General Motors Financial Company, Inc. 10-Q Quarterly Report July 2018

(“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.

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.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/804269/000080426918000082/gmf630201810-q.htm

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

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

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

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

External Resources:

Bookmark the Permalink:
https://last10k.com/sec-filings/804269/0000804269-18-000082.htm

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

SEC Filings

804269 Annual Reports

804269 Quarterly Reports

804269 Corporate News