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: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 3,586 | 20,041 | 22,876 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 14,129 | 2,687 | 1,744 |
| Changes in fair value of MSRs and LHFS carried at fair value | 4,321 | 3,702 | 453 |
| Depreciation, amortization and accretion | 8,736 | 7,075 | 5,593 |
| Other net (gains) losses | 5,258 | (5,513) | (7,551) |
| Stock-based compensation | 1,766 | 2,274 | 2,255 |
| Originations and purchases of loans held for sale | (181,961) | (159,309) | (154,934) |
| Proceeds from sales of and paydowns on loans held for sale | 122,592 | 114,155 | 120,160 [1] |
| Net change in: | |||
| Debt and equity securities, held for trading | 43,214 | 22,066 | 35,054 |
| Deferred income taxes | (3,314) | (3,246) | 1,970 |
| Derivative assets and liabilities | (5,492) | (2,665) | 1,513 |
| Other assets | (12,304) | 3,034 | 7,805 |
| Other accrued expenses and liabilities | 1,520 | 2,429 | (865) |
| Net cash provided by operating activities | 2,051 | 6,730 | 36,073 |
| Cash flows from investing activities: | |||
| Net change in: | |||
| Federal funds sold and securities purchased under resale agreements | 36,468 | (21,933) | (1,184) |
| Available-for-sale debt securities: | |||
| Proceeds from sales | 48,638 | 9,386 | 7,320 |
| Prepayments and maturities | 78,174 | 46,542 | 36,725 |
| Purchases | (91,545) | (57,015) | (60,067) |
| Held-to-maturity debt securities: | |||
| Paydowns and maturities | 36,641 | 13,684 | 10,934 |
| Purchases | (46,755) | (8,649) | 0 |
| Equity securities, not held for trading: | |||
| Proceeds from sales and capital returns | 12,187 | 6,143 | 6,242 |
| Purchases | (8,677) | (6,865) | (6,433) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | 53,718 | (23,698) | (18,619) |
| Proceeds from sales (including participations) of loans held for investment | 9,359 | 12,038 | 16,294 |
| Purchases (including participations) of loans | (1,313) | (2,033) | (2,088) |
| Principal collected on nonbank entities loans | 7,927 | 3,912 | 6,791 |
| Loans originated by nonbank entities | (13,052) | (5,274) | (6,482) |
| Proceeds from sales of foreclosed assets and short sales | 1,147 | 2,666 | 3,592 |
| Other, net | (363) | 1,465 | (779) |
| Net cash provided (used) by investing activities | 122,554 | (29,631) | (7,754) |
| Cash flows from financing activities: | |||
| Net change in: | |||
| Deposits | 81,755 | 36,137 | (48,034) |
| Short-term borrowings | (45,513) | (1,275) | 2,531 |
| Long-term debt: | |||
| Proceeds from issuance | 38,136 | 53,381 | 47,595 |
| Repayment | (65,347) | (60,996) | (40,565) |
| Preferred stock: | |||
| Proceeds from issuance | 3,116 | 0 | 0 |
| Redeemed | (3,602) | (1,550) | (2,150) |
| Cash dividends paid | (1,290) | (1,391) | (1,622) |
| Common stock: | |||
| Proceeds from issuance | 571 | 380 | 632 |
| Stock tendered for payment of withholding taxes | (340) | (302) | (331) |
| Repurchased | (3,415) | (24,533) | (20,633) |
| Cash dividends paid | (4,852) | (8,198) | (7,692) |
| Net change in noncontrolling interests | (102) | (513) | (462) |
| Other, net | (360) | (276) | (248) |
| Net cash used by financing activities | (1,243) | (9,136) | (70,979) |
| Net change in cash, cash equivalents, and restricted cash | 123,362 | (32,037) | (42,660) |
| Cash, cash equivalents, and restricted cash at beginning of year | 141,250 | 173,287 | 215,947 |
| Cash, cash equivalents, and restricted cash at end of year | 264,612 | 141,250 | 173,287 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 8,414 | 18,834 | 14,366 |
| Cash paid for income taxes, net | 1,175 | 7,493 [2] | (135) |
| [1] Prior periods have been revised to conform to the current period presentation. | |||
| [2] In 2020, we presented cash paid for income taxes on a net basis with a reduction for cash received for refunds of income taxes paid. Prior period balances have been revised to conform with the current period presentation. | |||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2020 | |
| 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 |