Part 3. Identify Major Sources of Cash and Use Operating Cash Flow to Evaluate the Quality of Earnings.

From your company's Statement of Cash Flows, (a) list the dollar amount and sign (positive or negative) of your company's three or four major investing cash flows and three or four major financing cash flows for the most recent fiscal year reported, and (b) use the operating cash flow section to evaluate the quality of your company's earnings for the most recent fiscal year reported.

Powered by Clearbit Wells Fargo & Co (New) (NYS: WFC) Exchange rate used is that of the Year End reported date 10 As Reported Annual Balance Sheet 11 Report Date 12/31/2019 12/31/2018 12/31/2017 12 Currency JSD USD JSD 13 Audit Status Not Available Not Qualified Not Qualified 14 Consolidated Yes Yes Yes 15 Scale Thousands Thousands Thousands 16 Cash & due from banks 21757000 23551000 23367000 17 Interest-eaming deposits with banks 119493000 149736000 18 Total cash, cash equivalents, & restricted cash 141250000 173287000 19 Federal funds sold & securities purchased under resale agreeme 102140000 80207000 20 Federal funds sold & securities purchased under resale agreeme 78999000 Interest-bearing deposits 192580000 22 Other short-term investments 1026000 23 Federal funds sold, securities purchased under resale agreemen 272605000 24 Trading assets 92329000 25 Trading, at fair value 79733000 69989000 26 Investment securities available for sale 263459000 269912000 277085000 27 Investments securities held-to-maturity 153933000 144788000 139335000 28 Mortgages held for sale 23342000 15126000 20070000 29 Loans held for sale 977000 2041000 108000 30 Commercial & industrial 354125000 350199000 333125000 31 Real estate mortgage 121824000 121014000 126599000 32 Real estate construction 19939000 22496000 24279000 33 Lease financing 19831000 19696000 19385000 34 Total commercial 515719000 513405000 503388000 35 Consumer: real estate 1-4 family first mortgage 293847000 285065000 284054000 36 Consumer: real estate 1-4 family junior lien mortgage 29509000 34398000 39713000 37 Consumer: credit card 41013000 39025000 37976000 38 Consumer: automobile 47873000 45069000 53371000 39 Consumer: other revolving credit & installments 34304000 36148000 38268000 40 Total consumer 445546000 439705000 453382000 41 Total loans 962265000 9531 10000 956770000 42 Allowance for loan losses 9551000 9775000 1 1004000 43 Net loans 952714000 943335000 945766000 44 Mortgage servicing rights-measured at fair value 11517000 14649000 13625000 Mortgage servicing rights-amortize 1430000 1443000 1424000 46 Land 1857000 1757000 1799000 47 Buildings 9499000 8974000 8865000 48 Furniture & equipment 7189000 6896000 7089000 49 Leasehold improvements 2597000 2387000 2291000 50 Premises & equipment leased under capital leases 33000 75000 103000 51 Total premises & equipment 21175000 20089000 20147000 52 Less accumulated depreciation & amortization 1186600 11169000 1 1300000 53 Premises & equipment, net 9309000 8920000 8847000 54 Goodwill 26390000 26418000 26587000 55 Derivative assets 14203000 10770000 12228000 56 Equity securities 68241000 55148000 57 Nonmarketable equity investments - cost method - federal bank 5369000 58 Nonmarketable equity investments - cost method - private equity 1394000 59 Nonmarketable equity investments - cost method - auction rate s 400000 60 Total nonmarketable equity investments - cost method 7163000 61 Nonmarketable equity investments - equity method - LIHTC 10269000 62 Nonmarketable equity investments - equity method - Private equi 3839000 63 Nonmarketable equity investments - equity method - Tax-advanta 1950000 64 Nonmarketable equity investments - equity method - New market 29400065 Total equity method investments 16352000 66 Fair value 4867000 67 Total nonmarketable equity investments 28382000 68 Corporate/bank-owned life insurance 20070000 19751000 19549000 69 Accounts receivable 29137000 34281000 39127000 70 Interest receivable 5586000 6084000 5688000 Core deposit intangibles 769000 72 Customer relationship & other amortized intangibles 423000 545000 841000 Foreclosed assets - residential real estate - government insured/! 