Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 194

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 194
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 PricewaterhouseCoopers LLP

Washington, District of Columbia

February 13, 2025

We have served as the Company's auditor since 2002.

FREDDIE MAC  |  2024 Form 10-K131

Financial StatementsConsolidated Statements of Income and Comprehensive Income

FREDDIE MAC

Consolidated Statements of Income and Comprehensive Income Year Ended December 31,(In millions, except share-related amounts)202420232022Net interest incomeInterest income$117,877$105,363$83,458Interest expense(98,140)(86,821)(65,453)Net interest income19,737 18,542 18,005 Non-interest incomeGuarantee income1,611 1,615 783 Investment gains, net2,076 707 1,969 Other income488 365 507 Non-interest income4,175 2,687 3,259 Net revenues23,912 21,229 21,264 (Provision) benefit for credit losses(476)872 (1,841)Non-interest expenseSalaries and employee benefits(1,677)(1,606)(1,509)Professional services, technology, and occupancy(1,166)(1,189)(1,079)Credit enhancement expense(2,345)(2,339)(2,118)Benefit for (decrease in) credit enhancement recoveries(36)(189)236 Legislative and regulatory assessments(3,233)(3,131)(3,131)Other expense(201)(448)(218)Non-interest expense(8,658)(8,902)(7,819)Income before income tax expense14,778 13,199 11,604 Income tax expense(2,920)(2,661)(2,277)Net income 11,858 10,538 9,327 Other comprehensive income (loss), net of taxes and reclassification adjustments(5)166 (342)Comprehensive income $11,853 $10,704 $8,985 Net income $11,858 $10,538 $9,327 Amounts attributable to senior preferred stock(11,853)(10,704)(8,985)Net income (loss) attributable to common stockholders$5 ($166)$342 Net income (loss) per common share$0.00 ($0.05)$0