Federal Home Loan Mortgage Corporation (FMCC)

FMCC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	115,080	105,363	83,458	61,527	62,340	72,895
Total Interest Expense	95,625	86,821	65,453	43,947	49,569	61,047
Net Interest Income	19,455	18,542	18,005	17,580	12,771	11,848
Gain (Loss) on Sale of Investments	1,163	707	1,969	2,746	1,813	818
Other Revenue	2,338	1,980	1,290	1,625	2,075	1,412
Revenue Before Loan Losses	22,956	21,229	21,264	21,951	16,659	14,078
Provision for Loan Losses	-83	-872	1,841	-1,041	1,452	-746
Revenue	23,039	22,101	19,423	22,992	15,207	14,824
Revenue Growth (YoY)	12.28%	13.79%	-15.52%	51.19%	2.58%	-9.09%
Salaries & Employee Benefits	1,674	1,606	1,509	1,398	1,344	1,434
Cost of Services Provided	-	-	-	-	-	1,130
Other Operating Expenses	6,955	7,296	6,310	6,395	4,634	3,211
Total Operating Expenses	8,629	8,902	7,819	7,793	5,978	5,775
Operating Income	14,410	13,199	11,604	15,199	9,229	9,049
EBT Excluding Unusual Items	14,410	13,199	11,604	15,199	9,229	9,049
Pretax Income	14,410	13,199	11,604	15,199	9,229	9,049
Income Tax Expense	2,860	2,661	2,277	3,090	1,903	1,835
Net Income	11,550	10,538	9,327	12,109	7,326	7,214
Preferred Dividends & Other Adjustments	11,729	10,704	8,985	11,620	7,291	7,787
Net Income to Common	-179	-166	342	489	35	-573
Net Income Growth	23.04%	12.98%	-22.97%	65.29%	1.55%	-21.88%
Shares Outstanding (Basic)	3,234	3,234	3,234	3,234	3,234	3,234
Shares Outstanding (Diluted)	3,234	3,234	3,234	3,234	3,234	3,234
EPS (Basic)	-0.06	-0.05	0.11	0.15	0.01	-0.18
EPS (Diluted)	-0.06	-0.05	0.11	0.15	0.01	-0.18
EPS Growth	-	-	-30.06%	1297.20%	-	-
Free Cash Flow	9,410	7,615	11,925	16,353	907	12,197
Free Cash Flow Per Share	2.91	2.35	3.69	5.06	0.28	3.77
Operating Margin	62.55%	59.72%	59.74%	66.11%	60.69%	61.04%
Profit Margin	-0.78%	-0.75%	1.76%	2.13%	0.23%	-3.87%
Free Cash Flow Margin	40.84%	34.46%	61.40%	71.12%	5.96%	82.28%
Effective Tax Rate	19.85%	20.16%	19.62%	20.33%	20.62%	20.28%

Source: S&P Capital IQ. Financial Services template. Financial Sources.