50000 88000 120000 Foreclosed assets - residential real estate - non-government insu 172000 229000 252000 Foreclosed assets - non-residential real estate 81000 134000 270000 76 Operating lease assets 8221000 9036000 9666000 77 Operating lease assets 4724000 8 Due from customers on acceptances 253000 258000 177000 79 Other assets 10200000 9444000 13540000 80 otal other 78917000 79850000 118381000 81 Total assets 1927555000 1895883000 1951757000 82 Noninterest-bearing deposits 34449600 349534000 373722000 83 Interest-bearing checking 62814000 56797000 51928000 84 Market rate & other savings 751080000 703338000 690168000 85 Savings certificates 31715000 22648000 20415000 86 Other time deposits 78609000 95602000 71715000 87 Deposits in foreign offices 53912000 58251000 128043000 88 Interest-bearing deposits 978130000 936636000 962269000 89 Total deposits 132262600 1286170000 1335991000 90 Federal funds purchased & securities sold under agreements to 92403000 88684000 Other short-term borrowings 1210900 14572000 92 Short-term borrowings 104512000 105787000 103256000 93 Derivative liabilities 907900 8499000 8796000 Accrued expenses & other liabilities 75163000 17000 70615000 95 Senior debt 186709000 188964000 181588000 96 Subordinated debt 32569000 30627000 32540000 Junior subordinated debt 2109000 1968000 2010000 98 Long-term debt issued by VIE - fixed rate 268000 99 Long-term debt issued by VIE - floating rate 121 1000 100 Capital leases 39000 01 Mortgage notes & other debt 7364000 02 Securitizations & other bank debt 6804000 7485000 03 Long-term debt 228191000 229044000 225020000 04 Total liabilities 1739571000 1698817000 1743678000 05 Preferred stock 21549000 23214000 25358000 06 Common stock 9136000 9136000 9136000 07 Additional paid-in capital 6104900 60685000 60893000 108 Retained earnings 166697000 158163000 145263000 109 Debt securities 1552000 3122000 10 Net unrealized gains (losses) on securities available for sale 171000 11 Fair value hedges 180000 12 Cash flow hedges -29800 13 Derivatives & other hedging activities -685000 418000 14 Defined benefit plans adjustment 2223000 2296000 -1808000 15 Foreign currency translation adjustments 162000 -233000 89000 16 Cumulative other comprehensive income (loss) -131 1000 6336000 -2144000 Treasury stoo 68831000 47194000 29892000 118 Uneamed ESOP shares 1143000 1502000 1678000 19 Total Wells Fargo stockholders' equity 187146000 196166000 206936000 20 Noncontrolling interests 838000 900000 1143000 21 Total equity 187984000 197066000 208079000 22123 As Reported Annual Income Statement 124 Report Date 12/31/2019 12/31/2018 12/31/2017 125 Currency USD USD USD 6 Audit Status Not Available Not Qualified Not Qualified 127 Consolidated Yes Yes 128 Scale Thousands Thousands Thousands 129 Interest income on trading assets 2928000 130 Interest income on debt securities 14955000 14406000 131 Interest on investment securities 10664000 132 Interest income on mortgages held for sale 813000 777000 786000 3 Interest income on loans held for sale 79000 140000 12000 134 Interest income on loans 44146000 43974000 41388000 135 Interest income on equity securities 962000 992000 136 Other interest income 5128000 4358000 3131000 37 Total interest income 66083000 64647000 58909000 138 Interest expenses on deposits 8635000 5622000 3013000 139 Interest expenses on short-term borrowings 2316000 1717000 758000 40 Interest expenses on long-term debt 7350000 6703000 5157000 141 Other interest expense 551000 610000 424000 2 Total interest expense 1885200 14652000 9352000 143 Net interest income 47231000 49995000 49557000 144 Provision for credit losses 2687000 1744000 2528000 145 Net interest income after provision for credit losses 44544000 