Freddie Mac 2015 Annual Report Download - page 331

Quarterly Selected Financial Data
Freddie Mac 2015 Form 10-K 329
QUARTERLY SELECTED FINANCIAL DATA
(UNAUDITED)
2015
(in millions, except share-related amounts) 1Q 2Q 3Q 4Q Full-Year
Net interest income $3,647 $3,969 $3,743 $3,587 $14,946
Benefit (provision) for credit losses 499 857 528 781 2,665
Non-interest income (loss):
Derivative gains (losses) (2,403) 3,135 (4,172) 744 (2,696)
Net impairments of available-for-sale
securities recognized in earnings (93) (98)(54)(47)(292)
Other non-interest income (loss) 349 (496)385 (849)(611)
Non-interest income (loss) (2,147) 2,541 (3,841) (152)(3,599)
Non-interest expense:
Administrative expense (451)(501)(465)(510)(1,927)
REO operations income (expense) (75) (52)(116)(95)(338)
Temporary Payroll Tax Cut Continuation Act
of 2011 expense (222)(235)(248)(262)(967)
Other non-interest expense (463)(501)(270)(272)(1,506)
Non-interest expense (1,211) (1,289) (1,099) (1,139) (4,738)
Income tax (expense) benefit (264) (1,909) 194 (919)(2,898)
Net income (loss) $ 524 $ 4,169 $(475) $ 2,158 $6,376
Total other comprehensive income (loss), net
of taxes $ 222 $ (256) $ (26) $ (517) $ (577)
Comprehensive income (loss) $ 746 $ 3,913 $(501) $ 1,641 $5,799
Income (loss) attributable to common
stockholders $(222) $ 256 $(475) $ 418 $(23)
Income (loss) per common share – basic and
diluted(1) $ (0.07) $ 0.08 $(0.15) $ 0.13 $(0.01)