Guarantor Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

June 30, 2017

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	4,686		$	515		$	—		$	5,201
Finance receivables, net	—			9,023			30,859			—			39,882
Leased vehicles, net	—			—			39,725			—			39,725
Goodwill	1,095			—			103			—			1,198
Equity in net assets of non-consolidated affiliate	—			—			1,056			—			1,056
Related party receivables	—			56			327			—			383
Other assets	774			983			3,676			(1,056		)	4,377
Assets held for sale	—			—			11,694			(5		)	11,689
Due from affiliates	33,781			19,949			—			(53,730		)	—
Investment in affiliates	9,774			5,826			—			(15,600		)	—
Total assets	$	45,424		$	40,523		$	87,955		$	(70,391	)	$	103,511
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	39,114		$	(286	)	$	38,828
Unsecured debt	35,829			—			3,822			—			39,651
Deferred income	—			—			2,830			—			2,830
Related party payables	1			—			272			—			273
Other liabilities	438			694			1,939			(770		)	2,301
Liabilities held for sale	—			—			10,475			(3		)	10,472
Due to affiliates	—			33,601			20,131			(53,732		)	—
Total liabilities	36,268			34,295			78,583			(54,791		)	94,355
Shareholder's equity
Common stock	—			—			698			(698		)	—
Additional paid-in capital	6,518			79			4,200			(4,279		)	6,518
Accumulated other comprehensive loss	(1,052		)	(137		)	(1,013		)	1,150			(1,052		)
Retained earnings	3,690			6,286			5,487			(11,773		)	3,690
Total shareholder's equity	9,156			6,228			9,372			(15,600		)	9,156
Total liabilities and shareholder's equity	$	45,424		$	40,523		$	87,955		$	(70,391	)	$	103,511

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		$	531		$	—		$	2,815
Finance receivables, net	—			4,969			28,506			—			33,475
Leased vehicles, net	—			—			34,342			—			34,342
Goodwill	1,095			—			101			—			1,196
Equity in net assets of non-consolidated affiliate	—			—			944			—			944
Related party receivables	—			25			322			—			347
Other assets	506			884			3,065			(760		)	3,695
Assets held for sale	—			—			10,959			(8		)	10,951
Due from affiliates	24,548			16,065			—			(40,613		)	—
Investment in affiliates	8,986			6,445			—			(15,431		)	—
Total assets	$	35,135		$	30,672		$	78,770		$	(56,812	)	$	87,765
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	35,256		$	(169	)	$	35,087
Unsecured debt	26,076			—			3,400			—			29,476
Deferred income	—			—			2,355			—			2,355
Related party payables	1			—			319			—			320
Other liabilities	365			690			1,677			(591		)	2,141
Liabilities held for sale	—			—			9,694			(1		)	9,693
Due to affiliates	—			24,437			16,183			(40,620		)	—
Total liabilities	26,442			25,127			68,884			(41,381		)	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		$	78,770		$	(56,812	)	$	87,765

Condensed Consolidating Statement of Income

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended June 30, 2017

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	134		$	678		$	—		$	812
Leased vehicle income	—			—			2,107			—			2,107
Other income	—			291			(6		)	(214		)	71
Total revenue	—			425			2,779			(214		)	2,990
Costs and expenses
Salaries and benefits	—			159			39			—			198
Other operating expenses	99			(39		)	194			(119		)	135
Total operating expenses	99			120			233			(119		)	333
Leased vehicle expenses	—			—			1,549			—			1,549
Provision for loan losses	—			87			71			—			158
Interest expense	347			(62		)	445			(95		)	635
Total costs and expenses	446			145			2,298			(214		)	2,675
Equity income	275			276			41			(551		)	41
(Loss) income from continuing operations before income taxes	(171		)	556			522			(551		)	356
Income tax (benefit) provision	(233		)	133			186			—			86
Income from continuing operations	62			423			336			(551		)	270
Income (loss) from discontinued operations, net of tax	—			(7		)	(201		)	—			(208		)
Net income	$	62		$	416		$	135		$	(551	)	$	62
Comprehensive income	$	158		$	436		$	245		$	(681	)	$	158

