Guarantor Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2016

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	1,692		$	896		$	—		$	2,588
Finance receivables, net	—			7,932			33,200			—			41,132
Leased vehicles, net	—			—			31,775			—			31,775
Restricted cash	—			19			2,036			—			2,055
Goodwill	1,095			—			103			—			1,198
Equity in net assets of non-consolidated affiliates	—			—			940			—			940
Property and equipment, net	—			127			126			—			253
Deferred income taxes	422			—			265			(377		)	310
Related party receivables	—			53			797			—			850
Other assets	18			311			850			(169		)	1,010
Due from affiliates	23,089			14,177			—			(37,266		)	—
Investment in affiliates	9,357			4,539			—			(13,896		)	—
Total assets	$	33,981		$	28,850		$	70,988		$	(51,708	)	$	82,111
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	35,406		$	(169	)	$	35,237
Unsecured debt	25,085			—			8,441			—			33,526
Accounts payable and accrued expenses	201			289			929			—			1,419
Deferred income	—			—			2,226			—			2,226
Deferred income taxes	—			15			661			(377		)	299
Related party payables	—			—			407			—			407
Other liabilities	77			38			264			—			379
Due to affiliates	—			23,027			14,239			(37,266		)	—
Total liabilities	25,363			23,369			62,573			(37,812		)	73,493
Shareholder's equity
Common stock	—			—			698			(698		)	—
Additional paid-in capital	6,495			79			3,972			(4,051		)	6,495
Accumulated other comprehensive loss	(1,049		)	(147		)	(1,029		)	1,176			(1,049		)
Retained earnings	3,172			5,549			4,774			(10,323		)	3,172
Total shareholder's equity	8,618			5,481			8,415			(13,896		)	8,618
Total liabilities and shareholder's equity	$	33,981		$	28,850		$	70,988		$	(51,708	)	$	82,111

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2015

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	2,259		$	802		$	—		$	3,061
Finance receivables, net	—			4,808			31,973			—			36,781
Leased vehicles, net	—			—			20,172			—			20,172
Restricted cash	—			60			1,881			—			1,941
Goodwill	1,095			—			94			—			1,189
Equity in net assets of non-consolidated affiliates	—			—			986			—			986
Property and equipment, net	—			41			178			—			219
Deferred income taxes	212			—			179			(160		)	231
Related party receivables	—			27			546			—			573
Other assets	32			32			687			—			751
Due from affiliates	15,573			7,556			—			(23,129		)	—
Investment in affiliates	8,476			6,425			—			(14,901		)	—
Total assets	$	25,388		$	21,208		$	57,498		$	(38,190	)	$	65,904
LIABILITIES AND SHAREHOLDER'S EQUITY
Liabilities
Secured debt	$	—		$	—		$	30,689		$	—		$	30,689
Unsecured debt	17,087			—			6,570			—			23,657
Accounts payable and accrued expenses	181			717			320			—			1,218
Deferred income	—			—			1,454			—			1,454
Deferred income taxes	—			289			—			(160		)	129
Related party payables	—			—			362			—			362
Other liabilities	68			34			241			—			343
Due to affiliates	—			15,495			7,634			(23,129		)	—
Total liabilities	17,336			16,535			47,270			(23,289		)	57,852
Shareholder's equity
Common stock	—			—			698			(698		)	—
Additional paid-in capital	6,484			79			6,490			(6,569		)	6,484
Accumulated other comprehensive loss	(1,104		)	(175		)	(1,095		)	1,270			(1,104		)
Retained earnings	2,672			4,769			4,135			(8,904		)	2,672
Total shareholder's equity	8,052			4,673			10,228			(14,901		)	8,052
Total liabilities and shareholder's equity	$	25,388		$	21,208		$	57,498		$	(38,190	)	$	65,904

