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General Motors Financial Company, Inc. (804269) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

General Motors Financial Company, Inc.

CIK: 804269
Exhibit 99.1


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GM FINANCIAL REPORTS JUNE QUARTER 2018
OPERATING RESULTS

June quarter net income of $442 million
Retail loan and lease originations of $12.3 billion for the June quarter
Earning assets of $90.4 billion at June 30, 2018
Available liquidity of $23.1 billion at June 30, 2018

FORT WORTH, TEXAS July 25, 2018GENERAL MOTORS FINANCIAL COMPANY, INC.
(“GM Financial” or the “Company”) announced net income of $442 million for the quarter ended June 30, 2018, compared to $62 million for the quarter ended June 30, 2017. Net income for the six months ended June 30, 2018 was $811 million, compared to $264 million for the six months ended June 30, 2017. Net income from continuing operations for the three and six month periods ended June 30, 2017 was $270 million and $449 million, respectively.

Retail loan originations were $6.0 billion for the quarter ended June 30, 2018, compared to $5.1 billion for the quarter ended March 31, 2018, and $5.3 billion for the quarter ended June 30, 2017. Retail loan originations for the six months ended June 30, 2018 were $11.1 billion, compared to $10.9 billion for the six months ended June 30, 2017. The outstanding balance of retail finance receivables was $35.7 billion at June 30, 2018.

Operating lease originations were $6.2 billion for the quarter ended June 30, 2018, compared to $5.7 billion for the quarter ended March 31, 2018, and $6.7 billion for the quarter ended June 30, 2017. Operating lease originations for the six months ended June 30, 2018 were $11.9 billion, compared to $13.0 billion for the six months ended June 30, 2017. Leased vehicles, net was $44.1 billion at June 30, 2018.

The outstanding balance of commercial finance receivables was $10.7 billion at June 30, 2018, compared to $10.4 billion at March 31, 2018 and $9.7 billion at June 30, 2017.

Retail finance receivables 31-60 days delinquent were 3.3% of the portfolio at June 30, 2018 and 3.4% at June 30, 2017. Accounts more than 60 days delinquent were 1.3% of the portfolio at June 30, 2018 and 1.5% at June 30, 2017.

Annualized net charge-offs were 1.7% of average retail finance receivables for the quarters ended June 30, 2018 and 2017. For the six months ended June 30, 2018, annualized retail net charge-offs were 1.9%, compared to 2.0% for the six months ended June 30, 2017.

The Company had total available liquidity of $23.1 billion at June 30, 2018, consisting of $4.0 billion of cash and cash equivalents, $15.9 billion of borrowing capacity on unpledged eligible assets, $0.1 billion of borrowing capacity on committed unsecured lines of credit, $1.0 billion of borrowing capacity on the Junior Subordinated Revolving Credit Facility from GM, and $2.0 billion of borrowing capacity on the GM Revolving 364-Day Credit Facility.

Earnings resulting from the Company's equity investment in SAIC-GMAC, a joint venture that conducts auto finance operations in China, were $45 million for the quarter ended June 30, 2018 compared to $41 million for the quarter ended June 30, 2017. Earnings for the six months ended June 30, 2018 were $97 million, compared to $88 million for the six months ended June 30, 2017.

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The following information was filed by General Motors Financial Company, Inc. on Wednesday, July 25, 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.

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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
Condensed Consolidated Statements Of Comprehensive Income (Parentheticals)
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
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Discontinued Operations - Financial Information For Discontinued Operations (Details)
Equity In Net Assets Of Non-Consolidated Affiliate
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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)
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Finance Receivables - Delinquency (Details)
Finance Receivables - Finance Receivables, Net (Details)
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Finance Receivables - Troubled Debt Restructurings (Details)
Income Taxes
Income Taxes (Details)
Leased Vehicles
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Leased Vehicles - Minimum Rental Payments (Details)
Leased Vehicles - Summary Of Leased Vehicles (Details)
Regulatory Capital And Other Regulatory Matters
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General Motors Financial Company, Inc. provided additional information to their SEC Filing as exhibits

CIK: 804269
Form Type: 10-Q Quarterly Report
Accession Number: 0000804269-18-000082
Submitted to the SEC: Wed Jul 25 2018 12:15:08 PM EST
Accepted by the SEC: Wed Jul 25 2018
Period: Saturday, June 30, 2018
Industry: Finance Services

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