Federal Agricultural Mortgage Corporation (AGM) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5884253022651,2101,363749
Cash and cash equivalents5884253022651,2101,363749
Total current assets:5884253022651,2101,363749
Noncurrent Assets
Other undisclosed assets20,72718,26917,49015,34114,33012,92412,612
TOTAL ASSETS:21,31518,69417,79215,60615,54014,28813,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt9,8867,7578,0908,4409,1119,0279,617
Total current liabilities:9,8867,7578,0908,4409,1119,0279,617
Noncurrent Liabilities
Long-term debt and lease obligation   5,223 5,4715,001
Long-term debt, excluding current maturities   5,223 5,4715,001
Total noncurrent liabilities:   5,223 5,4715,001
Other undisclosed liabilities10,67910,1858,9941,2995,875(992)(1,830)
Total liabilities:20,56517,94217,08414,96214,98713,50612,787
Stockholders' equity
Stockholders' equity attributable to parent, including:511537708643554546333
Additional paid in capital119119119119118114111
Accumulated other comprehensive income (loss)(43)255134(11)16(16)
Retained earnings435393323276231201169
Other undisclosed stockholders' equity attributable to parent  21521521521669
Stockholders' equity attributable to noncontrolling interest   00236242
Other undisclosed stockholders' equity239215     
Total stockholders' equity:750753708644554782574
TOTAL LIABILITIES AND EQUITY:21,31518,69417,79215,60615,54014,28813,362

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4100141615277 
Net investment income420    213 
Principal transactions revenue, net00
Financial services revenue14161564 
Cost of revenue(1)(0)(2)(1)(0)  
Provision for loan, lease, and other losses(1)(0)
Financial services costs(2)(1)(0)  
Gross profit:409(0)121515277 
Operating expenses(20)(20)(16)(15)(13)(12)(12)
Other operating income, net
(Noninterest Income, Other Operating Income)
1112223
Operating income (loss):390(19)(3)24266(9)
Nonoperating income (expense)(2)(4)323(22)1
Investment income, nonoperating(2)(4)123(22) 
Gains (losses) on sales of other real estate (0)20(0)01
Interest and debt expense(463)(370)(243)(172)(139)(171)(136)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes201528374287240(1)274
Income from continuing operations before income taxes:12613613111910873131
Income tax expense(27)(28)(46)(42)(34)(3)(34)
Net income:1001088477747098
Net loss attributable to noncontrolling interest     (22)(22)
Other undisclosed net income (loss) attributable to parent  00(5)  
Net income attributable to parent:1001088477694875
Preferred stock dividends and other adjustments(14)(13)(13)(13)(21)(10)(3)
Other undisclosed net loss available to common stockholders, basic(2)      
Net income available to common stockholders, diluted:84957164473872

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1001088477747098
Other comprehensive income (loss)(107)(26)845(27)32 
Other undisclosed comprehensive loss      (90)
Comprehensive income (loss):(7)8293122471027
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  00(5)(22)22
Other undisclosed comprehensive loss, net of tax, attributable to parent      (44)
Comprehensive income (loss), net of tax, attributable to parent:(7)82931224280(15)

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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