Guarantor Condensed Consolidating Financial Statements |
Guarantor Condensed Consolidating Financial Statements The payment of principal and interest on senior notes issued by our top-tier holding company is currently guaranteed solely by AFSI (the Guarantor) and none of our other subsidiaries (the Non-Guarantor Subsidiaries). The Guarantor is a 100% owned consolidated subsidiary and is unconditionally liable for the obligations represented by the senior notes. The Guarantor’s guarantee may be released only upon customary circumstances, the terms of which vary by issuance. Customary circumstances include the sale or disposition of all of the Guarantor’s assets or capital stock, the achievement of investment grade rating of the senior notes and legal or covenant defeasance. The condensed consolidating financial statements present consolidating financial data for (i) General Motors Financial Company, Inc. (on a parent-only basis), (ii) the Guarantor, (iii) the combined Non-Guarantor Subsidiaries and (iv) the parent company and our subsidiaries on a consolidated basis at June 30, 2017 and December 31, 2016, and for the three and six months ended June 30, 2017 and 2016 (after the elimination of intercompany balances and transactions). Investments in subsidiaries are accounted for by the parent company using the equity method for purposes of this presentation. Results of operations of subsidiaries are therefore reflected in the parent company's investment accounts and earnings. The principal elimination entries set forth below eliminate investments in subsidiaries and intercompany balances and transactions. CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2017 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | Cash and cash equivalents | $ | — |
| | $ | 4,686 |
| | $ | 515 |
| | $ | — |
| | $ | 5,201 |
| Finance receivables, net | — |
| | 9,023 |
| | 30,859 |
| | — |
| | 39,882 |
| Leased vehicles, net | — |
| | — |
| | 39,725 |
| | — |
| | 39,725 |
| Goodwill | 1,095 |
| | — |
| | 103 |
| | — |
| | 1,198 |
| Equity in net assets of non-consolidated affiliate | — |
| | — |
| | 1,056 |
| | — |
| | 1,056 |
| Related party receivables | — |
| | 56 |
| | 327 |
| | — |
| | 383 |
| Other assets | 774 |
| | 983 |
| | 3,676 |
| | (1,056 | ) | | 4,377 |
| Assets held for sale | — |
| | — |
| | 11,694 |
| | (5 | ) | | 11,689 |
| Due from affiliates | 33,781 |
| | 19,949 |
| | — |
| | (53,730 | ) | | — |
| Investment in affiliates | 9,774 |
| | 5,826 |
| | — |
| | (15,600 | ) | | — |
| Total assets | $ | 45,424 |
| | $ | 40,523 |
| | $ | 87,955 |
| | $ | (70,391 | ) | | $ | 103,511 |
| LIABILITIES AND SHAREHOLDER'S EQUITY | | | | | | | | | | Liabilities | | | | | | | | | | Secured debt | $ | — |
| | $ | — |
| | $ | 39,114 |
| | $ | (286 | ) | | $ | 38,828 |
| Unsecured debt | 35,829 |
| | — |
| | 3,822 |
| | — |
| | 39,651 |
| Deferred income | — |
| | — |
| | 2,830 |
| | — |
| | 2,830 |
| Related party payables | 1 |
| | — |
| | 272 |
| | — |
| | 273 |
| Other liabilities | 438 |
| | 694 |
| | 1,939 |
| | (770 | ) | | 2,301 |
| Liabilities held for sale | — |
| | — |
| | 10,475 |
| | (3 | ) | | 10,472 |
| Due to affiliates | — |
| | 33,601 |
| | 20,131 |
| | (53,732 | ) | | — |
| Total liabilities | 36,268 |
| | 34,295 |
| | 78,583 |
| | (54,791 | ) | | 94,355 |
| Shareholder's equity | | | | | | | | | | Common stock | — |
| | — |
| | 698 |
| | (698 | ) | | — |
