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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 10,731 $ 11,858 $ 10,538
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Amortization of cost basis adjustments 1,135 726 827
Provision (benefit) for credit losses 1,290 476 (872)
Investment gains, net (228) (2,433) (1,853)
Deferred income tax expense and changes in income taxes receivable/payable 230 255 1,762
Purchases (7,685) (31,496) (29,339)
Proceeds from sales and repayments 16,292 27,661 27,347
Accrued interest receivable (1,225) (1,103) (1,389)
Accrued interest payable 771 1,020 1,507
Other, net (1,938) (337) (913)
Net cash provided by (used in) operating activities 19,373 6,627 7,615
Cash flows from investing activities      
Purchases (98,033) (94,394) (101,238)
Proceeds from sales 59,753 68,572 78,799
Proceeds from maturities and repayments 6,989 10,811 14,247
Purchases (187,270) (146,854) (101,262)
Proceeds from sales 3,485 3,009 7,581
Proceeds from repayments 333,876 278,965 245,037
Advances under secured lending arrangements (142,213) (113,097) (96,666)
Net (increase) decrease in securities purchased under agreements to resell 29,960 (2,945) (6,107)
Cash flows related to derivatives (832) 5,728 4,326
Other, net (971) (171) (464)
Net cash provided by (used in) investing activities 4,744 9,624 44,253
Cash flows from financing activities      
Net increase (decrease) in borrowings with original maturity of three months or less 14,091 2,105 (4,310)
Net increase (decrease) in securities sold under agreements to repurchase (1,761) (2,025) (1,746)
Other, net (5) (9) (145)
Net cash provided by (used in) financing activities (24,324) (16,736) (52,209)
Net increase (decrease) in cash and cash equivalents (includes restricted cash and cash equivalents) (207) (485) (341)
Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year 5,534 6,019 6,360
Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period 5,327 5,534 6,019
Cash paid for:      
Debt interest 113,265 100,136 87,610
Income Taxes Paid, Net 2,400 2,665 900
Held by consolidated trusts      
Cash flows from financing activities      
Proceeds from issuance of debt 303,190 253,894 205,523
Repayments of debt (349,209) (282,087) (251,762)
Cash and cash equivalents (includes restricted cash and cash equivalents) at the beginning of year 1,056    
Cash and cash equivalents (includes restricted cash and cash equivalents) at end of period 1,136 1,056  
Held by Freddie Mac      
Cash flows from financing activities      
Proceeds from issuance of debt 176,916 119,533 59,892
Repayments of debt $ (167,546) $ (108,147) $ (59,661)