48251000 47029000 146 Service charges on deposit accounts 479800 4716000 5111000 147 Trust & investment fees 14072000 14509000 14495000 148 Card fees 4016000 3907000 3960000 149 Other fees 3084000 3384000 3557000 150 Mortgage banking 271500 301700 4350000 151 Insurance 378000 429000 1049000 152 Net gains from trading activities 993000 602000 1053000 153 Net gains (losses) on debt securities 140000 108000 479000 154 Net gains (losses) from equity securities 3000 1515000 1268000 155 Lease income 1612000 1753000 1907000 156 Other non-interest income 3181000 2473000 1603000 57 Total noninterest income 37832000 36413000 38832000 158 Salaries expense 18382000 17834000 17363000 159 Commission & incentive compensation 10828000 10264000 10442000 160 Employee benefits expense 5874000 4926000 5566000 61 Technology & equipment 2763000 62 Equipment expense 2444000 2237000 expense 2945000 2888000 2849000 164 Core deposit & other intangibles 108000 1058000 1152000 5 FDIC & other deposit assessments 526000 1 1 10000 1287000 6 Other non-interest expenses 16752000 15602000 17588000 167 Total non-interest expenses 58178000 56126000 58484000 168 Income (loss) before income tax expense 24198000 28538000 27377000 169 Current federal income tax expense 5244000 2382000 3507000 170 Current state & local income tax expense 2005000 1 140000 561000 171 Current foreign income tax expense 154000 170000 183000 172 Total current income tax expense 7403000 4251000 173 Deferred federal income tax expense (benefit) -2374000 1706000 156000 174 Deferred state & local income tax expense (benefit) -863000 236000 564000 175 Deferred foreign income taxes (benefit) -9000 28000 -54000 176 Total deferred income tax expense (benefit) 3246000 1970000 666000 177 Income tax expense 4157000 5662000 4917000 178 Net income (loss) 20041000 22876000 22460000 179 Net income attributable to non-controlling interests -492000 483000 -277000 180 Net income attributable to Wells Fargo 19549000 22393000 22183000 181 Less: preferred stock dividends & other 161 1000 170400 1629000 182 Net income (loss) applicable to common stock 17938000 20689000 20554000 183 Weighted average shares outstanding - basic 4393100 4799700 4964600 184 Weighted average shares outstanding - diluted 4425400 4838400 5017300 185 Year end shares outstanding 4134425.937 4581253.608 4891616.628186 Net earnings (loss) per share - basic 4.08 4.31 4.14 87 Net earnings (loss) per share - diluted 4.05 4.28 4.1 88 Dividends declared per common share 1.64 89 Number of full time employees 260000 259000 262700 90 Number of common stockholders 293506 173797 173086 91 Foreign currency translation adjustments 73000 -156000 96000 92 193 As Reported Annual Retained Earnings 194 Report Date 12/31/2019 12/31/2018 12/31/2017 195 Currency USD USD USD 196 Audit Status Not Available Not Qualified Not Qualified 97 Consolidated Yes Yes Yes 198 Scale Thousands Thousands Thousands 99 Previous retained earnings 158163000 145263000 133075000 200 Cumulative effect from change in accounting policies 492000 94000 01 Cumulative effect from change in hedge accounting -381000 202 Adjusted balance 157671000 145357000 132694000 203 Adoption of accounting standard related to certain tax effects sti 400000 204 Common stock issued 382000 321000 277000 205 Preferred stock redeemed 220000 155000 206 Common stock dividends 8530000 7955000 7708000 207 Preferred stock dividends 1391000 1556000 1629000 208 Net change 9026000 209 Retained earnings 166697000 158163000 145263000 210 211 As Reported Annual Cash Flow 12 Report Date 12/31/2019 12/31/2018 12/31/2017 213 Currency USD USD USD 14 Audit Status Not Available Not Qualified Not Qualified 215 Consolidated Yes Yes Yes 16 Scale Thousands Thousands Thousands 217 Net income before noncontrolling interests 20041000 22876000 22460000 18 Provision for credit losses 2687000 1744000 2528000 219 Change in fair value of MSRs, MHFS & UHFS carried at fair value 886000 