Federal Agricultural Mortgage Corporation (AGM) Financial Statements (2024 and earlier)

Company Profile

Business Address 1999 K STREET NW,
WASHINGTON, DC 20006
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 thousands)

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 investments861,002908,7851,033,941604,381425,256302,022
Cash and cash equivalents861,002908,7851,033,941604,381425,256302,022
Receivables 100100100   
Total current assets:861,102908,8851,034,041604,381425,256302,022
Noncurrent Assets
Deferred income tax assets18,00415,55818,321 
Total noncurrent assets:18,00415,55818,321   
Other undisclosed assets26,454,00424,221,04823,303,13921,104,99318,269,07217,490,252
TOTAL ASSETS:27,333,11025,145,49124,355,50121,709,37418,694,32817,792,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8,034,1756,986,79910,746,38210,019,0827,757,0508,089,826
Total current liabilities:8,034,1756,986,79910,746,38210,019,0827,757,0508,089,826
Noncurrent Liabilities
Long-term debt and lease obligation16,966,02415,771,73411,049,2959,079,566  
Long-term debt, excluding current maturities16,966,02415,771,73411,049,2959,079,566  
Total noncurrent liabilities:16,966,02415,771,73411,049,2959,079,566  
Other undisclosed liabilities1,060,9531,182,5451,567,3471,811,45010,184,7218,994,302
Total liabilities:26,061,15223,941,07823,363,02420,910,09817,941,77117,084,128
Equity
Equity, attributable to parent, including:776,626709,116618,536560,190537,129708,146
Additional paid in capital128,939125,993122,899119,304118,822118,979
Accumulated other comprehensive income (loss)(50,843)3,853(13,923)(16,161)24,95651,085
Retained earnings698,530579,270509,560457,047393,351322,704
Other undisclosed equity, attributable to parent      215,378
Other undisclosed equity495,332495,297373,941239,086215,428 
Total equity:1,271,9581,204,413992,477799,276752,557708,146
TOTAL LIABILITIES AND EQUITY:27,333,11025,145,49124,355,50121,709,37418,694,32817,792,274

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues350,369249,006233,749230,0018114,179
Principal transactions revenue, net(115)5032681
Net investment income350,420242,582233,699229,675  
Financial services revenue14,179
Cost of revenue(806) (8,055)(3,501)(335)(1,758)
Provision for loan, lease, and other losses(806) (8,055)(3,501)(335)
Financial services costs(1,758)
Gross profit:349,563249,006225,694226,500(254)12,421
Operating expenses(29,772)(27,507)(21,976)(20,311)(19,707)(15,959)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,5512,0693,4871,9041,377832
Operating income (loss):322,342223,568207,205208,093(18,584)(2,706)
Nonoperating income (expense)306,400160,199227,908333,896(3,694)2,501
Investment income, nonoperating306,400160,199227,445333,896(3,687)753
Gains (losses) on sales of other real estate   463 (7)1,748
Interest and debt expense(445,908)(204,014)(312,946)(471,958)(369,848)(242,885)
Other undisclosed income from continuing operations before equity method investments, income taxes   15,26668,620528,148373,776
Income from continuing operations before equity method investments, income taxes:182,834179,753137,433138,651136,022130,686
Other undisclosed income (loss) from continuing operations before income taxes42,845(12,140)    
Income from continuing operations before income taxes:225,679167,613137,433138,651136,022130,686
Income tax expense(47,535)(35,353)(28,785)(29,105)(27,942)(46,369)
Income from continuing operations:178,144132,260108,648109,546108,08084,317
Income before gain (loss) on sale of properties:132,260108,648109,546108,08084,317
Net income:178,144132,260108,648109,546108,08084,317
Other undisclosed net income attributable to parent      165
Net income attributable to parent:178,144132,260108,648109,546108,08084,482
Preferred stock dividends and other adjustments(27,165)(24,677)(17,805)(13,940)(13,182)(13,182)
Other undisclosed net loss available to common stockholders, basic   (1,667)(1,956)  
Net income available to common stockholders, diluted:150,979107,58389,17693,65094,89871,300

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:178,144132,260108,648109,546108,08084,317
Other comprehensive income (loss)(54,696)17,7762,238(41,117)(26,156)8,274
Comprehensive income:123,448150,036110,88668,42981,92492,591
Comprehensive income, net of tax, attributable to noncontrolling interest      165
Comprehensive income, net of tax, attributable to parent:123,448150,036110,88668,42981,92492,756

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: