Wells Fargo 2007 Annual Report Download - page 129

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126
Condensed Consolidating Statements of Cash Flows
(in millions) Year ended December 31,
2007 2006
Parent WFFI Other Consolidated Parent WFFI Other Consolidated
consolidating Company consolidating Company
subsidiaries/ subsidiaries/
eliminations eliminations
Cash flows from
operating activities:
Net cash provided by
operating activities $ 3,715 $ 1,446 $ 3,917 $ 9,078 $ 3,536 $ 1,179 $ 23,261 $ 27,976
Cash flows from
investing activities:
Securities available for sale:
Sales proceeds 2,554 559 44,877 47,990 353 822 52,129 53,304
Prepayments and maturities — 299 8,206 8,505 14 259 7,048 7,321
Purchases (3,487) (1,174) (70,468) (75,129) (378) (1,032) (61,052) (62,462)
Loans:
Increase in banking
subsidiaries’ loan originations,
net of collections — (2,686) (45,929) (48,615) — (2,003) (35,727) (37,730)
Proceeds from sales (including
participations) of loans
originated for investment by
banking subsidiaries — — 3,369 3,369 — 50 38,293 38,343
Purchases (including
participations) of loans by
banking subsidiaries — — (8,244) (8,244) — (202) (5,136) (5,338)
Principal collected on
nonbank entities’ loans — 18,729 2,747 21,476 — 19,998 3,923 23,921
Loans originated by
nonbank entities — (20,461) (4,823) (25,284) — (22,382) (4,592) (26,974)
Net repayments from
(advances to) subsidiaries (10,338) — 10,338 — (500) — 500 —
Capital notes and term loans
made to subsidiaries (10,508) — 10,508 — (7,805) — 7,805 —
Principal collected on notes/
loans made to subsidiaries 7,588 — (7,588) — 4,926 — (4,926) —
Net decrease (increase) in
investment in subsidiaries (1,132) — 1,132 — (145) — 145 —
Net cash paid for acquisitions — — (2,811) (2,811) — — (626) (626)
Other, net (106) (847) 2,381 1,428 — 1,081 (7,422) (6,341)
Net cash used by
investing activities (15,429) (5,581) (56,305) (77,315) (3,535) (3,409) (9,638) (16,582)
Cash flows from
financing activities:
Net change in:
Deposits — — 27,058 27,058 — — (4,452) (4,452)
Short-term borrowings 9,138 2,670 28,019 39,827 931 (1,297) (10,790) (11,156)
Long-term debt:
Proceeds from issuance 24,385 11,335 (6,360) 29,360 13,448 8,670 (1,863) 20,255
Repayment (11,726) (9,870) 3,346 (18,250) (7,362) (5,217) (30) (12,609)
Common stock:
Proceeds from issuance 1,876 — — 1,876 1,764 — — 1,764
Repurchased (7,418) — — (7,418) (1,965) — — (1,965)
Cash dividends paid (3,955) — — (3,955) (3,641) — — (3,641)
Excess tax benefits related to
stock option payments 196 — — 196 227 — — 227
Other, net (2) 13 (739) (728) 12 70 (268) (186)
Net cash provided (used)
by financing activities 12,494 4,148 51,324 67,966 3,414 2,226 (17,403) (11,763)
Net change in cash and
due from banks 780 13 (1,064) (271) 3,415 (4) (3,780) (369)
Cash and due from banks
at beginning of year 14,209 470 349 15,028 10,794 474 4,129 15,397
Cash and due from banks
at end of year $ 14,989 $ 483 $ (715) $ 14,757 $14,209 $ 470 $ 349 $ 15,028