Parent and Guarantor Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Statements of Comprehensive Income



Year ended December 31, 2018 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(40	)	$	—		$	6,728		$	—		$	6,688
Interest and fees on finance receivables and loans — intercompany	12			—			5			(17		)	—
Interest on loans held-for-sale	—			—			15			—			15
Interest and dividends on investment securities and other earning assets	—			—			789			(1		)	788
Interest on cash and cash equivalents	8			—			64			—			72
Interest-bearing cash — intercompany	8			—			9			(17		)	—
Operating leases	5			—			1,484			—			1,489
Total financing (loss) revenue and other interest income	(7		)	—			9,094			(35		)	9,052
Interest expense
Interest on deposits	—			—			1,735			—			1,735
Interest on short-term borrowings	44			—			105			—			149
Interest on long-term debt	1,009			—			744			—			1,753
Interest on intercompany debt	15			—			20			(35		)	—
Total interest expense	1,068			—			2,604			(35		)	3,637
Net depreciation expense on operating lease assets	8			—			1,017			—			1,025
Net financing (loss) revenue	(1,083		)	—			5,473			—			4,390
Cash dividends from subsidiaries
Bank subsidiary	2,600			2,600			—			(5,200		)	—
Nonbank subsidiaries	443			—			—			(443		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			1,022			—			1,022
Gain on mortgage and automotive loans, net	70			—			9			(54		)	25
Other gain on investments, net	—			—			(50		)	—			(50		)
Other income, net of losses	411			—			770			(764		)	417
Total other revenue	481			—			1,751			(818		)	1,414
Total net revenue	2,441			2,600			7,224			(6,461		)	5,804
Provision for loan losses	176			—			796			(54		)	918
Noninterest expense
Compensation and benefits expense	83			—			1,072			—			1,155
Insurance losses and loss adjustment expenses	—			—			295			—			295
Other operating expenses	681			—			1,897			(764		)	1,814
Total noninterest expense	764			—			3,264			(764		)	3,264
Income from continuing operations before income tax (benefit) expense and undistributed (loss) income of subsidiaries	1,501			2,600			3,164			(5,643		)	1,622
Income tax (benefit) expense from continuing operations	(300		)	—			659			—			359
Net income from continuing operations	1,801			2,600			2,505			(5,643		)	1,263
(Loss) income from discontinued operations, net of tax	(2		)	—			2			—			—
Undistributed (loss) income of subsidiaries
Bank subsidiary	(614		)	(614		)	—			1,228			—
Nonbank subsidiaries	78			—			—			(78		)	—
Net income	1,263			1,986			2,507			(4,493		)	1,263
Other comprehensive loss, net of tax	(289		)	(243		)	(308		)	551			(289		)
Comprehensive income	$	974		$	1,743		$	2,199		$	(3,942	)	$	974