Condensed Consolidating Statement of Income

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended September 30, 2016

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	127		$	710	$	—		$	837
Leased vehicle income	—			—			1,590		—			1,590
Other income	—			213			30		(171		)	72
Total revenue	—			340			2,330		(171		)	2,499
Costs and expenses
Salaries and benefits	—			157			66		—			223
Other operating expenses	6			54			210		(101		)	169
Total operating expenses	6			211			276		(101		)	392
Leased vehicle expenses	—			—			1,202		—			1,202
Provision for loan losses	—			102			70		—			172
Interest expense	171			54			386		(70		)	541
Total costs and expenses	177			367			1,934		(171		)	2,307
Equity income	267			202			36		(469		)	36
Income before income taxes	90			175			432		(469		)	228
Income tax (benefit) provision	(57		)	(17		)	155		—			81
Net income	$	147		$	192		$	277	$	(469	)	$	147

Comprehensive income	$	136		$	183		$	270	$	(453	)	$	136

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Three Months Ended September 30, 2015

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors			Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	114	$	728		$	—		$	842
Leased vehicle income	—			—		797			—			797
Other income	2			137		33			(104		)	68
Total revenue	2			251		1,558			(104		)	1,707
Costs and expenses
Salaries and benefits	—			79		106			—			185
Other operating expenses	21			25		150			(61		)	135
Total operating expenses	21			104		256			(61		)	320
Leased vehicle expenses	—			—		629			—			629
Provision for loan losses	—			112		32			—			144
Interest expense	134			—		321			(43		)	412
Total costs and expenses	155			216		1,238			(104		)	1,505
Equity income	255			167		29			(422		)	29
Income before income taxes	102			202		349			(422		)	231
Income tax (benefit) provision	(77		)	15		114			—			52
Net income	$	179		$	187	$	235		$	(422	)	$	179

Comprehensive (loss) income	$	(103	)	$	141	$	(47	)	$	(94	)	$	(103	)

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Nine Months Ended September 30, 2016

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	344		$	2,137	$	—		$	2,481
Leased vehicle income	—			—			4,164		—			4,164
Other income	(1		)	628			74		(480		)	221
Total revenue	(1		)	972			6,375		(480		)	6,866
Costs and expenses
Salaries and benefits	—			432			187		—			619
Other operating expenses	2			175			565		(292		)	450
Total operating expenses	2			607			752		(292		)	1,069
Leased vehicle expenses	—			—			3,163		—			3,163
Provision for loan losses	—			282			237		—			519
Interest expense	612			(67		)	1,148		(188		)	1,505
Total costs and expenses	614			822			5,300		(480		)	6,256
Equity income	858			538			109		(1,396		)	109
Income before income taxes	243			688			1,184		(1,396		)	719
Income tax (benefit) provision	(257		)	63			413		—			219
Net income	$	500		$	625		$	771	$	(1,396	)	$	500

Comprehensive income	$	555		$	653		$	837	$	(1,490	)	$	555

CONDENSED CONSOLIDATING STATEMENT OF INCOME

Nine Months Ended September 30, 2015

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income	$	—		$	294	$	2,250	$	—		$	2,544
Leased vehicle income	—			—		1,827		—			1,827
Other income	13			363		118		(289		)	205
Total revenue	13			657		4,195		(289		)	4,576
Costs and expenses
Salaries and benefits	—			245		286		—			531
Other operating expenses	56			95		453		(190		)	414
Total operating expenses	56			340		739		(190		)	945
Leased vehicle expenses	—			—		1,423		—			1,423
Provision for loan losses	—			302		138		—			440
Interest expense	342			1		939		(99		)	1,183
Total costs and expenses	398			643		3,239		(289		)	3,991
Equity income	716			452		85		(1,168		)	85
Income before income taxes	331			466		1,041		(1,168		)	670
Income tax (benefit) provision	(184		)	6		333		—			155
Net income	$	515		$	460	$	708	$	(1,168	)	$	515

Comprehensive (loss) income	$	(8	)	$	370	$	181	$	(551	)	$	(8	)

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Nine Months Ended September 30, 2016

