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General Motors Financial (ACF)

Company profile

Calendar

26 Jul 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.12B 8.12B 8.12B 8.12B 8.12B 8.12B
Cash burn (monthly) (no burn) 34.25M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 57.59M n/a n/a n/a n/a
Cash remaining n/a 8.06B n/a n/a n/a n/a
Runway (months of cash) n/a 235.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Risks
  • The profitability and financial condition of our operations are dependent upon the operations of our parent, GM.
  • We operate in a highly competitive industry, and competitive pressures could have a significant negative effect on our pricing, market share and operating results.
  • Our profitability is dependent upon retail demand for automobiles and related automobile financing and the ability of customers to repay loans and leases, and our business may be negatively affected during times of low automobile sales, fluctuating wholesale prices and lease residual values, and high unemployment.
  • Defaults and prepayments on loans and leases purchased or originated by us could adversely affect our operations.
  • Our operations are heavily reliant on automotive dealers, and our profitability could be adversely affected by a change in dealers’ relationships with us or in their financial condition.
  • Our ability to continue to fund our business and service our debt is dependent on a number of financing sources and requires a significant amount of cash.
  • Our substantial indebtedness could adversely affect our financial health and prevent us from fulfilling our obligations under existing indebtedness.
  • Our hedging strategies may not be successful in minimizing risks from unfavorable changes in interest rates and foreign currency exchange rates.
  • Our operations outside the U.S. expose us to additional risks.
  • We do not control the operations of our investments in joint ventures, and we are subject to the risks of operating in China.
  • The COVID-19 pandemic and its impact on the global economy may disrupt our business and operations, which could materially adversely impact our business, financial condition, liquidity and results of operations.
  • Our enterprise data practices, including the collection, use, sharing and security of the Personal Identifiable Information of our customers, employees and suppliers, are subject to increasingly complex and restrictive regulations in all key market regions.
  • Compliance with laws and regulations can significantly increase our costs and affect how we do business.
  • We could be materially adversely affected by significant litigation, governmental investigations or other proceedings.
  • Climate related events and climate change legislation could adversely affect our operations.
  • We may incur additional tax expense or become subject to additional tax exposure.
Management Discussion
  • This section discusses our results of operations for the three and six months ended June 30, 2022 as compared to the three and six months ended June 30, 2021.
  • Income before income taxes for the six months ended June 30, 2022 decreased to $2.4 billion from $2.8 billion for the six months ended June 30, 2021. Key drivers of the change include the following:
  • •Leased vehicle income decreased $569 million primarily due to a 9.2% decrease in the average balance of the leased vehicles portfolio.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: book, elevated, peak, Prior, slightly, weaker
Removed: taxed