Year ended December 31, 2017 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(27	)	$	—		$	5,846		$	—		$	5,819
Interest and fees on finance receivables and loans — intercompany	12			—			6			(18		)	—
Interest and dividends on investment securities and other earning assets	—			—			601			(2		)	599
Interest on cash and cash equivalents	7			—			30			—			37
Interest-bearing cash — intercompany	4			—			7			(11		)	—
Operating leases	11			—			1,856			—			1,867
Total financing revenue and other interest income	7			—			8,346			(31		)	8,322
Interest expense
Interest on deposits	3			—			1,078			(4		)	1,077
Interest on short-term borrowings	60			—			67			—			127
Interest on long-term debt	1,101			—			552			—			1,653
Interest on intercompany debt	15			—			12			(27		)	—
Total interest expense	1,179			—			1,709			(31		)	2,857
Net depreciation expense on operating lease assets	11			—			1,233			—			1,244
Net financing (loss) revenue	(1,183		)	—			5,404			—			4,221
Cash dividends from subsidiaries
Bank subsidiary	3,300			3,300			—			(6,600		)	—
Nonbank subsidiaries	752			—			—			(752		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			973			—			973
Gain on mortgage and automotive loans, net	40			—			28			—			68
Other gain on investments, net	—			—			102			—			102
Other income, net of losses	675			—			834			(1,108		)	401
Total other revenue	715			—			1,937			(1,108		)	1,544
Total net revenue	3,584			3,300			7,341			(8,460		)	5,765
Provision for loan losses	465			—			683			—			1,148
Noninterest expense
Compensation and benefits expense	180			—			915			—			1,095
Insurance losses and loss adjustment expenses	—			—			332			—			332
Other operating expenses	899			—			1,892			(1,108		)	1,683
Total noninterest expense	1,079			—			3,139			(1,108		)	3,110
Income from continuing operations before income tax expense and undistributed (loss) income of subsidiaries	2,040			3,300			3,519			(7,352		)	1,507
Income tax expense from continuing operations	337			—			244			—			581
Net income from continuing operations	1,703			3,300			3,275			(7,352		)	926
Income (loss) from discontinued operations, net of tax	7			—			(4		)	—			3
Undistributed (loss) income of subsidiaries
Bank subsidiary	(1,168		)	(1,168		)	—			2,336			—
Nonbank subsidiaries	387			—			—			(387		)	—
Net income	929			2,132			3,271			(5,403		)	929
Other comprehensive income, net of tax	106			65			104			(169		)	106
Comprehensive income	$	1,035		$	2,197		$	3,375		$	(5,572	)	$	1,035



Year ended December 31, 2016 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Financing revenue and other interest income
Interest and fees on finance receivables and loans	$	(104	)	$	—		$	5,266		$	—		$	5,162
Interest and fees on finance receivables and loans — intercompany	11			—			8			(19		)	—
Interest and dividends on investment securities and other earning assets	—			—			421			(3		)	418
Interest on cash and cash equivalents	5			—			9			—			14
Interest-bearing cash — intercompany	—			—			9			(9		)	—
Operating leases	17			—			2,694			—			2,711
Total financing (loss) revenue and other interest income	(71		)	—			8,407			(31		)	8,305
Interest expense
Interest on deposits	8			—			822			—			830
Interest on short-term borrowings	40			—			17			—			57
Interest on long-term debt	1,161			—			581			—			1,742
Interest on intercompany debt	20			—			11			(31		)	—
Total interest expense	1,229			—			1,431			(31		)	2,629
Net depreciation expense on operating lease assets	14			—			1,755			—			1,769
Net financing (loss) revenue	(1,314		)	—			5,221			—			3,907
Cash dividends from subsidiaries
Nonbank subsidiaries	965			—			—			(965		)	—
Other revenue
Insurance premiums and service revenue earned	—			—			945			—			945
(Loss) gain on mortgage and automotive loans, net	(11		)	—			22			—			11
Other gain on investments, net	—			—			176			9			185
Other income, net of losses	1,250			—			935			(1,796		)	389
Total other revenue	1,239			—			2,078			(1,787		)	1,530
Total net revenue	890			—			7,299			(2,752		)	5,437
Provision for loan losses	408			—			509			—			917
Noninterest expense
Compensation and benefits expense	573			—			419			—			992
Insurance losses and loss adjustment expenses	—			—			342			—			342
Other operating expenses	1,261			—			2,130			(1,786		)	1,605
Total noninterest expense	1,834			—			2,891			(1,786		)	2,939
(Loss) income from continuing operations before income tax (benefit) expense and undistributed income (loss) of subsidiaries	(1,352		)	—			3,899			(966		)	1,581
Income tax (benefit) expense from continuing operations	(279		)	(82		)	831			—			470
Net (loss) income from continuing operations	(1,073		)	82			3,068			(966		)	1,111
Loss from discontinued operations, net of tax	(39		)	—			(5		)	—			(44		)
Undistributed income (loss) of subsidiaries
Bank subsidiary	1,273			1,273			—			(2,546		)	—
Nonbank subsidiaries	906			(2		)	—			(904		)	—
Net income	1,067			1,353			3,063			(4,416		)	1,067
Other comprehensive loss, net of tax	(110		)	(63		)	(106		)	169			(110		)
Comprehensive income	$	957		$	1,290		$	2,957		$	(4,247	)	$	957

