ALLY Q3 2021 Earnings Report — Ally Financial Inc. Revenue & Financial Results | Market Cap Arena

Ally Financial Inc.ALLY

Q3 2021 Earnings

Reported November 2, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$2.6B	$2.7B	$2.6B	-4.2%	-0.8%
Op. Income	$907M	$1.0B	$632M	-13.0%	43.5%
Gross Margin	80.0%	82.8%	64.9%	-2.8pp	15.0pp
Net Margin	27.4%	33.2%	18.2%	-5.8pp	9.2pp
EPS (Diluted)	$1.89	$2.41	$1.26	-21.6%	50.0%
Free Cash Flow	$256M	-$1.3B	$165M	119.6%	55.2%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$520M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$57M
General & Administrative	$600M
SG&A Expenses	$657M
Other Expenses	$510M
Operating Expenses	$1.2B
Cost & Expenses	$1.7B
OPERATING INCOME	$907M
Interest Income	$2.2B
Interest Expense	$444M
Other Income/Expenses	$0
INCOME BEFORE TAX	$907M
Income Tax Expense	$195M
Net Income from Continuing Ops	$712M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$712M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$683M
D&A	$291M
EBIT	$907M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$520M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$57M
General & Administrative	$600M
SG&A Expenses	$657M
Other Expenses	$510M
Operating Expenses	$1.2B
Cost & Expenses	$1.7B
OPERATING INCOME	$907M
Interest Income	$2.2B
Interest Expense	$444M
Other Income/Expenses	$0
INCOME BEFORE TAX	$907M
Income Tax Expense	$195M
Net Income from Continuing Ops	$712M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$712M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$683M
D&A	$291M
EBIT	$907M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$712M
Depreciation & Amortization	$291M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$60M
Change in Working Capital	$398M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$4.7B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$93M
Other Financing Activities	$338M
NET CASH FROM FINANCING	-$2.9B
FREE CASH FLOW	$256M
Net Change in Cash	-$2.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.9B
Short-Term Investments	$33.1B
Net Receivables	$738M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$44.8B
PP&E (Net)	$12.3B
Goodwill	$343M
Intangible Assets	$37M
Long-Term Investments	$119.8B
Tax Assets	$852M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$134.4B
TOTAL ASSETS	$179.2B
Account Payables	$1.7B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$139.4B
TOTAL CURRENT LIABILITIES	$141.2B
Long-Term Debt	$14.9B
Deferred Revenue NC	$169M
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$5.4B
TOTAL NON-CURRENT LIABILITIES	$20.7B
TOTAL LIABILITIES	$161.9B
Common Stock	$21.6B
Additional Paid-In Capital	$0
Retained Earnings	-$2.1B
Treasury Stock	-$4.6B
Accum. Other Comp. Income	$51M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.3B
Minority Interest	$0
TOTAL EQUITY	$17.3B
TOTAL LIABILITIES & EQUITY	$179.2B
Total Debt	$15.1B
Net Debt	$4.2B