XML 69 R48.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share, Basic and Diluted [Table Text Block]
The following table displays the computation of basic and diluted earnings (loss) per share of common stock.
 
For the Year Ended December 31,
 
2016
 
2015
 
2014
 
(Dollars and shares in millions, except per share amounts)
Net income
$
12,313

 
$
10,955

 
$
14,209

Less: Net income attributable to noncontrolling interest

 
(1
)
 
(1
)
Net income attributable to Fannie Mae
12,313

 
10,954

 
14,208

Dividends distributed or available for distribution to senior preferred stockholder(1)
(12,236
)
 
(11,216
)
 
(15,323
)
Net income (loss) attributable to common stockholders
$
77

 
$
(262
)
 
$
(1,115
)
Weighted-average common shares outstanding—Basic(2)
5,762

 
5,762

 
5,762

Convertible preferred stock
131

 

 

Weighted-average common shares outstanding—Diluted(2)
5,893

 
5,762

 
5,762

Earnings (loss) per share:
 
 
 
 
 
Basic
$
0.01

 
$
(0.05
)
 
$
(0.19
)
Diluted
0.01

 
(0.05
)
 
(0.19
)
__________
(1)
Dividends distributed or available for distribution were calculated based on our net worth as of the end of the fiscal quarters for each respective year, less the applicable capital reserve. See “Note 1, Summary of Significant Accounting Policies” for additional information on our senior preferred stock agreement and our payment of dividends to Treasury.
(2) 
Includes 4.6 billion for the years ended December 31, 2016, 2015 and 2014, of weighted-average shares of common stock that would be issued upon the full exercise of the warrant issued to Treasury from the date the warrant was issued through December 31, 2016, 2015 and 2014, respectively.