Wells Fargo & (WFC) Financial Statements
Price: $64.965
Market Cap: $221.13B
Avg Volume: 17.19M
Market Cap: $221.13B
Avg Volume: 17.19M
Country: US
Industry: Banks - Diversified
Sector: Financial Services
Industry: Banks - Diversified
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Wells Fargo &.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.60B | $73.78B | $78.49B | $72.34B | $85.06B | $86.41B | $87.12B | $87.39B | $83.83B | $81.97B |
| Cost of Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $82.60B | $73.78B | $78.49B | $72.34B | $85.06B | $86.41B | $87.12B | $87.39B | $83.83B | $81.97B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $5.08B | $5.19B | $5.72B | $6.71B | $6.75B | $6.59B | $38.46B | $38.23B | $35.91B | $34.84B |
| Selling and Marketing Expenses | $812.00M | $505.00M | $600.00M | $600.00M | $1.08B | $857.00M | $614.00M | $595.00M | $606.00M | $653.00M |
| Selling General and Administrative Expenses | $48.53B | $46.29B | $48.06B | $48.48B | $49.17B | $46.32B | $39.07B | $38.83B | $36.51B | $35.49B |
| Other Expenses | $7.03B | $10.99B | $5.73B | $9.19B | $9.09B | $9.84B | $19.54B | $13.60B | $13.54B | $13.57B |
| Operating Expenses | $55.56B | $57.28B | $53.79B | $57.67B | $58.26B | $56.16B | $58.61B | $52.42B | $50.05B | $49.06B |
| Cost and Expenses | $55.56B | $57.28B | $53.79B | $57.67B | $58.26B | $56.16B | $58.61B | $52.42B | $50.05B | $49.06B |
| Interest Income | $85.12B | $54.02B | $39.69B | $47.80B | $66.08B | $64.65B | $58.91B | $53.66B | $49.28B | $47.55B |
| Interest Expense | $32.74B | $9.07B | $3.92B | $7.96B | $18.85B | $14.65B | $9.35B | $5.91B | $3.98B | $4.03B |
| Depreciation and Amortization | $6.27B | $7.31B | $8.49B | $8.97B | $7.92B | $5.59B | $5.41B | $4.97B | $35.86B | $36.21B |
| EBITDA | $43.27B | $29.94B | $57.70B | $8.08B | $51.93B | $57.08B | $59.63B | $68.96B | $71.72B | $72.43B |
| EBITDA Ratio | 52.39% | 40.58% | 73.51% | 11.17% | 61.05% | 66.05% | 68.45% | 78.91% | 85.56% | 88.36% |
| Operating Income | $21.64B | $14.97B | $28.85B | $4.04B | $25.97B | $28.54B | $29.82B | $34.48B | $35.86B | $36.21B |
| Operating Income Ratio | 26.19% | 20.29% | 36.76% | 5.59% | 30.53% | 33.03% | 34.22% | 39.46% | 42.78% | 44.18% |
| Total Other Income Expenses Net | $21.64B | $-1.00M | $-35.00M | $-1.54B | $24.20B | $28.54B | $-2.44B | $-2.36B | $-2.22B | $-2.30B |
| Income Before Tax | $21.64B | $14.97B | $28.82B | $2.50B | $25.97B | $28.54B | $27.38B | $32.12B | $33.64B | $33.91B |
| Income Before Tax Ratio | 26.19% | 20.29% | 36.71% | 3.46% | 30.53% | 33.03% | 31.42% | 36.76% | 40.13% | 41.38% |
| Income Tax Expense | $2.61B | $2.09B | $5.58B | $1.16B | $5.76B | $5.66B | $4.92B | $10.07B | $10.37B | $10.31B |
| Net Income | $19.14B | $13.68B | $22.11B | $1.79B | $19.71B | $22.39B | $22.18B | $21.94B | $22.89B | $23.06B |
| Net Income Ratio | 23.18% | 18.54% | 28.17% | 2.47% | 23.18% | 25.92% | 25.46% | 25.10% | 27.31% | 28.13% |
| EPS | $4.88 | $3.17 | $4.99 | $0.43 | $4.08 | $4.67 | $4.14 | $4.03 | $4.18 | $4.17 |
