Note 17 – Selected Quarterly Financial Data

	Unaudited
	First		Second		Third			Fourth
	Quarter		Quarter		Quarter			Quarter
Year ended March 31, 2018:
Financing revenues:
Operating lease	$	1,981	$	2,016	$	2,068		$	2,102
Retail		474		490		498			512
Dealer		143		141		140			152
Total financing revenues		2,598		2,647		2,706			2,766
Depreciation on operating leases		1,681		1,719		1,778			1,863
Interest expense		448		452		428			523
Net financing revenues		469		476		500			380

Insurance earned premiums and contract revenues		216		221		220			225
Investment and other income, net		47		55		63			51
Realized gains (losses), net on investments in marketable securities		41		1		3			(4	)
Net financing revenues and other revenues		773		753		786			652

Expenses:
Provision for credit losses		85		127		108			81
Operating and administrative		313		337		323			384
Insurance losses and loss adjustment expenses		114		102		100			109
Total expenses		512		566		531			574

Income before income taxes		261		187		255			78
Provision (benefit) for income taxes		96		70		(2,821	)		26
Net income	$	165	$	117	$	3,076		$	52

Note 17 – Selected Quarterly Financial Data (Continued)

	Unaudited
	First		Second		Third			Fourth
	Quarter		Quarter		Quarter			Quarter
Year ended March 31, 2017:
Financing revenues:
Operating lease	$	1,891	$	1,925	$	1,946		$	1,958
Retail		456		459		468			467
Dealer		111		112		123			130
Total financing revenues		2,458		2,496		2,537			2,555
Depreciation on operating leases		1,589		1,683		1,722			1,859
Interest expense		307		297		701			449
Net financing revenues		562		516		114			247

Insurance earned premiums and contract revenues		193		199		202			210
Investment and other income, net		39		42		52			37
Realized gains (losses), net on investments in marketable securities		13		70		157			(14	)
Net financing revenues and other revenues		807		827		525			480

Expenses:
Provision for credit losses		52		161		183			186
Operating and administrative		279		317		325			356
Insurance losses and loss adjustment expenses		89		91		92			99
Total expenses		420		569		600			641

Income (loss) before income taxes		387		258		(75	)		(161	)
Provision (benefit) for income taxes		146		95		(29	)		(70	)
Net income (loss)	$	241	$	163	$	(46	)	$	(91	)