Cash flow Federal National Mortgage Association

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FNMA

US3135861090

Banks

Delayed OTC Markets Other stock markets 11:20:31 2025-01-14 am EST			5-day change	1st Jan Change
6.980 ^USD	+27.14%		+52.29%	+111.25%

Jan. 08	Bill Ackman Chases 1,200% Profit on GSE Trade	MT
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Published financial data: FEDERAL NATIONAL MORTGAGE ASSOCIATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	121B	108B	101B	120B	140B
Interest Expense, Total	99.68B	83.46B	69.7B	90.53B	111B
Net Interest Income	21.67B	25.02B	31.33B	29.47B	29.05B
Commission and Fees	1.18B	462M	361M	312M	275M
Other Revenues, Total	-1.17B	-1.77B	-208M	1.03B	944M
Revenues Before Provison For Loan Losses	21.67B	23.71B	31.48B	30.81B	30.27B
Provision For Loan Losses	-4.01B	678M	-5.13B	6.28B	-1.67B
Total Revenues	25.68B	23.03B	36.61B	24.53B	31.94B
Salaries And Other Employee Benefits	1.49B	1.55B	1.49B	1.67B	1.91B
Cost of Services Provided, Total	1.54B	1.51B	1.57B	1.66B	1.7B
Other Operating Expenses	5.1B	3.98B	4.33B	4.29B	4.7B
Total Operating Expenses	8.13B	7.05B	7.39B	7.62B	8.31B
Operating Income	17.55B	15.98B	29.22B	16.92B	23.63B
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	24M	23M	-26M	-87M	32M
Other Non Operating Income (Expenses)	-	-1.13B	-1.24B	-596M	-1.7B
EBT, Excl. Unusual Items	17.58B	14.88B	27.95B	16.23B	21.96B
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	17.58B	14.88B	27.95B	16.23B	21.96B
Income Tax Expense	3.42B	3.07B	5.77B	3.31B	4.55B
Earnings From Continuing Operations	14.16B	11.8B	22.18B	12.92B	17.41B
Net Income to Company	14.16B	11.8B	22.18B	12.92B	17.41B
Minority Interest	-	-	-	-	-
Net Income - (IS)	14.16B	11.8B	22.18B	12.92B	17.41B
Preferred Dividend and Other Adjustments	13.97B	11.79B	22.1B	12.92B	17.4B
Net Income to Common Incl Extra Items	191M	15M	78M	3M	3M
Net Income to Common Excl. Extra Items	191M	15M	78M	3M	3M
Per Share Items
Net EPS - Basic	0.03	0	0.01	0	0
Basic EPS - Continuing Operations	0.03	0	0.01	0	0
Basic Weighted Average Shares Outstanding	5.76B	5.87B	5.87B	5.87B	5.87B
Net EPS - Diluted	0.03	0	0.01	0	0
Diluted EPS - Continuing Operations	0.03	0	0.01	0	0
Diluted Weighted Average Shares Outstanding	5.89B	5.89B	5.89B	5.89B	5.89B
Normalized Basic EPS	1.91	1.59	2.98	1.73	2.34
Normalized Diluted EPS	1.86	1.58	2.96	1.72	2.33
Payout Ratio	39.56	-	-	-	-
Supplemental Items
Effective Tax Rate - (Ratio)	19.44	20.66	20.66	20.39	20.71
Current Domestic Taxes	2.09B	3.8B	5.52B	3.5B	3.32B
Total Current Taxes	2.09B	3.8B	5.52B	3.5B	3.32B
Deferred Domestic Taxes	1.33B	-729M	252M	-195M	1.23B
Total Deferred Taxes	1.33B	-729M	252M	-195M	1.23B
Normalized Net Income	10.99B	9.3B	17.47B	10.15B	13.72B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	34.76B	66.54B	42.45B	57.99B	35.82B
Long-Term Investments - (FS Template)	2.4B	1.7B	21.58B	65.39B	83.82B
Trading Asset Securities, Total	45.36B	131B	84.15B	175M	202M
Loans and Lease Receivables - (FS Template)	3,327B	3,659B	3,972B	4,114B	4,135B
Other Receivables	9.26B	10.5B	9.8B	9.87B	10.78B
Loans Held For Sale	6.77B	5.2B	5.13B	2.03B	2.15B
Restricted Cash	40.22B	77.29B	66.18B	29.85B	32.89B
Other Current Assets, Total	3.04B	6.54B	4.22B	-	-
Deferred Tax Assets Long-Term (Collected)	11.91B	12.95B	12.72B	12.91B	11.68B
Other Long-Term Assets, Total	22.21B	14.68B	11.41B	13.16B	13.23B
Total Assets	3,503B	3,986B	4,229B	4,305B	4,325B
