Ally Financial Inc
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet
| December 31, ($ in millions, except share data) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | ||
| Noninterest-bearing | $638 | $542 |
| Interest-bearing | 6,307 | 5,029 |
| Total cash and cash equivalents | 6,945 | 5,571 |
| Equity securities | 810 | 681 |
| Available-for-sale securities (amortized cost of $28,416 and $34,863) | 24,415 | 29,541 |
| Held-to-maturity securities (fair value of $4,729 and $884) | 4,680 | 1,062 |
| Loans held-for-sale, net | 400 | 654 |
| Finance receivables and loans, net | ||
| Finance receivables and loans, net of unearned income | 139,439 | 135,748 |
| Allowance for loan losses | (3,587) | (3,711) |
| Total finance receivables and loans, net | 135,852 | 132,037 |
| Investment in operating leases, net | 9,171 | 10,444 |
| Premiums receivable and other insurance assets | 2,749 | 2,698 |
| Other assets | 9,395 | 9,138 |
| Assets of operations held-for-sale | 1,975 | — |
| Total assets | $196,392 | $191,826 |
| Liabilities | ||
| Deposit liabilities | ||
| Noninterest-bearing | $139 | $185 |
| Interest-bearing | 154,527 | 152,112 |
| Total deposit liabilities | 154,666 | 152,297 |
| Short-term borrowings | 3,297 | 2,399 |
| Long-term debt | 17,570 | 17,762 |
| Interest payable | 858 | 408 |
| Unearned insurance premiums and service revenue | 3,492 | 3,453 |
| Accrued expenses and other liabilities | 2,726 | 2,648 |
| Liabilities of operations held-for-sale | 17 | — |
| Total liabilities | 182,626 | 178,967 |
| Commitments and contingencies (refer to Note 28 and Note 29) | ||
| Equity | ||
| Common stock and paid-in capital ($0.01 par value, shares authorized 1,100,000,000; issued 511,861,447 and 507,682,838; and outstanding 302,459,258 and 299,324,357) | 21,975 | 21,816 |
| Preferred stock | 2,324 | 2,324 |
| Retained earnings (accumulated deficit) | 154 | (384) |
| Accumulated other comprehensive loss | (3,816) | (4,059) |
| Treasury stock, at cost (209,402,189 and 208,358,481 shares) | (6,871) | (6,838) |
| Total equity | 13,766 | 12,859 |
| Total liabilities and equity | $196,392 | $191,826 |
Statement continues on the next page.
Consolidated Balance Sheet
The assets of consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and the liabilities of these entities for which creditors (or beneficial interest holders) do not have recourse to our general credit were as follows.
| December 31, ($ in millions) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Finance receivables and loans, net | ||
| Consumer automotive | $6,868 | $9,547 |
| Allowance for loan losses | (254) | (336) |
| Total finance receivables and loans, net | 6,614 | 9,211 |
| Other assets | 461 | 645 |
| Total assets | $7,075 | $9,856 |
| Liabilities | ||
| Long-term debt | $1,509 | $2,436 |
| Accrued expenses and other liabilities | 4 | 5 |
| Total liabilities | $1,513 | $2,441 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.