General Motors Financial (ACF) 8-K GM Financial Reports June Quarter Operating Results

Exhibit 99.1

GM FINANCIAL REPORTS JUNE QUARTER OPERATING RESULTS

• Earnings of $136 million

• Loan and lease originations of $1.9 billion

• Available liquidity of $2.1 billion

• Annualized net credit losses of 1.5%

FORT WORTH, TEXASAugust 2, 2012 –GENERAL MOTORS FINANCIAL COMPANY, INC.(“GM Financial” or the “Company”) announced net income of $136 million for the quarter ended June 30, 2012, compared to $96 million for the quarter ended June 30, 2011. Net income for the six months ended June 30, 2012 was $249 million, compared to $173 million for the six months ended June 30, 2011

Loan originations were $1.5 billion for the quarter ended June 30, 2012, compared to $1.4 billion for the quarter ended March 31, 2012, and $1.3 billion for the quarter ended June 30, 2011. Loan originations for the six months ended June 30, 2012 were $2.9 billion, compared to $2.5 billion for the six months ended June 30, 2011. The outstanding balance of consumer finance receivables totaled $10.4 billion at June 30, 2012.

Lease originations of General Motors Company (“GM”) vehicles were $394 million for the quarter ended June 30, 2012, compared to $384 million for the quarter ended March 31, 2012 and $173 million for the quarter ended June 30, 2011. Lease originations for the six months ended June 30, 2012 were $778 million, compared to $484 million for the six months ended June 30, 2011. Leased vehicles, net, totaled $1.4 billion at June 30, 2012.

Finance receivables 31-to-60 days delinquent were 4.1% of the portfolio at June 30, 2012, compared to 4.4% at June 30, 2011. Accounts more than 60 days delinquent were 1.5% of the portfolio at June 30, 2012, compared to 1.7% a year ago.

Annualized net credit losses were 1.5% of average consumer finance receivables for the quarter ended June 30, 2012, compared to 2.4% for the quarter ended June 30, 2011. For the six months ended June 30, 2012, annualized net credit losses were 2.0%, compared to 3.2% last year.

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The Company had total available liquidity of $2.1 billion at June 30, 2012, consisting of $952 million of unrestricted cash, approximately $891 million of borrowing capacity on unpledged eligible assets and $300 million on a line of credit from GM.

About GM Financial

General Motors Financial Company, Inc. provides auto finance solutions through auto dealers across the United States and Canada. GM Financial has approximately 3,600 employees, over 800,000 customers and $12 billion in finance receivables and leased vehicles. The Company is a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit www.gmfinancial.com.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that involve risks and uncertainties detailed from time to time in the Company’s filings and reports with the Securities and Exchange Commission including the Company’s annual report on Form 10-K for the year ended December 31, 2011. Such risks include – but are not limited to – changes in general economic and business conditions, GM’s ability to sell new vehicles in the United States and Canada that we finance, interest rate fluctuations, our financial condition and liquidity, as well as future cash flows and earnings, competition, the effect, interpretation or application of new or existing laws, regulations, court decisions and accounting pronouncements, the availability of sources of financing, the level of net credit losses, delinquencies and prepayments on the loans and leases we originate, the prices at which used cars are sold in the wholesale auction markets, changes in business strategy, including expansion of product lines and credit risk appetite and significant litigation. These forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Actual events or results may differ materially. It is advisable not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to, and does not, publicly update or revise any forward-looking statements, except as required by federal securities laws, whether as a result of new information, future events or otherwise.

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General Motors Financial Company, Inc.

