Freddie Mac 2015 Annual Report Download - page 210

Financial Statements Consolidated Balance Sheets
Freddie Mac 2015 Form 10-K 208
FREDDIE MAC
CONSOLIDATED BALANCE SHEETS
At December 31,
(in millions, except share-related amounts) 2015 2014
Assets
Cash and cash equivalents (Notes 3, 13) $ 5,595 $10,928
Restricted cash and cash equivalents (Notes 3, 13) 14,533 8,535
Securities purchased under agreements to resell (Notes 3, 9) 63,644 51,903
Investments in securities, at fair value (Note 6) 114,215 136,987
Mortgage loans held-for-sale (Notes 3, 4) (includes $17,660 and $12,130 at fair value) 24,992 12,368
Mortgage loans held-for-investment (Notes 3, 4) (net of allowance for loan losses of
$15,331 and $21,761) 1,729,201 1,688,212
Accrued interest receivable (Note 3) 6,074 6,034
Derivative assets, net (Notes 8, 9) 395 822
Real estate owned, net (Notes 3, 5) 1,725 2,558
Deferred tax assets, net (Note 11) 18,205 19,498
Other assets (Notes 3, 17) 7,471 7,694
Total assets $1,986,050 $1,945,539
Liabilities and equity
Liabilities
Accrued interest payable (Note 3) $ 6,183 $6,325
Debt, net (Notes 3, 7) (includes $7,184 and $5,862 at fair value) 1,970,427 1,929,542
Derivative liabilities, net (Notes 8, 9) 1,254 1,963
Other liabilities (Notes 3, 17) 5,246 5,058
Total liabilities 1,983,110 1,942,888
Commitments and contingencies (Notes 3, 8, and 15)
Equity (Note 10)
Senior preferred stock, at redemption value 72,336 72,336
Preferred stock, at redemption value 14,109 14,109
Common stock, $0.00 par value, 4,000,000,000 shares authorized, 725,863,886
shares issued and 650,045,962 shares and 650,043,899 shares outstanding — —
Additional paid-in capital — —
Retained earnings (accumulated deficit) (80,773) (81,639)
AOCI, net of taxes, related to:
Available-for-sale securities (includes $778 and $839, related to net unrealized gains
on securities for which other-than-temporary impairment has been recognized in
earnings) 1,740 2,546
Cash flow hedge relationships (621)(803)
Defined benefit plans 34 (13)
Total AOCI, net of taxes 1,153 1,730
Treasury stock, at cost, 75,817,924 shares and 75,819,987 shares (3,885) (3,885)
Total equity (See Note 10 for information on our dividend obligation to Treasury) 2,940 2,651
Total liabilities and equity $1,986,050 $1,945,539
The table below represents the carrying value and classification of the assets and liabilities of consolidated VIEs on
our consolidated balance sheets.
At December 31,
(in millions) 2015 2014
Consolidated Balance Sheet Line Item
Assets: (Note 3)
Mortgage loans held-for-sale $ 1,403 $—
Mortgage loans held-for-investment 1,625,184 1,558,094
All other assets 37,305 29,798
Total assets of consolidated VIEs $ 1,663,892 $1,587,892
Liabilities: (Note 3)
Debt, net $ 1,556,121 $1,479,473
All other liabilities 4,769 4,703
Total liabilities of consolidated VIEs $ 1,560,890 $1,484,176
The accompanying notes are an integral part of these consolidated financial statements.