Condensed Balance Sheet

Condensed Consolidating Balance Sheet



December 31, 2018 ($ in millions)	Parent			Guarantors		Nonguarantors			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	55		$	—	$	755		$	—		$	810
Interest-bearing	5			—		3,722			—			3,727
Interest-bearing — intercompany	1,249			—		521			(1,770		)	—
Total cash and cash equivalents	1,309			—		4,998			(1,770		)	4,537
Equity securities	—			—		773			—			773
Available-for-sale securities	—			—		25,303			—			25,303
Held-to-maturity securities	—			—		2,382			(20		)	2,362
Loans held-for-sale, net	—			—		314			—			314
Finance receivables and loans, net
Finance receivables and loans, net	2,349			—		127,577			—			129,926
Intercompany loans to
Nonbank subsidiaries	882			—		397			(1,279		)	—
Allowance for loan losses	(55		)	—		(1,187		)	—			(1,242		)
Total finance receivables and loans, net	3,176			—		126,787			(1,279		)	128,684
Investment in operating leases, net	5			—		8,412			—			8,417
Intercompany receivables from
Bank subsidiary	158			—		—			(158		)	—
Nonbank subsidiaries	45			—		129			(174		)	—
Investment in subsidiaries
Bank subsidiary	16,213			16,213		—			(32,426		)	—
Nonbank subsidiaries	6,928			—		—			(6,928		)	—
Premiums receivable and other insurance assets	—			—		2,326			—			2,326
Other assets	2,226			—		5,453			(1,526		)	6,153
Total assets	$	30,060		$	16,213	$	176,877		$	(44,281	)	$	178,869
Liabilities and equity
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	142		$	—		$	142
Interest-bearing	1			—		106,035			—			106,036
Interest-bearing — intercompany	—			—		1,249			(1,249		)	—
Total deposit liabilities	1			—		107,426			(1,249		)	106,178
Short-term borrowings	2,477			—		7,510			—			9,987
Long-term debt	12,774			—		31,419			—			44,193
Intercompany debt to
Bank subsidiary	20			—		—			(20		)	—
Nonbank subsidiaries	918			—		882			(1,800		)	—
Intercompany payables to
Bank subsidiary	45			—		—			(45		)	—
Nonbank subsidiaries	124			—		129			(253		)	—
Interest payable	159			—		364			—			523
Unearned insurance premiums and service revenue	—			—		3,044			—			3,044
Accrued expenses and other liabilities	274			—		2,962			(1,560		)	1,676
Total liabilities	16,792			—		153,736			(4,927		)	165,601
Total equity	13,268			16,213		23,141			(39,354		)	13,268
Total liabilities and equity	$	30,060		$	16,213	$	176,877		$	(44,281	)	$	178,869