| Additional paid-in capital | 6,518 |
| | 79 |
| | 4,200 |
| | (4,279 | ) | | 6,518 |
| Accumulated other comprehensive loss | (1,052 | ) | | (137 | ) | | (1,013 | ) | | 1,150 |
| | (1,052 | ) | Retained earnings | 3,690 |
| | 6,286 |
| | 5,487 |
| | (11,773 | ) | | 3,690 |
| Total shareholder's equity | 9,156 |
| | 6,228 |
| | 9,372 |
| | (15,600 | ) | | 9,156 |
| Total liabilities and shareholder's equity | $ | 45,424 |
| | $ | 40,523 |
| | $ | 87,955 |
| | $ | (70,391 | ) | | $ | 103,511 |
|
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | Cash and cash equivalents | $ | — |
| | $ | 2,284 |
| | $ | 531 |
| | $ | — |
| | $ | 2,815 |
| Finance receivables, net | — |
| | 4,969 |
| | 28,506 |
| | — |
| | 33,475 |
| Leased vehicles, net | — |
| | — |
| | 34,342 |
| | — |
| | 34,342 |
| Goodwill | 1,095 |
| | — |
| | 101 |
| | — |
| | 1,196 |
| Equity in net assets of non-consolidated affiliate | — |
| | — |
| | 944 |
| | — |
| | 944 |
| Related party receivables | — |
| | 25 |
| | 322 |
| | — |
| | 347 |
| Other assets | 506 |
| | 884 |
| | 3,065 |
| | (760 | ) | | 3,695 |
| Assets held for sale | — |
| | — |
| | 10,959 |
| | (8 | ) | | 10,951 |
| Due from affiliates | 24,548 |
| | 16,065 |
| | — |
| | (40,613 | ) | | — |
| Investment in affiliates | 8,986 |
| | 6,445 |
| | — |
| | (15,431 | ) | | — |
| Total assets | $ | 35,135 |
| | $ | 30,672 |
| | $ | 78,770 |
| | $ | (56,812 | ) | | $ | 87,765 |
| LIABILITIES AND SHAREHOLDER'S EQUITY | | | | | | | | | | Liabilities | | | | | | | | | | Secured debt | $ | — |
| | $ | — |
| | $ | 35,256 |
| | $ | (169 | ) | | $ | 35,087 |
| Unsecured debt | 26,076 |
| | — |
| | 3,400 |
| | — |
| | 29,476 |
| Deferred income | — |
| | — |
| | 2,355 |
| | — |
| | 2,355 |
| Related party payables | 1 |
| | — |
| | 319 |
| | — |
| | 320 |
| Other liabilities | 365 |
| | 690 |
| | 1,677 |
| | (591 | ) | | 2,141 |
| Liabilities held for sale | — |
| | — |
| | 9,694 |
| | (1 | ) | | 9,693 |
| Due to affiliates | — |
| | 24,437 |
| | 16,183 |
| | (40,620 | ) | | — |
| Total liabilities | 26,442 |
| | 25,127 |
| | 68,884 |
| | (41,381 | ) | | 79,072 |
| Shareholder's equity | | | | | | | | | | Common stock | — |
| | — |
| | 698 |
| | (698 | ) | | — |
| Additional paid-in capital | 6,505 |
| | 79 |
| | 5,345 |
| | (5,424 | ) | | 6,505 |
| Accumulated other comprehensive loss | (1,238 | ) | | (161 | ) | | (1,223 | ) | | 1,384 |
| | (1,238 | ) | Retained earnings | 3,426 |
| | 5,627 |
| | 5,066 |
| | (10,693 | ) | | 3,426 |
| Total shareholder's equity | 8,693 |
| | 5,545 |
| | 9,886 |
| | (15,431 | ) | | 8,693 |
| Total liabilities and shareholder's equity | $ | 35,135 |
| | $ | 30,672 |
| | $ | 78,770 |
| | $ | (56,812 | ) | | $ | 87,765 |
|
CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended June 30, 2017 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Revenue | | | | | | | | | | Finance charge income | $ | — |
| | $ | 134 |
| | $ | 678 |
| | $ | — |
| | $ | 812 |
| Leased vehicle income | — |
| | — |
| | 2,107 |
| | — |
| | 2,107 |
| Other income | — |
| | 291 |
| | (6 | ) | | (214 | ) | | 71 |
| Total revenue | — |
| | 425 |
| | 2,779 |
| | (214 | ) | | 2,990 |
| Costs and expenses | | | | | | | | | | Salaries and benefits | — |
| | 159 |
| | 39 |
| | — |
| | 198 |
| Other operating expenses | 99 |
| | (39 | ) | | 194 |
| | (119 | ) | | 135 |
| Total operating expenses | 99 |
| | 120 |
| | 233 |