Consolidated Statements of Income

(Unaudited, in Thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			June 30, 2011
Revenue
Finance charge income		$	403,317		$	290,916		$	761,573		$	558,762
Other income			83,194			38,969			156,341			66,290
			486,511			329,885			917,914			625,052
Costs and expenses
Operating expenses			92,717			85,379			190,586			161,785
Leased vehicles expenses			51,011			13,098			91,657			21,582
Provision for loan losses			61,876			44,570			110,430			83,994
Interest expense			64,176			42,817			127,268			83,434
			269,780			185,864			519,941			350,795
Income before income taxes			216,731			144,021			397,973			274,257
Income tax provison			80,436			48,203			149,399			101,201
Net income		$	136,295		$	95,818		$	248,574		$	173,056

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Consolidated Balance Sheets

(Unaudited, in Thousands)

	June 30, 2012		December 31, 2011		June 30, 2011
Assets
Cash and cash equivalents	$	952,091	$	572,297	$	525,728
Finance receivables, net		10,030,657		9,162,492		8,587,015
Restricted cash – securitization notes payable		705,022		919,283		937,162
Restricted cash – credit facilities		115,396		136,556		109,386
Property and equipment, net		50,079		47,440		46,810
Leased vehicles, net		1,366,785		809,491		439,430
Deferred income taxes		147,366		108,684		119,975
Goodwill		1,107,966		1,107,982		1,108,696
Other assets		164,190		178,695		210,971
Total assets	$	14,639,552	$	13,042,920	$	12,085,173
Liabilities and Shareholder’s Equity
Liabilities
Credit facilities	$	523,235	$	1,099,391	$	422,756
Securitization notes payable		8,626,823		6,937,841		6,880,681
Senior notes		500,000		500,000		569,870
Convertible senior notes		500		500		1,447
Accounts payable and accrued expenses		203,486		160,172		185,139
Deferred income		56,608		24,987		18,222
Taxes payable		90,777		85,477		75,203
Intercompany taxes payable		478,161		300,306		186,155
Interest rate swap and cap agreements		2,732		11,208		35,206
Total liabilities		10,482,322		9,119,882		8,374,679
Shareholder’s equity		4,157,230		3,923,038		3,710,494
Total liabilities and shareholder’s equity	$	14,639,552	$	13,042,920	$	12,085,173

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Consolidated Statements of Cash Flows

(Unaudited, in Thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Cash flows from operating activities:
Net income	$	136,295		$	95,818		$	248,574		$	173,056
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		61,796			23,176			112,361			41,044
Amortization of purchase accounting premium		(9,053	)		(21,574	)		(18,997	)		(44,691	)
Amortization of carrying value adjustment		(11,823	)		58,995			8,346			126,922
Accretion and amortization of loan and leasing fees		(13,176	)		(4,978	)		(24,263	)		(7,914	)
Provision for loan losses		61,876			44,570			110,430			83,994
Deferred income taxes		(28,082	)		59,645			(37,734	)		37,856
Stock-based compensation expense		1,955			3,128			2,539			6,053
Other		(3,341	)		(8,336	)		(8,897	)		(17,180	)
Changes in assets and liabilities, net of assets and liabilities acquired:
Other assets		(11,069	)		14,523			(13,012	)		26,044
Accounts payable and accrued expenses		(6,492	)		3,544			19,182			(9,221	)
Taxes payable		1,193			(104,430	)		5,301			(87,313	)
Intercompany taxes payable		105,477			89,124			177,855			143,941
Net cash provided by operating activities		285,556			253,205			581,685			472,591
Cash flows from investing activities:
Purchases of consumer finance receivables, net		(1,505,445	)		(1,318,304	)		(2,870,107	)		(2,453,086	)
Principal collections and recoveries on consumer finance receivables		1,024,088			925,885			2,040,006			1,880,176
Fundings of commercial finance receivables		(173,158	)					(173,158	)
Collections of commercial finance receivables		46,237						46,237
Net purchases of leased vehicles		(304,474	)		(89,361	)		(602,922	)		(396,687	)
Net change in restricted cash and other		163,135			87,535			247,424			(23,351	)
Net cash used in investing activities		(749,617	)		(394,245	)		(1,312,520	)		(992,948	)
Cash flows from financing activities:
Net change in credit facilities		(249,854	)		(988,493	)		(574,134	)		(407,482	)
Net change in securitization notes payable		1,076,524			840,205			1,707,824			795,147
Issuance of senior notes					500,000						500,000
Other net changes		(18,230	)		(16,926	)		(22,991	)		(34,735	)
Net cash provided by financing activities		808,440			334,786			1,110,699			852,930
Net increase in cash and cash equivalents		344,379			193,746			379,864			332,573
Effect of Canadian exchange rate changes on cash and cash equivalents		(1,079	)		(1,201	)		(70	)		(1,399	)
Cash and cash equivalents at beginning of period		608,791			333,183			572,297			194,554
Cash and cash equivalents at end of period	$	952,091		$	525,728		$	952,091		$	525,728