December 31, 2017 ($ in millions)	Parent			Guarantors		Nonguarantors			Consolidating adjustments			Ally consolidated
Assets
Cash and cash equivalents
Noninterest-bearing	$	74		$	—	$	770		$	—		$	844
Interest-bearing	5			—		3,403			—			3,408
Interest-bearing — intercompany	1,138			—		695			(1,833		)	—
Total cash and cash equivalents	1,217			—		4,868			(1,833		)	4,252
Equity securities	—			—		518			—			518
Available-for-sale securities	—			—		22,303			—			22,303
Held-to-maturity securities	—			—		1,973			(74		)	1,899
Loans held-for-sale, net	—			—		108			—			108
Finance receivables and loans, net
Finance receivables and loans, net	7,434			—		115,459			—			122,893
Intercompany loans to
Nonbank subsidiaries	879			—		408			(1,287		)	—
Allowance for loan losses	(185		)	—		(1,091		)	—			(1,276		)
Total finance receivables and loans, net	8,128			—		114,776			(1,287		)	121,617
Investment in operating leases, net	19			—		8,722			—			8,741
Intercompany receivables from
Bank subsidiary	80			—		—			(80		)	—
Nonbank subsidiaries	71			—		77			(148		)	—
Investment in subsidiaries
Bank subsidiary	16,962			16,962		—			(33,924		)	—
Nonbank subsidiaries	8,111			—		—			(8,111		)	—
Premiums receivable and other insurance assets	—			—		2,082			(35		)	2,047
Other assets	2,207			—		5,105			(1,649		)	5,663
Total assets	$	36,795		$	16,962	$	160,532		$	(47,141	)	$	167,148
Liabilities and equity
Deposit liabilities
Noninterest-bearing	$	—		$	—	$	108		$	—		$	108
Interest-bearing	12			—		93,136			—			93,148
Interest-bearing — intercompany	—			—		1,139			(1,139		)	—
Total deposit liabilities	12			—		94,383			(1,139		)	93,256
Short-term borrowings	3,171			—		8,242			—			11,413
Long-term debt	17,966			—		26,260			—			44,226
Intercompany debt to
Bank subsidiary	74			—		—			(74		)	—
Nonbank subsidiaries	1,103			—		879			(1,982		)	—
Intercompany payables to
Bank subsidiary	4			—		—			(4		)	—
Nonbank subsidiaries	132			—		127			(259		)	—
Interest payable	200			—		175			—			375
Unearned insurance premiums and service revenue	—			—		2,604			—			2,604
Accrued expenses and other liabilities	639			—		2,790			(1,649		)	1,780
Total liabilities	23,301			—		135,460			(5,107		)	153,654
Total equity	13,494			16,962		25,072			(42,034		)	13,494
Total liabilities and equity	$	36,795		$	16,962	$	160,532		$	(47,141	)	$	167,148

Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows



Year ended December 31, 2018 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	1,659		$	2,600		$	5,536		$	(5,645	)	$	4,150
Investing activities
Purchases of equity securities	—			—			(1,076		)	—			(1,076		)
Proceeds from sales of equity securities	—			—			787			—			787
Purchases of available-for-sale securities	—			—			(7,868		)	—			(7,868		)
Proceeds from sales of available-for-sale securities	—			—			852			—			852
Proceeds from repayments of available-for-sale securities	—			—			3,215			—			3,215
Purchases of held-to-maturity securities	—			—			(578		)	—			(578		)
Proceeds from repayments of held-to-maturity securities	—			—			147			—			147
Net change in investment securities — intercompany	—			—			54			(54		)	—
Purchases of finance receivables and loans held-for-investment	(131		)	—			(7,101		)	1,539			(5,693		)
Proceeds from sales of finance receivables and loans initially held-for-investment	1,596			—			34			(1,539		)	91
Originations and repayments of finance receivables and loans held-for-investment and other, net	3,489			—			(6,734		)	—			(3,245		)
Net change in loans — intercompany	(20		)	—			(2		)	22			—
Purchases of operating lease assets	—			—			(3,709		)	—			(3,709		)
Disposals of operating lease assets	10			—			3,079			—			3,089
Capital contributions to subsidiaries	(61		)	(6		)	—			67			—
Returns of contributed capital	266			—			—			(266		)	—
Net change in nonmarketable equity investments	(16		)	—			(165		)	—			(181		)
Other, net	—			—			(340		)	—			(340		)
Net cash provided by (used in) investing activities	5,133			(6		)	(19,405		)	(231		)	(14,509		)
Financing activities
Net change in short-term borrowings — third party	(694		)	—			(732		)	—			(1,426		)
Net (decrease) increase in deposits	(11		)	—			12,989			(111		)	12,867
Proceeds from issuance of long-term debt — third party	69			—			18,332			—			18,401
Repayments of long-term debt — third party	(4,774		)	—			(13,166		)	—			(17,940		)
Net change in debt — intercompany	(198		)	—			(10		)	208			—
Repurchase of common stock	(939		)	—			—			—			(939		)
Dividends paid — third party	(242		)	—			—			—			(242		)
Dividends paid and returns of contributed capital — intercompany	—			(2,600		)	(3,309		)	5,909			—
Capital contributions from parent	—			6			61			(67		)	—
Net cash (used in) provided by financing activities	(6,789		)	(2,594		)	14,165			5,939			10,721
Effect of exchange-rate changes on cash and cash equivalents and restricted cash	—			—			(5		)	—			(5		)
Net increase in cash and cash equivalents and restricted cash	3			—			291			63			357
Cash and cash equivalents and restricted cash at beginning of year	1,395			—			5,707			(1,833		)	5,269
Cash and cash equivalents and restricted cash at end of year	$	1,398		$	—		$	5,998		$	(1,770	)	$	5,626

