Federal Agricultural Mortgage Corporation (AGM) financial statements (2022 and earlier)

Company profile

Business Address 1999 K STREET NW,
WASHINGTON, DC 20006
State of Incorp.
Fiscal Year End December 31
SIC 6111 - Federal and Federally-Sponsored Credit Agencies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9098998281,0131,034911828
Cash and cash equivalents9098998281,0131,034911828
Receivables0   0  
Total current assets:9098998281,0131,034911828
Noncurrent Assets
Deferred income tax assets161110 182939
Total noncurrent assets:161110 182939
Other undisclosed assets24,22123,83423,34323,00123,30323,05923,066
TOTAL ASSETS:25,14524,74424,18124,01424,35623,99923,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,9878,0828,3259,59310,74610,93510,888
Total current liabilities:6,9878,0828,3259,59310,74610,93510,888
Noncurrent Liabilities
Long-term debt and lease obligation15,77214,26913,35911,94311,04910,65410,534
Long-term debt, excluding current maturities15,77214,26913,35911,94311,04910,65410,534
Liabilities, other than long-term debt   1   
Deferred income tax liabilities   1   
Total noncurrent liabilities:15,77214,26913,35911,94411,04910,65410,534
Other undisclosed liabilities1,1831,1961,3181,3991,5671,4791,687
Total liabilities:23,94123,54723,00122,93623,36323,06823,109
Stockholders' equity
Stockholders' equity attributable to parent709702685704619556508
Additional paid in capital126125124124123122121
Accumulated other comprehensive income (loss)4181752(14)(54)(91)
Retained earnings579559544528510489479
Other undisclosed stockholders' equity495495495374374374316
Total stockholders' equity:1,2041,1971,1801,077992930824
TOTAL LIABILITIES AND EQUITY:25,14524,74424,18124,01424,35623,99923,933

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues67626059625655
Net investment income 626059615655
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (0)  (3)(1) 
Gross profit:67626059595555
Operating expenses(8)(6)(6)(6)(6)(5)(5)
Other operating income, net
(Noninterest Income, Other Operating Income)
0101111
Operating income:59565454535051
Nonoperating income38363947524568
Investment income, nonoperating38363947524568
Interest and debt expense(48)(49)(52)(54)(61)(64)(79)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (2)(4)(0)15
Income from continuing operations before equity method investments, income taxes:49434042443245
Other undisclosed loss from continuing operations before income taxes(3)(3)     
Income from continuing operations before income taxes:46394042443245
Income tax expense(10)(8)(8)(9)(9)(6)(9)
Net income attributable to parent:37313133352536
Preferred stock dividends and other adjustments(7)(7)(6)(5)(5)(5)(4)
Other undisclosed net loss available to common stockholders, basic     (2) 
Net income available to common stockholders, diluted:30242528291932

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:37313133352536
Other comprehensive income (loss)(14)1(35)66403830
Comprehensive income (loss), net of tax, attributable to parent:2233(4)99756366

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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