Federal Agricultural Mortgage Corporation (AGM) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0346044253022651,2101,363
Cash and cash equivalents1,0346044253022651,2101,363
Receivables0      
Total current assets:1,0346044253022651,2101,363
Noncurrent Assets
Deferred income tax assets18 
Total noncurrent assets:18      
Other undisclosed assets23,30321,10518,26917,49015,34114,33012,924
TOTAL ASSETS:24,35621,70918,69417,79215,60615,54014,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,74610,0197,7578,0908,4409,1119,027
Total current liabilities:10,74610,0197,7578,0908,4409,1119,027
Noncurrent Liabilities
Long-term debt and lease obligation11,0499,080  5,223 5,471
Long-term debt, excluding current maturities11,0499,080  5,223 5,471
Total noncurrent liabilities:11,0499,080  5,223 5,471
Other undisclosed liabilities1,5671,81110,1858,9941,2995,875(992)
Total liabilities:23,36320,91017,94217,08414,96214,98713,506
Stockholders' equity
Stockholders' equity attributable to parent, including:619560537708643554546
Additional paid in capital123119119119119118114
Accumulated other comprehensive income (loss)(14)(16)255134(11)16
Retained earnings510457393323276231201
Other undisclosed stockholders' equity attributable to parent   215215215216
Stockholders' equity attributable to noncontrolling interest    00236
Other undisclosed stockholders' equity374239215    
Total stockholders' equity:992799753708644554782
TOTAL LIABILITIES AND EQUITY:24,35621,70918,69417,79215,60615,54014,288

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2342300141615277
Net investment income234230    213
Principal transactions revenue, net000
Financial services revenue14161564
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:226227(0)121515277
Operating expenses(22)(20)(20)(16)(15)(13)(12)
Other operating income, net
(Noninterest Income, Other Operating Income)
3211222
Operating income (loss):207208(19)(3)24266
Nonoperating income (expense)228334(4)323(22)
Investment income, nonoperating227334(4)123(22)
Gains (losses) on sales of other real estate0 (0)20(0)0
Interest and debt expense(313)(472)(370)(243)(172)(139)(171)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1569528374287240(1)
Income from continuing operations before income taxes:13713913613111910873
Income tax expense(29)(29)(28)(46)(42)(34)(3)
Net income:10911010884777470
Net loss attributable to noncontrolling interest      (22)
Other undisclosed net income (loss) attributable to parent   00(5) 
Net income attributable to parent:10911010884776948
Preferred stock dividends and other adjustments(18)(14)(13)(13)(13)(21)(10)
Other undisclosed net loss available to common stockholders, basic(2)(2)     
Net income available to common stockholders, diluted:89949571644738

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:10911010884777470
Other comprehensive income (loss)2(41)(26)845(27)32
Comprehensive income:11168829312247102
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   00(5)(22)
Comprehensive income, net of tax, attributable to parent:1116882931224280

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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