FEDERAL HOME LOAN MORTGAGE CORP (FMCC) Financial Statements (2024 and earlier)

Company Profile

Business Address 8200 JONES BRANCH DR
MCLEAN, VA 22102
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6111 - Federal and Federally-Sponsored Credit Agencies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,16749,00344,45849,53735,54847,569
Cash and cash equivalents      6,848
Short-term investments32,16749,00344,45849,53735,54840,721
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:32,16749,00344,45849,53735,54847,569
Noncurrent Assets
Property, plant and equipment     959798
Deferred income tax assets5,7776,2146,557 
Total noncurrent assets:5,7776,2146,557 959798
Other undisclosed assets3,170,3892,970,3692,576,4002,154,0862,026,5532,001,409
TOTAL ASSETS:3,208,3333,025,5862,627,4152,203,6232,063,0602,049,776
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   9,8436,0199,681
Total current liabilities:   9,8436,0199,681
Noncurrent Liabilities
Other undisclosed liabilities3,171,3152,997,5532,611,0022,184,6582,052,5642,040,407
Total liabilities:3,171,3152,997,5532,611,0022,194,5012,058,5832,050,088
Equity
Equity, attributable to parent, including:37,01828,03316,4139,1224,477(312)
Treasury stock, value(3,885)(3,885)(3,885)(3,885)(3,885)(3,885)
Accumulated other comprehensive income (loss)(188)154643438(135)389
Accumulated deficit(45,666)(54,993)(67,102)(74,188)(78,260)(83,261)
Warrants and rights outstanding 2,3002,3002,3002,3002,3002,300
Other undisclosed equity, attributable to parent84,45784,45784,45784,45784,45784,145
Total equity:37,01828,03316,4139,1224,477(312)
TOTAL LIABILITIES AND EQUITY:3,208,3333,025,5862,627,4152,203,6232,063,0602,049,776

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues81,81859,26659,75970,45566,68464,392
Net investment income81,81859,26659,75970,15867,01964,392
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,841) (1,452)   
Gross profit:79,97759,26658,30770,45566,68464,392
Operating expenses  (2,651)(2,535)(2,564)(2,293)(2,106)
Other operating income (expense), net    26338(693)
Noninterest income, other operating income    26338 
Other expenses      (693)
Operating income:79,97756,61555,77267,91764,72961,593
Nonoperating income (expense)1,9692,7341,664589(864)(189)
Investment income, nonoperating1,9692,7461,813818(695) 
Loss from real estate operations  (12)(149)(229)(169)(189)
Interest and debt expense(65,453)(43,947)(49,569)(61,047)(58,033)(53,302)
Other undisclosed income from continuing operations before equity method investments, income taxes   1,3621,5905,6428,732
Income from continuing operations before equity method investments, income taxes:16,49315,4029,2299,04911,47416,834
Other undisclosed loss from continuing operations before income taxes(4,889)(203)    
Income from continuing operations before income taxes:11,60415,1999,2299,04911,47416,834
Income tax expense(2,277)(3,090)(1,903)(1,835)(2,239)(11,209)
Income from continuing operations:9,32712,1097,3267,2149,2355,625
Income before gain (loss) on sale of properties:12,1097,3267,2149,2355,625
Net income attributable to parent:9,32712,1097,3267,2149,2355,625
Preferred stock dividends and other adjustments(8,985)(11,620)(7,291)(7,787)(5,623)(8,869)
Net income (loss) available to common stockholders, diluted:34248935(573)3,612(3,244)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:9,32712,1097,3267,2149,2355,625
Comprehensive income:9,32712,1097,3267,2149,2355,625
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(342)(489)205573(613)(67)
Comprehensive income, net of tax, attributable to parent:8,98511,6207,5317,7878,6225,558

Statements Sources

The financial statements are based on the Company's filings with 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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