XML 86 R6.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows provided by (used in) operating activities:      
Net income $ 16,978 $ 17,408 $ 12,923
Reconciliation of net income to net cash provided by (used in) operating activities:      
Amortization of cost basis adjustments (1,590) (2,535) (5,731)
Net impact of hedged mortgage assets and debt 11 210 (423)
Provision (benefit) for credit losses (186) (1,670) 6,277
Valuation (gains) losses (1,116) (760) 361
Change in expected credit enhancement recoveries (194) 193 (727)
Deferred income tax expense (benefit) 1,137 1,231 (195)
Net gains related to the disposition of acquired property and preforeclosure sales, including credit enhancements (769) (1,182) (1,782)
Net change in accrued interest receivable (733) (1,110) (1,826)
Net change in servicer advances 30 31 (217)
Net change in accrued interest payable 891 1,014 731
Other, net 331 130 (352)
Net change in trading securities (25,310) (1,077) 34,787
Net cash provided by (used in) operating activities (10,520) 11,883 43,826
Mortgage loans acquired held for investment:      
Purchases (135,865) (124,372) (247,016)
Proceeds from sales 3,833 2,182 7,501
Proceeds from repayments 366,164 335,240 500,158
Advances to lenders (95,139) (103,364) (178,450)
Proceeds from disposition of acquired property, preforeclosure sales and insurance proceeds 3,636 5,718 2,860
Net change in federal funds sold and securities purchased under agreements to resell 14,725 (16,135) 6,178
Other, net 441 (119) (1,103)
Net cash provided by (used in) investing activities 157,795 99,150 90,128
Cash flows provided by (used in) financing activities:      
Other, net (3) 0 0
Net cash provided by (used in) financing activities (137,170) (130,168) (154,744)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 10,105 (19,135) (20,790)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 68,706 87,841 108,631
Cash, cash equivalents and restricted cash and cash equivalents at end of period 78,811 68,706 87,841
Cash paid during the period for:      
Interest 128,770 118,897 101,469
Income taxes, net of refunds 2,871 2,750 3,511
Fannie Mae      
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 469,637 415,790 340,708
Payments to redeem debt (454,693) (427,161) (403,967)
Consolidated Trusts      
Cash flows provided by (used in) financing activities:      
Proceeds from the issuance of debt 224,003 228,976 469,955
Payments to redeem debt $ (376,114) $ (347,773) $ (561,440)