Wells Fargo & (WFC) FY2015 results: revenue $86.1 billion, up 2.0% on the year
Wells Fargo & Company (WFC) reported revenue of $86.1 billion for fiscal 2015, the year ended 31 December 2015, up 2.0% on the year before. Net income was $22.9 billion, down 0.7%, and diluted earnings per share $4.12. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$86.1 billion
+2.0% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$22.9 billion
-0.7% on the year
FY2008FY2015
Diluted EPS
$4.12
+0.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
86,057
84,347
83,780
+2.0%
Interest expense
3,976
4,025
4,289
-1.2%
Pre-tax income
33,641
33,915
32,629
-0.8%
Income tax
10,365
10,307
10,405
+0.6%
Effective tax rate
30.8%
30.4%
31.9%
Net income
22,894
23,057
21,878
-0.7%
Net margin
26.6%
27.3%
26.1%
Diluted EPS
$4.12
$4.10
$3.89
+0.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
17,529
57,641
Cash from investing
n/a
n/a
-153,492
Cash from financing
n/a
n/a
93,910
Depreciation and amortisation
1,200
1,200
1,200
0.0%
Share-based compensation
844
858
725
-1.6%
Buybacks
8,697
9,414
5,356
-7.6%
Dividends paid
7,400
6,908
5,953
+7.1%
Dividend per share
$1.48
$1.35
$1.15
+9.3%
Diluted shares, weighted
5,210m
5,324m
5,371m
-2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
192,998
184,394
170,142
+4.7%
Non-controlling interest
893
868
866
+2.9%
Deposits
1,223,312
1,168,310
1,079,177
+4.7%
Debt
297,064
247,461
206,881
+20.0%
Other liabilities
73,365
86,122
66,436
-14.8%
Total liabilities and equity
1,787,632
1,687,155
1,523,502
+6.0%
Fixed assets
8,704
8,743
9,156
-0.4%
Goodwill
25,529
25,705
25,637
-0.7%
Intangible assets
4,461
5,660
6,987
-21.2%
Securities held for sale or to maturity
345,918
309,249
260,968
+11.9%
Loans
905,014
850,232
807,784
+6.4%
Resale agreements
45,828
36,856
25,801
+24.3%
Cash and equivalents
239,520
238,791
n/a
+0.3%
Other assets
212,658
211,919
387,169
+0.3%
Total assets
1,787,632
1,687,155
1,523,502
+6.0%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.