Guarantor Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2014

Guarantor Consolidating Financial Statements [abstract]

Condensed Balance Sheet [Table Text Block]

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

June 30, 2014

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.		Guarantor			Non- Guarantors		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	699		$	713	$	—		$	1,412
Finance receivables, net	—		609			30,936		—			31,545
Restricted cash	—		30			2,175		—			2,205
Property and equipment, net	—		6			144		—			150
Leased vehicles, net	—		—			4,748		—			4,748
Deferred income taxes	20		—			612		(199		)	433
Goodwill	1,095		—			150		—			1,245
Related party receivables	—		18			167		—			185
Other assets	62		2			377		(5		)	436
Due from affiliates	3,116		—			—		(3,116		)	—
Investment in affiliates	7,388		3,594			—		(10,982		)	—
Total assets	$	11,681	$	4,958		$	40,022	$	(14,302	)	$	42,359
Liabilities and Shareholder's Equity
Liabilities:
Secured debt	$	—	$	—		$	25,006	$	—		$	25,006
Unsecured debt	4,000		—			3,596		—			7,596
Accounts payable and accrued expenses	49		137			803		(5		)	984
Deferred income	—		—			249		—			249
Deferred taxes liabilities	—		199			12		(199		)	12
Taxes payable	74		—			219		—			293
Related party taxes payable	891		—			1		(1		)	891
Related party payable	—		—			432		—			432
Other liabilities	—		18			211		—			229
Due to affiliates	—		677			2,438		(3,115		)	—
Total liabilities	5,014		1,031			32,967		(3,320		)	35,692
Shareholder's equity:
Common stock	—		—			698		(698		)	—
Additional paid-in capital	4,793		79			3,400		(3,479		)	4,793
Accumulated other comprehensive income	65		(5		)	81		(76		)	65
Retained earnings	1,809		3,853			2,876		(6,729		)	1,809
Total shareholder's equity	6,667		3,927			7,055		(10,982		)	6,667
Total liabilities and shareholder's equity	$	11,681	$	4,958		$	40,022	$	(14,302	)	$	42,359

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—		$	395		$	679		$	—		$	1,074
Finance receivables, net	—			612			28,670			—			29,282
Restricted cash	—			20			1,938			—			1,958
Property and equipment, net	—			5			127			—			132
Leased vehicles, net	—			—			3,383			—			3,383
Deferred income taxes	1			—			358			—			359
Goodwill	1,095			—			145			—			1,240
Related party receivables	29			—			100			—			129
Other assets	74			5			358			(4		)	433
Due from affiliates	3,754			863			—			(4,617		)	—
Investment in affiliates	6,994			3,565			—			(10,559		)	—
Total assets	$	11,947		$	5,465		$	35,758		$	(15,180	)	$	37,990
Liabilities and Shareholder's Equity
Liabilities:
Secured debt	$	—		$	—		$	22,073		$	—		$	22,073
Unsecured debt	4,000			—			2,973			—			6,973
Accounts payable and accrued expenses	101			133			716			(4		)	946
Deferred income	—			—			168			—			168
Deferred taxes payable	(28		)	161			(46		)	—			87
Taxes payable	83			—			204			—			287
Related party taxes payable	643			—			1			(1		)	643
Related party payable	—			—			368			—			368
Other liabilities	—			14			146			—			160
Due to affiliates	863			1,474			2,280			(4,617		)	—
Total liabilities	5,662			1,782			28,883			(4,622		)	31,705
Shareholder's equity:
Common stock	—			—			532			(532		)	—
Additional paid-in capital	4,785			79			3,833			(3,912		)	4,785
Accumulated other comprehensive income (loss)	11			(8		)	24			(16		)	11
Retained earnings	1,489			3,612			2,486			(6,098		)	1,489
Total shareholder's equity	6,285			3,683			6,875			(10,558		)	6,285
Total liabilities and shareholder's equity	$	11,947		$	5,465		$	35,758		$	(15,180	)	$	37,990

Condensed Income Statement [Table Text Block]