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(469	)	$	(379	)	$	4,704		$	—		$	3,856
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(12,676		)	(12,891		)	12,315			(13,252		)
Principal collections and recoveries on retail finance receivables	—			1,274			8,630			—			9,904
Proceeds from transfer of retail finance receivables, net	—			8,232			4,083			(12,315		)	—
Net funding of commercial finance receivables	—			(335		)	(1,347		)	—			(1,682		)
Purchases of leased vehicles, net	—			—			(15,030		)	—			(15,030		)
Proceeds from termination of leased vehicles	—			—			1,801			—			1,801
Purchases of property and equipment	—			(50		)	(21		)	—			(71		)
Change in restricted cash	—			41			(164		)	—			(123		)
Other investing activities				(169		)	(3		)	169			(3		)
Net change in due from affiliates	(7,506		)	(6,621		)	—			14,127			—
Net change in investment in affiliates	24			2,473			—			(2,497		)	—
Net cash used in investing activities	(7,482		)	(7,831		)	(14,942		)	11,799			(18,456		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	1			—			496			—			497
Borrowings and issuance of secured debt	—			—			19,573			(169		)	19,404
Payments on secured debt	—			—			(14,599		)	—			(14,599		)
Borrowings and issuance of unsecured debt	8,987			—			2,312			—			11,299
Payments on unsecured debt	(1,000		)	—			(1,386		)	—			(2,386		)
Net capital contributions	—			—			(2,497		)	2,497			—
Debt issuance costs	(37		)	—			(82		)	—			(119		)
Net change in due to affiliates	—			7,643			6,484			(14,127		)	—
Net cash provided by financing activities	7,951			7,643			10,301			(11,799		)	14,096
Net increase (decrease) in cash and cash equivalents	—			(567		)	63			—			(504		)
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			31			—			31
Cash and cash equivalents at beginning of period	—			2,259			802			—			3,061
Cash and cash equivalents at end of period	$	—		$	1,692		$	896		$	—		$	2,588

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Nine Months Ended September 30, 2015

(Unaudited)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(184	)	$	314		$	2,037		$	—		$	2,167
Cash flows from investing activities
Purchases of retail finance receivables, net	—			(9,045		)	(11,938		)	7,884			(13,099		)
Principal collections and recoveries on retail finance receivables	—			414			8,304			—			8,718
Proceeds from transfer of retail finance receivables, net	—			6,939			945			(7,884		)	—
Net funding of commercial finance receivables	—			172			(351		)	—			(179		)
Purchases of leased vehicles, net	—			—			(11,258		)	—			(11,258		)
Proceeds from termination of leased vehicles	—			—			662			—			662
Acquisition of international operations	(513		)	(536		)	—			—			(1,049		)
Disposition of equity interest	—			125			—			—			125
Purchases of property and equipment	—			(22		)	(42		)	—			(64		)
Change in restricted cash	—			(20		)	(216		)	—			(236		)
Other investing activities	—			—			24			—			24
Net change in due from affiliates	(6,189		)	(3,973		)	—			10,162			—
Net change in investment in affiliates	(6		)	(2,644		)	—			2,650			—
Net cash used in investing activities	(6,708		)	(8,590		)	(13,870		)	12,812			(16,356		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	—			—			539			—			539
Borrowings and issuance of secured debt	—			—			15,095			—			15,095
Payments on secured debt	—			—			(10,903		)	—			(10,903		)
Borrowings and issuance of unsecured debt	6,939			—			2,620			—			9,559
Payments on unsecured debt	—			—			(1,195		)	—			(1,195		)
Net capital contributions	—			—			2,650			(2,650		)	—
Debt issuance costs	(47		)	—			(77		)	—			(124		)
Net change in due to affiliates	—			6,844			3,318			(10,162		)	—
Net cash provided by financing activities	6,892			6,844			12,047			(12,812		)	12,971
Net increase (decrease) in cash and cash equivalents	—			(1,432		)	214			—			(1,218		)
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			(154		)	—			(154		)
Cash and cash equivalents at beginning of period	—			2,266			708			—			2,974
Cash and cash equivalents at end of period	$	—		$	834		$	768		$	—		$	1,602