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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 2,224 $ 3,007 $ 1,373
Adjustments to reconcile net income/(loss) to net cash provided by operations      
Provision for credit losses 532 588 547
Depreciation and amortization 4,735 4,928 5,121
Amortization of upfront interest supplements (2,041) (1,686) (1,341)
Net change in deferred income taxes 259 (923) 340
Net change in other assets (276) (606) (413)
Net change in other liabilities 115 480 462
All other operating activities 155 (123) 142
Net cash provided by/(used in) operating activities 5,703 5,665 6,231
Cash flows from investing activities      
Purchases of finance receivables (44,384) (43,232) (37,494)
Principal collections of finance receivables 42,553 37,277 30,924
Purchases of operating lease vehicles (14,306) (12,780) (14,441)
Liquidations of operating lease vehicles 9,223 8,538 7,920
Net change in wholesale receivables and other (2,661) (874) (1,499)
Purchases of marketable securities (3,632) (5,899) (7,289)
Proceeds from sales and maturities of marketable securities 5,171 6,316 6,756
Settlements of derivatives 226 (117) 215
All other investing activities 102 (30) (105)
Net cash provided by/(used in) investing activities (7,708) (10,801) (15,013)
Cash flows from financing activities      
Proceeds from issuances of long-term debt 49,954 44,994 42,971
Principal payments on long-term debt (42,530) (39,372) (38,000)
Change in short-term debt, net (2,263) 1,195 3,403
Cash distributions to parent (2,723) (406) 0
All other financing activities (151) (105) (103)
Net cash provided by/(used in) financing activities 2,287 6,306 8,271
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (217) 327 (246)
Cash, cash equivalents and restricted cash at January 1 (Note 3) 9,747 9,682 8,185
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 65 1,497 (757)
Cash, cash equivalents and restricted cash at December 31 (Note 3) $ 9,747 $ 9,682 $ 8,185