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended June 30, 2016

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	118		$	580	$	—		$	698
Leased vehicle income	—			—			1,383		—			1,383
Other income	—			210			10		(163		)	57
Total revenue	—			328			1,973		(163		)	2,138
Costs and expenses
Salaries and benefits	—			140			35		—			175
Other operating expenses	—			53			166		(98		)	121
Total operating expenses	—			193			201		(98		)	296
Leased vehicle expenses	—			—			1,062		—			1,062
Provision for loan losses	—			77			67		—			144
Interest expense	265			(91		)	351		(65		)	460
Total costs and expenses	265			179			1,681		(163		)	1,962
Equity income	336			168			37		(504		)	37
Income from continuing operations before income taxes	71			317			329		(504		)	213
Income tax (benefit) provision	(118		)	68			120		—			70
Income from continuing operations	189			249			209		(504		)	143
Income from discontinued operations, net of tax	—			—			46		—			46
Net income	$	189		$	249		$	255	$	(504	)	$	189
Comprehensive income	$	103		$	247		$	169	$	(416	)	$	103

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Six Months Ended June 30, 2017

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	229		$	1,335		$	—		$	1,564
Leased vehicle income	—			—			4,038			—			4,038
Other income	—			564			(15		)	(413		)	136
Total revenue	—			793			5,358			(413		)	5,738
Costs and expenses
Salaries and benefits	—			322			75			—			397
Other operating expenses	106			5			384			(229		)	266
Total operating expenses	106			327			459			(229		)	663
Leased vehicle expenses	—			—			2,978			—			2,978
Provision for loan losses	—			160			209			—			369
Interest expense	582			(29		)	862			(184		)	1,231
Total costs and expenses	688			458			4,508			(413		)	5,241
Equity income	590			491			88			(1,081		)	88
(Loss) income from continuing operations before income taxes	(98		)	826			938			(1,081		)	585
Income tax (benefit) provision	(362		)	159			339			—			136
Income from continuing operations	264			667			599			(1,081		)	449
Income (loss) from discontinued operations, net of tax	—			(7		)	(178		)	—			(185		)
Net income	$	264		$	660		$	421		$	(1,081	)	$	264
Comprehensive income	$	450		$	684		$	631		$	(1,315	)	$	450

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Six Months Ended June 30, 2016

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	217		$	1,172	$	—		$	1,389
Leased vehicle income	—			—			2,562		—			2,562
Other income	(1		)	415			13		(309		)	118
Total revenue	(1		)	632			3,747		(309		)	4,069
Costs and expenses
Salaries and benefits	—			275			66		—			341
Other operating expenses	(4		)	121			302		(191		)	228
Total operating expenses	(4		)	396			368		(191		)	569
Leased vehicle expenses	—			—			1,951		—			1,951
Provision for loan losses	—			180			154		—			334
Interest expense	441			(121		)	680		(118		)	882
Total costs and expenses	437			455			3,153		(309		)	3,736
Equity income	591			336			73		(927		)	73
Income from continuing operations before income taxes	153			513			667		(927		)	406
Income tax (benefit) provision	(200		)	80			245		—			125
Income from continuing operations	353			433			422		(927		)	281
Income from discontinued operations, net of tax	—			—			72		—			72
Net income	$	353		$	433		$	494	$	(927	)	$	353
Comprehensive income	$	419		$	470		$	567	$	(1,037	)	$	419

