Freddie Mac 2015 Annual Report Download - page 332

Quarterly Selected Financial Data
Freddie Mac 2015 Form 10-K 330
2014
(in millions, except share-related amounts) 1Q 2Q 3Q 4Q Full-Year
Net interest income $3,510 $3,503 $3,663 $3,587 $14,263
Benefit (provision) for credit losses (85) 618 (574)(17)(58)
Non-interest income (loss):
Derivative gains (losses) (2,351) (1,926) (617) (3,397) (8,291)
Net impairments of available-for-sale
securities recognized in earnings (364)(157)(166)(251)(938)
Other non-interest income 5,826 677 1,547 1,066 9,116
Non-interest income (loss) 3,111 (1,406) 764 (2,582) (113)
Non-interest expense:
Administrative expenses (468)(453)(472)(488)(1,881)
REO operations income (expense) (59) 50 (103)(84)(196)
Temporary Payroll Tax Cut Continuation Act
of 2011 expense (178)(187)(198)(212)(775)
Other non-interest expense (66) (90)(43)(39)(238)
Non-interest expense (771)(680)(816)(823)(3,090)
Income tax (expense) benefit (1,745) (673)(956) 62 (3,312)
Net income $4,020 $1,362 $2,081 $227 $7,690
Total other comprehensive income, net of
taxes $ 479 $ 528 $705 $ 24 $ 1,736
Comprehensive income $ 4,499 $1,890 $2,786 $251 $9,426
Income (loss) attributable to common
stockholders $(479) $ (528) $ (705) $ (624) $ (2,336)
Income (loss) per common share – basic and
diluted(1) $ (0.15) $ (0.16) $ (0.22) $ (0.19) $ (0.72)
(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 shown in this table
due to rounding.