Guarantor Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

Guarantor Consolidating Financial Statements [abstract]

Condensed Balance Sheet

CONSOLIDATING BALANCE SHEET

December 31, 2016

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	2,284		$	917		$	—		$	3,201
Finance receivables, net	—			4,969			38,221			—			43,190
Leased vehicles, net	—			—			34,526			—			34,526
Goodwill	1,095			—			101			—			1,196
Equity in net assets of non-consolidated affiliates	—			—			944			—			944
Property and equipment, net	—			152			127			—			279
Deferred income taxes	502			89			274			(591		)	274
Related party receivables	—			25			485			—			510
Other assets	4			643			3,167			(169		)	3,645
Due from affiliates	24,548			16,065			—			(40,613		)	—
Investment in affiliates	8,986			6,445			—			(15,431		)	—
Total assets	$	35,135		$	30,672		$	78,762		$	(56,804	)	$	87,765
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	39,439		$	(169	)	$	39,270
Unsecured debt	26,076			—			8,530			—			34,606
Accounts payable and accrued expenses	302			273			899			—			1,474
Deferred income	—			—			2,365			—			2,365
Deferred income taxes	—			—			811			(591		)	220
Related party payables	1			—			399			—			400
Other liabilities	63			417			257			—			737
Due to affiliates	—			24,437			16,176			(40,613		)	—
Total liabilities	26,442			25,127			68,876			(41,373		)	79,072
Shareholder's equity
Common stock	—			—			698			(698		)	—
Additional paid-in capital	6,505			79			5,345			(5,424		)	6,505
Accumulated other comprehensive loss	(1,238		)	(161		)	(1,223		)	1,384			(1,238		)
Retained earnings	3,426			5,627			5,066			(10,693		)	3,426
Total shareholder's equity	8,693			5,545			9,886			(15,431		)	8,693
Total liabilities and shareholder's equity	$	35,135		$	30,672		$	78,762		$	(56,804	)	$	87,765

CONSOLIDATING BALANCE SHEET

December 31, 2015

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	2,259		$	802		$	—		$	3,061
Finance receivables, net	—			4,808			31,973			—			36,781
Leased vehicles, net	—			—			20,172			—			20,172
Goodwill	1,095			—			94			—			1,189
Equity in net assets of non-consolidated affiliates	—			—			986			—			986
Property and equipment, net	—			41			178			—			219
Deferred income taxes	212			—			179			(160		)	231
Related party receivables	—			27			546			—			573
Other assets	32			92			2,568			—			2,692
Due from affiliates	15,573			7,556			—			(23,129		)	—
Investment in affiliates	8,476			6,425			—			(14,901		)	—
Total assets	$	25,388		$	21,208		$	57,498		$	(38,190	)	$	65,904
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	30,689		$	—		$	30,689
Unsecured debt	17,087			—			6,570			—			23,657
Accounts payable and accrued expenses	181			717			320			—			1,218
Deferred income	—			—			1,454			—			1,454
Deferred income taxes	—			289			—			(160		)	129
Related party payables	—			—			362			—			362
Other liabilities	68			34			241			—			343
Due to affiliates	—			15,495			7,634			(23,129		)	—
Total liabilities	17,336			16,535			47,270			(23,289		)	57,852
Shareholder's equity
Common stock	—			—			698			(698		)	—
Additional paid-in capital	6,484			79			6,490			(6,569		)	6,484
Accumulated other comprehensive loss	(1,104		)	(175		)	(1,095		)	1,270			(1,104		)
Retained earnings	2,672			4,769			4,135			(8,904		)	2,672
Total shareholder's equity	8,052			4,673			10,228			(14,901		)	8,052
Total liabilities and shareholder's equity	$	25,388		$	21,208		$	57,498		$	(38,190	)	$	65,904

Condensed Income Statement

CONSOLIDATING STATEMENT OF INCOME

Year Ended December 31, 2016

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	432		$	2,897	$	—		$	3,329
Leased vehicle income	—			—			5,925		—			5,925
Other income	(1		)	883			97		(675		)	304
Total revenue	(1		)	1,315			8,919		(675		)	9,558
Costs and expenses
Salaries and benefits	—			597			256		—			853
Other operating expenses	2			200			837		(402		)	637
Total operating expenses	2			797			1,093		(402		)	1,490
Leased vehicle expenses	—			—			4,529		—			4,529
Provision for loan losses	—			378			291		—			669
Interest expense	557			296			1,528		(273		)	2,108
Total costs and expenses	559			1,471			7,441		(675		)	8,796
Equity income	994			771			151		(1,765		)	151
Income before income taxes	434			615			1,629		(1,765		)	913
Income tax (benefit) provision	(320		)	(89		)	568		—			159
Net income	$	754		$	704		$	1,061	$	(1,765	)	$	754
Comprehensive income	$	620		$	718		$	933	$	(1,651	)	$	620

