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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 25,819 $ 21,895
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 309 181
Amortization of debt premiums, discounts and issuance costs 6,008 5,656
Net change in fair value of trading securities, hedged assets, and financial derivatives 19,174 525
(Gains)/losses on sale of real estate owned 0 5
Total provision for losses (410) 444
Excess Tax Benefits from Share-Based Compensation 440 679
Deferred income taxes (161) 1,419
Stock-based compensation expense 664 981
Proceeds from repayment of loans purchased as held for sale 34,699 25,928
Net change in:    
Interest receivable 41,219 37,292
Guarantee and commitment fees receivable (15) (357)
Other assets (11,973) 2,236
Accrued interest payable (4,054) (2,855)
Other liabilities 6,111 8,605
Net cash provided by operating activities 117,830 102,634
Cash flows from investing activities:    
Purchases of loans held for investment (267,756) (341,702)
Purchases of defaulted loans (721) (311)
Proceeds from repayment of loans purchased as held for investment 191,298 182,790
Proceeds from sale of Farmer Mac Guaranteed Securities 131,202 149,607
Proceeds from sale of real estate owned 0 697
Net cash used by investing activities (383,997) (245,913)
Cash flows from financing activities:    
Payments to third parties on debt securities of consolidated trusts (38,197) (46,926)
Proceeds from common stock issuance 3 148
Tax payments related to share-based awards (1,407) (1,341)
Dividends paid on common and preferred stock (9,457) (7,094)
Net cash provided/(used) by financing activities 457,403 191,691
Net increase in cash and cash equivalents 191,236 48,412
Cash and cash equivalents at beginning of period 302,022 265,229
Cash and cash equivalents at end of period 493,258 313,641
Medium-term Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 2,060,844 2,251,535
Payments to redeem discount notes and medium-term notes (1,200,936) (856,300)
Notes Payable to Banks [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 10,587,657 13,618,574
Payments to redeem discount notes and medium-term notes (10,941,104) (14,766,905)
Investment Securities [Member]    
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (242,677) (66,561)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 263,621 183,749
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 (931,199) (692,245)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities $ 472,235 $ 338,063