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2017

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities - continuing operations	$	(360	)	$	386		$	3,117		$	—		$	3,143
Net cash (used in) provided by operating activities - discontinued operations	—			(7		)	183			—			176
Net cash (used in) provided by operating activities	(360		)	379			3,300			—			3,319
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(10,315		)	(7,139		)	6,756			(10,698		)
Principal collections and recoveries on retail finance receivables	—			1,167			4,853			—			6,020
Proceeds from transfer of retail finance receivables, net	—			5,521			1,235			(6,756		)	—
Net funding of commercial finance receivables	—			(605		)	(1,156		)	—			(1,761		)
Purchases of leased vehicles, net	—			—			(9,884		)	—			(9,884		)
Proceeds from termination of leased vehicles	—			—			2,724			—			2,724
Other investing activities	—			(157		)	(7		)	117			(47		)
Net change in due from affiliates	(9,232		)	(3,885		)	—			13,117			—
Net change in investment in affiliates	12			1,134			—			(1,146		)	—
Net cash used in investing activities - continuing operations	(9,220		)	(7,140		)	(9,374		)	12,088			(13,646		)
Net cash used in investing activities - discontinued operations	—			—			(364		)	—			(364		)
Net cash used in investing activities	(9,220		)	(7,140		)	(9,738		)	12,088			(14,010		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	30			—			(381		)	—			(351		)
Borrowings and issuance of secured debt	—			—			15,787			(117		)	15,670
Payments on secured debt	—			—			(11,690		)	—			(11,690		)
Borrowings and issuance of unsecured debt	9,588			—			1,445			—			11,033
Payments on unsecured debt	—			—			(1,201		)	—			(1,201		)
Debt issuance costs	(38		)	—			(57		)	—			(95		)
Net capital contributions	—			—			(1,146		)	1,146			—
Net change in due to affiliates	—			9,163			3,954			(13,117		)	—
Net cash provided by financing activities - continuing operations	9,580			9,163			6,711			(12,088		)	13,366
Net cash provided by financing activities - discontinued operations	—			—			65			—			65
Net cash provided by financing activities	9,580			9,163			6,776			(12,088		)	13,431
Net increase in cash, cash equivalents and restricted cash	—			2,402			338			—			2,740
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			78			—			78
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	$	—		$	4,686		$	3,434		$	—		$	8,120
Cash, cash equivalents and restricted cash from continuing operations at end of period	$	—		$	4,686		$	2,811		$	—		$	7,497
Cash, cash equivalents and restricted cash from discontinued operations at end of period	$	—		$	—		$	623		$	—		$	623

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	$	—	$	4,686	$	515	$	—	$	5,201
Restricted cash included in other assets	—		—		2,296		—		2,296
Total	$	—	$	4,686	$	2,811	$	—	$	7,497

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2016

(Unaudited)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities - continuing operations	$	(218	)	$	(151	)	$	2,619		$	—		$	2,250
Net cash provided by operating activities - discontinued operations	—			—			368			—			368
Net cash (used in) provided by operating activities	(218		)	(151		)	2,987			—			2,618
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(8,110		)	(6,491		)	8,190			(6,411		)
Principal collections and recoveries on retail finance receivables	—			780			4,158			—			4,938
Proceeds from transfer of retail finance receivables, net	—			5,250			2,940			(8,190		)	—
Net funding of commercial finance receivables	—			(124		)	(399		)	—			(523		)
Purchases of leased vehicles, net	—			—			(10,138		)	—			(10,138		)
Proceeds from termination of leased vehicles	—			—			1,089			—			1,089
Other investing activities	—			(174		)	(5		)	139			(40		)
Net change in due from affiliates	(4,503		)	(2,958		)	—			7,461			—
Net change in investment in affiliates	6			723			—			(729		)	—
Net cash used in investing activities - continuing operations	(4,497		)	(4,613		)	(8,846		)	6,871			(11,085		)
Net cash used in investing activities - discontinued operations	—			—			(1,136		)	—			(1,136		)
Net cash used in investing activities	(4,497		)	(4,613		)	(9,982		)	6,871			(12,221		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	—			—			(320		)	—			(320		)
Borrowings and issuance of secured debt	—			—			13,204			(139		)	13,065
Payments on secured debt	—			—			(8,468		)	—			(8,468		)
Borrowings and issuance of unsecured debt	5,740			—			647			—			6,387
Payments on unsecured debt	(1,000		)	—			(758		)	—			(1,758		)
Debt issuance costs	(25		)	—			(53		)	—			(78		)
Net capital contributions	—			—			(729		)	729			—
Net change in due to affiliates	—			4,668			2,793			(7,461		)	—
Net cash provided by financing activities - continuing operations	4,715			4,668			6,316			(6,871		)	8,828
Net cash provided by financing activities - discontinued operations	—			—			850			—			850
Net cash provided by financing activities	4,715			4,668			7,166			(6,871		)	9,678
Net increase (decrease) in cash, cash equivalents and restricted cash	—			(96		)	171			—			75
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	—			—			35			—			35
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	$	—		$	2,223		$	2,889		$	—		$	5,112
Cash, cash equivalents and restricted cash from continuing operations at end of period	$	—		$	2,223		$	2,162		$	—		$	4,385
Cash, cash equivalents and restricted cash from discontinued operations at end of period	$	—		$	—		$	727		$	—		$	727