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Asset-Backed Financing (Tables)
3 Months Ended
Mar. 31, 2024
Transfers and Servicing [Abstract]  
Schedule of Assets and Liabilities Related to the On-Balance Sheet Financing
The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands):
March 31, 2024
Finance receivablesAllowance for credit lossesRestricted cashOther assetsTotal assetsAsset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations$2,087,904 $(112,611)$102,940 $6,396 $2,084,629 $1,644,626 
Asset-backed U.S. commercial paper conduit facility539,559 (29,097)33,878 1,874 546,214 502,521 
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility102,111 (4,567)5,931 328 103,803 88,333 
$2,729,574 $(146,275)$142,749 $8,598 $2,734,646 $2,235,480 
December 31, 2023
Finance receivablesAllowance for credit lossesRestricted cashOther assetsTotal assetsAsset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations$2,348,817 $(126,882)$94,137 $6,719 $2,322,791 $1,877,368 
Asset-backed U.S. commercial paper conduit facility259,441 (14,001)16,443 2,066 263,949 233,258 
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility81,916 (3,667)4,425 211 82,885 70,742 
$2,690,174 $(144,550)$115,005 $8,996 $2,669,625 $2,181,368 
March 31, 2023
Finance receivablesAllowance for credit lossesRestricted cashOther assetsTotal assetsAsset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations$2,815,885 $(144,336)$142,265 $8,799 $2,822,613 $2,257,799 
Asset-backed U.S. commercial paper conduit facility410,529 (21,031)29,020 1,939 420,457 372,816 
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility70,485 (2,980)5,193 151 72,849 62,195 
$3,296,899 $(168,347)$176,478 $10,889 $3,315,919 $2,692,810