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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 55,455 $ 42,529
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 1,536 534
Amortization of debt premiums, discounts and issuance costs 13,701 11,479
Net change in fair value of trading securities, hedged assets, and financial derivatives 26,100 (12,122)
(Gains)/losses on sale of real estate owned (34) (752)
Total provision for losses 172 910
Excess Tax Benefits from Share-Based Compensation 903 832
Deferred income taxes (2,457) 2,095
Other Noncash Income (Expense) 0 (100)
Stock-based compensation expense 1,269 1,784
Proceeds from repayment of loans purchased as held for sale 62,078 32,510
Net change in:    
Interest receivable (879) (3,700)
Guarantee and commitment fees receivable 8 320
Other assets (12,877) 300
Accrued interest payable 13,104 14,260
Other liabilities 4,075 (488)
Net cash provided by operating activities 162,154 90,591
Cash flows from investing activities:    
Purchases of loans held for investment (491,858) (678,710)
Purchases of defaulted loans (721) (415)
Proceeds from repayment of loans purchased as held for investment 335,808 250,111
Proceeds from sale of Farmer Mac Guaranteed Securities 196,290 247,975
Proceeds from sale of real estate owned 101 6,144
Net cash used by investing activities (609,078) (1,428,004)
Cash flows from financing activities:    
Payments to third parties on debt securities of consolidated trusts (72,031) (54,949)
Proceeds from common stock issuance 7 232
Tax payments related to share-based awards (2,523) (1,669)
Dividends paid on common and preferred stock (18,939) (14,207)
Net cash provided/(used) by financing activities 575,714 1,392,177
Net increase in cash and cash equivalents 128,790 54,764
Cash and cash equivalents at beginning of period 302,022 265,229
Cash and cash equivalents at end of period 430,812 319,993
Medium-term Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 4,103,234 5,257,762
Payments to redeem discount notes and medium-term notes (3,313,236) (2,206,300)
Notes Payable to Banks [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 21,036,787 27,501,915
Payments to redeem discount notes and medium-term notes (21,157,585) (29,090,607)
Investment Securities [Member]    
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (539,667) (271,684)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 403,018 508,409
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 (1,843,294) (2,108,174)
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities $ 1,331,245 $ 618,340