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SEC Filings

10-Q
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE filed this Form 10-Q on 11/02/2018
Entire Document
 
 
 Financial Statements | Condensed Consolidated Statements of Cash Flows


FANNIE MAE
(In conservatorship)
Condensed Consolidated Statements of Cash Flows — (Unaudited)
(Dollars in millions)
 
For the Nine Months Ended September 30,
 
2018
 
2017
Net cash provided by (used in) operating activities
 
$
(1,796
)
 
 
 
$
172

 
Cash flows provided by investing activities:
 
 
 
 
 
 
 
Proceeds from maturities and paydowns of trading securities held for investment
 
163

 
 
 
1,088

 
Proceeds from sales of trading securities held for investment
 
96

 
 
 
149

 
Proceeds from maturities and paydowns of available-for-sale securities
 
564

 
 
 
1,671

 
Proceeds from sales of available-for-sale securities
 
729

 
 
 
1,207

 
Purchases of loans held for investment
 
(135,913
)
 
 
 
(142,565
)
 
Proceeds from repayments of loans acquired as held for investment of Fannie Mae
 
11,651

 
 
 
17,721

 
Proceeds from sales of loans acquired as held for investment of Fannie Mae
 
10,637

 
 
 
5,399

 
Proceeds from repayments and sales of loans acquired as held for investment of consolidated trusts
 
306,374

 
 
 
323,424

 
Advances to lenders
 
(83,643
)
 
 
 
(89,348
)
 
Proceeds from disposition of acquired property and preforeclosure sales
 
7,090

 
 
 
9,671

 
Net change in federal funds sold and securities purchased under agreements to resell or similar arrangements
 
(7,128
)
 
 
 
6,675

 
Other, net
 
(56
)
 
 
 
344

 
Net cash provided by investing activities
 
110,564

 
 
 
135,436

 
Cash flows used in financing activities:
 
 
 
 
 
 
 
Proceeds from issuance of debt of Fannie Mae
 
636,466

 
 
 
776,380

 
Payments to redeem debt of Fannie Mae
 
(666,888
)
 
 
 
(809,299
)
 
Proceeds from issuance of debt of consolidated trusts
 
278,357

 
 
 
282,433

 
Payments to redeem debt of consolidated trusts
 
(364,942
)
 
 
 
(383,969
)
 
Payments of cash dividends on senior preferred stock to Treasury
 
(5,397
)
 
 
 
(11,367
)
 
Proceeds from senior preferred stock purchase agreement with Treasury
 
3,687

 
 
 

 
Other, net
 
720

 
 
 
88

 
Net cash used in financing activities
 
(117,997
)
 
 
 
(145,734
)
 
Net decrease in cash, cash equivalents and restricted cash
 
(9,229
)
 
 
 
(10,126
)
 
Cash, cash equivalents and restricted cash at beginning of period
 
60,260

 
 
 
62,177

 
Cash, cash equivalents and restricted cash at end of period
 
$
51,031

 
 
 
$
52,051

 
Cash paid during the period for:
 
 
 
 
 
 
 
Interest
 
$
82,010

 
 
 
$
82,652

 
Income taxes
 
460

 
 
 
1,670

 



















See Notes to Condensed Consolidated Financial Statements

Fannie Mae (In conservatorship) Third Quarter 2018 Form 10-Q
54