Segment Information (Tables)

9 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information for our reportable operating segments is summarized as follows:

	Three months ended December 31, 2020
	Finance		Insurance		Intercompany
	operations		operations		eliminations			Total
Total financing revenues	$	2,974	$	-	$	-		$	2,974
Depreciation on operating leases		1,450		-		-			1,450
Interest expense		491		-		-			491
Net financing revenues		1,033		-		-			1,033
Insurance earned premiums and contract revenues		-		241		-			241
Investment and other income, net		21		158		-			179
Net financing and other revenues		1,054		399		-			1,453
Expenses:
Provision for credit losses		118		-		-			118
Operating and administrative expenses		268		86		-			354
Insurance losses and loss adjustment expenses		-		98		-			98
Total expenses		386		184		-			570
Income before income taxes		668		215		-			883
Provision for income taxes		163		52		-			215
Net income	$	505	$	163	$	-		$	668
	Nine months ended December 31, 2020
	Finance		Insurance		Intercompany
	operations		operations		eliminations			Total
Total financing revenues	$	8,821	$	-	$	-		$	8,821
Depreciation on operating leases		4,484		-		-			4,484
Interest expense		1,534		-		-			1,534
Net financing revenues		2,803		-		-			2,803
Insurance earned premiums and contract revenues		-		714		-			714
Investment and other income, net		76		369		-			445
Net financing and other revenues		2,879		1,083		-			3,962
Expenses:
Provision for credit losses		366		-		-			366
Operating and administrative expenses		818		270		-			1,088
Insurance losses and loss adjustment expenses		-		265		-			265
Total expenses		1,184		535		-			1,719
Income before income taxes		1,695		548		-			2,243
Provision for income taxes		414		132		-			546
Net income	$	1,281	$	416	$	-		$	1,697
Total assets at December 31, 2020	$	128,442	$	6,176	$	(127	)	$	134,491

Note 13 – Segment Information (Continued)

	Three months ended December 31, 2019
	Finance		Insurance		Intercompany
	operations		operations		eliminations			Total
Total financing revenues	$	3,044	$	-	$	-		$	3,044
Depreciation on operating leases		1,712		-		-			1,712
Interest expense		759		-		(4	)		755
Net financing revenues		573		-		4			577
Insurance earned premiums and contract revenues		-		231		-			231
Investment and other income, net		42		19		(4	)		57
Net financing and other revenues		615		250		-			865
Expenses:
Provision for credit losses		128		-		-			128
Operating and administrative expenses		318		88		-			406
Insurance losses and loss adjustment expenses		-		116		-			116
Total expenses		446		204		-			650
Income before income taxes		169		46		-			215
Provision for income taxes		23		11		-			34
Net income	$	146	$	35	$	-		$	181
	Nine months ended December 31, 2019
	Finance		Insurance		Intercompany
	operations		operations		eliminations			Total
Total financing revenues	$	9,025	$	-	$	-		$	9,025
Depreciation on operating leases		4,920		-		-			4,920
Interest expense		2,081		-		(16	)		2,065
Net financing revenues		2,024		-		16			2,040
Insurance earned premiums and contract revenues		-		692		-			692
Investment and other income, net		117		171		(16	)		272
Net financing and other revenues		2,141		863		-			3,004
Expenses:
Provision for credit losses		264		-		-			264
Operating and administrative expenses		832		269		-			1,101
Insurance losses and loss adjustment expenses		-		344		-			344
Total expenses		1,096		613		-			1,709
Income before income taxes		1,045		250		-			1,295
Provision for income taxes		235		61		-			296
Net income	$	810	$	189	$	-		$	999
Total assets at December 31, 2019	$	118,228	$	5,491	$	(1,112	)	$	122,607