Wells Fargo 2015 Annual Report Download - page 261
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Note 25: Parent-Only Financial Statements
The following tables present Parent-only condensed financial
statements.
Table 25.1: Parent-Only Statement of Income
Year ended December 31,
(in millions) 2015 2014 2013
Income
Dividends from subsidiaries:
Bank $ 13,804 15,077 10,612
Nonbank 542 526 33
Interest income from subsidiaries 907 772 848
Other interest income 199 216 240
Other income 576 1,032 484
Total income 16,028 17,623 12,217
Expense
Interest expense:
Indebtedness to nonbank subsidiaries 325 357 334
Short-term borrowings 1 7 5
Long-term debt 1,784 1,540 1,546
Other 4 5 15
Noninterest expense 932 797 1,175
Total expense 3,046 2,706 3,075
Income before income tax benefit and
equity in undistributed income of subsidiaries 12,982 14,917 9,142
Income tax benefit (870) (926) (570)
Equity in undistributed income of subsidiaries 9,042 7,214 12,166
Net income $ 22,894 23,057 21,878
Wells Fargo & Company
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