Summary - Funding Rounds

Founding Date

1992
General Motors Financial is a subsidiary of General Motors

General Motors Financial Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.9b6.5b9.6b12.2b14.0b14.6b

Revenue growth, %

48%

Operating expense total

548.0m567.0m637.0m545.0m

EBIT

1.1b1.6b1.6b

EBIT margin, %

9%11%11%

Interest expense

1.4b1.6b2.1b2.6b3.2b

Investment income

116.0m151.0m173.0m183.0m166.0m

Pre tax profit

815.0m721.0m762.0m1.0b1.7b1.9b

Income tax expense

278.0m191.0m159.0m111.0m323.0m537.0m

Net Income

566.0m537.0m646.0m754.0m661.0m1.6b1.6b

Quarterly

General Motors Financial Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.1b3.0b3.1b3.2b4.3b4.9b3.3b

Accounts Receivable

33.0b36.8b42.2b52.5b53.5b

PP&E

132.0m172.0m219.0m259.0m251.0m226.0m

Goodwill

1.2b1.2b1.2b1.2b1.2b1.2b1.2b

Total Assets

38.0b47.7b65.9b87.8b97.0b109.9b109.2b

Accounts Payable

946.0m1.0b1.2b1.5b1.6b1.9b2.0b

Total Liabilities

40.3b57.9b79.1b86.7b98.3b96.5b

Common Stock

Preferred Stock

Additional Paid-in Capital

4.8b5.8b6.5b6.5b7.5b8.1b8.1b

Retained Earnings

1.5b2.0b2.7b3.4b3.5b4.7b5.7b

Total Equity

6.3b7.4b8.1b10.3b11.7b12.7b

Financial Leverage

6 x6.5 x8.2 x9.4 x9.4 x8.6 x

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

537.5m525.7m307.2m608.8m952.1m1.8b1.3b2.9b1.8b1.1b1.2b1.4b1.5b2.1b2.1b1.6b2.9b3.1b2.6b2.7b5.2b4.0b4.2b4.0b4.5b5.3b3.6b3.2b11.6b6.5b4.7b

Accounts Receivable

8.1b8.6b8.9b9.5b10.0b10.6b11.0b11.5b22.9b29.3b30.5b31.5b31.7b32.5b34.4b35.1b38.7b39.4b41.1b46.9b39.9b40.9b43.8b45.5b48.1b53.2b54.8b54.3b52.8b52.3b55.2b

PP&E

36.6m46.8m46.5m49.5m50.1m52.1m52.1m50.8m121.0m132.0m133.0m150.0m165.0m176.0m202.0m207.0m230.0m245.0m253.0m291.0m

Goodwill

1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b

Total Assets

10.1b12.1b12.3b13.6b14.6b16.3b16.2b18.8b30.6b38.0b39.9b42.4b43.6b49.3b55.3b59.5b72.8b77.6b82.1b94.5b103.5b106.1b101.0b102.6b105.6b111.2b110.8b109.4b115.5b111.3b109.2b

Accounts Payable

946.0m933.0m984.0m990.0m970.0m1.1b1.1b1.2b1.5b1.4b1.5b

Short-term debt

500.5m1.5b1.5b1.5b4.0b

Long-term debt

96.2b92.3b88.8b

Total Debt

500.5m1.5b1.5b1.5b4.0b96.2b92.3b88.8b

Total Liabilities

7.7b8.4b8.5b9.6b10.5b12.0b11.8b14.3b24.7b31.7b33.5b35.7b37.0b42.1b47.8b52.1b64.4b69.1b73.5b85.5b94.4b95.7b90.3b91.6b93.7b99.3b98.4b96.7b104.2b100.3b96.7b

Common Stock

1.4m500.0k500.0

Preferred Stock

Additional Paid-in Capital

321.6m3.5b3.5b3.5b3.5b3.5b3.5b3.5b4.8b4.8b4.8b4.8b4.8b5.8b5.8b5.8b6.5b6.5b6.5b6.5b6.5b7.5b7.5b7.6b8.1b8.1b8.1b8.1b8.1b8.1b8.6b

Retained Earnings

2.2b247.7m356.5m572.4m708.7m832.7m923.3m1.0b1.2b1.5b1.6b1.8b2.0b2.2b2.4b2.5b2.8b3.0b3.2b3.6b3.7b3.9b3.9b4.4b4.8b4.9b5.3b5.8b4.9b4.6b5.5b

Total Equity

2.5b3.7b3.8b4.0b4.2b4.3b4.4b4.5b5.9b6.3b6.4b6.7b6.6b7.2b7.5b7.4b8.4b8.5b8.6b9.0b9.2b10.5b10.7b11.0b11.9b12.0b12.4b12.7b11.3b11.1b12.5b

