FORD MOTOR CREDIT CO LLC financial statements (2022 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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:8,7677,0068,1017,6278,1138,2849,412
Cash and cash equivalents14,34911,07812,8389,6289,06711,57912,618
Other undisclosed cash, cash equivalents, and short-term investments(5,582)(4,072)(4,737)(2,001)(954)(3,295)(3,206)
Total current assets:8,7677,0068,1017,6278,1138,2849,412
Noncurrent Assets
Operating lease, right-of-use asset98100107103108  
Property, plant and equipment219213212212212209200
Long-term investments and receivables132132122126132129130
Long-term investments132132122126132129130
Regulated entity, other noncurrent assets252220205207214219224
Total noncurrent assets:701665646648666557554
Other undisclosed assets149,549146,847146,529148,541152,647152,042154,052
TOTAL ASSETS:159,017154,518155,276156,816161,426160,883164,018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11,42910,23111,68112,42413,71713,54114,301
Total current liabilities:11,42910,23111,68112,42413,71713,54114,301
Noncurrent Liabilities
Long-term debt and lease obligation, including:86,473   87,310  
Other undisclosed long-term debt and lease obligation86,473   87,310  
Total noncurrent liabilities:86,473   87,310  
Other undisclosed liabilities47,089130,003129,833130,84946,052133,187134,823
Total liabilities:144,991140,234141,514143,273147,079146,728149,124
Stockholders' equity
Stockholders' equity attributable to parent, including:14,0269,0578,5355,22714,3475,2275,227
Accumulated other comprehensive loss(413)(808)(1,046)(1,133)(785)(1,011)(801)
Retained earnings9,2129,8659,5819,4499,9059,93910,468
Other undisclosed stockholders' equity attributable to parent5,227  (3,089)5,227(3,701)(4,440)
Stockholders' equity attributable to noncontrolling interest 5,2275,227    
Other undisclosed stockholders' equity   8,316 8,9289,667
Total stockholders' equity:14,02614,28413,76213,54314,34714,15514,894
TOTAL LIABILITIES AND EQUITY:159,017154,518155,276156,816161,426160,883164,018

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues2,7822,8552,7933,0323,1143,1273,188
Operating leases, income statement, lease revenue1,4801,472
Net investment income(4,079)1,3751,3091,483 1,5441,609
Cost of revenue19(102)(153)(592)2,605(987)(957)
Cost of goods and services sold     (894)(894)
Provision for loan, lease, and other losses (86)(93)(586) (93)(63)
Gross profit:2,8012,7532,6402,4405,7192,1402,231
Operating expenses(352)(311)(305)(362)(352)(350)(350)
Operating income:2,4492,4422,3352,0785,3671,7901,881
Nonoperating income (expense)(35)1037(12)(243)60124
Investment income, nonoperating 132763 8883
Foreign currency transaction gain (loss), before tax (90)(108)(61) 52(147)
Other nonoperating income (expense) (6)174 510
Interest and debt expense(787)(792)(839)(984)(1,073)(1,081)(1,114)
Income from continuing operations before equity method investments, income taxes:1,6271,6601,5331,0824,051769891
Other undisclosed loss from continuing operations before income taxes(715)(537)(990)(1,052)(3,421)(33)(60)
Income from continuing operations before income taxes:9121,12354330630736831
Income tax expense(275)(264)(136)(9)(189)(165)(218)
Income from continuing operations:63785940721441571613
Other undisclosed income before gain (loss) on sale of properties    20  
Net income:63785940721461571613
Other undisclosed net loss attributable to parent    (20)  
Net income available to common stockholders, diluted:63785940721441571613

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:63785940721461571613
Other comprehensive income (loss) 23887(348) (210)8
Other undisclosed comprehensive income372   24  
Comprehensive income (loss):1,0091,097494(327)485361621
Other undisclosed comprehensive income, net of tax, attributable to parent23   182  
Comprehensive income (loss), net of tax, attributable to parent:1,0321,097494(327)667361621

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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