Financial Statements

Wells Fargo & Company (WFC)


+0.75 (+1.91%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 162,890166,697158,163145,263-
Net Income 21,5483,30119,54922,39322,183
Stock Dividends -489-966-1,426-179132,189
Dividend Paid -3,627-6,142-9,589-9,314-9,109
Retained Earnings 180,322162,890166,697158,163145,263

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 20,59222,25417,95618,513-
Annual Depreciation -2,034-1,6624,298-55718,513
Capital Expenditure -----
Net PPE 18,55820,59222,25417,95618,513

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -26,58726,41826,39026,392
New Purchases -106,694-66,500-72,529-146,977-189,356
Intangible and Goodwill 26,58726,41826,39026,39225,180

Wells Fargo & Company income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Wells Fargo & Company FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.