GM Financial Receivables and Transactions | GM Financial Receivables and Transactions September 30, 2022 December 31, 2021 Retail Commercial(a) Total Retail Commercial(a) Total GM Financial receivables, net of fees $ 63,461 $ 9,225 $ 72,686 $ 58,093 $ 6,609 $ 64,702 Less: allowance for loan losses (2,044) (42) (2,086) (1,839) (47) (1,886) GM Financial receivables, net $ 61,416 $ 9,183 $ 70,600 $ 56,254 $ 6,562 $ 62,816 Fair value of GM Financial receivables utilizing Level 2 inputs $ 9,183 $ 6,562 Fair value of GM Financial receivables utilizing Level 3 inputs $ 59,890 $ 57,613 __________ (a) Net of dealer cash management balances of $1.5 billion and $1.0 billion at September 30, 2022 and December 31, 2021. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance. Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Allowance for loan losses at beginning of period $ 2,027 $ 1,850 $ 1,886 $ 1,978 Provision for loan losses 180 141 500 174 Charge-offs (289) (207) (811) (664) Recoveries 173 133 511 429 Effect of foreign currency (4) (14) — (14) Allowance for loan losses at end of period $ 2,086 $ 1,903 $ 2,086 $ 1,903 Retail Finance Receivables GM Financial's retail finance receivable portfolio includes loans made to consumers and businesses to finance the purchase of vehicles for personal and commercial use. The following tables are consolidated summaries of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at September 30, 2022 and December 31, 2021: Year of Origination September 30, 2022 2022 2021 2020 2019 2018 Prior Total Percent Prime – FICO score 680 and greater $ 17,901 $ 14,587 $ 8,858 $ 2,614 $ 1,272 $ 311 $ 45,543 71.8 % Near-prime – FICO score 620 to 679 2,521 2,843 1,653 792 375 147 8,331 13.1 % Sub-prime – FICO score less than 620 2,615 3,019 1,785 1,195 591 382 9,587 15.1 % Retail finance receivables, net of fees $ 23,037 $ 20,449 $ 12,296 $ 4,601 $ 2,238 $ 840 $ 63,461 100.0 % Year of Origination December 31, 2021 2021 2020 2019 2018 2017 Prior Total Percent Prime – FICO score 680 and greater $ 19,729 $ 12,408 $ 4,078 $ 2,298 $ 763 $ 143 $ 39,419 67.9 % Near-prime – FICO score 620 to 679 3,856 2,388 1,229 648 274 84 8,479 14.6 % Sub-prime – FICO score less than 620 4,053 2,528 1,777 972 570 295 10,195 17.5 % Retail finance receivables, net of fees $ 27,638 $ 17,324 $ 7,084 $ 3,918 $ 1,607 $ 522 $ 58,093 100.0 % GM Financial reviews the ongoing credit quality of retail finance receivables based on customer payment activity. A retail account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date the payment was contractually due. Retail finance receivables are collateralized by vehicle titles and, subject to local laws, GM Financial generally has the right to repossess the vehicle in the event the customer defaults on the payment terms of the contract. The accrual of finance charge income had been suspended on delinquent retail finance receivables with contractual amounts due of $618 million and $602 million at September 30, 2022 and December 31, 2021. The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at September 30, 2022 and December 31, 2021, as well as summary totals for September 30, 2021: Year of Origination September 30, 2022 September 30, 2021 2022 2021 2020 2019 2018 Prior Total Percent Total Percent 0-to-30 days $ 22,792 $ 19,917 $ 11,944 $ 4,359 $ 2,096 $ 729 $ 61,836 97.4 % $ 56,086 97.7 % 31-to-60 days 183 381 256 179 106 81 1,185 1.9 % 989 1.7 % Greater-than-60 days 54 133 87 58 33 29 394 0.6 % 315 0.5 % Finance receivables more than 30 days delinquent 236 514 343 237 139 109 1,579 2.5 % 1,304 2.2 % In repossession 9 18 9 5 3 2 46 0.1 % 34 0.1 % Finance receivables more than 30 days delinquent or in repossession 245 532 352 242 142 111 1,625 2.6 % 1,338 2.3 % Retail finance receivables, net of fees $ 23,037 $ 20,449 $ 12,296 $ 4,601 $ 2,238 $ 840 $ 63,461 100.0 % $ 57,424 100.0 % Year of Origination December 31, 2021 2021 2020 2019 2018 2017 Prior Total Percent 0-to-30 days $ 27,270 $ 16,945 $ 6,772 $ 3,721 $ 1,478 $ 440 $ 56,626 97.5 % 31-to-60 days 273 276 230 147 97 60 1,083 1.8 % Greater-than-60 days 83 93 76 46 30 21 349 0.6 % Finance receivables more than 30 days delinquent 356 369 306 193 127 81 1,432 2.4 % In repossession 12 10 6 4 2 1 35 0.1 % Finance receivables more than 30 days delinquent or in repossession 368 379 312 197 129 82 1,467 2.5 % Retail finance receivables, net of fees $ 27,638 $ 17,324 $ 7,084 $ 3,918 $ 1,607 $ 522 $ 58,093 100.0 % The outstanding amortized cost of retail finance receivables that are considered TDRs was $2.0 billion at September 30, 2022, including $217 million in nonaccrual loans. Commercial Finance Receivables GM Financial's commercial finance receivables consist of dealer financings, primarily for inventory purchases. Proprietary models are used to assign a risk rating to each dealer. GM Financial performs periodic credit reviews of each dealership and adjusts the dealership's risk rating, if necessary. There were no commercial finance receivables on nonaccrual status at September 30, 2022. GM Financial's commercial risk model and risk rating categories are as follows: Rating Description I Performing accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments. II Performing accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring. III Non-Performing accounts with inadequate paying capacity for current obligations and have the distinct possibility of creating a loss if deficiencies are not corrected. IV Non-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection of liquidation in full highly questionable or improbable. Dealers with III and IV risk ratings are subject to additional monitoring and restrictions on funding, including suspension of lines of credit and liquidation of assets. The following tables summarize the credit risk profile by dealer risk rating of commercial finance receivables at September 30, 2022 and December 31, 2021: Year of Origination September 30, 2022 Revolving 2022 2021 2020 2019 2018 Prior Total Percent I $ 7,677 $ 387 $ 368 $ 365 $ 93 $ 40 $ 20 $ 8,950 97.0 % II 196 15 2 — 7 — — 221 2.4 % III 50 — — — 5 — — 55 0.6 % IV — — — — — — — — — % Commercial finance receivables, net of fees $ 7,922 $ 403 $ 370 $ 365 $ 105 $ 40 $ 20 $ 9,225 100.0 % Year of Origination December 31, 2021 Revolving 2021 2020 2019 2018 2017 Prior Total Percent I $ 5,210 $ 420 $ 396 $ 120 $ 50 $ 50 $ 10 $ 6,256 94.7 % II 207 3 16 12 — 3 — 241 3.6 % III 81 8 15 2 — 2 4 112 1.7 % IV — — — — — — — — — % Commercial finance receivables, net of fees $ 5,498 $ 431 $ 427 $ 134 $ 50 $ 55 $ 14 $ 6,609 100.0 % Floorplan advances comprise 94% of the total revolving balance at September 30, 2022 and December 31, 2021. Dealer term loans are presented by year of origination. |