Wells Fargo (NYSE:WFC) Accounts Payable & Accrued Expense

: $69,056 Mil (As of Dec. 2022)

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Wells Fargo's quarterly accounts payable & accrued expense increased from Jun. 2022 ($71,662 Mil) to Sep. 2022 ($72,991 Mil) but then declined from Sep. 2022 ($72,991 Mil) to Dec. 2022 ($69,056 Mil).

Wells Fargo's annual accounts payable & accrued expense declined from Dec. 2020 ($74,360 Mil) to Dec. 2021 ($70,957 Mil) and declined from Dec. 2021 ($70,957 Mil) to Dec. 2022 ($69,056 Mil).

Wells Fargo Accounts Payable & Accrued Expense Historical Data

The historical data trend for Wells Fargo's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wells Fargo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

69,317.00

75,163.00

74,360.00

70,957.00

69,056.00

Wells Fargo Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Accounts Payable & Accrued Expense																70,957.00	74,229.00	71,662.00	72,991.00	69,056.00

Wells Fargo Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Wells Fargo (NYSE:WFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Address

420 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.wellsfargo.com

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

Executives

Kristy Fercho	officer: Sr. Executive Vice President	5151 CORPORATE DRIVE, TROY MI 48098
Richard K Davis	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Felicia F Norwood	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Cecelia Morken	director	26025 MUREAU ROAD, CALABASAS CA 91302
Bei Ling	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Kyle G Hranicky	officer: Sr. Executive Vice President	1000 LOUISIANA STREET, HOUSTON TX 77002
Kleber Santos	officer: Sr. Executive Vice President	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ather Iii Williams	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Michael P. Santomassimo	officer: Sr. EVP & CFO	225 LIBERTY STREET, NEW YORK NY 10286
Mark A Chancy	director	303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
Lester Owens	officer: Sr. Executive Vice President	240 GREENWICH STREET, NEW YORK NY 10286
Barry Sommers	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Michael S Weinbach	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Steven D Black	director	C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Muneera S Carr	officer: EVP, CAO & Controller	1717 MAIN STREET, MAIL CODE 6500, DALLAS TX 75201