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended June 30, 2014

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	39		$	843	$	—		$	882
Leased vehicle income	—			—			238		—			238
Other income	20			104			42		(95		)	71
Equity in income of affiliates	189			153			—		(342		)	—
	209			296			1,123		(437		)	1,191
Costs and expenses
Salaries and benefits	—			63			91		—			154
Other operating expenses	(6		)	41			153		(62		)	126
Total operating expenses	(6		)	104			244		(62		)	280
Leased vehicle expenses	—			—			179		—			179
Provision for loan losses	—			75			38		—			113
Interest expense	44			8			335		(33		)	354
	38			187			796		(95		)	926
Income before income taxes	171			109			327		(342		)	265
Income tax (benefit) provision	(4		)	(16		)	110		—			90
Net income	$	175		$	125		$	217	$	(342	)	$	175
Comprehensive income	$	224		$	148		$	267	$	(415	)	$	224

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended June 30, 2013

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	30		$	617	$	—		$	647
Leased vehicle income	—			—			136		—			136
Other income	35			83			81		(146		)	53
Equity in income of affiliates	187			158			—		(345		)	—
	222			271			834		(491		)	836
Costs and expenses
Salaries and benefits	—			54			62		—			116
Other operating (income) expenses	(5		)	(24		)	104		—			75
Total operating expenses	(5		)	30			166		—			191
Leased vehicle expenses	—			—			101		—			101
Provision for loan losses	—			60			40		—			100
Interest expense	50			54			206		(146		)	164
Acquisition and integration expenses	—			—			16		—			16
	45			144			529		(146		)	572
Income before income taxes	177			127			305		(345		)	264
Income tax (benefit) provision	(1		)	(13		)	100		—			86
Net income	$	178		$	140		$	205	$	(345	)	$	178
Comprehensive income	$	119		$	146		$	150	$	(296	)	$	119

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Six Months Ended June 30, 2014

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	69		$	1,643	$	—		$	1,712
Leased vehicle income	—			—			438		—			438
Other income	40			231			80		(213		)	138
Equity in income of affiliates	359			269			—		(628		)	—
	399			569			2,161		(841		)	2,288
Costs and expenses
Salaries and benefits	—			116			174		—			290
Other operating (income) expenses	(5		)	74			314		(124		)	259
Total operating expenses	(5		)	190			488		(124		)	549
Leased vehicle expenses	—			—			335		—			335
Provision for loan losses	—			135			113		—			248
Interest expense	99			19			640		(89		)	669
	94			344			1,576		(213		)	1,801
Income before income taxes	305			225			585		(628		)	487
Income tax (benefit) provision	(15		)	(16		)	198		—			167
Net income	$	320		$	241		$	387	$	(628	)	$	320
Comprehensive income	$	374		$	244		$	442	$	(686	)	$	374

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Six Months Ended June 30, 2013

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	69		$	993	$	—		$	1,062
Leased vehicle income	—			—			243		—			243
Other income	49			124			128		(230		)	71
Equity in income of affiliates	300			304			—		(604		)	—
	349			497			1,364		(834		)	1,376
Costs and expenses
Salaries and benefits	—			102			88		—			190
Other operating (income) expenses	(2		)	(49		)	160		—			109
Total operating expenses	(2		)	53			248		—			299
Leased vehicle expenses	—			—			181		—			181
Provision for loan losses	—			127			67		—			194
Interest expense	71			89			316		(230		)	246
Acquisition and integration expenses	—			—			22		—			22
	69			269			834		(230		)	942
Income before income taxes	280			228			530		(604		)	434
Income tax (benefit) provision	(4		)	(27		)	181		—			150
Net income	$	284		$	255		$	349	$	(604	)	$	284
Comprehensive income	$	219		$	262		$	288	$	(550	)	$	219

Condensed Cash Flow Statement [Table Text Block]

