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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 85,224 $ 64,311
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 713 1,701
Amortization of debt premiums, discounts and issuance costs 21,744 17,078
Net change in fair value of trading securities, hedged assets, and financial derivatives 42,054 (12,232)
Losses/(gains) on sale of real estate owned 7 (784)
Total provision for losses 169 1,294
Excess Tax Benefits from Share-Based Compensation 1,105 1,170
Deferred income taxes 1,750 1,910
Other Noncash Income (Expense) 0 (11)
Stock-based compensation expense 1,882 2,597
Proceeds from repayment of loans purchased as held for sale 76,259 54,919
Net change in:    
Interest receivable 18,537 12,678
Guarantee and commitment fees receivable (86) 226
Other assets (7,268) (109)
Accrued interest payable 12,033 12,104
Other liabilities (1,898) 435
Net cash provided by operating activities 252,225 157,309
Cash flows from investing activities:    
Purchases of loans held for investment (684,486) (1,047,001)
Purchases of defaulted loans (7,756) (3,458)
Proceeds from repayment of loans purchased as held for investment 508,969 368,826
Proceeds from sale of Farmer Mac Guaranteed Securities 305,391 404,246
Proceeds from sale of real estate owned 116 6,464
Net cash used by investing activities (239,793) (1,777,246)
Cash flows from financing activities:    
Payments to third parties on debt securities of consolidated trusts (117,966) (86,582)
Proceeds from common stock issuance 7 235
Tax payments related to share-based awards (2,635) (2,283)
Dividends paid on common and preferred stock (28,421) (21,321)
Net cash provided by financing activities 121,698 1,721,472
Net increase in cash and cash equivalents 134,130 101,535
Cash and cash equivalents at beginning of period 302,022 265,229
Cash and cash equivalents at end of period 436,152 366,764
Medium-term Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 6,109,613 7,160,298
Payments to redeem discount notes and medium-term notes (5,254,430) (3,416,300)
Notes Payable to Banks [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 30,946,426 40,262,122
Payments to redeem discount notes and medium-term notes (31,530,896) (42,174,697)
Investment Securities [Member]    
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (833,650) (614,423)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 814,712 895,497
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 (2,544,812) (2,580,229)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities $ 2,201,723 $ 787,743