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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows provided by (used in) operating activities:      
Net income $ 11,805 $ 14,160 $ 15,959
Reconciliation of net income to net cash provided by (used in) operating activities:      
Amortization of cost basis adjustments (9,190) (6,002) (5,949)
Benefit for credit losses 678 (4,011) (3,309)
Valuation gains (2,618) (1,809) (911)
Current and deferred federal income taxes 3,152 1,517 3,680
Net gains related to the disposition of acquired property and preforeclosure sales, including credit enhancements (924) (917) (1,785)
Net change in accrued interest receivable (2,749) 332 204
Net change in servicer advances 932 (67) (206)
Other, net (225) (363) 442
Net change in trading securities (73,659) (1,630) (5,454)
Interest Paid, Excluding Capitalized Interest, Operating Activities (136) (5,964) (423)
Net cash provided by (used in) operating activities (72,934) (4,754) 2,248
Cash flows provided by investing activities:      
Proceeds from maturities and paydowns of trading securities held for investment 47 58 182
Proceeds from sales of trading securities held for investment 110 49 96
Proceeds from maturities and paydowns of available-for-sale securities 364 469 695
Proceeds from sales of available-for-sale securities 361 537 760
Purchases of loans held for investment (766,699) (261,808) (172,155)
Advances to lenders (339,043) (141,395) (108,294)
Proceeds from disposition of acquired property and preforeclosure sales 5,991 7,425 9,321
Net change in federal funds sold and securities purchased under agreements to resell or similar arrangements (14,622) 19,360 (13,468)
Other, net 287 (80) 78
Net cash provided by investing activities 26,685 207,052 150,853
Cash flows used in financing activities:      
Payments of cash dividends on senior preferred stock to Treasury 0 (5,601) (9,372)
Proceeds from senior preferred stock purchase agreement with Treasury 0 0 3,687
Other, net (510) 480 63
Net cash used in financing activities 100,465 (190,314) (163,938)
Net increase (decrease) in cash, cash equivalents and restricted cash 54,216 11,984 (10,837)
Cash, cash equivalents and restricted cash at beginning of period 61,407 49,423 60,260
Cash, cash equivalents and restricted cash at end of period 115,623 61,407 49,423
Cash paid during the period for:      
Interest 113,878 121,542 110,415
Income taxes 3,950 1,900 460
Non-cash activities:      
Net mortgage loans acquired by assuming debt 369,733 273,174 231,478
Net transfers from mortgage loans of Fannie Mae to mortgage loans of consolidated trusts 709,451 248,463 185,310
Transfers from advances to lenders to loans held for investment of consolidated trusts 318,426 128,272 102,865
Net transfers from mortgage loans to acquired property 3,940 6,681 8,131
Fannie Mae [Member]      
Cash flows provided by investing activities:      
Proceeds from repayments of loans acquired as held for investment 10,672 12,508 15,082
Proceeds from sales of loans acquired as held for investment 8,744 17,794 17,511
Cash flows used in financing activities:      
Proceeds from the issuance of debt 580,220 789,572 789,355
Payments to redeem debt (472,795) (834,294) (834,366)
Consolidated Trusts [Member]      
Cash flows provided by investing activities:      
Proceeds from repayments of loans acquired as held for investment 1,120,473 552,135 401,045
Cash flows used in financing activities:      
Proceeds from the issuance of debt 1,091,242 435,235 357,846
Payments to redeem debt $ (1,097,692) $ (575,706) $ (471,151)