| | (119 | ) | | 333 |
| Leased vehicle expenses | — |
| | — |
| | 1,549 |
| | — |
| | 1,549 |
| Provision for loan losses | — |
| | 87 |
| | 71 |
| | — |
| | 158 |
| Interest expense | 347 |
| | (62 | ) | | 445 |
| | (95 | ) | | 635 |
| Total costs and expenses | 446 |
| | 145 |
| | 2,298 |
| | (214 | ) | | 2,675 |
| Equity income | 275 |
| | 276 |
| | 41 |
| | (551 | ) | | 41 |
| (Loss) income from continuing operations before income taxes | (171 | ) | | 556 |
| | 522 |
| | (551 | ) | | 356 |
| Income tax (benefit) provision | (233 | ) | | 133 |
| | 186 |
| | — |
| | 86 |
| Income from continuing operations | 62 |
| | 423 |
| | 336 |
| | (551 | ) | | 270 |
| Income (loss) from discontinued operations, net of tax | — |
| | (7 | ) | | (201 | ) | | — |
| | (208 | ) | Net income | $ | 62 |
| | $ | 416 |
| | $ | 135 |
| | $ | (551 | ) | | $ | 62 |
| | | | | | | | | | | Comprehensive income | $ | 158 |
| | $ | 436 |
| | $ | 245 |
| | $ | (681 | ) | | $ | 158 |
|
CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Revenue | | | | | | | | | | Finance charge income | $ | — |
| | $ | 118 |
| | $ | 580 |
| | $ | — |
| | $ | 698 |
| Leased vehicle income | — |
| | — |
| | 1,383 |
| | — |
| | 1,383 |
| Other income | — |
| | 210 |
| | 10 |
| | (163 | ) | | 57 |
| Total revenue | — |
| | 328 |
| | 1,973 |
| | (163 | ) | | 2,138 |
| Costs and expenses | | | | | | | | | | Salaries and benefits | — |
| | 140 |
| | 35 |
| | — |
| | 175 |
| Other operating expenses | — |
| | 53 |
| | 166 |
| | (98 | ) | | 121 |
| Total operating expenses | — |
| | 193 |
| | 201 |
| | (98 | ) | | 296 |
| Leased vehicle expenses | — |
| | — |
| | 1,062 |
| | — |
| | 1,062 |
| Provision for loan losses | — |
| | 77 |
| | 67 |
| | — |
| | 144 |
| Interest expense | 265 |
| | (91 | ) | | 351 |
| | (65 | ) | | 460 |
| Total costs and expenses | 265 |
| | 179 |
| | 1,681 |
| | (163 | ) | | 1,962 |
| Equity income | 336 |
| | 168 |
| | 37 |
| | (504 | ) | | 37 |
| Income from continuing operations before income taxes | 71 |
| | 317 |
| | 329 |
| | (504 | ) | | 213 |
| Income tax (benefit) provision | (118 | ) | | 68 |
| | 120 |
| | — |
| | 70 |
| Income from continuing operations | 189 |
| | 249 |
| | 209 |
| | (504 | ) | | 143 |
| Income from discontinued operations, net of tax | — |
| | — |
| | 46 |
| | — |
| | 46 |
| Net income | $ | 189 |
| | $ | 249 |
| | $ | 255 |
| | $ | (504 | ) | | $ | 189 |
| | | | | | | | | | | Comprehensive income | $ | 103 |
| | $ | 247 |
| | $ | 169 |
| | $ | (416 | ) | | $ | 103 |
|
CONDENSED CONSOLIDATING STATEMENT OF INCOME Six Months Ended June 30, 2017 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Revenue | | | | | | | | | | Finance charge income | $ | — |
| | $ | 229 |
| | $ | 1,335 |
| | $ | — |
| | $ | 1,564 |
| Leased vehicle income | — |
| | — |
| | 4,038 |
| | — |
| | 4,038 |
| Other income | — |
| | 564 |
| | (15 | ) | | (413 | ) | | 136 |
| Total revenue | — |
| | 793 |
| | 5,358 |
| | (413 | ) | | 5,738 |
| Costs and expenses | | | | | | | | | | Salaries and benefits | — |
| | 322 |
| | 75 |
| | — |
| | 397 |
| Other operating expenses | 106 |
| | 5 |
| | 384 |
| | (229 | ) | | 266 |
| Total operating expenses | 106 |
| | 327 |
| | 459 |
| | (229 | ) | | 663 |
| Leased vehicle expenses | — |
| | — |
| | 2,978 |
| | — |
| | 2,978 |
| Provision for loan losses | — |
| | 160 |
| | 209 |
| | — |
| | 369 |
| Interest expense | 582 |
| | (29 | ) | | 862 |
