XML 29 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Statement of Cash Flows [Abstract]      
Interest Paid $ 332 $ 215 $ 217
Operating activities:      
Net income (loss) 623 215 (233)
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of premiums and discounts on mortgage-backed securities, net 400 408 472
Amortization of accumulated other comprehensive loss on interest rate swaps de-designated as qualifying hedges 39 101 156
Amortization of intangible assets 2 0 0
Stock based compensation 1 0 0
(Gain) loss on sale of mortgage-backed securities, net (109) 23 (51)
Unrealized loss on investment securities measured at fair value through net income, net 6 5 32
Loss on derivative instruments and other securities, net 310 754 1,211
(Increase) decrease in other assets 34 (83) 55
Increase (decrease) in accounts payable and other accrued liabilities 46 5 (20)
Net cash provided by operating activities 1,352 1,428 1,622
Investing activities:      
Purchases of mortgage-backed securities (20,836) (32,770) (26,349)
Payments To Acquire Non- Agency Mortgage Backed Securities (34) (116) 0
Proceeds from sale of mortgage-backed securities 18,030 27,794 30,587
Principal collections on mortgage-backed securities 8,137 7,922 7,358
Purchases of credit risk transfer securities (195) 0 0
Purchases of U.S. Treasury securities (4,483) (49,724) (51,511)
Proceeds from sale of U.S. Treasury securities 10,393 48,354 56,068
Net proceeds from (payments on) reverse repurchase agreements (6,003) 3,505 (3,337)
Net proceeds from (payments on) other derivative instruments (1,399) (300) 313
Purchases of REIT equity securities 0 (11) (234)
Proceeds from sale of REIT equity securities 39 35 416
Purchase of AGNC Mortgage Management, LLC, net of cash acquired (555) 0 0
(Increase) decrease in restricted cash and cash equivalents 1,244 (568) (612)
Other investing cash flows, net 107 (28) (350)
Net cash provided by investing activities 4,445 4,093 12,349
Financing activities:      
Proceeds from repurchase arrangements 217,501 380,580 291,736
Payments on repurchase agreements (221,434) (389,122) (304,973)
Proceeds from Federal Home Loan Bank advances 2,098 12,957 0
Payments on Federal Home Loan Bank advances (2,814) (9,204) 0
Payments on debt of consolidated variable interest entities (135) (155) (158)
Proceeds from Issuance of Preferred Stock and Preference Stock 0 0 169
Payments for common stock repurchases (116) (285) (74)
Cash dividends paid (799) (902) (1,094)
Net cash used in financing activities (5,699) (6,131) (14,394)
Net change in cash and cash equivalents 98 (610) (423)
Cash and cash equivalents at beginning of period 1,110 1,720 2,143
Cash and cash equivalents at end of period 1,208 1,110 1,720
Income Taxes Paid $ 0 $ 1 $ 3