Wells Fargo & (WFC) FY2021 results: revenue $79.2 billion, up 6.6% on the year
Wells Fargo & Company (WFC) reported revenue of $79.2 billion for fiscal 2021, the year ended 31 December 2021, up 6.6% on the year before. Net income was $22.1 billion, up 554.7%, and diluted earnings per share $4.95. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$79.2 billion
+6.6% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$22.1 billion
+554.7% on the year
FY2014FY2021
Diluted EPS
$4.95
+1,107.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-11,525
2,051
6,730
Cash from investing
-7,619
122,554
-29,631
Cash from financing
-11,238
-1,243
-9,136
Depreciation and amortisation
1,400
1,400
1,400
0.0%
Share-based compensation
1,005
622
1,217
+61.6%
Buybacks
14,464
3,415
24,533
+323.5%
Dividends paid
2,422
4,852
8,198
-50.1%
Dividend per share
$0.60
$1.22
$1.92
-50.8%
Diluted shares, weighted
4,096m
4,134m
4,425m
-0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
187,606
184,887
187,146
+1.5%
Non-controlling interest
2,504
1,033
838
+142.4%
Deposits
1,482,479
1,404,381
1,322,626
+5.6%
Trading liabilities
29,156
36,282
25,217
-19.6%
Debt
195,098
271,949
332,703
-28.3%
Other liabilities
51,225
56,631
59,025
-9.5%
Total liabilities and equity
1,948,068
1,955,163
1,927,555
-0.4%
Fixed assets
n/a
n/a
9,309
Goodwill
25,180
26,392
26,390
-4.6%
Intangible assets
1,480
1,640
1,853
-9.8%
Securities held for sale or to maturity
449,362
426,153
417,392
+5.4%
Loans
882,904
869,121
952,714
+1.6%
Cash and equivalents
234,230
264,612
141,250
-11.5%
Other assets
354,912
367,245
378,647
-3.4%
Total assets
1,948,068
1,955,163
1,927,555
-0.4%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.