| | (184 | ) | | 1,231 |
| Total costs and expenses | 688 |
| | 458 |
| | 4,508 |
| | (413 | ) | | 5,241 |
| Equity income | 590 |
| | 491 |
| | 88 |
| | (1,081 | ) | | 88 |
| (Loss) income from continuing operations before income taxes | (98 | ) | | 826 |
| | 938 |
| | (1,081 | ) | | 585 |
| Income tax (benefit) provision | (362 | ) | | 159 |
| | 339 |
| | — |
| | 136 |
| Income from continuing operations | 264 |
| | 667 |
| | 599 |
| | (1,081 | ) | | 449 |
| Income (loss) from discontinued operations, net of tax | — |
| | (7 | ) | | (178 | ) | | — |
| | (185 | ) | Net income | $ | 264 |
| | $ | 660 |
| | $ | 421 |
| | $ | (1,081 | ) | | $ | 264 |
| | | | | | | | | | | Comprehensive income | $ | 450 |
| | $ | 684 |
| | $ | 631 |
| | $ | (1,315 | ) | | $ | 450 |
|
CONDENSED CONSOLIDATING STATEMENT OF INCOME Six Months Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Revenue | | | | | | | | | | Finance charge income | $ | — |
| | $ | 217 |
| | $ | 1,172 |
| | $ | — |
| | $ | 1,389 |
| Leased vehicle income | — |
| | — |
| | 2,562 |
| | — |
| | 2,562 |
| Other income | (1 | ) | | 415 |
| | 13 |
| | (309 | ) | | 118 |
| Total revenue | (1 | ) | | 632 |
| | 3,747 |
| | (309 | ) | | 4,069 |
| Costs and expenses | | | | | | | | | | Salaries and benefits | — |
| | 275 |
| | 66 |
| | — |
| | 341 |
| Other operating expenses | (4 | ) | | 121 |
| | 302 |
| | (191 | ) | | 228 |
| Total operating expenses | (4 | ) | | 396 |
| | 368 |
| | (191 | ) | | 569 |
| Leased vehicle expenses | — |
| | — |
| | 1,951 |
| | — |
| | 1,951 |
| Provision for loan losses | — |
| | 180 |
| | 154 |
| | — |
| | 334 |
| Interest expense | 441 |
| | (121 | ) | | 680 |
| | (118 | ) | | 882 |
| Total costs and expenses | 437 |
| | 455 |
| | 3,153 |
| | (309 | ) | | 3,736 |
| Equity income | 591 |
| | 336 |
| | 73 |
| | (927 | ) | | 73 |
| Income from continuing operations before income taxes | 153 |
| | 513 |
| | 667 |
| | (927 | ) | | 406 |
| Income tax (benefit) provision | (200 | ) | | 80 |
| | 245 |
| | — |
| | 125 |
| Income from continuing operations | 353 |
| | 433 |
| | 422 |
| | (927 | ) | | 281 |
| Income from discontinued operations, net of tax | — |
| | — |
| | 72 |
| | — |
| | 72 |
| Net income | $ | 353 |
| | $ | 433 |
| | $ | 494 |
| | $ | (927 | ) | | $ | 353 |
| | | | | | | | | | | Comprehensive income | $ | 419 |
| | $ | 470 |
| | $ | 567 |
| | $ | (1,037 | ) | | $ | 419 |
|
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2017 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Net cash (used in) provided by operating activities - continuing operations | $ | (360 | ) | | $ | 386 |
| | $ | 3,117 |
| | $ | — |
| | $ | 3,143 |
| Net cash (used in) provided by operating activities - discontinued operations | — |
| | (7 | ) | | 183 |
| | — |
| | 176 |
| Net cash (used in) provided by operating activities | (360 | ) | | 379 |
| | 3,300 |
| | — |
| | 3,319 |
| Cash flows from investing activities | | | | | | | | | | Purchases of retail finance receivables, net | — |
| | (10,315 | ) | | (7,139 | ) | | 6,756 |
| | (10,698 | ) | Principal collections and recoveries on retail finance receivables | — |
| | 1,167 |
| | 4,853 |
| | — |
| | 6,020 |
| Proceeds from transfer of retail finance receivables, net | — |
| | 5,521 |
| | 1,235 |
| | (6,756 | ) | | — |
| Net funding of commercial finance receivables | — |
| | (605 | ) | | (1,156 | ) | | — |
