Wells Fargo 2014 Annual Report Download - page 257
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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) 2014 2013 2012
Income
Dividends from subsidiaries:
Bank $ 15,077 10,612 11,767
Nonbank 526 33 1,150
Interest income from subsidiaries 772 848 897
Other interest income 216 240 222
Other income 1,032 484 267
Total income 17,623 12,217 14,303
Expense
Interest expense:
Indebtedness to nonbank subsidiaries 357 334 287
Short-term borrowings 7 5 1
Long-term debt 1,540 1,546 1,877
Other 5 15 23
Noninterest expense 797 1,175 1,127
Total expense 2,706 3,075 3,315
Income before income tax benefit and
equity in undistributed income of subsidiaries 14,917 9,142 10,988
Income tax benefit (926) (570) (903)
Equity in undistributed income of subsidiaries 7,214 12,166 7,006
Net income $ 23,057 21,878 18,897
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