FEDERAL AGRICULTURAL MORTGAGE CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.2M | $160.7M | $145.9M | $103.6M | $163.9M | $125.7M | $73.9M | $101.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $16.0M | $15.1M | $13.1M | $12.2M | $11.6M | $11.1M | $9.7M | $8.6M |
| Operating Income | $373.6M | $291.0M | $247.1M | $243.8M | $268.5M | $233.8M | $198.0M | $209.2M |
| Operating Margin | 213.3% | 181.0% | 169.3% | 235.3% | 163.9% | 186.0% | 267.9% | 207.1% |
| Interest Expense | $242.9M | $171.6M | $139.0M | $170.7M | $137.3M | $142.7M | $153.4M | $142.7M |
| Pretax Income | $130.7M | $119.4M | $108.1M | $73.1M | $131.3M | $91.1M | $44.6M | $66.5M |
| Income Tax Expense | $46.4M | $42.1M | $34.2M | $2.8M | $33.8M | $22.2M | $5.8M | $13.8M |
| Net Income | $84.5M | $77.3M | $68.7M | $48.1M | $75.3M | $46.8M | $16.7M | $32.0M |
| Net Margin | 48.2% | 48.1% | 47.1% | 46.4% | 46.0% | 37.2% | 22.5% | 31.7% |
| EPS (Basic) | $6.73 | $6.12 | $4.33 | $3.50 | $6.64 | $4.19 | $1.33 | $2.16 |
| EPS (Diluted) | $6.60 | $5.97 | $4.19 | $3.37 | $6.41 | $3.98 | $1.28 | $2.08 |
| Shares Outstanding (Basic) | 10.6M | 10.5M | 10.9M | 10.9M | 10.8M | 10.5M | 10.3M | 10.2M |
| Shares Outstanding (Diluted) | 10.8M | 10.7M | 11.3M | 11.4M | 11.2M | 11.0M | 10.8M | 10.6M |
| Dividends Per Share | $0.36 | $0.26 | — | $0.56 | $0.48 | $0.40 | $0.20 | $0.20 |