20 Changes in fair value of MSRs, MLHFS & LHFS carried at fair val 3702000 453000 21 Depreciation, amortization & accretion 7075000 5593000 5406000 22 Other net losses (gains) 5500000 7630000 973000 23 Stock-based compensation 2274000 2255000 2046000 24 Originations & purchases of mortgage loans held for sale -158673000 152832000 25 Proceeds from sales of & paydowns on mortgages loans held for 112718000 1 19097000 26 Originations & purchases of MHFS & UHFS -181321000 Proceeds from sales of & paydowns on mortgages originated for 135054000 228 Trading assets 33332000 29 Debt & equity securities, held for trading 22066000 3505400 30 Loans held for sale 788000 -960000 Deferred income taxes -3246000 197000 666000 232 Derivative assets & liabilities 2665000 1513000 5025000 233 Other assets 3034000 5000 -1 174000 34 Other accrued expenses & liabilities, net 2429000 865000 4837000 35 Net cash flows from operating activities 6730000 36073000 18722000 236 Federal funds sold, securities purchased under resale agreemen -13490000 37 Federal funds sold & securities purchased under resale agreeme -21933000 -1184000 238 Proceeds from sales of securities available-for-sale 9386000 732000 427 14000 239 Prepayments & maturities of securities available-for-sale 46542000 36725000 45710000 240 Purchases of securities available for sale -57015000 60067000 -103671000 241 Paydowns & maturities of held-to-maturity securities 13684000 10934000 10673000 242 Purchases of held-to-maturity securities -8649000 243 Proceeds from sales & capital returns of equity securities, not hel 6143000 6242000 244 Puchases of equity securities, not held for trading -6865000 -6433000 245 Sales proceeds of nonmarketable equity investments 3982000 246 Purchases of nonmarketable equity investments 3023000 47 Loans originated by banking subsidiaries, net of p cipal collect -23698000 -18619000 317000Loans originated by banking subsidiaries, net of principal collect: Proceeds from sales (including participations) of loans held for in Purchases (including participations) of loans Principal collected on nonbank entities' loans Loans originated by nonbank entities Net cash acquired from (paid for) acquisitions Proceeds from sales of foreclosed assets & short sales _ Other investing activities, net Net cash flows from investing activities Net change in deposits I Net change in short term borrowings Proceeds from issuance of long-term debt Repayment of long-term debt Proceeds from issuance of prefen'ed stock Redemption of preferred stock Cash dividends paid of preferred stock Proceeds from issuance of common stock Stock tendered for payment of withholding taxes of common sto: Repurchased of common stock Cash dividends paid on common stock Net change in noncontrolling interests Other nancing activities, net Net cash flows from financing activities Net change in cash, cash equivalents, 8 restricted cash Cash, cash equivalents, 8. restricted cash at beginning of year Cash, cash equivalents, 8 restricted cash at end of year Net change in cash & due from banks Cash 8 due from banks at beginning of year Cash 8 due from banks at end of year Cash paid for income taxes Cash paid for interest -2 3698000 1 2038000 -2 033000 3912000 -52 74000 2666000 1 465000 -29631 000 361 37000 -1 2 75000 53381 000 60996000 -1 550000 -1 391 000 380000 -302 000 -24533000 -8198000 -51 3000 -2 76000 -91 36000 -32037000 1 73287000 1 41 2 50000 7557000 1 8834000 -1 86 1 9000 162 94000 -2 088000 6 791 000 -6482000 -10000 3592 000 -769000 -7754000 48034000 2 531 000 47595000 40 565000 -21 50000 -1 622000 632000 -331000 -2 0633000 -7692000 462000 -2 48000 -70979000 42660000 2 1 5947000 1 73287000 1 977000 14366000 31 7000 10439000 -3 702 000 7448000 -6 81 4000 -32 0000 51 98000 -62 5000 -51 64000 29 91 2 000 1 402 0000 43575000 -80 802000 677000 -1 629000 1 2 1 1 000 -393000 -9908000 -7480000 30000 -1 33000 -1 0920000 2638000 20729000 2 3367000 6592000 91 03000