The following table provides a reconciliation of cash and cash equivalents and restricted cash from the Condensed Consolidated Balance Sheet to the Condensed Consolidated Statement of Cash Flows.



December 31, 2018 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents on the Consolidated Balance Sheet	$	1,309	$	—	$	4,998	$	(1,770	)	$	4,537
Restricted cash included in other assets on the Consolidated Balance Sheet (a)	89		—		1,000		—			1,089
Total cash and cash equivalents and restricted cash in the Consolidated Statement of Cash Flows	$	1,398	$	—	$	5,998	$	(1,770	)	$	5,626


(a)	Restricted cash balances relate primarily to Ally securitization arrangements. Refer to Note 13 for additional details describing the nature of restricted cash balances.



Year ended December 31, 2017 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	4,591		$	3,300		$	3,466		$	(7,278	)	$	4,079
Investing activities
Purchases of equity securities	—			—			(899		)	—			(899		)
Proceeds from sales of equity securities	—			—			1,049			—			1,049
Purchases of available-for-sale securities	—			—			(10,335		)	—			(10,335		)
Proceeds from sales of available-for-sale securities	—			—			3,584			—			3,584
Proceeds from repayments of available-for-sale securities	—			—			2,899			—			2,899
Purchases of held-to-maturity securities	—			—			(1,026		)	—			(1,026		)
Proceeds from repayments of held-to-maturity securities	—			—			68			—			68
Net change in investment securities — intercompany	7			—			291			(298		)	—
Purchases of finance receivables and loans held-for-investment	(35		)	—			(5,417		)	—			(5,452		)
Proceeds from sales of finance receivables and loans initially held-for-investment	106			—			1,233			—			1,339
Originations and repayments of finance receivables and loans held-for-investment and other, net	860			—			33			(1,956		)	(1,063		)
Net change in loans — intercompany	2,068			—			217			(2,285		)	—
Purchases of operating lease assets	—			—			(4,052		)	—			(4,052		)
Disposals of operating lease assets	13			—			5,554			—			5,567
Capital contributions to subsidiaries	(1,212		)	(5		)	—			1,217			—
Returns of contributed capital	1,567			—			—			(1,567		)	—
Net change in nonmarketable equity investments	—			—			(187		)	—			(187		)
Other, net	(31		)	—			(99		)	(89		)	(219		)
Net cash provided by (used in) investing activities	3,343			(5		)	(7,087		)	(4,978		)	(8,727		)
Financing activities
Net change in short-term borrowings — third party	(453		)	—			(810		)	—			(1,263		)
Net (decrease) increase in deposits	(156		)	—			15,466			(1,138		)	14,172
Proceeds from issuance of long-term debt — third party	354			—			15,654			1,961			17,969
Repayments of long-term debt — third party	(6,111		)	—			(21,797		)	—			(27,908		)
Net change in debt — intercompany	(225		)	—			(2,074		)	2,299			—
Repurchase of common stock	(753		)	—			—			—			(753		)
Dividends paid — third party	(184		)	—			—			—			(184		)
Dividends paid and returns of contributed capital — intercompany	—			(3,300		)	(5,619		)	8,919			—
Capital contributions from parent	—			5			1,212			(1,217		)	—
Net cash (used in) provided by financing activities	(7,528		)	(3,295		)	2,032			10,824			2,033
Effect of exchange-rate changes on cash and cash equivalents	—			—			3			—			3
Net increase (decrease) in cash and cash equivalents and restricted cash	406			—			(1,586		)	(1,432		)	(2,612		)
Cash and cash equivalents and restricted cash at beginning of year	989			—			7,293			(401		)	7,881
Cash and cash equivalents and restricted cash at end of year	$	1,395		$	—		$	5,707		$	(1,833	)	$	5,269

The following table provides a reconciliation of cash and cash equivalents and restricted cash from the Condensed Consolidated Balance Sheet to the Condensed Consolidated Statement of Cash Flows.



