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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9091,0346044253022651,210
Cash and cash equivalents9091,0346044253022651,210
Receivables00     
Total current assets:9091,0346044253022651,210
Noncurrent Assets
Deferred income tax assets1618 
Total noncurrent assets:1618     
Other undisclosed assets24,22123,30321,10518,26917,49015,34114,330
TOTAL ASSETS:25,14524,35621,70918,69417,79215,60615,540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,98710,74610,0197,7578,0908,4409,111
Total current liabilities:6,98710,74610,0197,7578,0908,4409,111
Noncurrent Liabilities
Long-term debt and lease obligation15,77211,0499,080  5,223 
Long-term debt, excluding current maturities15,77211,0499,080  5,223 
Total noncurrent liabilities:15,77211,0499,080  5,223 
Other undisclosed liabilities1,1831,5671,81110,1858,9941,2995,875
Total liabilities:23,94123,36320,91017,94217,08414,96214,987
Stockholders' equity
Stockholders' equity attributable to parent, including:709619560537708643554
Additional paid in capital126123119119119119118
Accumulated other comprehensive income (loss)4(14)(16)255134(11)
Retained earnings579510457393323276231
Other undisclosed stockholders' equity attributable to parent    215215215
Stockholders' equity attributable to noncontrolling interest     00
Other undisclosed stockholders' equity495374239215   
Total stockholders' equity:1,204992799753708644554
TOTAL LIABILITIES AND EQUITY:25,14524,35621,70918,69417,79215,60615,540

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2492342300141615
Net investment income243234230    
Principal transactions revenue, net(0)000
Financial services revenue141615
Cost of revenue (8)(4)(0)(2)(1)(0)
Provision for loan, lease, and other losses (8)(4)(0)
Financial services costs(2)(1)(0)
Gross profit:249226227(0)121515
Operating expenses(28)(22)(20)(20)(16)(15)(13)
Other operating income, net
(Noninterest Income, Other Operating Income)
2321122
Operating income (loss):224207208(19)(3)24
Nonoperating income (expense)160228334(4)323
Investment income, nonoperating160227334(4)123
Gains (losses) on sales of other real estate 0 (0)20(0)
Interest and debt expense(204)(313)(472)(370)(243)(172)(139)
Other undisclosed income from continuing operations before equity method investments, income taxes 1569528374287240
Income from continuing operations before equity method investments, income taxes:180137139136131119108
Other undisclosed loss from continuing operations before income taxes(12)      
Income from continuing operations before income taxes:168137139136131119108
Income tax expense(35)(29)(29)(28)(46)(42)(34)
Net income:132109110108847774
Other undisclosed net income (loss) attributable to parent    00(5)
Net income attributable to parent:132109110108847769
Preferred stock dividends and other adjustments(25)(18)(14)(13)(13)(13)(21)
Other undisclosed net loss available to common stockholders, basic (2)(2)    
Net income available to common stockholders, diluted:108899495716447

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:132109110108847774
Other comprehensive income (loss)182(41)(26)845(27)
Comprehensive income:15011168829312247
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    00(5)
Comprehensive income, net of tax, attributable to parent:15011168829312242

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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