Guarantor Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2014

Guarantor Consolidating Financial Statements [abstract]

Condensed Balance Sheet [Table Text Block]

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2014

(unaudited, in millions)

	General Motors Financial Company, Inc.		Guarantor			Non- Guarantors		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	540		$	622	$	—		$	1,162
Finance receivables, net	—		1,235			29,311		—			30,546
Restricted cash	—		18			2,083		—			2,101
Property and equipment, net	—		5			128		—			133
Leased vehicles, net	—		—			3,726		—			3,726
Deferred income taxes	25		(194		)	609		—			440
Goodwill	1,095		—			144		—			1,239
Related party receivables	41		—			108		—			149
Other assets	81		11			324		(3		)	413
Due from affiliates	3,021		—			—		(3,021		)	—
Investment in affiliates	7,209		3,022			—		(10,231		)	—
Total assets	$	11,472	$	4,637		$	37,055	$	(13,255	)	$	39,909
Liabilities and Shareholder's Equity
Liabilities:
Secured debt	$	—	$	—		$	23,386	$	—		$	23,386
Unsecured debt	4,000		—			3,172		—			7,172
Accounts payable and accrued expenses	116		127			693		(3		)	933
Deferred income	—		—			184		—			184
Deferred taxes liabilities	—		—			8		—			8
Taxes payable	81		—			209		—			290
Related party taxes payable	838		—			1		(1		)	838
Related party payable	—		—			468		—			468
Other liabilities	—		10			183		—			193
Due to affiliates	—		721			2,299		(3,020		)	—
Total liabilities	5,035		858			30,603		(3,024		)	33,472
Shareholder's equity:
Common stock	—		—			620		(620		)	—
Additional paid-in capital	4,787		79			3,140		(3,219		)	4,787
Accumulated other comprehensive income	16		(28		)	29		(1		)	16
Retained earnings	1,634		3,728			2,663		(6,391		)	1,634
Total shareholder's equity	6,437		3,779			6,452		(10,231		)	6,437
Total liabilities and shareholder's equity	$	11,472	$	4,637		$	37,055	$	(13,255	)	$	39,909

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(in millions)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—		$	395		$	679		$	—		$	1,074
Finance receivables, net	—			612			28,670			—			29,282
Restricted cash	—			20			1,938			—			1,958
Property and equipment, net	—			5			127			—			132
Leased vehicles, net	—			—			3,383			—			3,383
Deferred income taxes	1			—			358			—			359
Goodwill	1,095			—			145			—			1,240
Related party receivables	29			—			100			—			129
Other assets	74			5			358			(4		)	433
Due from affiliates	3,754			863			—			(4,617		)	—
Investment in affiliates	6,994			3,565			—			(10,559		)	—
Total assets	$	11,947		$	5,465		$	35,758		$	(15,180	)	$	37,990
Liabilities and Shareholder's Equity
Liabilities:
Secured debt	$	—		$	—		$	22,073		$	—		$	22,073
Unsecured debt	4,000			—			2,973			—			6,973
Accounts payable and accrued expenses	101			133			716			(4		)	946
Deferred income	—			—			168			—			168
Deferred taxes payable	(28		)	161			(46		)	—			87
Taxes payable	83			—			204			—			287
Related party taxes payables	643			—			1			(1		)	643
Related party payable	—			—			368			—			368
Other liabilities	—			14			146			—			160
Due to affiliates	863			1,474			2,280			(4,617		)	—
Total liabilities	5,662			1,782			28,883			(4,622		)	31,705
Shareholder's equity:
Common stock	—			—			532			(532		)	—
Additional paid-in capital	4,785			79			3,833			(3,912		)	4,785
Accumulated other comprehensive income (loss)	11			(8		)	24			(16		)	11
Retained earnings	1,489			3,612			2,486			(6,098		)	1,489
Total shareholder's equity	6,285			3,683			6,875			(10,558		)	6,285
Total liabilities and shareholder's equity	$	11,947		$	5,465		$	35,758		$	(15,180	)	$	37,990

Condensed Income Statement [Table Text Block]

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended March 31, 2014

(unaudited, in millions)

	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	30	$	800	$	—		$	830
Leased vehicle income	—			—		200		—			200
Other income	20			127		38		(118		)	67
Equity in income of affiliates	170			116		—		(286		)	—
	190			273		1,038		(404		)	1,097
Costs and expenses
Salaries and benefits	—			53		83		—			136
Other operating expenses	1			33		161		(62		)	133
Total operating expenses	1			86		244		(62		)	269
Leased vehicle expenses	—			—		156		—			156
Provision for loan losses	—			60		75		—			135
Interest expense	55			11		305		(56		)	315
	56			157		780		(118		)	875
Income before income taxes	134			116		258		(286		)	222
Income tax (benefit) provision	(11		)	—		88		—			77
Net income	$	145		$	116	$	170	$	(286	)	$	145
Comprehensive income	$	150		$	96	$	175	$	(271	)	$	150

