Wells Fargo & Co (WFC) Financials

The income statement for Wells Fargo & Co (WFC) provides a snapshot of the company's financial performance over a specific period of time. It includes information on revenue, expenses, and profit. In the most recent fiscal year, Wells Fargo reported total revenue of $85.06 billion. This represents the amount of money the company generated from its various business activities. Gross profit, which is calculated by subtracting the cost of goods sold from revenue, was $73.71 billion. Net income, which takes into account all expenses and taxes, was $19.55 billion. This is the profit that remains after all costs have been deducted. Shareholders, as owners of the company, have a claim on this net income.

The balance sheet of Wells Fargo & Co (WFC) provides a snapshot of the company's financial position at a specific point in time. It includes information on assets, liabilities, and equity. As of the most recent fiscal year, Wells Fargo reported total assets of $1.91 trillion. These are the resources owned by the company, such as cash, investments, and property. Total liabilities, which represent the company's debts and obligations, were $1.67 trillion. This includes loans, borrowings, and other liabilities. Shareholders' equity, which is the residual interest in the assets after deducting liabilities, was $241.94 billion. This represents the shareholders' claim on the company's assets.

Cash flow is an important metric for assessing the financial health of Wells Fargo & Co (WFC). It represents the cash generated or used by the company in its operating, investing, and financing activities. Operating cash flow, which measures the cash generated from core business operations, was $53.03 billion in the most recent fiscal year. This is the cash generated from the company's day-to-day operations, such as sales and collections. Investing cash flow, which measures the cash used for investing activities, was -$29.15 billion. This includes investments in property, plant, and equipment, as well as acquisitions and divestitures. Financing cash flow, which measures the cash used for financing activities, was -$37.60 billion. This includes debt repayments, dividend payments, and share repurchases.

Earnings before interest and taxes (EBIT) is a measure of a company's profitability that excludes interest and income tax expenses. For Wells Fargo & Co (WFC), EBIT was $27.35 billion in the most recent fiscal year. This represents the company's operating profit before deducting interest expenses and income taxes. Earnings before interest, taxes, depreciation, and amortization (EBITDA) is a similar measure that also excludes depreciation and amortization expenses. For Wells Fargo, EBITDA was $34.61 billion. EBITDA is often used as a measure of a company's operating performance, as it provides a clearer picture of its profitability.

Cash equivalents refer to highly liquid investments that are easily convertible into cash. For Wells Fargo & Co (WFC), cash equivalents include short-term investments such as Treasury bills and money market funds. These investments provide a source of cash that can be readily accessed to meet short-term financial obligations or take advantage of investment opportunities. As of the most recent fiscal year, Wells Fargo reported cash equivalents of $229.56 billion.

Net debt is a measure of a company's overall debt position, which takes into account both short-term and long-term debt, minus its cash and cash equivalents. For Wells Fargo & Co (WFC), net debt was $4.59 trillion. This represents the company's total debt obligations after subtracting its available cash and cash equivalents. It provides an indication of the company's ability to meet its financial obligations and manage its debt burden.

Total revenue is a key financial metric that represents the total amount of money generated by a company over a specific period of time. For Wells Fargo & Co (WFC), total revenue was $85.06 billion in the most recent fiscal year. This includes revenue from various sources, such as interest income, fees, and other operating income. Total revenue is an important indicator of a company's overall performance and ability to generate income.

Stockholders' equity, also known as shareholders' equity, represents the shareholders' ownership interest in a company. For Wells Fargo & Co (WFC), stockholders' equity was $241.94 billion in the most recent fiscal year. It is calculated by subtracting the company's total liabilities from its total assets. Stockholders' equity represents the company's net worth and is a measure of its financial strength.

Total assets represent the resources owned by a company, such as cash, investments, property, and equipment. For Wells Fargo & Co (WFC), total assets were $1.91 trillion in the most recent fiscal year. These assets provide the company with the means to generate revenue and meet its financial obligations. Total assets are an important indicator of a company's financial strength and ability to generate income.

Total debt represents the amount of money a company owes to its creditors, including both short-term and long-term debt. For Wells Fargo & Co (WFC), total debt was $1.93 trillion in the most recent fiscal year. This includes borrowings, bonds, and other debt obligations. Total debt is an important measure of a company's financial leverage and ability to repay its obligations.

Total liabilities represent a company's debts and obligations, which include both short-term and long-term liabilities. For Wells Fargo & Co (WFC), total liabilities were $1.67 trillion in the most recent fiscal year. This includes borrowings, accounts payable, and other obligations. Total liabilities are a key indicator of a company's financial health and ability to meet its financial obligations.

Free cash flow is a measure of the cash generated by a company's operations that is available for distribution to investors or for reinvestment in the business. For Wells Fargo & Co (WFC), free cash flow was $23.88 billion in the most recent fiscal year. This represents the cash remaining after deducting capital expenditures from operating cash flow. Free cash flow is an important measure of a company's financial flexibility and ability to generate value for shareholders.