Company profile


10 Apr 20
3 Jul 20
31 May 21


Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Net income -275.56M 241.59M -322.42M -245.52M
Net change in cash -58.42M -117.02M 53.13M -45.44M
Cash on hand 55.62M 114.03M 231.05M 177.92M
Annual (USD) May 19 May 18 May 17 May 16
Net income -149.23M 455.19M 309.91M -49.65M
Net change in cash -53.08M 64.38M -37.93M -44.3M
Cash on hand 177.92M 231M 166.62M 204.54M

Financial data from company earnings reports

Financial report summary

  • If we are unable to access the capital markets or other external sources for funding, our liquidity position may be negatively affected and we may not have sufficient funds to meet all of our financial obligations as they become due.
  • A reduction in the credit ratings for our debt could adversely affect our liquidity and/or cost of debt.
  • Our ability to maintain compliance with the covenants related to our revolving credit agreements, collateral trust bond and medium-term note indentures and debt agreements could affect our ability to retire patronage capital, result in the acceleration of the repayment of certain debt obligations, adversely impact our credit ratings and hinder our ability to obtain financing.
  • Changes in the level and direction of interest rates or our ability to successfully manage interest rate risk could adversely affect our financial results and condition.
  • The uncertainty as to the nature of potential changes or other reforms in the London Interbank Offered Rate (“LIBOR”) benchmark interest rate may adversely affect our financial condition and results of operations.
  • We are subject to credit risk that a borrower or other counterparty may not be able to meet its contractual obligations in accordance with agreed-upon terms, which could result in significantly higher, unexpected losses.
  • Adverse changes, developments or uncertainties in the rural electric utility industry could adversely impact the operations or financial performance of our member electric cooperatives, which, in turn, could have an adverse impact on our financial results.
  • We may obtain entities or other assets through foreclosure, which would subject us to the same performance and financial risks as any other owner or operator of similar businesses or assets.
  • The nonperformance of our derivative counterparties could impair our financial results.
  • A decline in our credit rating could trigger payments under our derivative agreements, which could impair our financial results.
  • Advances in technology may change the way electricity is generated and transmitted, which could adversely affect the business operations of our members and negatively impact the credit quality of our loan portfolio and financial results.
  • Breaches of our information technology systems, or those managed by third parties, may damage relationships with our members or subject us to reputational, financial, legal or operational consequences.
  • Loss of our tax-exempt status could adversely affect our earnings.
  • As a tax-exempt cooperative and nonbank financial institution, our lending activities are not subject to the regulations and oversight of U.S. financial regulators such as the Federal Reserve, the Federal Deposit Insurance Corporation or the Office of Comptroller of Currency. Because we are not under the purview of such regulation, we could engage in activities that could expose us to greater credit, market and liquidity risk, reduce our safety and soundness and adversely affect our financial results.
  • Competition from other lenders could adversely impact our financial results.
  • Our elected directors also serve as officers or directors of certain of our individual member cooperatives, which may result in a potential conflict of interest with respect to loans, guarantees and extensions of credit that we may make to or on behalf of such member cooperatives.
Content analysis ?
H.S. sophomore Avg
New words: abandon, ABS, administered, aggressive, Aid, approach, assurance, attention, basic, bill, bolstering, broader, calm, CECL, climate, closure, comply, compromised, creation, cushion, cutting, decision, deliver, disaster, Disease, disrupt, disruption, distancing, divert, drafting, duration, ease, eased, economy, effort, elevated, emerge, emergency, enhance, escalation, evolving, extreme, factor, FEMA, flexibility, FOMC, fraud, fulfilling, functionality, health, home, implementation, implemented, implementing, imposed, inability, intensified, interrupted, interruption, light, likewise, load, local, occurrence, Open, operationally, orderly, outbreak, pandemic, parallel, Paycheck, platform, precautionary, predicted, President, pressure, prolonged, promptly, Protection, recession, recommended, relief, remotely, restore, revise, revised, revising, safeguard, safety, site, situation, size, small, social, statewide, stay, strain, Subtopic, suffer, suspended, telecommuting, terrorism, testing, Topic, travel, trillion, turmoil, twelve, unexpected, unknowable, unveiled, validating, vendor, vulnerable, war, weather, widespread, world, worldwide
Removed: accessing, aim, anticipation, aware, continuing, expanded, expectation, fuel, mature, roll, slight, target


No filings