CONSOLIDATING STATEMENT OF INCOME

Year Ended December 31, 2015

	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	403	$	2,978	$	—		$	3,381
Leased vehicle income	—			—		2,807		—			2,807
Other income	13			505		139		(391		)	266
Total revenue	13			908		5,924		(391		)	6,454
Costs and expenses
Salaries and benefits	—			332		394		—			726
Other operating expenses	64			105		649		(251		)	567
Total operating expenses	64			437		1,043		(251		)	1,293
Leased vehicle expenses	—			—		2,200		—			2,200
Provision for loan losses	—			398		226		—			624
Interest expense	488			18		1,250		(140		)	1,616
Total costs and expenses	552			853		4,719		(391		)	5,733
Equity income	941			579		116		(1,520		)	116
Income before income taxes	402			634		1,321		(1,520		)	837
Income tax (benefit) provision	(244		)	25		410		—			191
Net income	$	646		$	609	$	911	$	(1,520	)	$	646
Comprehensive (loss) income	$	(25	)	$	498	$	225	$	(723	)	$	(25	)

CONSOLIDATING STATEMENT OF INCOME

Year Ended December 31, 2014

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	194		$	3,281	$	—		$	3,475
Leased vehicle income	—			—			1,090		—			1,090
Other income	68			432			178		(389		)	289
Total revenue	68			626			4,549		(389		)	4,854
Costs and expenses
Salaries and benefits	—			249			365		—			614
Other operating expenses	159			(17		)	657		(251		)	548
Total operating expenses	159			232			1,022		(251		)	1,162
Leased vehicle expenses	—			—			847		—			847
Provision for loan losses	—			334			270		—			604
Interest expense	232			23			1,309		(138		)	1,426
Total costs and expenses	391			589			3,448		(389		)	4,039
Equity income	757			523			—		(1,280		)	—
Income before income taxes	434			560			1,101		(1,280		)	815
Income tax (benefit) provision	(103		)	12			369		—			278
Net income	$	537		$	548		$	732	$	(1,280	)	$	537
Comprehensive income	$	93		$	491		$	298	$	(789	)	$	93

Condensed Cash Flow Statement

CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2016

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Cash flows from operating activities
Net income	$	754		$	704		$	1,061		$	(1,765	)	$	754
Adjustments to reconcile net income to net cash (used in) provided by operating activities
Depreciation and amortization	37			26			4,776			—			4,839
Accretion and amortization of loan and leasing fees	—			17			(1,189		)	—			(1,172		)
Amortization of carrying value adjustment	—			(3		)	(26		)	—			(29		)
Undistributed earnings of non-consolidated affiliates, net	(994		)	(771		)	(22		)	1,765			(22		)
Provision for loan losses	—			378			291			—			669
Deferred income taxes	(313		)	(390		)	745			—			42
Stock-based compensation expense	24			—			1			—			25
Other operating activities	(299		)	289			11			—			1
Changes in assets and liabilities:
Other assets	18			(347		)	(114		)	—			(443		)
Accounts payable and accrued expenses	117			(438		)	535			—			214
Taxes payable	(1		)	—			(1		)	—			(2		)
Related party payables	—			—			5			—			5
Net cash (used in) provided by operating activities	(657		)	(535		)	6,073			—			4,881
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(15,847		)	(20,080		)	18,131			(17,796		)
Principal collections and recoveries on retail finance receivables	—			1,542			11,630			—			13,172
Proceeds from transfer of retail finance receivables, net	—			13,897			4,234			(18,131		)	—
Net funding of commercial finance receivables	—			(191		)	(2,790		)	—			(2,981		)
Purchases of leased vehicles, net	—			—			(19,612		)	—			(19,612		)
Proceeds from termination of leased vehicles	—			—			2,557			—			2,557
Purchases of property and equipment	—			(82		)	(25		)	—			(107		)
Other investing activities	—			(169		)	(7		)	169			(7		)
Net change in due from affiliates	(8,966		)	(8,508		)	—			17,474			—
Net change in investment in affiliates	339			787			—			(1,126		)	—
Net cash used in investing activities	(8,627		)	(8,571		)	(24,093		)	16,517			(24,774		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	8			—			772			—			780
Borrowings and issuance of secured debt	—			—			29,590			(169		)	29,421
Payments on secured debt	—			—			(20,266		)	—			(20,266		)
Borrowings and issuance of unsecured debt	10,320			—			2,962			—			13,282
Payments on unsecured debt	(1,000		)	—			(1,837		)	—			(2,837		)
Borrowings on related party line of credit	418			—			—			—			418
Payments on related party line of credit	(418		)	—			—			—			(418		)
Net capital contributions	—			—			(1,126		)	1,126			—
Debt issuance costs	(44		)	—			(102		)	—			(146		)
Net change in due to affiliates	—			9,071			8,403			(17,474		)	—
Net cash provided by financing activities	9,284			9,071			18,396			(16,517		)	20,234
Net increase in cash, cash equivalents and restricted cash	—			(35		)	376			—			341
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			(41		)	—			(41		)
Cash, cash equivalents and restricted cash at beginning of period	—			2,319			2,683			—			5,002
Cash, cash equivalents and restricted cash at end of period	$	—		$	2,284		$	3,018		$	—		$	5,302