| EPS Diluted | $4.83 | $3.14 | $4.95 | $0.43 | $4.05 | $4.63 | $4.10 | $3.99 | $4.12 | $4.10 |
| Weighted Average Shares Outstanding | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B | 4.80B | 5.01B | 5.11B | 5.21B | 5.32B |
| Weighted Average Shares Outstanding Diluted | 3.72B | 3.84B | 4.10B | 4.13B | 4.43B | 4.84B | 5.02B | 5.11B | 5.21B | 5.32B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $237.22B | $159.16B | $234.23B | $264.61B | $141.25B | $173.29B | $215.95B | $20.73B | $19.11B | $19.57B |
| Short Term Investments | $125.53B | $113.59B | $177.24B | $220.39B | $263.46B | $269.91B | $277.08B | $308.36B | $267.36B | $257.44B |
| Cash and Short Term Investments | $113.48B | $272.75B | $411.47B | $485.00B | $404.71B | $178.35B | $26.36B | $27.15B | $286.47B | $277.01B |
| Net Receivables | $53.72B | $14.91B | $14.86B | $16.09B | $19.83B | $19.70B | $64.20B | $19.29B | $12.37B | $12.31B |
| Inventory | $-524.61B | $-369.99B | $-440.91B | $-471.57B | $-385.84B | $-343.64B | $-433.94B | $-398.73B | $- | $- |
| Other Current Assets | $470.89B | $369.99B | $440.91B | $471.57B | $385.84B | $384.01B | $433.94B | $398.73B | $- | $- |
| Total Current Assets | $113.48B | $287.66B | $426.33B | $501.09B | $424.54B | $238.41B | $90.56B | $46.44B | $298.84B | $289.32B |
| Property Plant Equipment Net | $18.24B | $8.35B | $8.57B | $8.89B | $9.31B | $8.92B | $18.51B | $8.33B | $8.70B | $8.74B |
| Goodwill | $25.18B | $25.17B | $25.18B | $26.39B | $26.39B | $26.42B | $26.59B | $26.69B | $25.53B | $25.70B |
| Intangible Assets | $8.51B | $10.48B | $8.19B | $7.44B | $12.95B | $16.09B | $16.66B | $14.37B | $13.72B | $13.98B |
| Goodwill and Intangible Assets | $33.68B | $35.65B | $33.37B | $33.83B | $39.34B | $42.51B | $43.25B | $41.06B | $39.25B | $39.69B |
| Long Term Investments | $480.20B | $561.22B | $610.42B | $563.47B | $565.37B | $539.84B | $537.13B | $482.34B | $424.76B | $391.18B |
| Tax Assets | $-444.47B | $19.92B | $10.68B | $12.48B | $8.45B | $610.43B | $7.33B | $13.33B | $- | $- |
| Other Non-Current Assets | $-43.83B | $-19.92B | $-10.68B | $-12.48B | $-8.45B | $-600.85B | $-7.33B | $-13.33B | $-472.71B | $-439.61B |
| Total Non-Current Assets | $43.83B | $605.23B | $652.36B | $606.19B | $614.01B | $600.85B | $598.89B | $531.74B | $472.71B | $439.61B |
| Other Assets | $1.78T | $988.13B | $869.38B | $847.88B | $889.00B | $1.06T | $1.26T | $1.35T | $1.02T | $958.23B |
| Total Assets | $1.93T | $1.88T | $1.95T | $1.96T | $1.93T | $1.90T | $1.95T | $1.93T | $1.79T | $1.69T |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Debt | $11.88B | $51.15B | $34.41B | $59.00B | $104.51B | $105.79B | $14.57B | $96.78B | $97.53B | $63.52B |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $59.33B | $-51.15B | $-34.41B | $-59.00B | $-104.51B | $-92.43B | $-14.57B | $-96.78B | $-97.53B | $-63.52B |
| Total Current Liabilities | $71.21B | $51.15B | $34.41B | $59.00B | $104.51B | $13.36B | $14.57B | $96.78B | $97.53B | $63.52B |
| Long Term Debt | $207.59B | $174.87B | $160.69B | $212.95B | $228.19B | $229.04B | $225.02B | $255.08B | $199.54B | $183.94B |
