ACF General Motors Financial

Company profile
Ticker
ACF
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERICREDIT CORP
SEC CIK
Corporate docs
IRS number
752291093
Calendar
10 Feb 21
18 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Feb 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from company earnings reports.
Financial report summary
?Risks
- The profitability and financial condition of our operations are dependent upon the operations of our parent, GM.
- 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.
- Defaults and prepayments on loans and leases purchased or originated by us could adversely affect our operations.
- 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.
- 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.
- Our enterprise data practices, including the collection, use, sharing, and security of the Personal Identifiable Information of our customers and employees, are subject to increasingly complex, restrictive and punitive 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 legal and regulatory proceedings.
- We may incur additional tax expense or become subject to additional tax exposure.
Management Discussion
- This section discusses our results of operations for the year ended December 31, 2020 as compared to the year ended December 31, 2019. For a discussion and analysis of the year ended December 31, 2019, compared to the same period in 2018 please refer to Management's Discussion and Analysis of Financial Condition and Results of Operations included in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 5, 2020.
- Income before income taxes for 2020 increased to $2.7 billion from $2.1 billion for 2019. There were offsetting changes to key drivers of income before income taxes, as follows:
- •Finance charge income on retail finance receivables increased due to growth in the size of the portfolio, partially offset by a decrease in the effective yield.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
addressed, adhere, adhering, alleging, alter, American, array, ARRC, aspire, aware, backtesting, behave, behavior, CAD, career, center, challenging, chart, chartered, chosen, climate, composition, conceptual, condemnation, core, creativity, culture, curtailment, Cybersecurity, decide, deep, delete, deliberate, Department, distancing, distinct, diverse, diversity, downside, ease, efficacy, enable, entice, excellence, explained, FDIC, flextime, focused, Fortieth, foundation, fundamentally, globe, goal, half, handling, healthcare, healthier, hindsight, horizon, hotline, Human, IBOR, improbable, injustice, Inline, innovation, inserting, interaction, intolerance, iXBRL, jacobson, job, judgement, judicial, landscape, lead, leading, leave, legacy, light, matching, meaningful, member, mental, mentoring, mobility, moment, negotiated, newly, noncompliance, onset, orchestrate, Organization, outbreak, outperform, outperformed, Overcoming, page, pandemic, partnership, paul, philosophy, physical, prolonged, proportion, propriety, protocol, putting, questionable, quickly, rapidly, reap, rebounded, recalculated, recalculating, recalculation, remarkable, reperformed, repo, research, reset, sample, satisfaction, scenario, shortfall, small, SOFR, spending, stimulate, straining, strive, sum, talent, Talented, team, teamwork, technique, telecommuting, thing, tied, Today, top, traditional, treatment, UDFI, unequivocal, unpledged, unprecedented, unwavering, Utah, validation, valuable, vast, visible, vision, waived, warranted, weak, widespread, win, workforce, workplace
Removed:
Acceptance, assessing, Banque, bargaining, BNP, check, closing, collective, confirmation, cooperated, Correction, Deloitte, disruptive, Document, Euro, European, implementing, imposition, impracticable, Instance, integration, intensive, interrupt, investigative, Label, LCP, letter, LGD, Linkbase, mandatory, Medium, migration, Nineteenth, noncancelable, originally, participate, PD, prime, produce, Programme, prospectively, PSA, quantitatively, reclassification, repatriated, resource, reversal, revised, roll, Schema, segregated, settled, Seventeenth, Sixteenth, stable, Submitted, summarize, supplementary, taxation, Taxonomy, territorial, Touche, transitioning, unaudited, unchanged, union, XBRL
Financial reports
10-K
2020 FY
Annual report
10 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
29 Jul 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
5 Feb 20
10-Q
2019 Q3
Quarterly report
29 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
6 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
Current reports
8-K
Other Events
9 Apr 21
8-K
Entry into a Material Definitive Agreement
7 Apr 21
8-K
GM Financial Reports Full Year and Fourth Quarter 2020
10 Feb 21
8-K
Other Events
8 Jan 21
8-K
Other Events
18 Nov 20
8-K
GM Financial Reports Third Quarter 2020
5 Nov 20
8-K
Material Modifications to Rights of Security Holders
16 Sep 20
8-K
Other Events
20 Aug 20
8-K
GM Financial Reports Second Quarter 2020
29 Jul 20
8-K
Other Events
22 Jun 20
Registration and prospectus
424B2
Prospectus for primary offering
7 Apr 21
FWP
Free writing prospectus
6 Apr 21
424B5
Prospectus supplement for primary offering
6 Apr 21
424B2
Prospectus for primary offering
5 Apr 21
424B2
Prospectus for primary offering
29 Mar 21
424B2
Prospectus for primary offering
29 Mar 21
424B2
Prospectus for primary offering
22 Mar 21
424B2
Prospectus for primary offering
8 Mar 21
424B2
Prospectus for primary offering
1 Mar 21
424B2
Prospectus for primary offering
1 Mar 21
Proxies
DEFM14A
Proxy related to merger
31 Aug 10
PREM14A
Preliminary proxy related to merger
19 Aug 10
DEFA14A
Additional proxy soliciting materials
25 Jul 10
DEFA14A
Additional proxy soliciting materials
21 Jul 10
DEFA14A
Additional proxy soliciting materials
15 Sep 09
DEF 14A
Definitive proxy
15 Sep 09
DEF 14A
Definitive proxy
14 Sep 08
DEFA14A
Additional proxy soliciting materials
14 Sep 08
PRE 14A
Preliminary proxy
4 Sep 08
DEF 14A
Definitive proxy
17 Sep 07
Other
CT ORDER
Confidential treatment order
16 May 18
CT ORDER
Confidential treatment order
20 Jul 16
CERTNYS
Certification of approval for NYSE listing
27 Mar 16
UPLOAD
Letter from SEC
26 Mar 15
CORRESP
Correspondence with SEC
12 Mar 15
UPLOAD
Letter from SEC
26 Feb 15
CT ORDER
Confidential treatment order
4 Jan 15
EFFECT
Notice of effectiveness
15 Jun 14
EFFECT
Notice of effectiveness
29 Dec 13
EFFECT
Notice of effectiveness
29 Dec 13
Ownership
SC 13D
AMERICREDIT / LEUCADIA NATIONAL ownership change
4 Oct 10
SC 13D/A
AMERICREDIT / GAMCO INVESTORS, INC. ET AL ownership change
3 Oct 10
SC 13D/A
AMERICREDIT / FAIRHOLME CAPITAL MANAGEMENT ownership change
30 Sep 10
SC 13D
AMERICREDIT / GAMCO INVESTORS, INC. ET AL ownership change
12 Sep 10
SC 13D
AMERICREDIT / General Motors ownership change
1 Aug 10
SC 13D
AMERICREDIT / FAIRHOLME CAPITAL MANAGEMENT ownership change
22 Jul 10
SC 13D/A
AMERICREDIT / LEUCADIA NATIONAL ownership change
21 Jul 10
SC 13D/A
AMERICREDIT / FAIRHOLME CAPITAL MANAGEMENT ownership change
5 Jan 10