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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 108,080 $ 84,317 $ 77,300
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 (1,104) 1,739 1,828
Amortization of debt premiums, discounts and issuance costs 30,207 22,858 31,757
Net change in fair value of trading securities, hedged assets, and financial derivatives (23,747) (11,187) (15,086)
Losses/(gains) on sale of real estate owned 7 (1,748) (15)
Total provision for losses 335 1,758 1,002
Excess Tax Benefits from Share-Based Compensation 946 860 0
Deferred income taxes 2,625 3,221 4,103
Other Noncash Income (Expense) 0 11 9
Stock-based compensation expense 2,517 2,702 3,343
Payments to Purchase Loans Held-for-sale (25,000) 0 0
Proceeds from Sale of Loans Held-for-sale 25,000 0 0
Proceeds from (Payments for) Trading Securities, Short-term 0 0 2,212
Proceeds from repayment of loans purchased as held for sale 92,060 70,630 70,087
Net change in:      
Interest receivable (25,866) (32,468) (9,922)
Guarantee and commitment fees receivable (188) 94 1,318
Other assets (6,435) 3,641 43,560
Accrued interest payable 21,341 25,702 2,079
Other liabilities (747) 2,881 (884)
Net cash provided by operating activities 200,031 175,011 212,691
Cash flows from investing activities:      
Purchases of held-to-maturity investment securities 0 (45,032) 0
Purchases of loans held for investment (947,495) (1,266,926) (1,016,515)
Purchases of defaulted loans (9,231) (5,981) (2,516)
Proceeds from repayment of loans purchased as held for investment 611,344 435,356 402,897
Proceeds from sale of Farmer Mac Guaranteed Securities 382,929 519,219 609,347
Proceeds from sale of real estate owned 116 8,099 295
Net cash used by investing activities (599,210) (1,848,275) (593,409)
Cash flows from financing activities:      
Excess Tax Benefit from Share-based Compensation, Financing Activities 0 0 1,428
Payments to third parties on debt securities of consolidated trusts (131,058) (101,218) (82,209)
Proceeds from common stock issuance 7 238 553
Tax payments related to share-based awards (2,631) (2,536) (4,103)
Dividends paid on common and preferred stock (37,905) (28,439) (24,067)
Net cash provided/(used) by financing activities 522,413 1,710,057 (564,137)
Net increase in cash and cash equivalents 123,234 36,793 (944,855)
Cash and cash equivalents at beginning of period 302,022 265,229 1,210,084
Cash and cash equivalents at end of period 425,256 302,022 265,229
Proceeds from Noncontrolling Interests 0 0 53
Medium-term Notes [Member]      
Cash flows from financing activities:      
Proceeds from issuance of discount notes and medium-term notes 7,692,845 8,600,860 6,519,115
Payments to redeem discount notes and medium-term notes (6,834,057) (4,675,300) (4,083,450)
Notes Payable to Banks [Member]      
Cash flows from financing activities:      
Proceeds from issuance of discount notes and medium-term notes 41,726,788 51,980,890 95,036,368
Payments to redeem discount notes and medium-term notes (41,891,576) (54,064,438) (97,918,539)
Investment Securities [Member]      
Cash flows from investing activities:      
Purchases of available-for-sale investment securities (1,221,392) (979,671) (1,753,423)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 1,242,310 1,326,779 1,725,045
Proceeds from Sale of Available-for-sale Securities 0 10,218 186,769
Farmer Mac Guaranteed Securities and USDA Securities [Member]      
Cash flows from investing activities:      
Purchases of available-for-sale investment securities (3,470,832) (2,913,514) (2,579,980)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 2,813,041 1,063,178 1,834,672
Common Class C, Non-Voting [Member]      
Cash flows from financing activities:      
Payments for Repurchase of Common Stock $ 0 $ 0 $ (9,286)