Wells Fargo 2006 Annual Report Download - page 112

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110
Condensed Consolidating Statement of Cash Flows
(in millions) Parent WFFI Other Consolidated
consolidating Company
subsidiaries/
eliminations
Year ended December 31, 2006
Cash flows from operating activities:
Net cash provided by operating activities $ 3,536 $ 1,179 $ 27,379 $ 32,094
Cash flows from investing activities:
Securities available for sale:
Sales proceeds 353 822 52,129 53,304
Prepayments and maturities 14 259 7,048 7,321
Purchases (378) (1,032) (61,052) (62,462)
Net cash paid for acquisitions — — (626) (626)
Increase in banking subsidiaries’ loan
originations, net of collections — (2,003) (35,727) (37,730)
Proceeds from sales (including participations) of loans
by banking subsidiaries — 50 38,293 38,343
Purchases (including participations) of loans by
banking subsidiaries — (202) (5,136) (5,338)
Principal collected on nonbank entities’loans — 19,998 3,923 23,921
Loans originated by nonbank entities — (22,382) (4,592) (26,974)
Net advances to nonbank entities (500) — 500 —
Capital notes and term loans made to subsidiaries (7,805) — 7,805 —
Principal collected on notes/loans made to subsidiaries 4,926 — (4,926) —
Net decrease (increase) in investment in subsidiaries (145) — 145 —
Other, net —1,081 (11,540) (10,459)
Net cash used by investing activities (3,535) (3,409) (13,756) (20,700)
Cash flows from financing activities:
Net decrease in deposits — — (4,452) (4,452)
Net increase (decrease) in short-term borrowings 931 (1,297) (10,790) (11,156)
Proceeds from issuance of long-term debt 13,448 8,670 (1,863) 20,255
Long-term debt repayment (7,362) (5,217) (30) (12,609)
Proceeds from issuance of common stock 1,764 — — 1,764
Common stock repurchased (1,965) — — (1,965)
Cash dividends paid on common stock (3,641) — — (3,641)
Excess tax benefits related to stock option payments 227 — — 227
Other, net 12 70 (268) (186)
Net cash provided (used) by financing activities 3,414 2,226 (17,403) (11,763)
Net change in cash and due from banks 3,415 (4) (3,780) (369)
Cash and due from banks at beginning of year 10,794 474 4,129 15,397
Cash and due from banks at end of year $14,209 $ 470 $ 349 $ 15,028