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Consolidated Statements Of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Statement of Cash Flows [Abstract]      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,520 $ 1,363 $ 1,282
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 1,090 474 332
Operating activities:      
Net income (loss) 129 771 623
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of premiums and discounts on mortgage-backed securities, net 331 378 400
Amortization of accumulated other comprehensive loss on interest rate swaps de-designated as qualifying hedges 0 0 39
Amortization of intangible assets 25 3 2
Stock based compensation 6 4 1
(Gain) loss on sale of investment securities, net 137 63 (109)
Unrealized loss on investment securities measured at fair value through net income, net 297 71 6
(Gain) loss on derivative instruments and other securities, net 167 (193) 310
(Increase) decrease in other assets (100) 82 34
Increase in accounts payable and other accrued liabilities 121 81 46
Net cash provided by operating activities 1,113 1,260 1,352
Investing activities:      
Purchases of Agency mortgage-backed securities (42,586) (35,920) (20,836)
Purchases of credit risk transfer and non-Agency securities (1,572) (1,074) (229)
Proceeds from sale of Agency mortgage-backed securities 8,132 18,701 18,030
Proceeds from sale of credit risk transfer and non-Agency securities 891 494 0
Principal collections on Agency mortgage-backed securities 7,170 6,869 8,114
Principal collections on credit risk transfer and non-Agency securities 15 5 23
Payments on U.S. Treasury securities (10,829) (11,756) (4,483)
Proceeds from U.S. Treasury securities 21,308 14,557 10,393
Net payments on reverse repurchase agreements (10,571) (3,162) (6,003)
Net proceeds from (payments on) derivative instruments 76 253 (1,292)
Purchase of AGNC Mortgage Management, LLC, net of cash acquired 0 0 (555)
Net proceeds from (payments on) other investing activity 30 (28) 39
Net cash (used in) provided by investing activities (27,936) (11,061) 3,201
Financing activities:      
Proceeds from repurchase arrangements 2,031,463 483,516 217,538
Payments on repurchase agreements (2,006,042) (471,078) (221,434)
Proceeds from Federal Home Loan Bank advances 0 0 2,098
Payments on Federal Home Loan Bank advances 0 (3,037) (2,814)
Payments on debt of consolidated variable interest entities (78) (104) (135)
Net proceeds from preferred stock issuance 0 315 0
Payment for preferred stock redemption 0 (173) 0
Net proceeds from common stock issuances 2,611 1,238 0
Payment for common stock repurchases 0 0 (116)
Cash dividends paid (974) (795) (799)
Net cash (used in) provided by financing activities 26,980 9,882 (5,662)
Net change in cash and cash equivalents 157 81 $ (1,109)
Cash and cash equivalents at end of period $ 921 $ 1,046