Wells Fargo 2012 Annual Report Download - page 241
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Note 25: Parent-Only Financial Statements
The following tables present Parent-only condensed financial
statements.
Parent-Only Statement of Income
Year ended December 31,
(in millions) 2012 2011 2010
Income
Dividends from subsidiaries:
Bank $ 11,767 11,546 12,896
Nonbank 1,150 140 21
Interest income from subsidiaries 897 914 1,375
Other interest income 222 242 304
Other income 267 460 363
Total income 14,303 13,302 14,959
Expense
Interest Expense:
Indebtedness to nonbank subsidiaries 287 254 312
Short-term borrowings 1 1 1
Long-term debt 1,877 2,423 2,874
Other 23 8 2
Noninterest expense 1,127 77 1,335
Total expense 3,315 2,763 4,524
Income before income tax benefit and
equity in undistributed income of subsidiaries 10,988 10,539 10,435
Income tax benefit (903) (584) (749)
Equity in undistributed income of subsidiaries 7,006 4,746 1,178
Net income $ 18,897 15,869 12,362
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