FORD MOTOR CREDIT CO LLC financial statements (2021 and earlier)

Company profile

Business Address ONE AMERICAN ROAD
DEARBORN, MI 48126
State of Incorp. DE
Fiscal Year End December 31
SIC 6159 - Miscellaneous business Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:8,7678,1138,4459,5588,0778,8866,179
Cash and cash equivalents14,3499,0679,6079,5588,0778,8866,179
Other undisclosed cash, cash equivalents, and short-term investments(5,582)(954)(1,162)    
Total current assets:8,7678,1138,4459,5588,0778,8866,179
Noncurrent Assets
Operating lease, right-of-use asset98108
Property, plant and equipment219212192177156142120
Long-term investments and receivables132132123107153133141
Long-term investments132132123107153133141
Regulated entity, other noncurrent assets252214211228212214 
Total noncurrent assets:701666526512521489261
Other undisclosed assets149,549152,647153,238150,373137,491128,073115,668
TOTAL ASSETS:159,017161,426162,209160,443146,089137,448122,108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11,42913,71714,78517,22515,35912,211 
Total current liabilities:11,42913,71714,78517,22515,35912,211 
Noncurrent Liabilities
Long-term debt and lease obligation, including:86,47387,31089,25389,73879,42078,06267,685
Other undisclosed long-term debt and lease obligation86,47387,31089,25389,73879,42078,06267,685
Total noncurrent liabilities:86,47387,31089,25389,73879,42078,06267,685
Other undisclosed liabilities47,08946,05243,19637,59638,50735,46143,056
Total liabilities:144,991147,079147,234144,559133,286125,734110,741
Stockholders' equity
Stockholders' equity attributable to parent, including:14,02614,34714,97515,88412,80311,71311,367
Accumulated other comprehensive income (loss)(413)(785)(829)(419)(890)(607)160
Retained earnings9,2129,90510,57711,0768,4667,0935,980
Other undisclosed stockholders' equity attributable to parent5,2275,2275,2275,2275,2275,2275,227
Stockholders' equity attributable to noncontrolling interest     1 
Total stockholders' equity:14,02614,34714,97515,88412,80311,71411,367
TOTAL LIABILITIES AND EQUITY:159,017161,426162,209160,443146,089137,448122,108

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,46212,62312,38211,37710,9099,6978,996
Revenue, net   4,129
Operating leases, income statement, lease revenue5,795
Financial services revenue10,97610,4239,2808,606
Cost of revenue(828)(296)(3,867)(4,604)(4,767)(3,914)(3,221)
Cost of goods and services sold  (3,867)(4,135)(4,329)(3,640)(3,088)
Provision for loan, lease, and other losses(828)(296) 
Gross profit:10,63412,3278,5156,7736,1425,7835,775
Operating expenses(1,330)(1,416)(1,429)(1,295)(1,274)(1,139)(1,094)
Operating income:9,30410,9117,0865,4784,8684,6444,681
Nonoperating income (expense)   239(335)86(17)
Investment income, nonoperating   112856953
Foreign currency transaction gain (loss), before tax   44(575)(161)(236)
Other nonoperating income   83155178166
Interest and debt expense(3,402)(4,389)(3,930)(3,175)(2,755)(2,416)(2,656)
Income from continuing operations before equity method investments, income taxes:5,9026,5223,1562,5421,7782,3142,008
Other undisclosed income (loss) from continuing operations before income taxes(3,294)(3,524)(529)(232)101(228)(154)
Income from continuing operations before income taxes:2,6082,9982,6272,3101,8792,0861,854
Income tax expense (benefit)(684)(770)(403)697(506)(723)(149)
Income from continuing operations:1,9242,2282,2243,0071,3731,3631,705
Income from discontinued operations 20     
Net income:1,9242,2482,2243,0071,3731,3631,705
Other undisclosed net loss attributable to parent (20)     
Net income available to common stockholders, diluted:1,9242,2282,2243,0071,3731,3631,705

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,9242,2482,2243,0071,3731,3631,705
Other comprehensive income (loss)37244(410)471(283)(766)(547)
Other undisclosed comprehensive loss (20)     
Comprehensive income:2,2962,2721,8143,4781,0905971,158
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1) 
Comprehensive income, net of tax, attributable to parent:2,2962,2721,8143,4781,0905961,158

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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