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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 64,311 $ 48,511
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of deferred gains, premiums, and discounts on loans, investments, Farmer Mac Guaranteed Securities, and USDA Securities 1,701 1,343
Amortization of debt premiums, discounts and issuance costs 17,078 24,789
Net change in fair value of trading securities, hedged assets, and financial derivatives (12,232) 1,672
Gains on sale of real estate owned (784) (15)
Total provision for losses 1,294 490
Excess Tax Benefits from Share-Based Compensation 1,170 0
Deferred income taxes 1,910 (1,270)
Other Noncash Income (Expense) 11 9
Stock-based compensation expense 2,597 2,565
Proceeds from repayment of trading investment securities 0 2,212
Proceeds from repayment of loans purchased as held for sale 54,919 67,506
Net change in:    
Interest receivable 12,678 26,172
Guarantee and commitment fees receivable 226 534
Other assets (109) (46,832)
Accrued interest payable 12,104 (7,351)
Other liabilities 435 507
Net cash provided by operating activities 157,309 120,842
Cash flows from investing activities:    
Purchases of loans held for investment (1,047,001) (762,018)
Purchases of defaulted loans (3,458) (2,516)
Proceeds from repayment of loans purchased as held for investment 368,826 333,920
Proceeds from sale of Farmer Mac Guaranteed Securities 404,246 457,369
Proceeds from sale of real estate owned 6,464 295
Net cash used by investing activities (1,777,246) (930,044)
Cash flows from financing activities:    
Excess tax benefits related to stock-based awards 0 408
Payments to third parties on debt securities of consolidated trusts (86,582) (71,806)
Proceeds from common stock issuance 235 405
Tax payments related to share-based awards (2,283) (1,975)
Investment in subsidiary - non-controlling interest 0 53
Dividends paid on common and preferred stock (21,321) (18,031)
Net cash provided/(used) by financing activities 1,721,472 (87,301)
Net increase in cash and cash equivalents 101,535 (896,503)
Cash and cash equivalents at beginning of period 265,229 1,210,084
Cash and cash equivalents at end of period 366,764 313,581
Medium-term Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 7,160,298 4,763,631
Payments to redeem discount notes and medium-term notes (3,416,300) (3,103,800)
Discount Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 40,262,122 77,411,229
Payments to redeem discount notes and medium-term notes (42,174,697) (79,058,129)
Investment Securities [Member]    
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (614,423) (1,365,314)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 895,497 957,973
Proceeds from sale of available-for-sale investment securities 5,089 186,769
Farmer Mac Guaranteed Securities and USDA Securities [Member]    
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (2,580,229) (2,203,574)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 787,743 1,467,052
Common Class C, Non-Voting [Member]    
Cash flows from financing activities:    
Common stock repurchased $ 0 $ (9,286)