← FEDERAL AGRICULTURAL MORTGAGE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $77.3m |
$84.3m
+9.08%
|
$108.1m
+28.18%
|
$109.5m
+1.36%
|
$108.6m
-0.82%
|
$132.3m
+21.73%
|
$178.1m
+34.69%
|
$200.0m
+12.27%
|
$207.2m
+3.59%
|
$207.4m
+0.11%
|
$229.0m
+10.41%
|
|
| Net amortization of deferred gains, premiums, and discounts on loans, investments, Farmer Mac Guaranteed Securities, and USDA Securities | $1.8m | $1.7m | ($1.1m) | ($10.4m) | $8.3m | $17.3m | $720k | ($17.0m) | ($23.9m) | ($21.5m) | — | |
| Net amortization of debt premiums, discounts, and issuance costs | $31.8m | $22.9m | $30.2m | $50.1m | $21.3m | $6.8m | $19.7m | $31.4m | $21.2m | $23.3m | — | |
| Deferred Income Tax | — | — | — | — | — | — | $12.4m | $0 | ($29.2m) | ($61.5m) | ($89.2m) | |
| Deferred Tax | — | — | — | — | — | — | $12.4m | $0 | ($29.2m) | ($61.5m) | ($89.2m) | |
| Stock-based compensation expense | $3.3m | $2.7m | $2.5m | $2.3m | $4.1m | $4.3m | $4.6m | $6.8m | $8.1m | $8.3m | $8.4m | |
| Tax payments related to share-based awards | ($4.1m) | ($2.5m) | ($2.6m) | ($1.8m) | ($560k) | ($1.3m) | ($1.8m) | ($3.0m) | ($5.4m) | ($5.1m) | — | |
| Change In Working Capital | — | — | — | — | — | — | ($130.5m) | $43.6m | $173.8m | $22.4m | $56.0m | |
| Change In Receivables | — | — | — | — | — | — | ($62.7m) | ($65.6m) | ($31.8m) | ($59.4m) | ($70.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($62.7m) | ($65.6m) | ($31.8m) | ($59.4m) | ($70.7m) | |
| Accrued interest payable | $2.1m | $25.7m | $21.3m | $10.2m | ($14.2m) | ($8.7m) | $58.9m | $64.0m | $13.3m | $38.6m | — | |
| Other | $9k | $11k | $0 | $236k | $0 | $0 | — | $7.2m | $410k | ($5.8m) | — | |
| Other assets | $43.6m | $3.6m | ($6.4m) | ($2.7m) | ($3.3m) | ($9.8m) | ($126.1m) | $54.4m | $18.6m | $105.7m | — | |
| Other liabilities | ($5.0m) | $2.9m | ($747k) | $1.4m | $5.9m | $2.4m | $7.1m | $1.7m | $13.9m | $34.7m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($126.1m) | $54.4m | $47.8m | $105.7m | $67.2m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($591k) | ($9.1m) | $144.5m | ($62.5m) | $1.6m | |
| Net cash provided by operating activities | $208.6m |
$175.0m
-16.10%
|
$200.0m
+14.30%
|
($19.7m)
-109.85%
|
($94.5m)
-379.96%
|
$436.4m
+561.58%
|
$809.3m
+85.44%
|
$375.8m
-53.56%
|
$612.6m
+63.03%
|
$80.1m
-86.93%
|
$185.1m
+131.23%
|
|
| Purchases of equipment and leasehold improvements | — | — | — | — | — | — | $0 | $0 | ($5.3m) | $0 | — | |
| Proceeds from issuance of debt securities of consolidated trusts | — | — | — | — | $0 | $0 | $258.2m | $222.2m | $588.2m | $592.8m | $97.3b | |
| Payments to third parties on debt securities of consolidated trusts | ($82.2m) | ($101.2m) | ($131.1m) | ($181.5m) | ($504.8m) | ($480.3m) | ($226.3m) | ($102.0m) | ($138.8m) | ($226.8m) | — | |
| Net cash used in investing activities | ($593.4m) | ($1.8b) | ($599.2m) | ($2.4b) | ($1.7b) | ($1.1b) | ($3.0b) | ($2.0b) | ($1.7b) | ($3.8b) | ($6.3b) | |
| Issuance Of Debt | — | — | — | — | — | — | $61.8b | $57.8b | $68.9b | $90.7b | $97.3b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $61.8b | $57.8b | $68.9b | $90.7b | $97.3b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($59.5b) | ($56.1b) | ($67.5b) | ($87.0b) | ($91.4b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $2.3b | $1.7b | $1.4b | $3.6b | $5.9b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $2.3b | $1.7b | $1.4b | $3.6b | $5.9b | |
| Repayment Of Debt | — | — | — | — | — | — | ($59.5b) | ($56.1b) | ($67.5b) | ($87.0b) | ($91.4b) | |
| Purchases of common stock | ($9.3m) | $0 | $0 | $0 | ($235k) | $0 | $0 | $0 | $0 | ($12.9m) | — | |
