Fannie Mae 2009 Annual Report Download - page 74

Item 6. Selected Financial Data
The selected consolidated financial data presented below is summarized from our results of operations for the
five-year period ended December 31, 2009, as well as selected consolidated balance sheet data as of the end
of each year within this five-year period. Certain prior period amounts have been reclassified to conform to
the current period presentation. This data should be reviewed in conjunction with the audited consolidated
financial statements and related notes and with the MD&A included in this annual report on Form 10-K.
2009 2008 2007 2006 2005
(Dollars in millions, except per share amounts)
For the Year Ended December 31,
Statement of operations data:
(1)
Net interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,510 $ 8,782 $ 4,581 $ 6,752 $ 11,505
Guaranty fee income . . . . . . . . . . . . . . . . . . . . . . . . . . 7,211 7,621 5,071 4,250 4,006
Losses on certain guaranty contracts . . . . . . . . . . . . . . . — — (1,424) (439) (146)
Net other-than-temporary impairments . . . . . . . . . . . . . . (9,861) (6,974) (814) (853) (1,246)
Investment gains (losses), net . . . . . . . . . . . . . . . . . . . . 1,458 (246) (53) 162 354
Trust management income
(2)
..................... 40 261 588 111 —
Fair value losses, net
(3)
. . . . . . . . . . . . . . . . . . . . . . . . . (2,811) (20,129) (4,668) (1,744) (4,013)
Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . (2,207) (1,979) (2,669) (3,076) (2,115)
Credit-related expenses
(4)
. . . . . . . . . . . . . . . . . . . . . . . (73,536) (29,809) (5,012) (783) (428)
Other income (expenses), net
(5)
. . . . . . . . . . . . . . . . . . . (6,327) (1,004) (87) 244 (98)
(Provision) benefit for federal income taxes . . . . . . . . . . 985 (13,749) 3,091 (166) (1,277)
Net (loss) income attributable to Fannie Mae . . . . . . 71,969 (58,707) (2,050) 4,059 6,347
Preferred stock dividends and issuance costs at
redemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,474) (1,069) (513) (511) (486)
Net (loss) income attributable to common
stockholders . . . . . . . . . . . . . . . . . . . . . . . . . . . (74,443) (59,776) (2,563) 3,548 5,861
Per common share data:
Earnings (loss) per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (13.11) $ (24.04) $ (2.63) $ 3.65 $ 6.04
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13.11) (24.04) (2.63) 3.65 6.01
Weighted-average common shares outstanding:
(6)
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,680 2,487 973 971 970
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,680 2,487 973 972 998
Cash dividends declared per share . . . . . . . . . . . . . . . . . $ — $ 0.75 $ 1.90 $ 1.18 $ 1.04
New business acquisition data:
Fannie Mae MBS issues acquired by third parties
(7)
. . . . . $496,067 $434,711 $563,648 $417,471 $465,632
Mortgage portfolio purchases
(8)
. . . . . . . . . . . . . . . . . . . 327,578 196,645 182,471 185,507 146,640
New business acquisitions . . . . . . . . . . . . . . . . . . . . . $823,645 $631,356 $746,119 $602,978 $612,272
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