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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Income from continuing operations $ 1,567 $ 1,570 $ 1,085
Adjustments to reconcile income from continuing operations to net cash provided by operating activities      
Depreciation and amortization 7,538 7,697 6,706
Accretion and amortization of loan and leasing fees (1,953) (2,018) (1,711)
Undistributed earnings of non-consolidated affiliates, net (121) (183) (173)
Provision for loan losses 726 642 757
Deferred income taxes 440 239 42
Stock-based compensation expense 50 29 48
Gain on termination of leased vehicles (652) (641) (166)
Other operating activities 53 166 (140)
Changes in assets and liabilities:      
Other assets 259 (401) (54)
Accounts payable and accrued expenses 134 262 153
Other liabilities 28 10 (28)
Net cash provided by operating activities - continuing operations 8,069 7,372 6,519
Net cash provided by operating activities - discontinued operations 0 0 233
Net cash provided by operating activities 8,069 7,372 6,752
Cash flows from investing activities      
Purchases of retail finance receivables, net (25,341) (26,315) (19,524)
Principal collections and recoveries on retail finance receivables 22,889 17,357 12,854
Net collections (funding) of commercial finance receivables 650 (2,573) (2,584)
Purchases of leased vehicles, net (16,404) (16,736) (19,180)
Proceeds from termination of leased vehicles 13,302 10,864 6,667
Purchases of property and equipment (47) (60) (94)
Acquisition of equity interest (5) (54) 0
Other investing activities 2 1 2
Net cash used in investing activities - continuing operations (4,954) (17,516) (21,859)
Net cash provided by investing activities - discontinued operations 0 0 3
Net cash used in investing activities (4,954) (17,516) (21,856)
Cash flows from financing activities      
Net change in debt (original maturities less than three months) (304) 1,124 (105)
Borrowings and issuances of secured debt 25,078 26,693 32,480
Payments on secured debt (27,806) (23,626) (27,451)
Borrowings and issuances of unsecured debt 10,457 12,200 15,883
Payments on unsecured debt (10,276) (5,215) (5,018)
Debt issuance costs (116) (146) (155)
Proceeds from issuance of preferred stock 0 492 985
Dividends paid (491) (434) (550)
Net cash (used in) provided by financing activities - continuing operations (3,458) 11,088 16,069
Net cash provided by financing activities - discontinued operations 0 0 219
Net cash (used in) provided by financing activities (3,458) 11,088 16,288
Net (decrease) increase in cash, cash equivalents and restricted cash (343) 944 1,184
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2 (68) 81
Cash, cash equivalents and restricted cash at beginning of period 7,443 6,567 5,302
Cash, cash equivalents and restricted cash at end of period 7,102 7,443 6,567
Supplemental Cash Flow Elements      
Total $ 7,102 $ 7,443 $ 6,567