Ally Financial Inc. (ALLY) Financial Statements (2024 and earlier)

Company Profile

Business Address ALLY DETROIT CENTER
DETROIT, MI 48226
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (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 investments5,5716,16416,6924,1715,3104,252
Cash and cash equivalents5,5715,06215,6213,5554,5374,252
Short-term investments  1,1021,071616773 
Total current assets:5,5716,16416,6924,1715,3104,252
Noncurrent Assets
Operating lease, right-of-use asset111148162168
Property, plant and equipment1,2761,184726646564456
Long-term investments and receivables608472320358262 
Long-term investments608472320358262 
Intangible assets, net (including goodwill)920951393462240240
Goodwill822822343393240240
Intangible assets, net (excluding goodwill)981295069  
Investment, proportional amortization method, elected, amount1,5961,3781,095830649 
Total noncurrent assets:4,5114,1332,6962,4641,715696
Other undisclosed assets181,744171,817162,777174,009171,844162,200
TOTAL ASSETS:191,826182,114182,165180,644178,869167,148
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,8175,8697,22114,75018,96322,394
Total current liabilities:6,8175,8697,22114,75018,96322,394
Noncurrent Liabilities
Long-term debt and lease obligation13,34411,16016,92124,80835,21733,037
Long-term debt, excluding current maturities13,34411,16016,92124,80835,21733,037
Liabilities, other than long-term debt869724525372319 
Investment program, proportional amortization method, elected, commitment869724525372319 
Total noncurrent liabilities:14,21311,88417,44625,18035,53633,037
Other undisclosed liabilities157,937147,311142,795126,298111,10298,223
Total liabilities:178,967165,064167,462166,228165,601153,654
Equity
Equity, attributable to parent, including:12,85917,05014,70314,41613,26813,494
Preferred stock2,3242,324    
Treasury stock, value(6,838)(5,188)(3,194)(3,088)(2,049)(1,110)
Accumulated other comprehensive income (loss)(4,059)(158)631123(539)(235)
Retained earnings (accumulated deficit)(384)(1,599)(4,278)(4,057)(5,489)(6,406)
Other undisclosed equity, attributable to parent21,81621,67121,54421,43821,34521,245
Total equity:12,85917,05014,70314,41613,26813,494
TOTAL LIABILITIES AND EQUITY:191,826182,114182,165180,644178,869167,148

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
Revenues8,4288,2066,6866,3945,8045,765
Operating leases, income statement, lease revenue1,489
Revenue, net5,765
Operating lease, lease income1,5961,5501,4351,470
Net investment income8,1846,5017,3019507766,402
Cost of revenue(280)(502)(1,802)(1,319)(918)(1,148)
Provision for loan, lease, and other losses  (241)(1,439)(998)(918)
Policyholder benefits and claims incurred, net(280)(261)(363)(321) 
Financial services costs(1,148)
Gross profit:8,1487,7044,8845,0754,8864,617
Operating expenses(2,080)(1,772)(1,722)(1,494)(1,418) 
Operating income:6,0685,9323,1623,5813,4684,617
Nonoperating income      1,544
Interest and debt expense(2,857)(136)(102)(4,243)(3,637)(2,857)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     1,791(1,797)
Income (loss) from continuing operations before equity method investments, income taxes:3,2115,7963,060(662)1,6221,507
Other undisclosed income (loss) from continuing operations before income taxes(869)(1,941)(1,646)2,629  
Income from continuing operations before income taxes:2,3423,8551,4141,9671,6221,507
Income tax expense(627)(790)(328)(246)(359)(581)
Income from continuing operations:1,7153,0651,0861,7211,263926
Income before gain (loss) on sale of properties:3,0651,0861,7211,263926
Net income:1,7153,0651,0861,7211,263926
Other undisclosed net income (loss) attributable to parent(1)(5)(1)(6) 3
Net income attributable to parent:1,7143,0601,0851,7151,263929
Other undisclosed net loss available to common stockholders, basic(110)(57)    
Net income available to common stockholders, diluted:1,6043,0031,0851,7151,263929

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:1,7153,0651,0861,7211,263926
Other comprehensive income (loss) (3,901)(789)508654(289)106
Comprehensive income (loss):(2,186)2,2761,5942,3759741,032
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(5)(1)(6) 3
Comprehensive income (loss), net of tax, attributable to parent:(2,187)2,2711,5932,3699741,035

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.

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