General Motors Financial Company Inc (ACF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
801 CHERRY STREET FORT WORTH, TX 76102 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,005 | 3,948 | 5,063 | 3,311 | 4,883 | 4,265 | |||
| Cash and cash equivalents | 4,005 | 3,948 | 5,063 | 3,311 | 4,883 | 4,265 | |||
| Total current assets: | 4,005 | 3,948 | 5,063 | 3,311 | 4,883 | 4,265 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 117 | ✕ | ✕ | ||||||
| Property, plant and equipment | (407) | (392) | 184 | 226 | 251 | 259 | |||
| Long-term investments and receivables | 1,665 | 1,717 | 1,581 | 1,455 | 1,355 | 1,187 | |||
| Long-term investments | 1,665 | 1,717 | 1,581 | 1,455 | 1,355 | 1,187 | |||
| Intangible assets, net (including goodwill), including: | 1,171 | 1,169 | 1,173 | 1,185 | 1,186 | 1,197 | |||
| Goodwill | 1,171 | 1,169 | 1,173 | 1,185 | 1,186 | 1,197 | |||
| Other undisclosed intangible assets, net (including goodwill) | |||||||||
| Deferred income tax assets | 251 | 244 | 245 | 213 | ✕ | ✕ | |||
| Total noncurrent assets: | 2,797 | 2,738 | 3,183 | 3,079 | 2,792 | 2,643 | |||
| Other undisclosed assets | 115,743 | 107,100 | 105,579 | 102,827 | 102,245 | 90,107 | |||
| TOTAL ASSETS: | 122,545 | 113,786 | 113,825 | 109,217 | 109,920 | 97,015 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,836 | 1,353 | 1,103 | 946 | |||||
| Deferred income tax liabilities | 1,836 | 1,353 | 1,103 | 946 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 1,836 | 1,353 | 1,103 | 946 | |||||
| Other undisclosed liabilities | 105,699 | 98,639 | 99,124 | 95,545 | 98,261 | 86,721 | |||
| Total liabilities: | 107,535 | 99,992 | 100,227 | 96,491 | 98,261 | 86,721 | |||
| Equity | |||||||||
| Equity, attributable to parent | 15,010 | 13,794 | 13,598 | 12,726 | 11,659 | 10,294 | |||
| Additional paid in capital | 8,742 | 8,692 | 8,642 | 8,101 | 8,058 | 7,525 | |||
| Accumulated other comprehensive loss | (1,373) | (1,273) | (1,309) | (1,119) | (1,066) | (768) | |||
| Retained earnings | 7,641 | 6,375 | 6,265 | 5,744 | 4,667 | 3,537 | |||
| Other undisclosed equity | |||||||||
| Total equity: | 15,010 | 13,794 | 13,598 | 12,726 | 11,659 | 10,294 | |||
| TOTAL LIABILITIES AND EQUITY: | 122,545 | 113,786 | 113,825 | 109,217 | 109,920 | 97,015 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,766 | 13,419 | 13,831 | 14,554 | 14,016 | 12,151 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 9,963 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8,606 | |
| Operating lease, lease income | 7,811 | 9,026 | 9,530 | ✕ | ✕ | |||
| Net investment income | 4,521 | 4,103 | 3,996 | 4,071 | 3,629 | |||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,256 | |
| Cost of revenue | (9,122) | (10,490) | (9,786) | (11,052) | (10,784) | (9,738) | ||
| Cost of goods and services sold | (8,468) | (10,242) | (5,882) | (6,917) | (6,415) | |||
| Gross profit: | 3,644 | 2,929 | 4,045 | 3,502 | 3,232 | 2,413 | ||
| Operating expenses | (1,662) | (1,648) | (1,490) | (1,564) | (1,522) | (1,390) | ||
| Operating income: | 1,982 | 1,281 | 2,555 | 1,938 | 1,710 | 1,023 | ||
| Nonoperating income | 1,188 | 1,954 | 1,325 | 652 | 641 | 292 | ||
| Investment income, nonoperating | 292 | |||||||
| Gain on contract termination | 1,188 | 1,954 | 1,325 | 652 | 641 | |||
| Interest and debt expense | (2,881) | (2,651) | (3,023) | (3,641) | (3,225) | (2,566) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3,614 | 4,251 | 1,698 | 2,989 | 2,584 | 2,274 | ||
| Income from continuing operations before equity method investments, income taxes: | 3,903 | 4,835 | 2,555 | 1,938 | 1,710 | 1,023 | ||
| Income from equity method investments | 173 | 201 | 147 | 166 | 183 | 173 | ||
| Income from continuing operations before income taxes: | 4,076 | 5,036 | 2,702 | 2,104 | 1,893 | 1,196 | ||
| Income tax expense | (992) | (1,247) | (693) | (537) | (323) | (111) | ||
| Income from continuing operations: | 3,084 | 3,789 | 2,009 | 1,567 | 1,570 | 1,085 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 3,789 | 2,009 | 1,567 | 1,570 | 661 | |
| Loss from discontinued operations | (424) | |||||||
| Net income: | 3,084 | 3,789 | 2,009 | 1,567 | 1,570 | 661 | ||
| Other undisclosed net income attributable to parent | ||||||||
| Net income attributable to parent: | 3,084 | 3,789 | 2,009 | 1,567 | 1,570 | 661 | ||
| Preferred stock dividends and other adjustments | (119) | (119) | (98) | (90) | ||||
| Other undisclosed net income (loss) available to common stockholders, basic | 1 | (66) | (16) | |||||
| Net income available to common stockholders, diluted: | 2,966 | 3,670 | 1,911 | 1,477 | 1,504 | 645 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,084 | 3,789 | 2,009 | 1,567 | 1,570 | 661 | ||
| Other comprehensive income (loss) | (298) | 470 | ||||||
| Comprehensive income: | 3,084 | 3,789 | 2,009 | 1,567 | 1,272 | 1,131 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (101) | 36 | (190) | (53) | ||||
| Comprehensive income, net of tax, attributable to parent: | 2,983 | 3,825 | 1,819 | 1,514 | 1,272 | 1,131 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.