Freddie Mac 2010 Annual Report Download - page 289

QUARTERLY SELECTED FINANCIAL DATA
1Q 2Q 3Q 4Q Full-Year
2010
(in millions, except share-related amounts)
Net interest income. . . . . . . . . . ....................................... $4,125 $ 4,136 $ 4,279 $ 4,316 $ 16,856
Provision for credit losses . . . . . ....................................... (5,396) (5,029) (3,727) (3,066) (17,218)
Non-interest income (loss) . . . . . ....................................... (4,854) (3,627) (2,646) (461) (11,588)
Non-interest expense . . . . . . . . . ....................................... (667) (479) (828) (958) (2,932)
Income tax benefit (expense) . . . ....................................... 103 286 411 56 856
Net (income) loss attributable to noncontrolling interests . . ..................... 1 — — — 1
Net loss attributable to Freddie Mac . . . . . . . . . ............................ $(6,688) $(4,713) $(2,511) $ (113) $(14,025)
Net loss attributable to common stockholders . . . ............................ $(7,980) $(6,009) $(4,069) $(1,716) $(19,774)
Loss per common share:
(1)
Basic. . . . . . ................................................... $ (2.45) $ (1.85) $ (1.25) $ (0.53) $ (6.09)
Diluted . . . . ................................................... $ (2.45) $ (1.85) $ (1.25) $ (0.53) $ (6.09)
1Q 2Q 3Q 4Q Full-Year
2009
(in millions, except share-related amounts)
Net interest income . . .............................................. $ 3,859 $ 4,255 $ 4,462 $ 4,497 $ 17,073
Provision for credit losses . . . ........................................ (8,915) (5,665) (7,973) (6,977) (29,530)
Non-interest income (loss) . . . ........................................ (3,088) 3,215 (1,082) (1,777) (2,732)
Non-interest expense . .............................................. (2,768) (1,688) (965) (1,774) (7,195)
Income tax benefit (expense) . ........................................ 937 184 149 (440) 830
Net (income) loss attributable to noncontrolling interests . . .................... — 1 1 (1) 1
Net loss attributable to Freddie Mac . . . ................................. $ (9,975) $ 302 $(5,408) $(6,472) $(21,553)
Net loss attributable to common stockholders . . . ........................... $(10,353) $ (840) $(6,701) $(7,764) $(25,658)
Loss per common share:
(1)
Basic . . . ..................................................... $ (3.18) $ (0.26) $ (2.06) $ (2.39) $ (7.89)
Diluted . ..................................................... $ (3.18) $ (0.26) $ (2.06) $ (2.39) $ (7.89)
(1) Earnings (loss) per common share is computed independently for each of the quarters presented. Due to the use of weighted average common shares
outstanding when calculating earnings (loss) per share, the sum of the four quarters may not equal the full-year amount. Earnings (loss) per common
share amounts may not recalculate using the amounts in this table due to rounding.
286 Freddie Mac