Ally Financial Inc. (ALLY) financial statements (2020 and earlier)
Company profile
| Business Address |
ALLY DETROIT CENTER DETROIT, MI 48226 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,187 | 5,310 | 4,252 | 5,934 | 6,380 | 5,576 | 5,531 | ||
| Cash and cash equivalents | 3,617 | 4,537 | 4,252 | 5,934 | 6,380 | 5,576 | 5,531 | ||
| Short-term investments | 570 | 773 | |||||||
| Receivables | 290 | ||||||||
| Disposal group, including discontinued operation | 2,003 | ||||||||
| Total current assets: | 4,187 | 5,310 | 4,252 | 5,934 | 6,380 | 7,579 | 5,821 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 168 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 632 | 564 | 456 | 376 | 235 | 225 | 235 | ||
| Long-term investments and receivables | 322 | 262 | |||||||
| Long-term investments | 322 | 262 | |||||||
| Intangible assets, net (including goodwill) | 240 | 240 | 240 | 240 | ✕ | ||||
| Goodwill | 240 | 240 | 240 | 240 | |||||
| Regulated entity, other noncurrent assets | 238 | 312 | |||||||
| Amortization method qualified affordable housing project investments | 784 | 649 | ✕ | ✕ | |||||
| Total noncurrent assets: | 2,146 | 1,715 | 696 | 616 | 235 | 463 | 547 | ||
| Other undisclosed assets | 175,152 | 171,844 | 162,200 | 157,178 | 151,966 | 143,786 | 144,799 | ||
| TOTAL ASSETS: | 181,485 | 178,869 | 167,148 | 163,728 | 158,581 | 151,828 | 151,167 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 15,255 | 18,963 | 22,394 | 27,226 | 19,357 | 24,500 | 25,717 | ||
| Total current liabilities: | 15,255 | 18,963 | 22,394 | 27,226 | 19,357 | 24,500 | 25,717 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25,810 | 35,217 | 33,037 | 39,260 | 54,647 | 48,668 | 51,848 | ||
| Long-term debt, excluding current maturities | 25,810 | 35,217 | 33,037 | 39,260 | 54,647 | 48,668 | 51,848 | ||
| Liabilities, other than long-term debt | 350 | 319 | |||||||
| Qualified affordable housing project investments, commitment | 350 | 319 | ✕ | ✕ | |||||
| Total noncurrent liabilities: | 26,160 | 35,536 | 33,037 | 39,260 | 54,647 | 48,668 | 51,848 | ||
| Other undisclosed liabilities | 125,620 | 111,102 | 98,223 | 83,925 | 71,138 | 63,261 | 59,394 | ||
| Total liabilities: | 167,035 | 165,601 | 153,654 | 150,411 | 145,142 | 136,429 | 136,959 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 14,450 | 13,268 | 13,494 | 13,317 | 13,439 | 15,399 | 14,208 | ||
| Common stock | 1,300 | ||||||||
| Treasury stock, value | (2,789) | (2,049) | (1,110) | (357) | (16) | ||||
| Accumulated other comprehensive income (loss) | 190 | (539) | (235) | (341) | (231) | (66) | (276) | ||
| Accumulated deficit | (4,368) | (5,489) | (6,406) | (7,151) | (8,110) | (6,828) | (7,710) | ||
| Other undisclosed stockholders' equity attributable to parent | 21,417 | 21,345 | 21,245 | 21,166 | 21,796 | 20,993 | 22,194 | ||
| Total stockholders' equity: | 14,450 | 13,268 | 13,494 | 13,317 | 13,439 | 15,399 | 14,208 | ||
| TOTAL LIABILITIES AND EQUITY: | 181,485 | 178,869 | 167,148 | 163,728 | 158,581 | 151,828 | 151,167 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,189 | 5,804 | 5,765 | 5,437 | 4,861 | 4,651 | 4,263 | |
| Revenue, net | ✕ | ✕ | 5,765 | 2,711 | 3,398 | 3,558 | 3,209 | |
| Operating leases, income statement, lease revenue | 726 | 1,489 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Net investment income | (3,951) | 776 | 6,402 | 5,568 | 4,941 | 4,821 | ||
| Financial services revenue | ✕ | ✕ | 1,118 | 1,030 | 1,105 | |||
| Cost of revenue | (1,189) | (918) | (1,148) | (3,028) | (293) | (2,186) | ||
| Cost of goods and services sold | (1,769) | (2,233) | ||||||
| Provision for loan, lease, and other losses | (988) | (918) | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Policyholder benefits and claims incurred, net | (201) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | (1,148) | (1,259) | (293) | 47 | ||
| Gross profit: | 5,000 | 4,886 | 4,617 | 2,409 | 4,568 | 2,465 | 4,263 | |
| Operating expenses | (1,472) | (1,418) | (2,381) | (2,169) | (2,461) | (2,251) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 394 | 280 | 383 | |||||
| Operating income: | 3,528 | 3,468 | 4,617 | 422 | 2,399 | 284 | 2,395 | |
| Nonoperating income | 1,544 | 1,530 | 28 | 185 | ||||
| Investment income, nonoperating | 102 | 178 | 28 | 185 | ||||
| Interest and debt expense | (4,247) | (3,637) | (2,857) | (2,634) | (357) | (2,985) | (3,378) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1,186 | 1,791 | (1,797) | 2,263 | (649) | 3,919 | 1,155 | |
| Income from continuing operations before equity method investments, income taxes: | 467 | 1,622 | 1,507 | 1,581 | 1,393 | 1,246 | 357 | |
| Income from equity method investments | 18 | |||||||
| Other undisclosed income from continuing operations before income taxes | 1,381 | |||||||
| Income from continuing operations before income taxes: | 1,848 | 1,622 | 1,507 | 1,599 | 1,393 | 1,246 | 357 | |
| Income tax expense (benefit) | (219) | (359) | (581) | (470) | (496) | (321) | 59 | |
| Income from continuing operations: | 1,629 | 1,263 | 926 | 1,129 | 897 | 925 | 416 | |
| Loss from discontinued operations | (7) | |||||||
| Net income: | 1,629 | 1,263 | 926 | 1,129 | 897 | 918 | 416 | |
| Other undisclosed net income (loss) attributable to parent | (2) | 3 | (62) | 392 | 232 | (55) | ||
| Net income attributable to parent: | 1,627 | 1,263 | 929 | 1,067 | 1,289 | 1,150 | 361 | |
| Other undisclosed net loss available to common stockholders, basic | (30) | (2,571) | (268) | (1,050) | ||||
| Net income (loss) available to common stockholders, diluted: | 1,627 | 1,263 | 929 | 1,037 | (1,282) | 882 | (689) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,629 | 1,263 | 926 | 1,129 | 897 | 918 | 416 | |
| Other comprehensive income (loss) | 963 | (289) | 106 | (110) | (165) | 210 | (587) | |
| Comprehensive income (loss): | 2,592 | 974 | 1,032 | 1,019 | 732 | 1,128 | (171) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2) | 3 | (62) | 392 | 232 | (55) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,590 | 974 | 1,035 | 957 | 1,124 | 1,360 | (226) | |
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.