ALLY FY 2019 Earnings Report — Ally Financial Inc. Revenue & Financial Results | Market Cap Arena

Ally Financial Inc.ALLY

FY 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$11.6B	—	$10.4B	—	10.9%
Op. Income	$2.0B	—	$1.6B	—	21.3%
Gross Margin	54.7%	—	56.3%	—	-1.6pp
Net Margin	14.8%	—	12.1%	—	2.7pp
EPS (Diluted)	$4.34	—	$2.95	—	47.1%
Free Cash Flow	$27M	—	$441M	—	-93.9%

Revenue Flow

Item	Amount
REVENUE	$11.6B
Cost of Revenue	$5.2B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$180M
General & Administrative	$2.0B
SG&A Expenses	$2.2B
Other Expenses	$2.2B
Operating Expenses	$4.3B
Cost & Expenses	$9.6B
OPERATING INCOME	$2.0B
Interest Income	$9.9B
Interest Expense	$4.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$246M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	-$6M
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.6B
EBIT	$2.0B
EBITDA	$3.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$11.6B
Cost of Revenue	$5.2B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$180M
General & Administrative	$2.0B
SG&A Expenses	$2.2B
Other Expenses	$2.2B
Operating Expenses	$4.3B
Cost & Expenses	$9.6B
OPERATING INCOME	$2.0B
Interest Income	$9.9B
Interest Expense	$4.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$246M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	-$6M
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.6B
EBIT	$2.0B
EBITDA	$3.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$741M
Change in Working Capital	$39M
OPERATING CASH FLOW	$4.0B
Capital Expenditure	-$4.0B
Acquisitions (Net)	-$171M
Purchases of Investments	-$16.2B
Sales/Maturities of Investments	$13.5B
Other Investing Activities	$3.1B
NET CASH FROM INVESTING	-$3.8B
Net Debt Issuance	-$14.8B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$273M
Other Financing Activities	$14.5B
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$27M
Net Change in Cash	-$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$28.4B
Net Receivables	$706M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33.2B
PP&E (Net)	$9.7B
Goodwill	$393M
Intangible Assets	$69M
Long-Term Investments	$132.1B
Tax Assets	$58M
Other Non-Current Assets	$5.1B
TOTAL NON-CURRENT ASSETS	$147.4B
TOTAL ASSETS	$180.6B
Account Payables	$1.2B
Short-Term Debt	$5.5B
Deferred Revenue	$0
Other Current Liabilities	$120.8B
TOTAL CURRENT LIABILITIES	$127.5B
Long-Term Debt	$34.0B
Deferred Revenue NC	$36M
Deferred Tax Liabilities	$67M
Other Non-Current Liabilities	$4.4B
TOTAL NON-CURRENT LIABILITIES	$38.8B
TOTAL LIABILITIES	$166.2B
Common Stock	$21.4B
Additional Paid-In Capital	$0
Retained Earnings	-$4.1B
Treasury Stock	-$3.1B
Accum. Other Comp. Income	$123M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.4B
Minority Interest	$0
TOTAL EQUITY	$14.4B
TOTAL LIABILITIES & EQUITY	$180.6B
Total Debt	$39.8B
Net Debt	$36.2B