- # 38 FORTUNE 1000 (May 2018)
Company Profile
These siblings know there's no place like home. Government-sponsored enterprises (GSEs) Freddie Mac (officially Federal Home Loan Mortgage Corporation) and Fannie Mae were established to buy residential mortgages and boost the housing market. They do so by purchasing mortgages from lenders and packaging them for resale, thereby mitigating risk and allowing lenders to provide mortgages to those who may not otherwise qualify. The agency also provides assistance for affordable rental housing. Together, Fannie and Freddie guarantee some 70% of all new home loans in the US. Due to losses related to the subprime mortgage crisis, the government seized Fannie and Freddie in 2008. Government plans to divest the firms into private ownership have proven difficult; they remain GSEs.
Financial Statements
- Income Statement
- Cash Flow
- Assets
- Liabilities
- Shareholders Equity
Cash Flow (mil) | 2017 | 2016 | 2015 |
---|---|---|---|
Cash at the beginning of the year | $12369.0 | $5595.0 | $10928.0 |
Net Operating Cash | $5462.0 | $4859.0 | $-934.0 |
Net Investing Cash | $151444.0 | $169228.0 | $178946.0 |
Net Financing Cash | $-162427.0 | $-167313.0 | $-183345.0 |
Capital Expenditure | $ | $ | $ |
Cash at end of the year | $6848.0 | $12369.0 | $5595.0 |
Net Change in Cash | $-5521.0 | $6774.0 | $-5333.0 |
Assets (mil) | 2017 | 2016 | 2015 |
---|---|---|---|
Current Assets | |||
Cash | $6848.0 | $12369.0 | $5595.0 |
Net Receivables | $6355.0 | $6135.0 | $6074.0 |
Inventories | $ | $ | $ |
Other Income Assets | $ | $ | $ |
Asset Summary | |||
Total Current Assets | $ | $ | $ |
Net Fixed Assets | $ | $ | $ |
Other Noncurrent Assets | $ | $ | $ |
Total Assets | $2049776.0 | $2023376.0 | $1985892.0 |
Liabilities (mil) | 2017 | 2016 | 2015 |
---|---|---|---|
Current Liabilities | |||
Accounts Payable | $6221.0 | $6015.0 | $6183.0 |
Short Term Debt | $ | $ | $ |
Other Current Liabilities | $ | $ | $ |
Liability Summary | |||
Total Current Liabilities | $ | $ | $ |
Long Term Debt | $2034630.0 | $2002004.0 | $1970269.0 |
Other Noncurrent Liabilities | $ | $ | $ |
Total Liabilities | $2050088.0 | $2018301.0 | $1982952.0 |
Stakeholder's Equity (mil) | 2017 | 2016 | 2015 |
---|---|---|---|
Equity | |||
Preferred Stock Equity | $86445.0 | $86445.0 | $86445.0 |
Common Stock Equity | $ | $ | $ |
Equity Summary | |||
Total Equity | $-312.0 | $5075.0 | $2940.0 |
Shares Outstanding | 650.05 | 650.05 | 650.05 |
For Your Call
Essential information for a successful call
- EMPLOYEES 6185
- ASSETS (MIL USD) 2049776.0
- SALES (MIL USD) 20692.0
- TICKER SYMBOL FMCC
- Incorporated 1970
- MARKET VALUE (MIL USD) 1,651.1
- SALES GROWTH % 37.12%
- EMPLOYEE GROWTH % 3.01%
- NET INCOME GROWTH -28.02%
Get in Touch with 99 Contacts
-
Donald H. LaytonCEO
-
Christopher S. LynchChairman
-
James G. MackeyEVP and CFO