations) of loans held for investment | 12,038 | 16,294 | 10,439 |
| Purchases (including participations) of loans | (2,033) | (2,088) | (3,702) |
| Principal collected on nonbank entities loans | 3,912 | 6,791 | 7,448 |
| Loans originated by nonbank entities | (5,274) | (6,482) | (6,814) |
| Proceeds from sales of foreclosed assets and short sales | 2,666 | 3,592 | 5,198 |
| Other, net (1) | 1,465 | (779) [1] | (1,029) |
| Net cash used by investing activities | (29,631) | (7,754) | (13,152) |
| Cash flows from financing activities: | |||
| Net change in: | |||
| Deposits | 36,137 | (48,034) | 29,912 |
| Short-term borrowings | (1,275) | 2,531 | 14,020 |
| Long-term debt: | |||
| Proceeds from issuance | 53,381 | 47,595 | 43,575 |
| Repayment | (60,996) | (40,565) | (80,802) |
| Preferred stock: | |||
| Proceeds from issuance | 0 | 0 | 677 |
| Redeemed | (1,550) | (2,150) | 0 |
| Cash dividends paid | (1,391) | (1,622) | (1,629) |
| Common stock: | |||
| Proceeds from issuance | 380 | 632 | 1,211 |
| Stock tendered for payment of withholding taxes | (302) | (331) | (393) |
| Repurchased | (24,533) | (20,633) | (9,908) |
| Cash dividends paid | (8,198) | (7,692) | (7,480) |
| Net change in noncontrolling interests | (513) | (462) | 30 |
| Other, net | (276) | (248) | (133) |
| Net cash used by financing activities | (9,136) | (70,979) | (10,920) |
| Net change in cash, cash equivalents, and restricted cash | (32,037) | (42,660) | (5,453) |
| Cash, cash equivalents, and restricted cash at beginning of year | 173,287 | 215,947 | 221,400 |
| Cash, cash equivalents, and restricted cash at end of year | 141,250 | 173,287 | 215,947 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 18,834 | 14,366 | 9,103 |
| Cash paid for income taxes | 7,557 | 1,977 | 6,592 |
| [1] (1)Prior periods have been revised to conform to the current period presentation. | |||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2019 | |
| 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 |