| Deferred Revenue Non-Current | $188.18B | $-20.05B | $- | $208.26B | $212.46B | $210.89B | $209.53B | $234.70B | $- | $- |
| Deferred Tax Liabilities Non-Current | $19.41B | $20.05B | $2.79B | $4.69B | $15.73B | $18.16B | $15.49B | $20.38B | $- | $- |
| Other Non-Current Liabilities | $-207.59B | $-123.72B | $-163.48B | $-212.95B | $-228.19B | $-229.04B | $-225.02B | $-255.08B | $-199.54B | $-183.94B |
| Total Non-Current Liabilities | $207.59B | $51.15B | $163.48B | $212.95B | $228.19B | $229.04B | $225.02B | $255.08B | $199.54B | $183.94B |
| Other Liabilities | $1.47T | $1.60T | $1.56T | $1.50T | $1.41T | $1.46T | $1.50T | $1.38T | $1.30T | $1.25T |
| Total Liabilities | $1.75T | $1.70T | $1.76T | $1.77T | $1.74T | $1.70T | $1.74T | $1.73T | $1.59T | $1.50T |
| Preferred Stock | $19.45B | $19.45B | $20.06B | $21.14B | $21.55B | $23.21B | $25.36B | $24.55B | $22.21B | $19.21B |
| Common Stock | $9.14B | $9.14B | $9.14B | $9.14B | $9.14B | $9.14B | $9.14B | $9.14B | $9.14B | $9.14B |
| Retained Earnings | $201.14B | $187.65B | $180.32B | $162.89B | $166.70B | $158.16B | $145.26B | $133.07B | $121.00B | $107.04B |
| Accumulated Other Comprehensive Income Loss | $-11.58B | $-13.38B | $-1.70B | $194.00M | $-1.31B | $-6.34B | $-2.14B | $-3.14B | $297.00M | $3.52B |
| Other Total Stockholders Equity | $-32.41B | $-22.96B | $-20.21B | $-8.47B | $-8.93B | $11.99B | $29.32B | $35.96B | $40.48B | $45.49B |
| Total Stockholders Equity | $185.74B | $179.89B | $187.61B | $184.89B | $187.15B | $196.17B | $206.94B | $199.58B | $193.13B | $184.39B |
| Total Equity | $187.44B | $181.88B | $190.11B | $185.92B | $187.98B | $197.07B | $208.08B | $200.50B | $194.03B | $185.26B |
| Total Liabilities and Stockholders Equity | $1.93T | $1.88T | $1.95T | $1.96T | $1.93T | $1.90T | $1.95T | $1.93T | $1.79T | $1.69T |
| Minority Interest | $1.71B | $1.99B | $2.50B | $1.03B | $838.00M | $900.00M | $1.14B | $916.00M | $893.00M | $868.00M |
| Total Liabilities and Total Equity | $1.93T | $1.88T | $1.95T | $1.96T | $1.93T | $1.90T | $1.95T | $1.93T | $1.79T | $1.69T |
| Total Investments | $605.73B | $674.82B | $787.66B | $783.86B | $828.83B | $544.90B | $540.12B | $516.14B | $715.86B | $670.58B |
| Total Debt | $219.47B | $226.01B | $195.10B | $271.95B | $332.70B | $334.83B | $239.59B | $351.86B | $297.06B | $247.46B |
| Net Debt | $-17.75B | $66.86B | $-39.13B | $7.34B | $191.45B | $161.54B | $23.64B | $331.13B | $277.95B | $227.89B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $19.03B | $12.88B | $23.24B | $3.59B | $20.04B | $22.88B | $22.46B | $22.05B | $23.28B | $23.61B |
| Depreciation and Amortization | $6.27B | $6.83B | $7.89B | $8.74B | $7.08B | $5.59B | $5.41B | $4.97B | $3.29B | $2.52B |
| Deferred Income Tax | $-50.00M | $1.07B | $-1.29B | $18.45B | $6.39B | $2.20B | $3.41B | $3.63B | $2.05B | $2.76B |
| Stock Based Compensation | $1.12B | $978.00M | $1.00B | $1.77B | $2.27B | $2.25B | $2.05B | $1.95B | $1.96B | $1.91B |
