XML 88 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows provided by (used in) operating activities:      
Net income $ 22,176 $ 11,805 $ 14,160
Reconciliation of net income to net cash provided by (used in) operating activities:      
Amortization of cost basis adjustments (10,763) (9,190) (6,002)
Net impact of hedged mortgage assets and debt (268) 0 0
Provision (benefit) for credit losses (5,130) 678 (4,011)
Valuation gains (1,996) (2,618) (1,809)
Current and deferred federal income taxes 300 3,152 1,517
Net gains related to the disposition of acquired property and preforeclosure sales, including credit enhancements (1,780) (924) (917)
Net change in accrued interest receivable (618) (2,749) 332
Net change in servicer advances (2,131) 932 (67)
Other, net 443 (225) (363)
Net change in trading securities 46,983 (73,659) (1,630)
Interest payment on discounted debt (5) (136) (5,964)
Net cash provided by (used in) operating activities 47,211 (72,934) (4,754)
Cash flows provided by investing activities:      
Proceeds from maturities and paydowns of trading securities held for investment 41 47 58
Proceeds from sales of trading securities held for investment 160 110 49
Proceeds from maturities and paydowns of available-for-sale securities 269 364 469
Proceeds from sales of available-for-sale securities 582 361 537
Purchases of loans held for investment (649,238) (766,699) (261,808)
Advances to lenders (393,016) (339,043) (141,395)
Proceeds from disposition of acquired property and preforeclosure sales 3,536 5,991 7,425
Net change in securities purchased under agreements to resell or similar arrangements 7,457 (14,622) 19,360
Other, net (341) 287 (80)
Net cash provided by investing activities 90,850 26,685 207,052
Cash flows provided by (used in) financing activities:      
Payments of cash dividends on senior preferred stock to Treasury 0 0 (5,601)
Other, net 69 (510) 480
Net cash provided by (used in) financing activities (145,053) 100,465 (190,314)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (6,992) 54,216 11,984
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 115,623 61,407 49,423
Cash, cash equivalents and restricted cash and cash equivalents at end of period 108,631 115,623 61,407
Cash paid during the period for:      
Interest 106,205 113,878 121,542
Income taxes 5,500 3,950 1,900
Non-cash activities:      
Net mortgage loans acquired by assuming debt 398,026 369,733 273,174
Net transfers from mortgage loans of Fannie Mae to mortgage loans of consolidated trusts 663,849 709,451 248,463
Transfers from advances to lenders to loans held for investment of consolidated trusts 384,700 318,426 128,272
Net transfers from mortgage loans to acquired property 3,000 3,940 6,681
Fannie Mae      
Cash flows provided by investing activities:      
Proceeds from repayments of loans acquired as held for investment 11,212 10,672 12,508
Proceeds from sales of loans acquired as held for investment 17,130 8,744 17,794
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 317,867 580,220 789,572
Payments to redeem debt (405,368) (472,795) (834,294)
Consolidated Trusts      
Cash flows provided by investing activities:      
Proceeds from repayments and sales of loans acquired as held for investment 1,093,058 1,120,473 552,135
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 1,097,497 1,091,242 435,235
Payments to redeem debt $ (1,155,118) $ (1,097,692) $ (575,706)