Wells Fargo 2013 Annual Report Download - page 261
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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) 2013 2012 2011
Income
Dividends from subsidiaries:
Bank $ 10,612 11,767 11,546
Nonbank 33 1,150 140
Interest income from subsidiaries 848 897 914
Other interest income 240 222 242
Other income 484 267 460
Total income 12,217 14,303 13,302
Expense
Interest expense:
Indebtedness to nonbank subsidiaries 334 287 254
Short-term borrowings 5 1 1
Long-term debt 1,546 1,877 2,423
Other 15 23 8
Noninterest expense 1,175 1,127 77
Total expense 3,075 3,315 2,763
Income before income tax benefit and
equity in undistributed income of subsidiaries 9,142 10,988 10,539
Income tax benefit (570) (903) (584)
Equity in undistributed income of subsidiaries 12,166 7,006 4,746
Net income $ 21,878 18,897 15,869
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