Liabilities
Accrued Expenses, Total	10.23B	9.72B	9.19B	9.92B	10.93B
Short-Term Borrowings	27.58B	13.67B	3.03B	10.37B	17.45B
Current Portion of Long-Term Debt	46.95B	66.63B	65.62B	23.23B	23.35B
Long-Term Debt	3,393B	3,857B	4,090B	4,188B	4,182B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	10.66B	13.54B	14.2B	13.04B	13.97B
Total Liabilities	3,489B	3,960B	4,182B	4,245B	4,248B
Preferred Stock Redeemable	126B	126B	126B	126B	126B
Preferred Stock Convertible	13.62B	13.62B	13.62B	13.62B	13.62B
Total Preferred Equity	140B	140B	140B	140B	140B
Common Stock, Total	687M	687M	687M	687M	687M
Retained Earnings	-119B	-108B	-85.93B	-73.01B	-55.6B
Treasury Stock	-7.4B	-7.4B	-7.4B	-7.4B	-7.4B
Comprehensive Income and Other	131M	116M	38M	35M	32M
Total Common Equity	-125B	-115B	-92.61B	-79.69B	-62.28B
Minority Interest	-	-	-	-	-
Total Equity	14.61B	25.26B	47.36B	60.28B	77.68B
Total Liabilities And Equity	3,503B	3,986B	4,229B	4,305B	4,325B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.74B	5.74B	5.74B	5.74B	5.74B
ECS Total Common Shares Outstanding	5.74B	5.74B	5.74B	5.74B	5.74B
Book Value / Share	-21.84	-19.99	-16.14	-13.89	-10.85
Tangible Book Value	-125B	-115B	-92.61B	-79.69B	-62.28B
Tangible Book Value Per Share	-21.84	-19.99	-16.14	-13.89	-10.85
Total Debt	3,468B	3,937B	4,158B	4,222B	4,223B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Net Debt	3,388B	3,739B	4,011B	4,149B	4,156B
Full Time Employees	7.5K	7.7K	7.4K	8K	8.1K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	14.16B	11.8B	22.18B	12.92B	17.41B
Depreciation, Depletion & Amortization	-	-	-	-	-
Total Depreciation, Depletion & Amortization	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-917M	-924M	-1.78B	-1.78B	-1.18B
Total Asset Writedown	-1.81B	-2.62B	-2B	361M	-760M
Provision for Credit Losses	-4.01B	678M	-5.13B	6.28B	-1.48B
Change in Trading Asset Securities	-1.63B	-73.66B	46.98B	34.79B	-1.08B
Other Operating Activities	-10.55B	-8.22B	-13.04B	-8.74B	-1.03B
Cash from Operations	-4.75B	-72.93B	47.21B	43.83B	11.88B
Sale of Property, Plant, and Equipment	7.42B	5.99B	3.54B	2.69B	4.62B
Investment in Marketable and Equity Securities, Total	1.11B	882M	1.05B	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	179B	34.15B	79.15B	82.36B	111B
Other Investing Activities, Total	19.28B	-14.34B	7.12B	5.08B	-16.25B
Cash from Investing	207B	26.68B	90.85B	90.13B	99.15B
Long-Term Debt Issued, Total	1,225B	1,671B	1,415B	811B	645B
Total Debt Issued	1,225B	1,671B	1,415B	811B	645B
Long-Term Debt Repaid, Total	-1,410B	-1,570B	-1,560B	-965B	-775B
Total Debt Repaid	-1,410B	-1,570B	-1,560B	-965B	-775B
Issuance of Preferred Stock	-	-	-	-	-
Preferred Dividends Paid	-5.6B	-	-	-	-
Common & Preferred Stock Dividends Paid	-5.6B	-	-	-	-
Other Financing Activities, Total	480M	-510M	69M	-	-
Cash from Financing	-190B	100B	-145B	-155B	-130B
Net Change in Cash	11.98B	54.22B	-6.99B	-20.79B	-19.14B
Supplemental Items
Cash Interest Paid	122B	114B	106B	101B	119B
Cash Income Tax Paid (Refund)	1.9B	3.95B	5.5B	3.51B	2.75B
Net Debt Issued / Repaid	-185B	101B	-145B	-155B	-130B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.41	0.32	0.54	0.3	0.4
Return On Equity %	135.84	59.22	61.08	24.01	25.24
Return on Common Equity	-0.15	-0.01	-0.08	-0	-0
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	11.77	13.32	8.37	13.57	11.28
Income From Continuing Operations Margin %	55.14	51.25	60.57	52.68	54.51
