|
|
DIF
Income Statement - Fourth Quarter 2010
Fund Financial Results |
($
in millions) |
Income
Statement |
|
Unaudited 12/31/2010 |
Unaudited 9/30/2010 |
Quarterly Change |
Audited 12/31/2009 |
Year-Over-Year Change |
Assessments earned |
$13,610 |
$10,112 |
$3,498 |
$17,717 |
($4,107) |
Systemic risk revenue |
(673) |
(418) |
(255) |
1,722 |
(2,395) |
Interest earned on U.S. Treasury obligations |
205 |
166 |
39 |
704 |
(499) |
Realized gain on sale of securities |
- |
- |
- |
1,389 |
(1,389) |
Other revenue |
238 |
173 |
65 |
3,174 |
(2,936) |
Total Revenue |
$13,380 |
$10,033 |
$3,347 |
$24,706 |
($11,326) |
Operating expenses (includes depreciation expense) |
1,593 |
1,141 |
452 |
1,271 |
322 |
Systemic risk expenses |
(673) |
(418) |
(255) |
1,722 |
(2,395) |
Provision for insurance losses |
(848) |
(3,294) |
2,446 |
57,712 |
(58,560) |
Other expenses |
3 |
2 |
1 |
4 |
(1) |
Total Expenses & Losses |
$75 |
($2,569) |
$2,644 |
$60,709 |
($60,634) |
Net Income/(Loss) |
13,305 |
12,602 |
703 |
(36,003) |
49,308 |
Unrealized gain/(loss) on U.S. Treasury investments, net |
(115) |
(102) |
(13) |
(2,108) |
1,993 |
Unrealized gain/(loss) on trust preferred securities |
336 |
353 |
(17) |
- |
336 |
Unrealized postretirement benefit gain/(loss) |
(16) |
- |
(16) |
(27) |
11 |
YTD Comprehensive Income/(Loss) |
$13,510 |
$12,853 |
$657 |
($38,138) |
$51,648 |
Quarterly DIF Cash Flows in 2010 ($ in millions) |
|
Cash Inflows |
Cash Outflows |
Net Cash Flow |
1st
Qtr 2010 |
3,767 |
(6,934) |
(3,167) |
2nd
Qtr 2010 |
1,051 |
(20,369) |
(19,318) |
3rd Qtr 2010
|
4,665 |
(5,069) |
(404) |
4th
Qtr 2010 |
5,221 |
(2,727) |
2,494 |
|