Attached files
| file | filename |
|---|---|
| 8-K - JANUARY 2013 FORM 8-K - NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ | jan2013_8kcorrection.htm |
| EX-99.2 - EXHBIT 99.1 - NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ | exhibit99_2.htm |
| EX-99.1 - EXHBIT 99.1 - NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ | exhibit99_1.htm |
Exhibit 99.3
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(in thousands)
For the three months ended August 31, 2012
|
As filed
|
Adjustment
|
Corrected
|
||||
|
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||
|
Net income
|
$
|
12,646
|
$
|
-
|
$
|
12,646
|
|
Adjustments to reconcile net income to net cash provided by operating activities
|
||||||
|
Amortization of deferred income
|
(3,925)
|
-
|
(3,925)
|
|||
|
Amortization of bond issuance costs and deferred charges
|
1,978
|
-
|
1,978
|
|||
|
Depreciation
|
1,310
|
-
|
1,310
|
|||
|
Provision for loan losses
|
9,122
|
-
|
9,122
|
|||
|
Recovery of guarantee liability
|
(9)
|
-
|
(9)
|
|||
|
Results of operations of foreclosed assets
|
4,765
|
-
|
4,765
|
|||
|
Derivative forward value
|
10,729
|
-
|
10,729
|
|||
|
Changes in operating assets and liabilities:
|
||||||
|
Accrued interest and other receivables
|
14,047
|
-
|
14,047
|
|||
|
Accrued interest payable
|
65,987
|
-
|
65,987
|
|||
|
Other
|
17,162
|
-
|
17,162
|
|||
|
Net cash provided by operating activities
|
133,812
|
-
|
133,812
|
|||
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
||||||
|
Advances made on loans
|
(2,096,528)
|
13,589
|
(2,082,939)
|
|||
|
Principal collected on loans
|
1,526,701
|
-
|
1,526,701
|
|||
|
Net investment in fixed assets
|
(1,381)
|
-
|
(1,381)
|
|||
|
Proceeds from foreclosed assets
|
18,986
|
-
|
18,986
|
|||
|
Investments in foreclosed assets
|
(35,284)
|
-
|
(35,284)
|
|||
|
Net proceeds from sale of loans
|
13,589
|
(13,589)
|
-
|
|||
|
Change in restricted cash
|
(477)
|
-
|
(477)
|
|||
|
Net cash used in investing activities
|
(574,394)
|
-
|
(574,394)
|
|||
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||
|
Proceeds from issuances of short-term debt, net
|
130,301 |
(28,227)
|
102,074
|
|||
|
Proceeds from issuances of short-term debt with original maturity greater than 90 days
|
-
|
128,515
|
128,515
|
|||
|
Repayments of short-term debt with original maturity greater than 90 days
|
-
|
(100,288)
|
(100,288)
|
|||
|
Issuance costs for revolving bank lines of credit
|
(703)
|
-
|
(703)
|
|||
|
Proceeds from issuance of long-term debt
|
973,425
|
-
|
973,425
|
|||
|
Payments for retirement of long-term debt
|
(320,772)
|
-
|
(320,772)
|
|||
|
Proceeds from issuance of members' subordinated certificates
|
46,304
|
-
|
46,304
|
|||
|
Payments for retirement of members' subordinated certificates
|
(4,021)
|
-
|
(4,021)
|
|||
|
Net cash provided by financing activities
|
824,534
|
-
|
824,534
|
|||
|
NET INCREASE IN CASH AND CASH EQUIVALENTS
|
383,952
|
-
|
383,952
|
|||
|
BEGINNING CASH AND CASH EQUIVALENTS
|
191,167
|
-
|
191,167
|
|||
|
ENDING CASH AND CASH EQUIVALENTS
|
$
|
575,119
|
$
|
-
|
$
|
575,119
|
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(in thousands)
For the three months ended August 31, 2011
|
As filed
|
Adjustment
|
Corrected
|
||||
|
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||
|
Net loss
|
$
|
(86,622)
|
$
|
-
|
$
|
(86,622)
|
|
Adjustments to reconcile net loss to net cash provided by operating activities
|
||||||
|
Amortization of deferred income
|
(3,204)
|
-
|
(3,204)
|
|||
|
Amortization of bond issuance costs and deferred charges
|
3,139
|
-
|
3,139
|
|||
|
Depreciation
|
725
|
-
|
725
|
|||
|
Recovery of for loan losses
|
(9,130)
|
-
|
(9,130)
|
|||
|
Recovery of guarantee liability
|
(60)
|
-
|
(60)
|
|||
|
Results of operations of foreclosed assets
|
9,818
|
-
|
9,818
|
|||
|
Derivative forward value
|
111,739
|
-
|
111,739
|
|||
|
Changes in operating assets and liabilities:
|
||||||
|
Accrued interest and other receivables
|
(5,218)
|
-
|
(5,218)
|
|||
|
Accrued interest payable
|
92,974
|
-
|
92,974
|
|||
|
Other
|
17,139
|
-
|
17,139
|
|||
|
Net cash provided by operating activities
|
131,300
|
-
|
131,300
|
|||
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
||||||
|
Advances made on loans
|
(1,685,983)
|
11,339
|
(1,674,644)
|
|||
|
Principal collected on loans
|
2,386,760
|
-
|
2,386,760
|
|||
|
Net investment in fixed assets
|
(5,253)
|
-
|
(5,253)
|
|||
|
Proceeds from foreclosed assets
|
7,004
|
-
|
7,004
|
|||
|
Investments in foreclosed assets
|
(12,036)
|
-
|
(12,036)
|
|||
|
Net proceeds from sale of loans
|
11,339
|
(11,339)
|
-
|
|||
|
Change in restricted cash
|
(478)
|
-
|
(478)
|
|||
|
Net cash used in investing activities
|
701,353
|
-
|
701,353
|
|||
|
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||
|
Repayments of issuances of short-term debt, net
|
(257,784)
|
1,312
|
(256,472)
|
|||
|
Proceeds from issuances of short-term debt with original maturity greater than 90 days
|
-
|
131,969
|
131,969
|
|||
|
Repayments of short-term debt with original maturity greater than 90 days
|
-
|
(133,281)
|
(133,281)
|
|||
|
Proceeds from issuance of long-term debt
|
106,191
|
-
|
106,191
|
|||
|
Payments for retirement of long-term debt
|
(369,925)
|
-
|
(369,925)
|
|||
|
Proceeds from issuance of members' subordinated certificates
|
15,833
|
-
|
15,833
|
|||
|
Payments for retirement of members' subordinated certificates
|
(52,911)
|
-
|
(52,911)
|
|||
|
|
||||||
|
Net cash provided by financing activities
|
(558,596)
|
-
|
(558,596)
|
|||
|
|
||||||
|
NET INCREASE IN CASH AND CASH EQUIVALENTS
|
274,057
|
-
|
274,057
|
|||
|
BEGINNING CASH AND CASH EQUIVALENTS
|
293,615
|
-
|
293,615
|
|||
|
ENDING CASH AND CASH EQUIVALENTS
|
$
|
567,672
|
$
|
-
|
$
|
567,672
|