NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
For the period ended Nov 30, 2024. Filed Jan 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2024 · Filed Jan 13, 2025
NRUC$19.67-1.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
| (Dollars in thousands) | YTD FY2025 | YTD FY2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | $(19,523) | $376,319 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Amortization of deferred loan fees | (1,579) | (3,313) |
| Amortization of debt issuance costs and discounts | 16,440 | 14,441 |
| Amortization of guarantee fee | 9,745 | 10,293 |
| Depreciation and amortization | 6,160 | 5,339 |
| Provision for credit losses | 1,823 | 1,428 |
| Loss on early extinguishment of debt | 40 | 965 |
| Unrealized gains on equity and debt securities | (7,070) | (7,763) |
| Derivative forward value (gains) losses | 147,754 | (240,189) |
| Advances on loans held for sale | (193,500) | (103,000) |
| Proceeds from sales of loans held for sale | 194,000 | 103,000 |
| Changes in operating assets and liabilities: | ||
| Accrued interest receivable | (77,539) | (15,768) |
| Accrued interest payable | 21,128 | 24,101 |
| Deferred income | (366) | 162 |
| Other | 3,027 | (19,730) |
| Net cash provided by operating activities | 100,540 | 146,285 |
| Cash flows from investing activities: | ||
| Advances on loans held for investment, net | (1,070,890) | (1,019,856) |
| Investments in fixed assets, net | (2,378) | (2,683) |
| Investments in time deposits | — | (400,000) |
| Proceeds from sales and maturities of trading securities | 99,877 | 98,276 |
| Proceeds from redemption of equity securities | 25,000 | — |
| Net cash used in investing activities | (948,391) | (1,324,263) |
| Cash flows from financing activities: | ||
| Proceeds from short-term borrowings ≤ 90 days, net | 761,284 | 142,262 |
| Proceeds from short-term borrowings with original maturity > 90 days | 1,014,796 | 1,907,790 |
| Repayments of short-term borrowings with original maturity > 90 days | (1,616,367) | (1,434,744) |
| Payments for issuance costs for revolving bank lines of credit | — | (2,520) |
| Proceeds from issuance of long-term debt, net of discount and issuance costs | 1,925,084 | 1,746,718 |
| Payments for retirement of long-term debt | (1,120,733) | (1,065,348) |
| Payments for issuance costs for subordinated deferrable debt | — | (185) |
| Payments for retirement of subordinated deferrable debt | — | (100,000) |
| Proceeds from issuance of members’ subordinated certificates | 6 | 98 |
| Payments for retirement of members’ subordinated certificates | (2,292) | (14,405) |
| Payments for retirement of patronage capital | (46,846) | (69,053) |
| Net cash provided by financing activities | 914,932 | 1,110,613 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 67,081 | (67,365) |
| Beginning cash, cash equivalents and restricted cash | 288,341 | 207,237 |
| Ending cash, cash equivalents and restricted cash | $355,422 | $139,872 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $671,002 | $605,943 |
| Cash paid for income taxes | 432 | 361 |
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