Wells Fargo 2010 Annual Report Download - page 220

Note 24: Condensed Consolidated Financial Statements (continued)
Condensed Consolidating Statements of Cash Flows
Year ended December 31,
2010 2009
Other Other
consolidating consolidating
subsidiaries/ Consolidated subsidiaries/ Consolidated
(in millions) Parent WFFI eliminations Company Parent WFFI eliminations Company
Cash flows from operating activities:
Net cash provided
by operating activities $ 14,180 1,774 2,818 18,772 7,356 1,655 19,602 28,613
Cash flows from investing activities:
Securities available for sale:
Sales proceeds 2,441 796 5,431 8,668 1,184 925 50,929 53,038
Prepayments and maturities - 229 47,690 47,919 - 290 38,521 38,811
Purchases (119) (1,037) (52,310) (53,466) (463) (1,667) (93,155) (95,285)
Loans:
Loans originated by banking
subsidiaries, net of principal
collected - (206) 16,075 15,869 - (981) 53,221 52,240
Proceeds from sales (including
participations) of loans
originated for investment by
banking subsidiaries - - 6,517 6,517 - - 6,162 6,162
Purchases (including participations)
of loans by banking
subsidiaries - - (2,297) (2,297) - - (3,363) (3,363)
Principal collected on nonbank
entities' loans - 10,829 4,731 15,560 - 11,119 3,309 14,428
Loans originated by nonbank entities - (6,336) (4,500) (10,836) - (5,523) (4,438) (9,961)
Net repayments from
(advances to) subsidiaries (5,485) (842) 6,327 - 11,369 (138) (11,231) -
Capital notes and term loans
made to subsidiaries - - - - (497) (1,000) 1,497 -
Principal collected on notes/loans
made to subsidiaries 11,282 - (11,282) - 12,979 - (12,979) -
Net decrease (increase) in
investment in subsidiaries 1,198 - (1,198) - (1,382) - 1,382 -
Net cash paid for acquisitions - - (36) (36) - - (138) (138)
Other, net 15 64 (31,652) (31,573) 22,513 355 (7,015) 15,853
Net cash provided (used)
by investing activities 9,332 3,497 (16,504) (3,675) 45,703 3,380 22,702 71,785
Cash flows from financing activities:
Net change in:
Deposits - - 23,924 23,924 - - 42,473 42,473
Short-term borrowings 1,860 4,118 5,330 11,308 (19,100) 2,158 (52,166) (69,108)
Long-term debt:
Proceeds from issuance 1,789 - 1,700 3,489 8,297 1,347 (1,248) 8,396
Repayment (23,281) (9,478) (30,558) (63,317) (22,931) (8,508) (34,821) (66,260)
Preferred stock:
Cash dividends paid (737) - - (737) (2,178) - - (2,178)
Redeemed - - - - (25,000) - - (25,000)
Common stock warrants repurchased (545) - - (545) - - - -
Common stock:
Proceeds from issuance 1,375 - - 1,375 21,976 - - 21,976
Repurchased (91) - - (91) (220) - - (220)
Cash dividends paid (1,045) - - (1,045) (2,125) - - (2,125)
Excess tax benefits related to
stock option payments 98 - - 98 18 - - 18
Change in noncontrolling interests:
Purchase of Prudential's
noncontrolling interest - - - - - - (4,500) (4,500)
Other, net - 1 (593) (592) - (4) (549) (553)
Other, net - - - - (140) - 140 -
Net cash used by
financing activities (20,577) (5,359) (197) (26,133) (41,403) (5,007) (50,671) (97,081)
Net change in cash and
due from banks 2,935 (88) (13,883) (11,036) 11,656 28 (8,367) 3,317
Cash and due from banks
at beginning of year 27,314 454 (688) 27,080 15,658 426 7,679 23,763
Cash and due from banks
at end of year $ 30,249 366 (14,571) 16,044 27,314 454 (688) 27,080
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