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: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 21, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income before noncontrolling interests | $ 12,882 | 23,238 | 3,662 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 1,534 | (4,155) | 14,129 |
| Changes in fair value of MSRs and LHFS carried at fair value | (1,326) | (1,188) | 4,321 |
| Depreciation, amortization and accretion | 6,832 | 7,890 | 8,219 |
| Deferred income tax expense (benefit) | 1,075 | (1,292) | (3,289) |
| Other, net | (14,524) | (12,194) | 7,024 |
| Originations and purchases of loans held for sale | (74,910) | (158,923) | (181,961) |
| Proceeds from sales of and paydowns on loans originally classified as held for sale | 65,418 | 101,293 | 122,592 |
| Net change in: | |||
| Debt and equity securities, held for trading | 31,579 | 19,334 | 43,214 |
| Derivative assets and liabilities | 7,856 | (2,472) | (5,492) |
| Other assets | (9,137) | 15,477 | (12,304) |
| Other accrued expenses and liabilities | (231) | 1,467 | 1,936 |
| Net cash provided (used) by operating activities | 27,048 | (11,525) | 2,051 |
| Cash flows from investing activities: | |||
| Net change in: | |||
| Federal funds sold and securities purchased under resale agreements | (704) | (551) | 36,468 |
| Available-for-sale debt securities: | |||
| Proceeds from sales | 16,895 | 17,958 | 48,638 |
| Paydowns and maturities | 19,791 | 75,701 | 78,174 |
| Purchases | (40,104) | (110,431) | (91,545) |
| Held-to-maturity debt securities: | |||
| Paydowns and maturities | 27,666 | 79,517 | 36,641 |
| Purchases | (2,360) | (71,245) | (46,755) |
| Equity securities, not held for trading: | |||
| Proceeds from sales and capital returns | 4,326 | 4,933 | 12,187 |
| Purchases | (6,984) | (7,680) | (8,677) |
| Loans: | |||
| Loans originated by banking subsidiaries, net of principal collected | (74,861) | (28,809) | 53,718 |
| Proceeds from sales of loans originally classified as held for investment | 12,446 | 31,847 | 9,359 |
| Purchases of loans | (741) | (389) | (1,313) |
| Principal collected on nonbank entities loans | 5,173 | 8,985 | 7,927 |
| Loans originated by nonbank entities | (3,824) | (11,237) | (13,052) |
| Other, net | 805 | 3,782 | 784 |
| Net cash provided (used) by investing activities | (42,476) | (7,619) | 122,554 |
| Cash flows from financing activities: | |||
| Net change in: | |||
| Deposits | (98,494) | 78,582 | 81,755 |
| Short-term borrowings | 16,564 | (24,590) | (45,513) |
| Long-term debt: | |||
| Proceeds from issuance | 53,737 | 1,275 | 38,136 |
| Repayment | (19,587) | (47,134) | (65,347) |
| Preferred stock: | |||
| Proceeds from issuance | 0 | 5,756 | 3,116 |
| Redeemed | 0 | (6,675) | (3,602) |
| Cash dividends paid | (1,115) | (1,205) | (1,290) |
| Common stock: | |||
| Repurchased | (6,033) | (14,464) | (3,415) |
| Cash dividends paid | (4,178) | (2,422) | (4,852) |
| Other, net | (539) | (361) | (231) |
| Net cash used by financing activities | (59,645) | (11,238) | (1,243) |
| Net change in cash, cash equivalents, and restricted cash | (75,073) | (30,382) | 123,362 |
| Cash, cash equivalents, and restricted cash at beginning of period | 234,230 | 264,612 | |
| Cash, cash equivalents, and restricted cash at end of period | 159,157 | 234,230 | 264,612 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 8,289 | 4,384 | 8,414 |
| Cash paid for income taxes, net | 3,376 | 3,166 | 1,175 |
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2022 | |
| 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 |