WFC FY 2016 Earnings Report — Wells Fargo & Company Revenue & Financial Results | Market Cap Arena

Wells Fargo & CompanyWFC

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$94.2B	—	—	—	—
Op. Income	$32.1B	—	—	—	—
Gross Margin	89.7%	—	—	—	—
Net Margin	23.3%	—	—	—	—
EPS (Diluted)	$3.99	—	—	—	—
Free Cash Flow	$1.0B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$94.2B
Cost of Revenue	$9.7B
GROSS PROFIT	$84.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$33.1B
SG&A Expenses	$33.1B
Other Expenses	$19.3B
Operating Expenses	$52.4B
Cost & Expenses	$62.1B
OPERATING INCOME	$32.1B
Interest Income	$53.7B
Interest Expense	$5.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$32.1B
Income Tax Expense	$10.1B
Net Income from Continuing Ops	$22.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.4B
D&A	$5.0B
EBIT	$32.1B
EBITDA	$37.1B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$94.2B
Cost of Revenue	$9.7B
GROSS PROFIT	$84.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$33.1B
SG&A Expenses	$33.1B
Other Expenses	$19.3B
Operating Expenses	$52.4B
Cost & Expenses	$62.1B
OPERATING INCOME	$32.1B
Interest Income	$53.7B
Interest Expense	$5.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$32.1B
Income Tax Expense	$10.1B
Net Income from Continuing Ops	$22.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.4B
D&A	$5.0B
EBIT	$32.1B
EBITDA	$37.1B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$22.0B
Depreciation & Amortization	$5.0B
Stock-Based Compensation	$1.9B
Deferred Income Tax	$0
Other Non-Cash Items	-$80.2B
Change in Working Capital	$52.3B
OPERATING CASH FLOW	$1.0B
Capital Expenditure	$0
Acquisitions (Net)	-$30.6B
Purchases of Investments	-$150.0B
Sales/Maturities of Investments	$83.6B
Other Investing Activities	-$45.0B
NET CASH FROM INVESTING	-$141.9B
Net Debt Issuance	$54.5B
Common Stock Repurchased	-$8.1B
Common Dividends Paid	-$7.5B
Other Financing Activities	$82.0B
NET CASH FROM FINANCING	$122.8B
FREE CASH FLOW	$1.0B
Net Change in Cash	-$18.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$20.7B
Short-Term Investments	$6.4B
Net Receivables	$55.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$82.8B
PP&E (Net)	$18.4B
Goodwill	$26.7B
Intangible Assets	$17.1B
Long-Term Investments	$1.4T
Tax Assets	$0
Other Non-Current Assets	$378.4B
TOTAL NON-CURRENT ASSETS	$1.8T
TOTAL ASSETS	$1.9T
Account Payables	$0
Short-Term Debt	$96.8B
Deferred Revenue	$0
Other Current Liabilities	$1.3T
TOTAL CURRENT LIABILITIES	$1.5T
Long-Term Debt	$255.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14.5B
TOTAL NON-CURRENT LIABILITIES	$269.6B
TOTAL LIABILITIES	$1.7T
Common Stock	$9.1B
Additional Paid-In Capital	$60.2B
Retained Earnings	$133.1B
Treasury Stock	-$22.7B
Accum. Other Comp. Income	-$3.1B
Other Equity	-$1.6B
TOTAL STOCKHOLDERS' EQUITY	$199.6B
Minority Interest	$916M
TOTAL EQUITY	$200.5B
TOTAL LIABILITIES & EQUITY	$1.9T
Total Debt	$351.9B
Net Debt	$331.1B