December 31, 2017 ($ in millions)	Parent		Guarantors		Nonguarantors		Consolidating adjustments			Ally consolidated
Cash and cash equivalents on the Consolidated Balance Sheet	$	1,217	$	—	$	4,868	$	(1,833	)	$	4,252
Restricted cash included in other assets on the Consolidated Balance Sheet (a)	178		—		839		—			1,017
Total cash and cash equivalents and restricted cash in the Consolidated Statement of Cash Flows	$	1,395	$	—	$	5,707	$	(1,833	)	$	5,269


(a)	Restricted cash balances relate primarily to Ally securitization arrangements. Refer to Note 13 for additional details describing the nature of restricted cash balances.



Year ended December 31, 2016 ($ in millions)	Parent			Guarantors			Nonguarantors			Consolidating adjustments			Ally consolidated
Operating activities
Net cash provided by operating activities	$	241		$	6		$	5,383		$	(1,063	)	$	4,567
Investing activities
Purchases of equity securities	—			—			(470		)	—			(470		)
Proceeds from sales of equity securities	—			—			680			—			680
Purchases of available-for-sale securities	—			—			(15,561		)	—			(15,561		)
Proceeds from sales of available-for-sale securities	—			—			10,356			—			10,356
Proceeds from repayments of available-for-sale securities	—			—			3,379			—			3,379
Purchases of held-to-maturity securities	—			—			(841		)	—			(841		)
Purchases of finance receivables and loans held-for-investment	(4		)	—			(3,855		)	—			(3,859		)
Proceeds from sales of finance receivables and loans initially held-for-investment	—			—			4,285			—			4,285
Originations and repayments of finance receivables and loans held-for-investment and other, net	2,013			—			(10,839		)	—			(8,826		)
Net change in loans — intercompany	877			—			(67		)	(810		)	—
Purchases of operating lease assets	—			—			(3,274		)	—			(3,274		)
Disposals of operating lease assets	25			—			6,279			—			6,304
Acquisitions, net of cash acquired	(309		)	—			—			—			(309		)
Capital contributions to subsidiaries	(3,908		)	—			—			3,908			—
Returns of contributed capital	3,678			8			—			(3,686		)	—
Net change in nonmarketable equity investments	—			—			(628		)	—			(628		)
Other, net	(206		)	—			(191		)	91			(306		)
Net cash provided by (used in) investing activities	2,166			8			(10,747		)	(497		)	(9,070		)
Financing activities
Net change in short-term borrowings — third party	169			—			4,395			—			4,564
Net (decrease) increase in deposits	(61		)	—			12,569			—			12,508
Proceeds from issuance of long-term debt — third party	979			—			13,176			—			14,155
Repayments of long-term debt — third party	(2,662		)	—			(23,750		)	—			(26,412		)
Net change in debt — intercompany	(382		)	—			(877		)	1,259			—
Redemption of preferred stock	(696		)	—			—			—			(696		)
Repurchase of common stock	(341		)	—			—			—			(341		)
Dividends paid — third party	(108		)	—			—			—			(108		)
Dividends paid and returns of contributed capital — intercompany	—			(14		)	(4,644		)	4,658			—
Capital contributions from parent	—			—			3,908			(3,908		)	—
Net cash (used in) provided by financing activities	(3,102		)	(14		)	4,777			2,009			3,670
Effect of exchange-rate changes on cash and cash equivalents	—			—			1			—			1
Net decrease in cash and cash equivalents and restricted cash	(695		)	—			(586		)	449			(832		)
Cash and cash equivalents and restricted cash at beginning of year	1,684			—			7,879			(850		)	8,713
Cash and cash equivalents and restricted cash at end of year	$	989		$	—		$	7,293		$	(401	)	$	7,881