Net Income Margin %	55.14	51.25	60.57	52.68	54.51
Net Avail. For Common Margin %	0.74	0.07	0.21	0.01	0.01
Normalized Net Income Margin	42.78	40.37	47.71	41.36	42.97
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0.01	0.01
Short Term Liquidity
Current Ratio	40.91	43.95	54.02	97.17	82.09
Quick Ratio	40.31	42.96	53.05	96.44	81.42
Operating Cash Flow to Current Liabilities	-0.06	-0.81	0.61	1.01	0.23
Long Term Solvency
Total Debt/Equity	23.74K	15.59K	8.78K	7K	5.44K
Total Debt / Total Capital	99.58	99.36	98.87	98.59	98.19
LT Debt/Equity	23.23K	15.27K	8.64K	6.95K	5.38K
Long-Term Debt / Total Capital	97.44	97.34	97.24	97.81	97.24
Total Liabilities / Total Assets	99.58	99.37	98.88	98.6	98.2
Tier 1 Capital Ratio %	-	-	-	-5.6	-4.1
Total Capital Ratio %	-	-	-	-5.6	-4.1
Leverage Ratio %	-	-	-	-1.6	-1.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.15	-9.33	58.95	-32.99	30.18
Gross Profit, 1 Yr. Growth %	-6.15	-9.33	58.95	-32.99	30.18
Earnings From Cont. Operations, 1 Yr. Growth %	-11.27	-16.63	87.85	-41.73	34.71
Net Income, 1 Yr. Growth %	-11.27	-16.63	87.85	-41.73	34.71
Normalized Net Income, 1 Yr. Growth %	-12.55	-15.35	87.84	-41.92	35.26
Diluted EPS Before Extra, 1 Yr. Growth %	-94.74	-91.52	292.93	-94.91	0
Common Equity, 1 Yr. Growth %	-6.26	-8.5	-19.26	-13.95	-21.84
Total Assets, 1 Yr. Growth %	2.49	13.77	6.11	1.8	0.47
Tangible Book Value, 1 Yr. Growth %	-6.26	-8.5	-19.26	-13.95	-21.84
Cash From Operations, 1 Yr. Growth %	-311.48	1.43K	-164.73	-7.17	-72.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.82	-8.08	20.05	3.2	-6.6
Gross Profit, 2 Yr. CAGR %	0.82	-8.08	20.05	3.2	-6.6
Earnings From Cont. Operations, 2 Yr. CAGR %	139.77	-13.99	25.14	4.63	-11.4
Net Income, 2 Yr. CAGR %	139.77	-13.99	25.14	4.63	-11.4
Normalized Net Income, 2 Yr. CAGR %	-2.39	-13.96	26.1	4.45	-11.37
Diluted EPS Before Extra, 2 Yr. CAGR %	-83.67	-93.32	-42.26	-55.28	-77.44
Common Equity, 2 Yr. CAGR %	-5.36	-7.38	-14.05	-16.65	-17.99
Total Assets, 2 Yr. CAGR %	2.33	7.98	9.87	3.93	1.13
Tangible Book Value, 2 Yr. CAGR %	-5.36	-7.38	-14.05	-16.65	-17.99
Cash From Operations, 2 Yr. CAGR %	6.23	469.6	215.13	-22.48	-49.83
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.35	-3.03	10.33	-1.16	11.51
Gross Profit, 3 Yr. CAGR %	1.35	-3.03	10.33	-1.16	11.51
Earnings From Cont. Operations, 3 Yr. CAGR %	4.77	68.6	11.59	-3	13.82
Net Income, 3 Yr. CAGR %	4.77	68.6	11.59	-3	13.82
Normalized Net Income, 3 Yr. CAGR %	-1.39	-6.91	11.62	-2.62	13.85
Diluted EPS Before Extra, 3 Yr. CAGR %	44.22	-86.87	-74.02	-74.3	-41.52
Common Equity, 3 Yr. CAGR %	-1.26	-6.42	-11.53	-14.02	-18.42
Total Assets, 3 Yr. CAGR %	2.14	6.01	7.35	7.11	2.76
Tangible Book Value, 3 Yr. CAGR %	-1.26	-6.42	-11.53	-14.02	-18.42
Cash From Operations, 3 Yr. CAGR %	69.28	158.69	175.9	109.68	-45.38
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.17	-0.13	8.22	-0.59	3.22
Gross Profit, 5 Yr. CAGR %	-0.17	-0.13	8.22	-0.59	3.22
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.07	1.51	12.49	39.31	1.75
Net Income, 5 Yr. CAGR %	-0.07	1.51	12.49	39.31	1.75
Normalized Net Income, 5 Yr. CAGR %	-3.63	-1.69	8.8	-2.52	1.78
Diluted EPS Before Extra, 5 Yr. CAGR %	-31.12	-44.88	0	-78.57	-75.45
Common Equity, 5 Yr. CAGR %	-1.12	-2.81	-6.59	-10.65	-14.17
Total Assets, 5 Yr. CAGR %	1.52	4.35	5.16	5.17	4.82
Tangible Book Value, 5 Yr. CAGR %	-1.12	-2.81	-6.59	-10.65	-14.17
Cash From Operations, 5 Yr. CAGR %	28.86	61.33	117.05	59.75	39.52