Wells Fargo & (WFC) FY2012 results: revenue $86.1 billion, up 6.3% on the year
Wells Fargo & Company (WFC) reported revenue of $86.1 billion for fiscal 2012, the year ended 31 December 2012, up 6.3% on the year before. Net income was $18.9 billion, up 19.1%, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$86.1 billion
+6.3% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$18.9 billion
+19.1% on the year
FY2007FY2012
Diluted EPS
$3.36
+19.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
86,086
80,948
85,210
+6.3%
Interest expense
5,161
6,649
8,039
-22.4%
Pre-tax income
28,471
23,656
19,001
+20.4%
Income tax
9,103
7,445
6,338
+22.3%
Effective tax rate
32.0%
31.5%
33.4%
Net income
18,897
15,869
12,362
+19.1%
Net margin
22.0%
19.6%
14.5%
Diluted EPS
$3.36
$2.82
$2.21
+19.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
58,540
13,665
18,772
+328.4%
Cash from investing
-139,890
-35,044
-3,675
Cash from financing
83,770
24,775
-26,133
+238.1%
Depreciation and amortisation
1,300
1,400
1,500
-7.1%
Share-based compensation
560
529
436
+5.9%
Buybacks
3,918
2,416
91.0
+62.2%
Dividends paid
4,565
2,537
1,045
+79.9%
Dividend per share
$0.88
$0.48
$0.20
+83.3%
Diluted shares, weighted
5,352m
5,323m
5,263m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
157,554
140,241
126,408
+12.3%
Non-controlling interest
1,357
1,446
1,481
-6.2%
Deposits
1,002,835
920,070
847,942
+9.0%
Debt
184,554
174,445
212,384
+5.8%
Other liabilities
76,668
77,665
69,913
-1.3%
Total liabilities and equity
1,422,968
1,313,867
1,258,128
+8.3%
Fixed assets
9,428
9,531
9,644
-1.1%
Goodwill
25,637
25,115
24,770
+2.1%
Intangible assets
8,427
10,358
12,170
-18.6%
Securities held for sale or to maturity
232,414
219,196
167,465
+6.0%
Loans
782,514
750,259
734,245
+4.3%
Resale agreements
33,884
24,255
24,880
+39.7%
Trading assets
n/a
77,814
51,414
Other assets
330,664
197,339
233,540
+67.6%
Total assets
1,422,968
1,313,867
1,258,128
+8.3%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.