| Proceeds from common stock issuance | $553k | $238k | $7k | $44k | $56k | $117k | $192k | $233k | $287k | $288k | — | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | $0 | ($12.9m) | ($20.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $192k | $233k | $287k | $97.1m | $193.9m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $192k | $233k | $287k | ($12.6m) | ($19.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($75.0m) | ($12.9m) | ($20.0m) | |
| Dividends paid on common and preferred stock | ($24.1m) | ($28.4m) | ($37.9m) | ($43.9m) | ($50.6m) | ($61.3m) | ($68.2m) | ($74.8m) | ($86.1m) | ($89.0m) | ($94.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($68.2m) | ($74.8m) | ($86.1m) | ($89.0m) | ($94.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.8m) | ($3.0m) | ($5.4m) | ($5.1m) | ($4.0m) | |
| Net cash provided by financing activities | ($560.0m) |
$1.7b
+405.35%
|
$522.4m
-69.45%
|
$2.6b
+394.52%
|
$2.3b
-12.51%
|
$534.6m
-76.35%
|
$2.2b
+308.86%
|
$1.6b
-26.47%
|
$1.2b
-25.02%
|
$3.6b
+202.02%
|
$6.0b
+64.51%
|
|
| Cash, cash equivalents, and restricted cash at beginning of period | — | $302.0m | $425.3m | $604.4m | $1.0b | $908.8m | $861.0m | $888.7m | $1.0b | $931.1m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $908.8m | $861.0m | $888.7m | $1.0b | $1.0b | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Net change in fair value of hedged items, financial derivatives, loans held sale, and trading securities | — | — | — | — | — | $205.7m | $690.0m | $78.2m | $214.3m | ($165.7m) | — | |
| Total provision for allowance for losses | $1.0m | $1.8m | $335k | $3.5m | $8.1m | ($2.2m) | $806k | $1.1m | $11.5m | $32.9m | — | |
| Proceeds from repayment of loans purchased as held for sale | $70.1m | $70.6m | $92.1m | $54.2m | $59.4m | $47.0m | $33.3m | $24.4m | $29.2m | $40.3m | — | |
| Purchases of tax credits | — | — | — | — | — | — | — | $0 | ($29.2m) | ($61.5m) | — | |
| Interest receivable | ($9.9m) | ($32.5m) | ($25.9m) | ($19.1m) | $11.1m | $6.9m | ($63.8m) | ($63.9m) | ($31.9m) | ($59.1m) | — | |
| Guarantee and commitment fees receivable | $1.3m | $94k | ($188k) | ($59k) | $164k | ($34k) | $1.0m | ($1.7m) | $96k | ($271k) | — | |
| Custodial deposit liability | — | — | — | $0 | $0 | $45.0m | ($7.7m) | ($10.8m) | $130.6m | ($97.2m) | — | |
| Purchases of available-for-sale investment securities | ($4.3b) | ($3.9b) | ($4.7b) | ($4.9b) | ($4.9b) | ($6.4b) | ($7.7b) | ($4.5b) | ($1.6b) | ($3.7b) | — | |
| Purchases of held-to-maturity investment securities | $0 | ($45.0m) | $0 | $0 | $0 | ($1.2m) | ($2.4m) | ($2.4b) | ($922.7m) | ($354.4m) | — | |
| Purchases of other investment securities | — | — | — | — | — | ($1.2m) | ($2.4m) | ($3.1m) | ($3.3m) | ($4.4m) | — | |
| Purchases of loans held for investment | ($1.0b) | ($1.3b) | ($947.5m) | ($2.2b) | ($3.2b) | ($3.0b) | ($2.6b) | ($2.2b) | ($3.9b) | ($5.3b) | — | |
| Purchases of defaulted loans | ($2.5m) | ($6.0m) | ($9.2m) | ($469k) | ($6.3m) | ($8.7m) | $0 | $0 | ($4.4m) | ($2.5m) | — | |
| Proceeds from repayment of available-for-sale investment securities | — | — | — | — | — | — | — | $3.0b | $2.0b | $1.9b | — | |
| Proceeds from repayment of held-to-maturity investment securities | — | — | — | — | — | — | — | $1.9b | $2.4b | $1.5b | — | |
| Proceeds from repayment of loans purchased as held for investment | $402.9m | $435.4m | $611.3m | $758.2m | $1.7b | $1.9b | $1.3b | $1.4b | $1.7b | $2.2b | — | |
| Proceeds from sale of real estate owned | $295k | $8.1m | $116k | $0 | $4.2m | $0 | $0 | $0 | $0 | $1.0m | — | |
| Proceeds from sale of available-for-sale investment securities | $186.8m | $10.2m | $0 | $12.4m | $0 | $257.5m | $0 | $0 | $115.2m | $19.5m | — | |
