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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 05/07/2015
Entire Document
 

FANNIE MAE
(In conservatorship)
Condensed Consolidated Statements of Cash Flows — (Unaudited)
(Dollars in millions)

 
For the Three Months Ended March 31,
 
2015
 
2014
Net cash used in operating activities
 
$
(1,249
)
 
 
 
$
(1,321
)
 
Cash flows provided by investing activities:
 
 
 
 
 
 
 
Proceeds from maturities and paydowns of trading securities held for investment
 
296

 
 
 
333

 
Proceeds from sales of trading securities held for investment
 
483

 
 
 
486

 
Proceeds from maturities and paydowns of available-for-sale securities
 
1,232

 
 
 
1,446

 
Proceeds from sales of available-for-sale securities
 
2,171

 
 
 
35

 
Purchases of loans held for investment
 
(44,460
)
 
 
 
(24,486
)
 
Proceeds from repayments and sales of loans acquired as held for investment of Fannie Mae
 
5,348

 
 
 
6,217

 
Proceeds from repayments and sales of loans acquired as held for investment of consolidated trusts
 
124,849

 
 
 
80,610

 
Net change in restricted cash
 
(8,897
)
 
 
 
4,412

 
Advances to lenders
 
(30,804
)
 
 
 
(20,501
)
 
Proceeds from disposition of acquired property and preforeclosure sales
 
5,490

 
 
 
6,329

 
Net change in federal funds sold and securities purchased under agreements to resell or similar arrangements
 
10,720

 
 
 
26,225

 
Other, net
 
154

 
 
 
(385
)
 
Net cash provided by investing activities
 
66,582

 
 
 
80,721

 
Cash flows used in financing activities:
 
 
 
 
 
 
 
Proceeds from issuance of debt of Fannie Mae
 
114,467

 
 
 
69,086

 
Payments to redeem debt of Fannie Mae
 
(126,608
)
 
 
 
(117,058
)
 
Proceeds from issuance of debt of consolidated trusts
 
68,943

 
 
 
58,216

 
Payments to redeem debt of consolidated trusts
 
(118,409
)
 
 
 
(87,643
)
 
Payments of cash dividends on senior preferred stock to Treasury
 
(1,920
)
 
 
 
(7,191
)
 
Other, net
 
31

 
 
 
18

 
Net cash used in financing activities
 
(63,496
)
 
 
 
(84,572
)
 
Net increase (decrease) in cash and cash equivalents
 
1,837

 
 
 
(5,172
)
 
Cash and cash equivalents at beginning of period
 
22,023

 
 
 
19,228

 
Cash and cash equivalents at end of period
 
$
23,860

 
 
 
$
14,056

 
Cash paid during the period for:
 
 
 
 
 
 
 
Interest
 
$
26,235

 
 
 
$
26,567

 
Income taxes
 

 
 
 
425

 














See Notes to Condensed Consolidated Financial Statements

71