National Rural Utilities Cooperative Finance Corporation (NRUC) Financial Statements (2024 and earlier)

Company Profile

Business Address 20701 COOPERATIVE WAY
DULLES, VA 20166-6691
State of Incorp. DC
Fiscal Year End May 31
Industry (SIC) 6159 - Miscellaneous business Credit Institutions (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

8/31/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7098797539061,042265
Cash and cash equivalents199272154295671178
Short-term investments51060860061137088
Total current assets:7098797539061,042265
Noncurrent Assets
Property, plant and equipment861101029289121
Deferred costs777755
Total noncurrent assets:931171089995126
Other undisclosed assets33,21032,19230,38928,63327,02126,733
TOTAL ASSETS:34,01233,18831,25129,63828,15827,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,5465,5944,9814,5823,9623,608
Total current liabilities:4,5465,5944,9814,5823,9623,608
Noncurrent Liabilities
Long-term debt and lease obligation25,23023,52422,53221,589986986
Long-term debt, excluding current maturities25,23023,52422,53221,589986986
Total noncurrent liabilities:25,23023,52422,53221,589986986
Other undisclosed liabilities1,6471,6361,5962,06722,56121,227
Total liabilities:31,42330,75529,10928,23827,50925,820
Equity
Equity, attributable to parent2,5622,4062,1151,3756261,277
Accumulated other comprehensive income (loss)822(0)(2)(0)
Retained earnings2,5542,4042,1121,3756281,277
Equity, attributable to noncontrolling interest272727252327
Total equity:2,5892,4342,1421,4006491,304
TOTAL LIABILITIES AND EQUITY:34,01233,18831,25129,63828,15827,124

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

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues
(Net Investment Income)
1,3521,2101,1491,1171,1511,136
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    (29)(36) 
Gross profit:1,3521,2101,1491,0881,1161,136
Operating expenses(51)(33)(43)(39)(47)(43)
Other operating income, net
(Noninterest Income, Other Operating Income)
181217192315
Operating income:1,3191,1891,1231,0681,0921,108
Nonoperating income (expense)
(Investment Income, Nonoperating)
286688472506(790)(363)
Interest and debt expense(1,037)(813)(706)(1)(822)(843)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (757)(71)(52)
Income (loss) from continuing operations before income taxes:5681,064889815(591)(151)
Income tax expense (benefit)(1)(1)(1)(1)1(0)
Income (loss) from continuing operations:5681,063888814(589)(151)
Income (loss) before gain (loss) on sale of properties:984888814(589)(151)
Other undisclosed net income (loss)(66)42(90)   
Net income (loss):5021,105799814(589)(151)
Net income (loss) attributable to noncontrolling interest(0)(3)(3)(2)42
Net income (loss) available to common stockholders, diluted:5011,102796812(585)(149)

Comprehensive Income ($ in millions)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income (loss):5021,105799814(589)(151)
Other comprehensive income (loss)6(2)22(2)0
Comprehensive income (loss):5081,103801816(591)(151)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(3)(3)(2)42
Comprehensive income (loss), net of tax, attributable to parent:5081,100798814(587)(149)

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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