Financial Leverage

4.1 x3.3 x3.2 x3.4 x3.5 x3.8 x3.7 x4.2 x5.2 x6 x6.2 x6.4 x6.6 x6.9 x7.4 x8 x8.7 x9.2 x9.5 x10.5 x11.3 x10.1 x9.4 x9.3 x8.9 x9.3 x8.9 x8.6 x10.2 x10.1 x8.7 x

General Motors Financial Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

566.0m537.0m646.0m754.0m1.6b1.6b

Depreciation and Amortization

545.0m992.0m2.4b4.8b6.7b7.7b7.5b

Accounts Payable

195.0m133.0m282.0m214.0m153.0m262.0m134.0m

Cash From Operating Activities

1.4b1.6b2.4b4.9b6.8b7.4b8.1b

Purchases of PP&E

(52.0m)(90.0m)(107.0m)(94.0m)(60.0m)(47.0m)

Cash From Investing Activities

(10.5b)(22.3b)(24.8b)(21.9b)(17.5b)(5.0b)

Short-term Borrowings

(16.9b)(15.2b)(20.3b)(27.5b)(23.6b)

Long-term Borrowings

(27.8b)

Dividends Paid

(550.0m)(434.0m)(491.0m)

Cash From Financing Activities

10.8b20.1b20.2b16.3b11.1b(3.5b)

Net Change in Cash

2.0b259.0m341.0m1.2b944.0m(343.0m)

Income Taxes Paid

84.0m

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q1, 2013Q2, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

51.3m173.1m281.9m112.3m248.6m372.5m385.5m105.9m284.0m566.0m1.2b

Depreciation and Amortization

14.6m41.0m72.4m50.6m112.4m178.4m109.6m92.2m545.0m5.7b

Accounts Payable

(9.2m)(500.0k)25.7m19.2m48.2m(21.4m)(8.3m)195.0m

Cash From Operating Activities

144.7m472.6m738.8m296.1m581.7m931.3m1.0b315.2m701.0m1.4b465.0m904.0m1.4b545.0m1.3b2.2b1.2b2.6b3.9b1.4b3.3b5.0b1.7b3.6b5.3b2.1b4.3b6.3b2.2b4.1b6.0b

Purchases of PP&E

(312.0k)(3.5m)(5.9m)(4.0m)(6.7m)(10.9m)(8.4m)(1.4m)(4.0m)(16.0m)(7.0m)(15.0m)(37.0m)(17.0m)(44.0m)(64.0m)(20.0m)(47.0m)(71.0m)(24.0m)

Cash From Investing Activities

(54.6m)(992.9m)(1.6b)(562.9m)(1.3b)(2.2b)(2.1b)(1.1b)(4.5b)(8.1b)(1.7b)(3.7b)(6.2b)(4.5b)(10.0b)(16.4b)(6.8b)(12.3b)(18.5b)(7.1b)(14.0b)(18.1b)(3.6b)(7.9b)(11.7b)(1.6b)(4.3b)(5.3b)(2.7b)(3.2b)(5.0b)

Short-term Borrowings

(2.2b)(3.0b)(778.1m)(1.5b)(1.8b)(3.4b)(11.3m)(7.0b)(13.2b)(4.2b)(8.4b)(13.6b)(2.7b)(7.4b)(10.9b)(5.3b)(10.0b)(14.6b)(4.8b)(11.7b)(20.9b)(6.2b)(13.1b)(18.7b)(7.8b)(14.7b)(21.7b)

Long-term Borrowings

(9.6b)(24.1b)(36.4b)

Dividends Paid

(30.0m)(30.0m)(59.0m)(46.0m)(46.0m)(91.0m)(445.0m)(845.0m)(890.0m)

Cash From Financing Activities

165.2m852.9m934.4m302.3m1.1b2.5b1.5b2.4b4.3b6.5b1.3b3.1b5.3b3.2b8.0b13.0b5.4b9.7b14.1b5.7b13.4b14.7b2.8b4.5b6.8b791.0m(758.0m)(2.5b)7.8b3.0b(370.0m)

Net Change in Cash

255.3m332.6m116.2m35.5m379.9m1.2b380.9m1.6b486.0m(206.0m)89.0m329.0m485.0m(752.0m)(809.0m)(1.2b)(208.0m)3.0m(504.0m)(12.0m)2.7b1.6b831.0m161.0m419.0m1.4b(814.0m)(1.4b)7.3b3.9b589.0m

Interest Paid

145.7m222.0m283.6m90.3m

Income Taxes Paid

4.7m6.7m4.9m40.0k

General Motors Financial Ratios

USDQ1, 2011

Financial Leverage

4.1 x