| Proceeds from sale of loans previously classified as held for investment | — | — | — | $0 | $0 | $301.4m | $9.0m | $0 | $5.8m | $6.0m | — | |
| Proceeds from sale of Farmer Mac Guaranteed Securities | $609.3m | $519.2m | $382.9m | $321.4m | $165.1m | $113.2m | $99.6m | $0 | $60.2m | $0 | — | |
| Proceeds from issuance of notes payable | — | — | — | — | — | — | — | $57.6b | $68.3b | $90.1b | — | |
| Payments to redeem notes payable | — | — | — | — | — | — | — | ($56.0b) | ($67.4b) | ($86.8b) | — | |
| Proceeds from preferred stock issuance, net of stock issuance costs | $0 | $0 | $0 | $96.7m | $193.2m | $121.3m | $0 | $0 | $0 | $96.8m | — | |
| Retirement of preferred stock | — | $0 | $0 | ($75.0m) | ($60.0m) | $0 | $0 | $0 | ($75.0m) | $0 | — | |
| Net change in cash and cash equivalents | — | $36.8m | $123.2m | $179.1m | $429.6m | ($125.2m) | ($47.8m) | $27.7m | $135.3m | ($92.9m) | — | |
| Interest | — | $161.1m | $268.7m | $365.5m | $283.3m | $198.6m | $269.3m | $583.0m | $820.0m | $910.6m | $910.6m | |
| Federal income taxes | — | $39.5m | $30.9m | $23.1m | $30.0m | $36.3m | $33.8m | $48.0m | $39.2m | $0 | — | |
| Loans securitized as Farmer Mac Guaranteed Securities | — | $519.2m | $382.9m | $321.4m | $165.1m | $113.2m | $162.9m | $36.5m | $109.5m | $48.1m | — | |
| Loans held for investment transferred to consolidated trusts | — | — | — | — | — | $0 | $297.7m | $281.0m | $624.1m | $611.6m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $2.2b | $1.6b | $1.2b | $3.6b | $6.0b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.0b) | ($2.0b) | ($1.7b) | ($3.8b) | ($6.3b) | |
| Change In Account Payable | — | — | — | — | — | — | $58.9m | $64.0m | $13.3m | $38.6m | $57.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($47.8m) | $27.7m | $135.3m | ($92.9m) | — | |
| Change In Payable | — | — | — | — | — | — | $58.9m | $64.0m | $13.3m | $38.6m | $57.8m | |
| Changes In Cash | — | — | — | — | — | — | ($47.8m) | $27.7m | $135.3m | ($92.9m) | $7.8m | |
| End Cash Position | — | — | — | — | — | — | $861.0m | $888.7m | $1.0b | $931.1m | $1.0b | |
| Excess Tax Benefit From Stock Based Compensation | — | — | — | — | — | $292k | $101k | $523k | $831k | — | ($35k) | |
| Financing Cash Flow | — | — | — | — | — | — | $2.2b |
$1.6b
-26.47%
|
$1.2b
-25.02%
|
$3.6b
+202.02%
|
$6.0b
+64.51%
|
|
| Free Cash Flow | — | — | — | — | — | — | $809.3m | $375.8m | $607.4m | $80.1m | $310.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($253k) | $0 | $0 | ($1.1m) | — | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.0b) | ($2.0b) | ($1.7b) | ($3.8b) | ($6.3b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($1.8b) | ($1.2b) | $536.3m | ($721.7m) | ($2.5b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($5.3m) | $0 | ($66k) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($75.0m) | $96.8m | $193.6m | |
| Operating Gains Losses | — | — | — | — | — | ($6.8m) | — | — | $95k | — | ($9k) | |
| Other Non Cash Items | — | — | — | — | — | — | $33.3m | $31.6m | $29.6m | $34.5m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | $0 | ($75.0m) | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($7.8b) | ($6.0b) | ($4.0b) | ($4.1b) | ($5.8b) | |
| Purchase Of PPE | — | — | — | — | — | — | $0 | $0 | ($5.3m) | $0 | ($66k) | |
| Sale Of Investment | — | — | — | — | — | — | $6.0b | $4.9b | $4.6b | $3.4b | $3.3b | |
| Stock Based Compensation | — | — | — | — | — | — | $4.6m | $6.8m | $8.1m | $8.3m | $8.4m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $690.0m | $78.2m | $214.3m | ($165.7m) | ($75.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.