Last10K.com

General Motors Financial Company, Inc. (804269) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

General Motors Financial Company, Inc.

CIK: 804269
Exhibit 99.1


gmfinancial4ca36.jpg

GM FINANCIAL REPORTS MARCH QUARTER 2018
OPERATING RESULTS

March quarter net income of $369 million
Retail loan and lease originations of $10.8 billion for the March quarter
Earning assets of $88.1 billion at March 31, 2018
Available liquidity of $19.4 billion at March 31, 2018

FORT WORTH, TEXAS April 26, 2018GENERAL MOTORS FINANCIAL COMPANY, INC.
(“GM Financial” or the “Company”) announced net income of $369 million for the quarter ended March 31, 2018, compared to $202 million for the quarter ended March 31, 2017.

Retail loan originations were $5.1 billion for the quarter ended March 31, 2018, compared to $4.4 billion for the quarter ended December 31, 2017, and $5.6 billion for the quarter ended March 31, 2017. The outstanding balance of retail finance receivables was $34.3 billion at March 31, 2018.

Operating lease originations were $5.7 billion for the quarter ended March 31, 2018, compared to $5.8 billion for the quarter ended December 31, 2017, and $6.3 billion for the quarter ended March 31, 2017. Leased vehicles, net was $43.4 billion at March 31, 2018.

The outstanding balance of commercial finance receivables was $10.4 billion at March 31, 2018, compared to $10.3 billion at December 31, 2017 and $8.5 billion at March 31, 2017.

Retail finance receivables 31-60 days delinquent were 3.7% of the portfolio at March 31, 2018 and 3.4% at March 31, 2017. Accounts more than 60 days delinquent were 1.7% of the portfolio at March 31, 2018 and 1.4% at March 31, 2017.

Annualized net charge-offs were 2.1% of average retail finance receivables for the quarter ended March 31, 2018 and 2.3% for the quarter ended March 31, 2017.

The Company had total available liquidity of $19.4 billion at March 31, 2018, consisting of $4.2 billion of cash and cash equivalents, $14.1 billion of borrowing capacity on unpledged eligible assets, $0.1 billion of borrowing capacity on committed unsecured lines of credit and $1.0 billion of borrowing capacity on the Junior Subordinated Revolving Credit Facility from GM.

Earnings resulting from the Company's equity investment in SAIC-GMAC, a joint venture that conducts auto finance operations in China, were $52 million for the quarter ended March 31, 2018 compared to $47 million for the quarter ended March 31, 2017.

1

The following information was filed by General Motors Financial Company, Inc. on Thursday, April 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate General Motors Financial Company, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by General Motors Financial Company, Inc..

Continue

Assess how General Motors Financial Company, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

General Motors Financial Company, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parentheticals)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (parentheticals)
Condensed Consolidated Statements Of Comprehensive Income Statement
Condensed Consolidated Statements Of Income
Commitments And Contingencies
Commitments And Contingencies - Narrative (details)
Debt
Debt (tables)
Debt - Narrative (details)
Debt - Schedule Of Debt (details)
Derivative Financial Instruments And Hedging Activities
Derivative Financial Instruments And Hedging Activities (details)
Derivative Financial Instruments And Hedging Activities (tables)
Derivative Financial Instruments And Hedging Activities - Derivatives Income (losses) Recognized In Income (details)
Derivative Financial Instruments And Hedging Activities - Derivatives Recognized In The Balance Sheet (details)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Financial Information For Discontinued Operations (details)
Equity In Net Assets Of Non-consolidated Affiliate
Equity In Net Assets Of Non-consolidated Affiliate (tables)
Equity In Net Assets Of Non-consolidated Affiliate (details)
Finance Receivables
Finance Receivables (tables)
Finance Receivables - Allowance For Loan Losses (details)
Finance Receivables - Credit Quality (details)
Finance Receivables - Credit Risk Profile By Dealer Grouping Of Commercial Finance Receivables (details)
Finance Receivables - Delinquency (details)
Finance Receivables - Finance Receivables, Net (details)
Finance Receivables - Narrative (details)
Finance Receivables - Troubled Debt Restructurings (details)
Guarantor Condensed Consolidating Financial Statements
Guarantor Condensed Consolidating Financial Statements (tables)
Guarantor Condensed Consolidating Financial Statements - Current Period Guarantor Balance Sheet (details)
Guarantor Condensed Consolidating Financial Statements - Guarantor Cash Flows (details)
Guarantor Condensed Consolidating Financial Statements - Guarantor Income Statements (details)
Income Taxes
Income Taxes (details)
Leased Vehicles
Leased Vehicles (tables)
Leased Vehicles - Minimum Rental Payments (details)
Leased Vehicles - Summary Of Leased Vehicles (details)
Regulatory Capital And Other Regulatory Matters
Regulatory Capital And Other Regulatory Matters (details)
Related Party Transactions
Related Party Transactions (details)
Related Party Transactions (tables)
Related Party Transactions - Narrative (details)
Segment Reporting
Segment Reporting (tables)
Segment Reporting - Operations Reporting By Assets (details)
Segment Reporting - Operations Reporting By Revenue (details)
Shareholders' Equity
Shareholders' Equity (details)
Shareholders' Equity (tables)
Shareholders' Equity - Accumulated Other Comprehensive Loss (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Narrative (details)
Variable Interest Entities
Variable Interest Entities (tables)
Variable Interest Entities - Assets And Liabilities Of Consolidated Vie's (details)

Material Contracts, Statements, Certifications & more

General Motors Financial Company, Inc. provided additional information to their SEC Filing as exhibits

CIK: 804269
Form Type: 10-Q Quarterly Report
Accession Number: 0000804269-18-000046
Submitted to the SEC: Thu Apr 26 2018 4:10:28 PM EST
Accepted by the SEC: Thu Apr 26 2018
Period: Saturday, March 31, 2018
Industry: Finance Services

External Resources:

Bookmark the Permalink:
https://last10k.com/sec-filings/804269/0000804269-18-000046.htm