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidating balance sheet:

	General Motors Financial Company, Inc.		Guarantor		Non- Guarantors		Eliminations		Consolidated
Cash and cash equivalents	$	—	$	2,284	$	917	$	—	$	3,201
Restricted cash included in other assets	—		—		2,101		—		2,101
Total cash, cash equivalents and restricted cash as presented in the consolidating statements of cash flows	$	—	$	2,284	$	3,018	$	—	$	5,302

CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2015

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Cash flows from operating activities
Net income	$	646		$	609		$	911		$	(1,520	)	$	646
Adjustments to reconcile net income to net cash (used in) provided by operating activities
Depreciation and amortization	28			3			2,372			—			2,403
Accretion and amortization of loan and leasing fees	—			25			(634		)	—			(609		)
Amortization of carrying value adjustment	—			(14		)	(135		)	—			(149		)
Undistributed earnings of non-consolidated affiliates, net	(941		)	(579		)	(116		)	1,520			(116		)
Provision for loan losses	—			398			226			—			624
Deferred income taxes	(189		)	2			319			—			132
Stock-based compensation expense	33			—			3			—			36
Other operating activities	32			(5		)	(64		)	—			(37		)
Changes in assets and liabilities:
Other assets	(3		)	25			(397		)	—			(375		)
Accounts payable and accrued expenses	100			531			(349		)	—			282
Taxes payable	(12		)	1			(9		)	—			(20		)
Related party taxes payable	(636		)	—			—			—			(636		)
Related party payables	1			—			(14		)	—			(13		)
Net cash (used in) provided by operating activities	(941		)	996			2,113			—			2,168
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(13,997		)	(16,981		)	13,461			(17,517		)
Principal collections and recoveries on retail finance receivables	—			755			10,971			—			11,726
Proceeds from transfer of retail finance receivables, net	—			10,428			3,033			(13,461		)	—
Net funding of commercial finance receivables	—			6			(1,023		)	—			(1,017		)
Purchases of leased vehicles, net	—			—			(15,337		)	—			(15,337		)
Proceeds from termination of leased vehicles	—			—			1,096			—			1,096
Acquisition of international operations	(513		)	(536		)	—			—			(1,049		)
Disposition of equity interest	—			125			—			—			125
Purchases of property and equipment	—			(21		)	(69		)	—			(90		)
Other investing activities	—			—			30			—			30
Net change in due from affiliates	(8,819		)	(5,593		)	—			14,412			—
Net change in investment in affiliates	(6		)	(1,893		)	—			1,899			—
Net cash used in investing activities	(9,338		)	(10,726		)	(18,280		)	16,311			(22,033		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	—			—			1,147			—			1,147
Borrowings and issuance of secured debt	—			—			22,385			—			22,385
Payments on secured debt	—			—			(15,178		)	—			(15,178		)
Borrowings and issuance of unsecured debt	9,687			—			3,290			—			12,977
Payments on unsecured debt	—			—			(1,709		)	—			(1,709		)
Net capital contributions	649			—			1,899			(1,899		)	649
Debt issuance costs	(58		)	—			(97		)	—			(155		)
Other	1			—			—			—			1
Net change in due to affiliates	—			9,766			4,646			(14,412		)	—
Net cash provided by financing activities	10,279			9,766			16,383			(16,311		)	20,117
Net increase in cash, cash equivalents and restricted cash	—			36			216			—			252
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			(295		)	—			(295		)
Cash, cash equivalents and restricted cash at beginning of period	—			2,283			2,762			—			5,045
Cash, cash equivalents and restricted cash at end of period	$	—		$	2,319		$	2,683		$	—		$	5,002