| | (1,761 | ) | Purchases of leased vehicles, net | — |
| | — |
| | (9,884 | ) | | — |
| | (9,884 | ) | Proceeds from termination of leased vehicles | — |
| | — |
| | 2,724 |
| | — |
| | 2,724 |
| Other investing activities | — |
| | (157 | ) | | (7 | ) | | 117 |
| | (47 | ) | Net change in due from affiliates | (9,232 | ) | | (3,885 | ) | | — |
| | 13,117 |
| | — |
| Net change in investment in affiliates | 12 |
| | 1,134 |
| | — |
| | (1,146 | ) | | — |
| Net cash used in investing activities - continuing operations | (9,220 | ) | | (7,140 | ) | | (9,374 | ) | | 12,088 |
| | (13,646 | ) | Net cash used in investing activities - discontinued operations | — |
| | — |
| | (364 | ) | | — |
| | (364 | ) | Net cash used in investing activities | (9,220 | ) | | (7,140 | ) | | (9,738 | ) | | 12,088 |
| | (14,010 | ) | Cash flows from financing activities | | | | | | | | | | Net change in debt (original maturities less than three months) | 30 |
| | — |
| | (381 | ) | | — |
| | (351 | ) | Borrowings and issuance of secured debt | — |
| | — |
| | 15,787 |
| | (117 | ) | | 15,670 |
| Payments on secured debt | — |
| | — |
| | (11,690 | ) | | — |
| | (11,690 | ) | Borrowings and issuance of unsecured debt | 9,588 |
| | — |
| | 1,445 |
| | — |
| | 11,033 |
| Payments on unsecured debt | — |
| | — |
| | (1,201 | ) | | — |
| | (1,201 | ) | Debt issuance costs | (38 | ) | | — |
| | (57 | ) | | — |
| | (95 | ) | Net capital contributions | — |
| | — |
| | (1,146 | ) | | 1,146 |
| | — |
| Net change in due to affiliates | — |
| | 9,163 |
| | 3,954 |
| | (13,117 | ) | | — |
| Net cash provided by financing activities - continuing operations | 9,580 |
| | 9,163 |
| | 6,711 |
| | (12,088 | ) | | 13,366 |
| Net cash provided by financing activities - discontinued operations | — |
| | — |
| | 65 |
| | — |
| | 65 |
| Net cash provided by financing activities | 9,580 |
| | 9,163 |
| | 6,776 |
| | (12,088 | ) | | 13,431 |
| Net increase in cash, cash equivalents and restricted cash | — |
| | 2,402 |
| | 338 |
| | — |
| | 2,740 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | — |
| | — |
| | 78 |
| | — |
| | 78 |
| Cash, cash equivalents and restricted cash at beginning of period | — |
| | 2,284 |
| | 3,018 |
| | — |
| | 5,302 |
| Cash, cash equivalents and restricted cash at end of period | $ | — |
| | $ | 4,686 |
| | $ | 3,434 |
| | $ | — |
| | $ | 8,120 |
| Cash, cash equivalents and restricted cash from continuing operations at end of period | $ | — |
| | $ | 4,686 |
| | $ | 2,811 |
| | $ | — |
| | $ | 7,497 |
| Cash, cash equivalents and restricted cash from discontinued operations at end of period | $ | — |
| | $ | — |
| | $ | 623 |
| | $ | — |
| | $ | 623 |
|
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidating balance sheet: | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Cash and cash equivalents | $ | — |
| | $ | 4,686 |
| | $ | 515 |
| | $ | — |
| | $ | 5,201 |
| Restricted cash included in other assets | — |
| | — |
| | 2,296 |
| | — |
| | 2,296 |
| Total | $ | — |
| | $ | 4,686 |
| | $ | 2,811 |
| | $ | — |
| | $ | 7,497 |
|
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2016 (Unaudited) | | | | | | | | | | | | | | | | | | | | | | General Motors Financial Company, Inc. | | Guarantor | | Non- Guarantors | | Eliminations | | Consolidated | Net cash (used in) provided by operating activities - continuing operations | $ | (218 | ) | | $ | (151 | ) | | $ | 2,619 |