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2014

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	205		$	141		$	558		$	—		$	904
Cash flows from investing activities:
Purchases of consumer finance receivables, net	—			(2,924		)	(6,546		)	2,643			(6,827		)
Principal collections and recoveries on consumer finance receivables	—			(100		)	5,400			—			5,300
Proceeds from sale of consumer finance receivables, net	—			2,643			—			(2,643		)	—
Net collections (funding) of commercial finance receivables	—			256			(553		)	—			(297		)
Purchases of leased vehicles, net	—			—			(1,856		)	—			(1,856		)
Proceeds from termination of leased vehicles	—			—			264			—			264
Acquisition of international operations, net of cash on hand	(46		)	—			—			—			(46		)
Purchases of property and equipment	—			(2		)	(13		)	—			(15		)
Change in restricted cash	—			(9		)	(227		)	—			(236		)
Change in other assets	—			—			(2		)	—			(2		)
Net change in investment in affiliates	(5		)	243			—			(238		)	—
Net cash (used in) provided by investing activities	(51		)	107			(3,533		)	(238		)	(3,715		)
Cash flows from financing activities:
Net increase in debt (original maturities less than three months)	—			—			278			—			278
Borrowings and issuance of secured debt	—			—			10,722			—			10,722
Payments on secured debt	—			—			(8,445		)	—			(8,445		)
Borrowings and issuance of unsecured debt	—			—			1,472			—			1,472
Payments on unsecured debt	—			—			(838		)	—			(838		)
Net capital contributions	26			—			(264		)	238			—
Debt issuance costs	—			—			(49		)	—			(49		)
Net change in due from/due to affiliates	(180		)	56			124			—			—
Net cash (used in) provided by financing activities	(154		)	56			3,000			238			3,140
Net increase in cash and cash equivalents	—			304			25			—			329
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			9			—			9
Cash and cash equivalents at beginning of period	—			395			679			—			1,074
Cash and cash equivalents at end of period	$	—		$	699		$	713		$	—		$	1,412

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2013

(In millions)

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	86		$	184		$	431		$	—		$	701
Cash flows from investing activities:
Purchases of consumer finance receivables, net	—			(2,695		)	(4,222		)	3,105			(3,812		)
Principal collections and recoveries on consumer finance receivables	—			1			3,053			—			3,054
Proceeds from sale of consumer finance receivables, net	—			3,105			—			(3,105		)	—
Net funding of commercial finance receivables	—			(1,080		)	(769		)	1,467			(382		)
Proceeds from sale of commercial finance receivables, net	—			1,467			—			(1,467		)	—
Purchases of leased vehicles, net	—			—			(1,176		)	—			(1,176		)
Proceeds from termination of leased vehicles	—			—			84			—			84
Acquisition of international operations, net of cash on hand	(2,547		)	(863		)	440			863			(2,107		)
Purchases of property and equipment	—			—			(4		)	—			(4		)
Change in restricted cash	—			—			(158		)	—			(158		)
Change in other assets	—			(10		)	8			—			(2		)
Net change in investment in affiliates	(29		)	(97		)	—			126			—
Net cash used in by investing activities	(2,576		)	(172		)	(2,744		)	989			(4,503		)
Cash flows from financing activities:
Borrowings and issuance of secured debt	1,100			—			7,985			—			9,085
Payments on secured debt	(1,100		)	—			(5,907		)	—			(7,007		)
Borrowings and issuance of unsecured debt	2,500			—			522			—			3,022
Payments on unsecured debt	—			—			(633		)	—			(633		)
Repayment of debt to Ally Financial	—			—			(1,416		)	—			(1,416		)
Capital contribution from parent	1,300			—			—			—			1,300
Debt issuance costs	(29		)	—			(34		)	—			(63		)
Net capital contribution to subsidiaries	—			—			130			(130		)	—
Net change in due from/due to affiliates	(1,281		)	(211		)	2,354			(862		)	—
Net cash provided (used in) by financing activities	2,490			(211		)	3,001			(992		)	4,288
Net increase (decrease) in cash and cash equivalents	—			(199		)	688			(3		)	486
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			(21		)	3			(18		)
Cash and cash equivalents at beginning of period	—			1,252			37			—			1,289
Cash and cash equivalents at end of period	$	—		$	1,053		$	704		$	—		$	1,757