Guarantor Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2017

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	2,040		$	654		$	—		$	2,694
Finance receivables, net	—			7,516			39,394			—			46,910
Leased vehicles, net	—			—			37,302			—			37,302
Goodwill	1,095			—			105			—			1,200
Equity in net assets of non-consolidated affiliates	—			—			998			—			998
Property and equipment, net	—			163			128			—			291
Deferred income taxes	613			75			284			(688		)	284
Related party receivables	—			73			544			—			617
Other assets	3			746			3,743			(248		)	4,244
Due from affiliates	26,778			15,992			—			(42,770		)	—
Investment in affiliates	9,401			5,971			—			(15,372		)	—
Total assets	$	37,890		$	32,576		$	83,152		$	(59,078	)	$	94,540
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	42,827		$	(248	)	$	42,579
Unsecured debt	28,573			—			8,797			—			37,370
Accounts payable and accrued expenses	261			330			910			—			1,501
Deferred income	—			—			2,588			—			2,588
Deferred income taxes	—			—			947			(688		)	259
Related party payables	1			—			447			—			448
Other liabilities	63			476			264			—			803
Due to affiliates	—			25,977			16,793			(42,770		)	—
Total liabilities	28,898			26,783			73,573			(43,706		)	85,548
Shareholder's equity
Common stock	—			—			698			(698		)	—
Additional paid-in capital	6,512			79			4,652			(4,731		)	6,512
Accumulated other comprehensive loss	(1,148		)	(157		)	(1,123		)	1,280			(1,148		)
Retained earnings	3,628			5,871			5,352			(11,223		)	3,628
Total shareholder's equity	8,992			5,793			9,579			(15,372		)	8,992
Total liabilities and shareholder's equity	$	37,890		$	32,576		$	83,152		$	(59,078	)	$	94,540

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2016

(Unaudited)



	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

Condensed Consolidating Statement of Income

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended March 31, 2017

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	95	$	767	$	—		$	862
Leased vehicle income	—			—		1,942		—			1,942
Other income	—			273		1		(199		)	75
Total revenue	—			368		2,710		(199		)	2,879
Costs and expenses
Salaries and benefits	—			163		66		—			229
Other operating expenses	7			44		222		(110		)	163
Total operating expenses	7			207		288		(110		)	392
Leased vehicle expenses	—			—		1,438		—			1,438
Provision for loan losses	—			73		144		—			217
Interest expense	235			33		440		(89		)	619
Total costs and expenses	242			313		2,310		(199		)	2,666
Equity income	315			215		47		(530		)	47
Income before income taxes	73			270		447		(530		)	260
Income tax (benefit) provision	(129		)	26		161		—			58
Net income	$	202		$	244	$	286	$	(530	)	$	202

Comprehensive income	$	292		$	248	$	386	$	(634	)	$	292

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended March 31, 2016

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	99		$	719	$	—		$	818
Leased vehicle income	—			—			1,184		—			1,184
Other income	(1		)	205			15		(146		)	73
Total revenue	(1		)	304			1,918		(146		)	2,075
Costs and expenses
Salaries and benefits	—			135			58		—			193
Other operating expenses	(4		)	68			170		(93		)	141
Total operating expenses	(4		)	203			228		(93		)	334
Leased vehicle expenses	—			—			893		—			893
Provision for loan losses	—			103			93		—			196
Interest expense	176			(30		)	370		(53		)	463
Total costs and expenses	172			276			1,584		(146		)	1,886
Equity income	255			168			36		(423		)	36
Income before income taxes	82			196			370		(423		)	225
Income tax (benefit) provision	(82		)	12			131		—			61
Net income	$	164		$	184		$	239	$	(423	)	$	164

