Federal Agricultural Mortgage Corporation (AGM)

AGM Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	210.83	207.19	200	178.14	136.09	114.38
Gain on Sale of Loans & Receivables	-21.82	-22.73	-17.03	0.72	10.78	8.34
Loss (Gain) From Sale of Investments	-79.57	213.27	78.25	690	205.45	-240.55
Provision for Credit Losses	16.53	11.49	1.14	0.81	-2.19	8.06
Stock-Based Compensation	8.32	8.09	6.8	4.62	4.31	4.13
Net Decrease (Increase) in Loans Originated / Sold - Operating	30.47	29.22	24.38	33.31	46.97	15.22
Change in Accounts Payable	16.44	13.27	63.95	58.88	-9.53	-22.73
Change in Other Net Operating Assets	93.88	163.18	43.61	-125.6	34.65	-9.3
Other Operating Activities	-9.12	20.73	38.11	32.06	5.15	18.49
Operating Cash Flow	225.64	612.65	375.8	809.27	436.41	-94.55
Operating Cash Flow Growth	-53.53%	63.02%	-53.56%	85.44%	-	-
Capital Expenditures	-0.07	-5.27	-	-	-	-
Investment in Securities	184.97	536.32	-1,155	-1,781	-361.79	-406.26
Net Decrease (Increase) in Loans Originated / Sold - Investing	-2,617	-2,214	-800.47	-1,262	-734.41	-1,334
Other Investing Activities	0.73	-	-	-	-	4.17
Investing Cash Flow	-2,431	-1,682	-1,955	-3,043	-1,096	-1,736
Short-Term Debt Issued	-	59,737	49,291	52,470	61,112	68,549
Long-Term Debt Issued	-	9,134	8,497	9,289	11,173	13,510
Total Debt Issued	82,296	68,871	57,788	61,760	72,286	82,058
Short-Term Debt Repaid	-	-59,308	-48,139	-54,085	-60,743	-68,960
Long-Term Debt Repaid	-	-8,192	-7,964	-5,418	-11,067	-10,920
Total Debt Repaid	-79,815	-67,500	-56,103	-59,504	-71,810	-79,880
Net Debt Issued (Repaid)	2,480	1,371	1,685	2,256	475.8	2,178
Issuance of Preferred Stock	-	-	-	-	121.33	193.16
Preferred Share Repurchases	-75	-75	-	-	-	-60
Issuance of Common Stock	0.32	0.29	0.23	0.19	0.12	0.06
Repurchase of Common Stock	-6.48	-5.35	-3.01	-1.84	-1.31	-0.8
Common Dividends Paid	-63.24	-60.91	-47.65	-41.01	-	-50.65
Preferred Dividends Paid	-22.9	-25.15	-27.17	-27.17	-	-
Total Dividends Paid	-86.14	-86.05	-74.82	-68.17	-61.32	-50.65
Financing Cash Flow	2,313	1,205	1,607	2,186	534.63	2,260
Net Cash Flow	107.37	135.3	27.71	-47.78	-125.16	429.56
Free Cash Flow	225.57	607.37	375.8	809.27	436.41	-94.55
Free Cash Flow Growth	-53.04%	61.62%	-53.56%	85.44%	-	-
Free Cash Flow Margin	61.22%	168.44%	108.52%	265.08%	179.70%	-46.66%
Free Cash Flow Per Share	20.55	55.34	34.36	74.36	40.24	-8.77
Cash Interest Paid	819.96	819.96	582.96	269.33	198.59	283.34
Cash Income Tax Paid	39.2	39.2	48	33.8	36.3	30

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

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