Freddie Mac 2015 Annual Report Download - page 292

Financial Statements Notes to the Consolidated Financial Statements | Note 12
Freddie Mac 2015 Form 10-K 290
Year Ended December 31, 2013
Total
Segment
Earnings
(Loss),
Net of Tax
Reconciliation to Consolidated Statements of
Comprehensive Income Total per
Consolidated
Statements of
Comprehensive
Income(in millions)
Single-
family
Guarantee Multifamily Investments All Other Reclassifications Segment Adjustments
Total
Reconciling
Items
Net interest income
(expense) $ 320 $ 1,186 $3,525 $ — $ 5,031 $ 10,400 $ 1,037 $ 11,437 $ 16,468
Benefit (Provision) for
credit losses 1,409 218 — — 1,627 838 — 838 2,465
Non-interest income
(loss):
Management and
guarantee income(1) 4,397 206 — — 4,603 (3,638) (694) (4,332) 271
Net impairment of
available-for-sale
securities recognized
in earnings — (15) (974) — (989) (521) — (521) (1,510)
Derivative gains
(losses) (3) 1,281 5,543 — 6,821 (4,189) — (4,189) 2,632
Gains (losses) on
trading securities — (132)(1,466) — (1,598) — — — (1,598)
Gains (losses) on
loans — (336)—— (336) — — — (336)
Other non-interest
income 1,165 1,350 8,902 — 11,417 (2,357) — (2,357) 9,060
Non-interest expense:
Administrative
expense (1,025) (257)(523) — (1,805) — — — (1,805)
REO operations
(expense) income 124 16 —— 140 — — — 140
Other non-interest
(expense) income (179) (24) 349 (37) 109 (533) — (533) (424)
Segment adjustments (694) — 1,037 — 343 — (343) (343) —
Income tax (expense)
benefit 282 (443)(463)23,929 23,305 — — — 23,305
Net income (loss) 5,796 3,050 15,930 23,892 48,668 — — — 48,668
Changes in unrealized
gains (losses) related to
available-for-sale
securities — (1,604)4,010 — 2,406 — — — 2,406
Changes in unrealized
gains (losses) related to
cash flow hedge
relationships — — 316 — 316 — — — 316
Changes in defined
benefit plans 49 9 31 121 210 — — — 210
Total other
comprehensive income
(loss), net of taxes 49 (1,595)4,357 121 2,932 — — — 2,932
Comprehensive income
(loss) $ 5,845 $ 1,455 $20,287 $24,013 $ 51,600 $ — $ — $ — $ 51,600
(1) Management and guarantee income is included in other income (loss) on our GAAP consolidated statements of comprehensive
income.