| Change in Working Capital | $5.28B | $30.07B | $33.81B | $23.62B | $22.41B | $44.52B | $32.64B | $51.49B | $35.79B | $18.15B |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $-623.00M | $-372.00M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $-10.99B | $7.22B |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $160.00M | $119.00M |
| Other Working Capital | $5.28B | $30.07B | $33.81B | $23.62B | $22.41B | $44.52B | $32.64B | $51.49B | $47.24B | $11.19B |
| Other Non Cash Items | $3.58B | $-24.79B | $-69.82B | $-54.11B | $-51.45B | $-41.37B | $-47.24B | $-83.91B | $-51.59B | $-31.42B |
| Net Cash Provided by Operating Activities | $40.36B | $27.05B | $-11.53B | $2.05B | $6.73B | $36.07B | $18.72B | $169.00M | $14.77B | $17.53B |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $513.00M | $-5.29B | $-13.81B | $-32.07B | $-73.39B | $-91.78B |
| Acquisitions Net | $- | $- | $- | $- | $-513.00M | $-10.00M | $-320.00M | $-30.58B | $-3.00M | $-174.00M |
| Purchases of Investments | $-36.09B | $-49.45B | $-189.36B | $-146.98B | $-72.53B | $-66.50B | $-106.69B | $-148.89B | $-107.55B | $-94.91B |
| Sales Maturities of Investments | $50.14B | $68.68B | $178.11B | $175.64B | $75.75B | $61.22B | $103.08B | $82.62B | $68.13B | $51.67B |
| Other Investing Activities | $1.99B | $-61.71B | $3.63B | $93.89B | $-32.86B | $2.82B | $4.49B | $6.80B | $5.58B | $6.81B |
| Net Cash Used for Investing Activities | $16.04B | $-42.48B | $-7.62B | $122.55B | $-29.63B | $-7.75B | $-13.26B | $-122.12B | $-107.23B | $-128.38B |
| Debt Repayment | $-26.18B | $-19.59B | $-47.13B | $-65.35B | $-61.00B | $-40.56B | $-80.80B | $-34.46B | $-27.33B | $-15.83B |
| Common Stock Issued | $1.72B | $- | $61.02B | $571.00M | $380.00M | $632.00M | $1.21B | $1.42B | $1.73B | $1.84B |
| Common Stock Repurchased | $-11.85B | $-6.03B | $-21.14B | $-7.02B | $-26.08B | $-22.78B | $-9.91B | $-8.12B | $-8.70B | $-9.41B |
| Dividends Paid | $-5.93B | $-5.29B | $-3.63B | $-6.14B | $-9.59B | $-9.31B | $-9.11B | $-9.04B | $-8.83B | $-8.14B |
| Other Financing Activities | $12.09B | $-28.73B | $-361.00M | $76.69B | $87.15B | $1.05B | $87.69B | $173.77B | $135.13B | $142.05B |
| Net Cash Used Provided by Financing Activities | $20.49B | $-59.65B | $-11.24B | $-1.24B | $-9.14B | $-70.98B | $-10.92B | $123.57B | $92.00B | $110.50B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $8.09B | $- | $- | $- |
| Net Change in Cash | $76.89B | $-75.07B | $-30.38B | $123.36B | $-32.04B | $-42.66B | $-5.45B | $1.62B | $-460.00M | $-348.00M |
| Cash at End of Period | $236.05B | $159.16B | $234.23B | $264.61B | $141.25B | $173.29B | $215.95B | $20.73B | $19.11B | $19.57B |
| Cash at Beginning of Period | $159.16B | $234.23B | $264.61B | $141.25B | $173.29B | $215.95B | $221.40B | $19.11B | $19.57B | $19.92B |
| Operating Cash Flow | $40.36B | $27.05B | $-11.53B | $2.05B | $6.73B | $36.07B | $18.72B | $169.00M | $14.77B | $17.53B |
| Capital Expenditure | $- | $- | $- | $- | $513.00M | $-5.29B | $-13.81B | $-32.07B | $-73.39B | $-91.78B |
| Free Cash Flow | $40.36B | $27.05B | $-11.53B | $2.05B | $7.24B | $30.79B | $4.91B | $-31.90B | $-58.62B | $-74.25B |