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended March 31, 2013

(unaudited, in millions)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	39		$	376	$	—		$	415
Leased vehicle income	—			—			107		—			107
Other income	14			41			47		(84		)	18
Equity in income of affiliates	113			146			—		(259		)	—
	127			226			530		(343		)	540
Costs and expenses
Salaries and benefits	—			48			26		—			74
Other operating expenses (income)	3			(25		)	56		—			34
Total operating expenses	3			23			82		—			108
Leased vehicle expenses	—			—			80		—			80
Provision for loan losses	—			67			27		—			94
Interest expense	21			35			110		(84		)	82
Acquisition and integration expenses	—			—			6		—			6
	24			125			305		(84		)	370
Income before income taxes	103			101			225		(259		)	170
Income tax (benefit) provision	(3		)	(14		)	81		—			64
Net income	$	106		$	115		$	144	$	(259	)	$	106
Comprehensive income	$	100		$	116		$	138	$	(254	)	$	100

Condensed Cash Flow Statement [Table Text Block]

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2014

(unaudited, in millions)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	175		$	57		$	233		$	—		$	465
Cash flows from investing activities:
Purchases of consumer finance receivables, net	—			(1,363		)	(2,822		)	881			(3,304		)
Principal collections and recoveries on consumer finance receivables	—			(33		)	2,650			—			2,617
Proceeds from sale of consumer finance receivables, net	—			881			—			(881		)	—
Net funding of commercial finance receivables	—			(152		)	(198		)	—			(350		)
Purchases of leased vehicles, net	—			—			(628		)	—			(628		)
Proceeds from termination of leased vehicles	—			—			123			—			123
Purchases of property and equipment	—			—			(7		)	—			(7		)
Change in restricted cash	—			3			(150		)	—			(147		)
Net change in investment in affiliates	—			640			—			(640		)	—
Net cash used in investing activities	—			(24		)	(1,032		)	(640		)	(1,696		)
Cash flows from financing activities:
Net increase in debt (original maturities less than three months)	—			—			451			—			451
Borrowings and issuance of secured debt	—			—			5,070			—			5,070
Payments on secured debt	—			—			(4,238		)	—			(4,238		)
Borrowings and issuance of unsecured debt	—			—			390			—			390
Payments on unsecured debt	—			—			(330		)	—			(330		)
Net capital contributions	(45		)	—			(595		)	640			—
Debt issuance costs	—			—			(23		)	—			(23		)
Net change in due from/due to affiliates	(130		)	112			18			—			—
Net cash (used in) provided by financing activities	(175		)	112			743			640			1,320
Net increase (decrease) in cash and cash equivalents	—			145			(56		)	—			89
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			(1		)	—			(1		)
Cash and cash equivalents at beginning of period	—			395			679			—			1,074
Cash and cash equivalents at end of period	$	—		$	540		$	622		$	—		$	1,162

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2013

(unaudited, in millions)

	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash provided by operating activities	$	28		$	113		$	174		$	—		$	315
Cash flows from investing activities:
Purchases of consumer finance receivables, net	—			(1,343		)	(2,114		)	2,114			(1,343		)
Principal collections and recoveries on consumer finance receivables	—			—			1,096			—			1,096
Proceeds from sale of consumer finance receivables, net	—			2,114			—			(2,114		)	—
Net funding of commercial finance receivables	—			(361		)	(644		)	732			(273		)
Proceeds from sale of commercial finance receivables, net	—			732			—			(732		)	—
Purchases of leased vehicles, net	—			—			(510		)	—			(510		)
Proceeds from termination of leased vehicles	—			—			37			—			37
Purchases of property and equipment	—			—			(1		)	—			(1		)
Change in restricted cash	—			—			(88		)	—			(88		)
Change in other assets	—			—			5			—			5
Net change in investment in affiliates	(6		)	(1,095		)	—			1,101			—
Net cash (used in) provided by investing activities	(6		)	47			(2,219		)	1,101			(1,077		)
Cash flows from financing activities:
Borrowings and issuance of secured debt	—			—			3,384			—			3,384
Payments on secured debt	—			—			(1,000		)	—			(1,000		)
Debt issuance costs	—			—			(13		)	—			(13		)
Net capital contribution to subsidiaries	—			—			1,101			(1,101		)	—
Net change in due from/due to affiliates	(21		)	1,422			(1,401		)	—			—
Net cash (used in) provided by financing activities	(21		)	1,422			2,071			(1,101		)	2,371
Net increase in cash and cash equivalents	—			1,582			26			—			1,609
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			(1		)	—			(1		)
Cash and cash equivalents at beginning of period	—			1,252			37			—			1,289
Cash and cash equivalents at end of period	$	—		$	2,834		$	62		$	—		$	2,897