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidating balance sheet:

	General Motors Financial Company, Inc.		Guarantor		Non- Guarantors		Eliminations		Consolidated
Cash and cash equivalents	$	—	$	2,259	$	802	$	—	$	3,061
Restricted cash included in other assets	—		60		1,881		—		1,941
Total cash, cash equivalents and restricted cash as presented in the consolidating statements of cash flows	$	—	$	2,319	$	2,683	$	—	$	5,002

CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2014

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Cash flows from operating activities
Net income	$	537		$	548		$	732		$	(1,280	)	$	537
Adjustments to reconcile net income to net cash (used in) provided by operating activities
Depreciation and amortization	14			2			976			—			992
Accretion and amortization of loan and leasing fees	—			4			(367		)	—			(363		)
Amortization of carrying value adjustment	—			(4		)	(230		)	—			(234		)
Undistributed earnings of non-consolidated affiliates, net	(757		)	(523		)	—			1,280			—
Provision for loan losses	—			334			270			—			604
Deferred income taxes	1			127			(211		)	—			(83		)
Stock-based compensation expense	18			—			1			—			19
Other operating activities	137			(2		)	47			—			182
Changes in assets and liabilities, net of assets and liabilities acquired:
Other assets	(18		)	(14		)	(53		)	—			(85		)
Accounts payable and accrued expenses	36			(25		)	122			—			133
Taxes payable	(3		)	—			(60		)	—			(63		)
Related party taxes payable	(7		)	—			—			—			(7		)
Related party payable	—			—			5			—			5
Net cash (used in) provided by operating activities	(42		)	447			1,232			—			1,637
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(8,220		)	(14,321		)	7,792			(14,749		)
Principal collections and recoveries on retail finance receivables	—			(99		)	10,959			—			10,860
Proceeds from transfer of retail finance receivables, net	—			6,369			1,423			(7,792		)	—
Net funding of commercial finance receivables	—			(128		)	(1,770		)	—			(1,898		)
Purchases of leased vehicles, net	—			—			(4,882		)	—			(4,882		)
Proceeds from termination of leased vehicles	—			—			533			—			533
Acquisition of international operations	(46		)	—			—			—			(46		)
Purchases of property and equipment	—			(20		)	(32		)	—			(52		)
Other investing activities	—			—			(2		)	—			(2		)
Net change in due from affiliates	(3,149		)	(443		)	(400		)	3,992			—
Net change in investment in affiliates	(357		)	(27		)	—			384			—
Net cash used in investing activities	(3,552		)	(2,568		)	(8,492		)	4,376			(10,236		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	—			—			470			—			470
Borrowings and issuance of secured debt	—			—			21,080			—			21,080
Payments on secured debt	—			—			(16,890		)	—			(16,890		)
Borrowings and issuance of unsecured debt	3,500			—			3,674			—			7,174
Payments on unsecured debt	—			—			(1,889		)	—			(1,889		)
Net capital contribution	996			—			382			(382		)	996
Debt issuance costs	(39		)	—			(88		)	—			(127		)
Net change in due to affiliates	(863		)	3,989			866			(3,992		)	—
Net cash provided by financing activities	3,594			3,989			7,605			(4,374		)	10,814
Net increase in cash, cash equivalents and restricted cash	—			1,868			345			2			2,215
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			(199		)	(2		)	(201		)
Cash, cash equivalents and restricted cash at beginning of period	—			415			2,616			—			3,031
Cash, cash equivalents and restricted cash at end of period	$	—		$	2,283		$	2,762		$	—		$	5,045