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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 84,317 $ 77,300 $ 73,839
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 1,739 1,828 2,889
Amortization of debt premiums, discounts and issuance costs 22,858 31,757 15,060
Net change in fair value of trading securities, hedged assets, and financial derivatives (11,187) (15,086) (12,144)
(Gains)/losses on sale of real estate owned (1,748) (15) 1
Total provision for losses 1,758 1,002 208
Excess Tax Benefits from Share-Based Compensation 860 0 0
Deferred income taxes 3,221 4,103 3,992
Other Noncash Income (Expense) 11 9 (9)
Stock-based compensation expense 2,702 3,343 3,269
Proceeds from repayment of trading investment securities 0 2,212 657
Proceeds from repayment of loans purchased as held for sale 70,630 70,087 95,592
Net change in:      
Interest receivable (32,468) (9,922) (5,826)
Guarantee and commitment fees receivable 94 1,318 (727)
Other assets 3,641 43,560 8,454
Accrued interest payable 25,702 2,079 (734)
Other liabilities 2,881 (884) 377
Net cash provided by operating activities 175,011 212,691 184,898
Cash flows from investing activities:      
Payments to Acquire Held-to-maturity Securities (45,032) 0 0
Purchases of loans held for investment (1,266,926) (1,016,515) (837,176)
Purchases of defaulted loans (5,981) (2,516) (16,907)
Proceeds from repayment of loans purchased as held for investment 435,356 402,897 311,136
Proceeds from sale of Farmer Mac Guaranteed Securities 519,219 609,347 336,913
Proceeds from sale of real estate owned 8,099 295 (1)
Net cash used by investing activities (1,848,275) (593,409) (1,250,533)
Cash flows from financing activities:      
Excess tax benefits related to stock-based awards 0 1,428 154
Payments to third parties on debt securities of consolidated trusts (101,218) (82,209) (47,574)
Proceeds from common stock issuance 238 553 1,689
Tax payments related to share-based awards (2,536) (4,103) (543)
Investment in subsidiary - non-controlling interest 0 53 242
Payments for Repurchase of Redeemable Preferred Stock 0 0 (244,000)
Payments of Ordinary Dividends, Noncontrolling Interest 0 0 (5,415)
Dividends paid on common and preferred stock (28,439) (24,067) (20,182)
Net cash provided/(used) by financing activities 1,710,057 (564,137) 912,332
Net increase in cash and cash equivalents 36,793 (944,855) (153,303)
Cash and cash equivalents at beginning of period 265,229 1,210,084 1,363,387
Cash and cash equivalents at end of period 302,022 265,229 1,210,084
Medium-term Notes [Member]      
Cash flows from financing activities:      
Proceeds from issuance of discount notes and medium-term notes 8,600,860 6,519,115 4,375,368
Payments to redeem discount notes and medium-term notes (4,675,300) (4,083,450) (4,842,281)
Notes Payable to Banks [Member]      
Cash flows from financing activities:      
Proceeds from issuance of discount notes and medium-term notes 51,980,890 95,036,368 97,129,959
Payments to redeem discount notes and medium-term notes (54,064,438) (97,918,539) (95,424,765)
Investment Securities [Member]      
Cash flows from investing activities:      
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (979,671) (1,753,423) (2,403,910)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 1,326,779 1,725,045 1,489,074
Proceeds from sale of available-for-sale investment securities 10,218 186,769 83,735
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 (2,913,514) (2,579,980) (1,180,570)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 1,063,178 1,834,672 967,173
Common Class C, Non-Voting [Member]      
Cash flows from financing activities:      
Common stock repurchased $ 0 $ (9,286) $ (10,320)