| | $ | — |
| | $ | 2,250 |
| Net cash provided by operating activities - discontinued operations | — |
| | — |
| | 368 |
| | — |
| | 368 |
| Net cash (used in) provided by operating activities | (218 | ) | | (151 | ) | | 2,987 |
| | — |
| | 2,618 |
| Cash flows from investing activities | | | | | | | | | | Purchases of retail finance receivables, net | — |
| | (8,110 | ) | | (6,491 | ) | | 8,190 |
| | (6,411 | ) | Principal collections and recoveries on retail finance receivables | — |
| | 780 |
| | 4,158 |
| | — |
| | 4,938 |
| Proceeds from transfer of retail finance receivables, net | — |
| | 5,250 |
| | 2,940 |
| | (8,190 | ) | | — |
| Net funding of commercial finance receivables | — |
| | (124 | ) | | (399 | ) | | — |
| | (523 | ) | Purchases of leased vehicles, net | — |
| | — |
| | (10,138 | ) | | — |
| | (10,138 | ) | Proceeds from termination of leased vehicles | — |
| | — |
| | 1,089 |
| | — |
| | 1,089 |
| Other investing activities | — |
| | (174 | ) | | (5 | ) | | 139 |
| | (40 | ) | Net change in due from affiliates | (4,503 | ) | | (2,958 | ) | | — |
| | 7,461 |
| | — |
| Net change in investment in affiliates | 6 |
| | 723 |
| | — |
| | (729 | ) | | — |
| Net cash used in investing activities - continuing operations | (4,497 | ) | | (4,613 | ) | | (8,846 | ) | | 6,871 |
| | (11,085 | ) | Net cash used in investing activities - discontinued operations | — |
| | — |
| | (1,136 | ) | | — |
| | (1,136 | ) | Net cash used in investing activities | (4,497 | ) | | (4,613 | ) | | (9,982 | ) | | 6,871 |
| | (12,221 | ) | Cash flows from financing activities | | | | | | | | | | Net change in debt (original maturities less than three months) | — |
| | — |
| | (320 | ) | | — |
| | (320 | ) | Borrowings and issuance of secured debt | — |
| | — |
| | 13,204 |
| | (139 | ) | | 13,065 |
| Payments on secured debt | — |
| | — |
| | (8,468 | ) | | — |
| | (8,468 | ) | Borrowings and issuance of unsecured debt | 5,740 |
| | — |
| | 647 |
| | — |
| | 6,387 |
| Payments on unsecured debt | (1,000 | ) | | — |
| | (758 | ) | | — |
| | (1,758 | ) | Debt issuance costs | (25 | ) | | — |
| | (53 | ) | | — |
| | (78 | ) | Net capital contributions | — |
| | — |
| | (729 | ) | | 729 |
| | — |
| Net change in due to affiliates | — |
| | 4,668 |
| | 2,793 |
| | (7,461 | ) | | — |
| Net cash provided by financing activities - continuing operations | 4,715 |
| | 4,668 |
| | 6,316 |
| | (6,871 | ) | | 8,828 |
| Net cash provided by financing activities - discontinued operations | — |
| | — |
| | 850 |
| | — |
| | 850 |
| Net cash provided by financing activities | 4,715 |
| | 4,668 |
| | 7,166 |
| | (6,871 | ) | | 9,678 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | — |
| | (96 | ) | | 171 |
| | — |
| | 75 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | — |
| | — |
| | 35 |
| | — |
| | 35 |
| Cash, cash equivalents and restricted cash at beginning of period | — |
| | 2,319 |
| | 2,683 |
| | — |
| | 5,002 |
| Cash, cash equivalents and restricted cash at end of period | $ | — |
| | $ | 2,223 |
| | $ | 2,889 |
| | $ | — |
| | $ | 5,112 |
| Cash, cash equivalents and restricted cash from continuing operations at end of period | $ | — |
| | $ | 2,223 |
| | $ | 2,162 |
| | $ | — |
| | $ | 4,385 |
| Cash, cash equivalents and restricted cash from discontinued operations at end of period | $ | — |
| | $ | — |
| | $ | 727 |
| | $ | — |
| | $ | 727 |
|
|