General Motors 2013 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2013 General Motors annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

GENERAL MOTORS COMPANY AND SUBSIDIARIES
The following table summarizes GM Financial’s interest rate sensitive assets and liabilities, excluding derivatives, by year of
expected maturity and the fair value of those assets and liabilities at December 31, 2013 (dollars in millions):
Years Ending December 31, December 31, 2013
Fair Value2014 2015 2016 2017 2018 Thereafter
Assets
Consumer finance receivables
Principal amounts .......................$ 9,576 $ 6,642 $ 4,162 $ 2,050 $ 820 $ 290 $ 22,652
Weighted-average annul percentage rate ..... 10.76% 10.97% 11.17% 11.73% 12.28% 12.80%
Commercial finance receivables
Principal amounts .......................$ 5,731 $ 22 $ 25 $ 94 $ 117 $ 6 $ 6,016
Weighted-average annual percentage rate ..... 6.82% 4.73% 4.59% 4.50% 7.40% 5.69%
Liabilities
Credit facilities
Principal amounts .......................$ 6,297 $ 1,699 $ 796 $ 224 $ 19 $ — $ 8,995
Weighted-average interest rate ............. 4.95% 6.39% 6.39% 8.17% 8.34% —%
Securitization notes
Principal amounts .......................$ 5,218 $ 4,084 $ 2,321 $ 1,114 $ 348 $ — $ 13,175
Weighted-average interest rate ............. 1.91% 2.12% 2.40% 2.71% 2.88% —%
Senior notes
Principal amounts .......................$ — $ — $ 1,000 $ 1,000 $ 1,250 $ 750 $ 4,106
Weighted-average interest rate ............. —% —% 2.75% 4.75% 4.65% 4.25%
The following table summarizes GM Financial’s interest rate sensitive assets and liabilities, excluding derivatives, by year of
expected maturity and the fair value of those assets and liabilities at December 31, 2012 (dollars in millions):
Years Ended and Ending December 31, December 31, 2012
Fair Value2013 2014 2015 2016 2017 Thereafter
Assets
Consumer finance receivables
Principal amounts .......................$ 4,108 $ 2,860 $ 1,895 $ 1,209 $ 673 $ 315 $ 10,759
Weighted-average annual percentage rate ..... 14.54% 14.39% 14.25% 14.10% 13.95% 13.84%
Commercial finance receivables
Principal amounts .......................$ 507 $ 6 $ 3 $ 3 $ 35 $ 6 $ 554
Weighted-average annual percentage rate ..... 3.78% 3.80% 3.76% 3.78% 3.47% 4.53%
Liabilities
Credit facilities
Principal amounts .......................$ 354 $ — $ — $ — $ — $ — $ 354
Weighted-average interest rate ............. 0.64% —% —% —% —% —%
Securitization notes
Principal amounts .......................$ 3,406 $ 2,324 $ 1,772 $ 1,073 $ 438 $ — $ 9,171
Weighted-average interest rate ............. 2.33% 2.70% 3.03% 3.05% 2.99% —%
Senior notes
Principal amounts .......................$ — $ — $ — $ — $ 1,000 $ 500 $ 1,620
Weighted-average interest rate ............. —% —% —% —% 4.75% 6.75%
GM Financial estimates the realization of finance receivables in future periods using discount rate, prepayment and credit loss
assumptions similar to its historical experience. Credit facilities and securitization notes payable amounts have been classified based
on expected payoff. Senior notes and convertible senior notes principal amounts have been classified based on maturity.
*******
51