Comprehensive income	$	316		$	223		$	398	$	(621	)	$	316

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2017

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(273	)	$	103		$	1,586		$	—		$	1,416
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(4,920		)	(3,850		)	2,369			(6,401		)
Principal collections and recoveries on retail finance receivables	—			450			3,145			—			3,595
Proceeds from transfer of retail finance receivables, net	—			2,095			274			(2,369		)	—
Net funding of commercial finance receivables	—			(194		)	(347		)	—			(541		)
Purchases of leased vehicles, net	—			—			(4,794		)	—			(4,794		)
Proceeds from termination of leased vehicles	—			—			1,082			—			1,082
Purchases of property and equipment	—			(19		)	(5		)	—			(24		)
Other investing activities	—			(79		)				79			—
Net change in due from affiliates	(2,230		)	80			—			2,150			—
Net change in investment in affiliates	—			694			—			(694		)	—
Net cash used in investing activities	(2,230		)	(1,893		)	(4,495		)	1,535			(7,083		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	17			—			(285		)	—			(268		)
Borrowings and issuance of secured debt	—			—			8,440			(79		)	8,361
Payments on secured debt	—			—			(4,805		)	—			(4,805		)
Borrowings and issuance of unsecured debt	2,497			—			471			—			2,968
Payments on unsecured debt	—			—			(574		)	—			(574		)
Debt issuance costs	(11		)	—			(16		)	—			(27		)
Net capital contributions	—			—			(694		)	694			—
Net change in due to affiliates	—			1,546			604			(2,150		)	—
Net cash provided by financing activities	2,503			1,546			3,141			(1,535		)	5,655
Net increase (decrease) in cash, cash equivalents and restricted cash	—			(244		)	232			—			(12		)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			37			—			37
Cash, cash equivalents and restricted cash at beginning of period	—			2,284			3,018			—			5,302
Cash, cash equivalents and restricted cash at end of period	$	—		$	2,040		$	3,287		$	—		$	5,327

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



	General Motors Financial Company, Inc.		Guarantor		Non- Guarantors		Eliminations		Consolidated
Cash and cash equivalents	$	—	$	2,040	$	654	$	—	$	2,694
Restricted cash included in other assets	—		—		2,633		—		2,633
Total	$	—	$	2,040	$	3,287	$	—	$	5,327

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2016

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(144	)	$	(537	)	$	1,839		$	—		$	1,158
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(4,466		)	(4,388		)	4,689			(4,165		)
Principal collections and recoveries on retail finance receivables	—			359			2,912			—			3,271
Proceeds from transfer of retail finance receivables, net	—			2,866			1,823			(4,689		)	—
Net funding of commercial finance receivables	—			(227		)	(797		)	—			(1,024		)
Purchases of leased vehicles, net	—			—			(5,158		)	—			(5,158		)
Proceeds from termination of leased vehicles	—			—			481			—			481
Purchases of property and equipment	—			(15		)	(5		)	—			(20		)
Other investing activities	—			(60		)	1			60			1
Net change in due from affiliates	(2,587		)	(1,208		)	—			3,795			—
Net change in investment in affiliates	—			336			—			(336		)	—
Net cash used in investing activities	(2,587		)	(2,415		)	(5,131		)	3,519			(6,614		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	—			—			757			—			757
Borrowings and issuance of secured debt	—			—			7,114			(60		)	7,054
Payments on secured debt	—			—			(5,251		)	—			(5,251		)
Borrowings and issuance of unsecured debt	2,744			—			387			—			3,131
Payments on unsecured debt	—			—			(241		)	—			(241		)
Debt issuance costs	(13		)	—			(13		)	—			(26		)
Net capital contributions	—			—			(336		)	336			—
Net change in due to affiliates	—			2,732			1,063			(3,795		)	—
Net cash provided by financing activities	2,731			2,732			3,480			(3,519		)	5,424
Net increase (decrease) in cash, cash equivalents, and restricted cash	—			(220		)	188			—			(32		)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			58			—			58
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	$	—		$	2,099		$	2,929		$	—		$	5,028