Wachovia financial reports contain information regarding the financial status of the company. They principally comprise of the company's income statement, balance sheet, cash flow, and statement of retained earnings.
The reports also disclose details, such as a summary of the business, shares information, stock performance history, dividends, and market associated data, like valuation, relative strength, and revenues.
The Wachovia Corporation has registered its name as a financial and bank holding company. The primary activities of the Wachovia Corporation are to provide commercial and retail banking, and trust services.
The October 22, 2007 report reveals that the corporation recorded a net income of US $1.69 billion and revenue of US $41,691.0 million.
Wachovia Corporation: Annual Income Statement ( a summary)
Revenue in December, 2006: US $46,810.0 million
Revenue in December, 2005: US $35,908.0 million
Gross profit in December, 2006: US $37,691.0 million
Gross profit in December, 2005: US $30,611.0 million
Operating income in December, 2006: US $19,781.0 million
Operating income in December, 2005: US $14,515.0 million
Income before taxes in December, 2006: US $11,470.0 million
Income before taxes in December, 2005: US $9,462.0 million
Income taxes in December, 2006: US $3,725.0 million
Income taxes in December, 2005: US $3,033.0 million
Total net income in December, 2006: US $7,791.0 million
Total net income in December, 2005: US $6,643.0 million
Wachovia Corporation: Annual Balance sheet ( a summary)
Cash in December, 2006: US $80,445.0 million
Cash in December, 2005: US $80,329.0 million
Net receivables in December, 2006: US $14,318.0 million
Net receivables in December, 2005: US $824.0 million
Net fixed assets in December, 2006: US $6,141.0 million
Net fixed assets in December, 2005: US $4,910.0 million
Total assets in December, 2006: US $707,121.0 million
Total assets in December, 2005: US $520,755.0 million
Other current liabilities in December, 2006: US $408,321.0 million
Other current liabilities in December, 2005: US $325,786.0 million
Total liabilities in December, 2006: US $637,405.0 million
Total liabilities in December, 2005: US $473,194.0 million
Total equity in December, 2006: US $69,716.0 million
Total equity in December, 2005: US $47,561.0 million
Wachovia Corporation: Annual Cash Flow Statement ( a summary)
Net operating cash flow in December, 2006: US $1,943.0 million
Net operating cash flow in December, 2005: US $5,706.0 million
Net financing cash flow in December, 2006: US $17,261.0 million
Net financing cash flow in December, 2005: US $24,571.0 million
Depreciation and Amortization in December, 2006: US $1,649.0 million
Depreciation and Amortization in December, 2005: US $1,665.0 million