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Other Financial Data

(Unaudited, Dollars in Thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Consumer loan originations	$	1,489,402		$	1,349,222		$	2,885,159		$	2,487,143
GM lease originations		394,360			172,764			778,159			483,711
GM new vehicle loans as a percent of total loan originations		30.9	%		30.0	%		30.2	%		26.4	%
GM new vehicle loans and leases as a percent of total loan and lease originations		45.4	%		38.0	%		45.0	%		38.4	%
Consumer loans securitized	$	2,433,616		$	2,068,978		$	4,349,335		$	2,917,788
Commercial finance fundings		173,796						173,796
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Average consumer finance receivables	$	10,237,530		$	8,926,612		$	10,030,179		$	8,797,154
Average commercial finance receivables		55,921						31,955
Average finance receivables		10,293,451			8,926,612			10,062,134			8,797,154
Average leased vehicles, net		1,231,419			377,928			1,100,369			243,105
Average earning assets	$	11,524,870		$	9,304,540		$	11,162,503		$	9,040,259

Finance Receivables

Consumer:

	June 30, 2012			December 31, 2011			June 30, 2011
Pre-acquisition consumer finance receivables—outstanding balance	$	3,100,850	*	$	4,366,075		$	5,886,828
Pre-acquisition consumer finance receivables—carrying value		2,812,205			4,027,361			5,471,957
Post-acquisition consumer finance receivables, net of fees		7,340,242	*		5,313,899			3,222,584
	$	10,152,447		$	9,341,260		$	8,694,541
Less: allowance for loan losses on post-acquisition consumer finance receivables		(249,350	)		(178,768	)		(107,526	)
Total consumer finance receivables, net		9,903,097			9,162,492			8,587,015
Commercial:
Commercial finance receivables, net of fees		127,560
Less: allowance for loan losses on commercial finance receivables
Total commercial finance receivables, net		127,560
Total finance receivables, net	$	10,030,657		$	9,162,492		$	8,587,015
Allowance for loan losses as a percent of post-acquisition consumer finance receivables		3.4	%		3.4	%		3.3	%

* The outstanding balance of consumer finance receivables totaling $10.4 billion at June 30, 2012, is the sum of pre-acquisition consumer finance receivables – outstanding balance and post-acquisition consumer finance receivables, net of fees.

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	June 30, 2012			June 30, 2011
Loan delinquency as a percent of ending consumer finance receivables:
31—60 days		4.1	%		4.4	%
Greater than 60 days		1.5			1.7
Total		5.6	%		6.1	%

The Company analyzes portfolio performance of both the pre-acquisition and post-acquisition consumer finance receivable portfolios on a combined basis. This information allows for the ability to analyze credit loss trends of the combined portfolio and also facilitates comparisons of current and historical results.

The following is a reconciliation of charge-offs on the post-acquisition portfolio to credit losses on the combined portfolio:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Charge-offs	$	52,741		$	6,738		$	103,799		$	8,547
Adjustments to reflect write-offs of the contractual amounts on the pre-acquisition portfolio		65,147			123,072			168,764			304,900
Credit losses on the combined portfolio	$	117,888		$	129,810		$	272,563		$	313,447
Credit losses on the combined portfolio	$	117,888		$	129,810		$	272,563		$	313,447
Less: recoveries		(80,315	)		(75,550	)		(174,300	)		(174,351	)
Net credit losses on the combined portfolio	$	37,573		$	54,260		$	98,263		$	139,096
Annualized net credit losses as a percent of average consumer finance receivables		1.5	%		2.4	%		2.0	%		3.2	%
Recoveries as a percent of gross repossession credit losses		67.7	%		56.4	%		62.6	%		53.6	%
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			June 30, 2011			2012			2011
Contracts receiving a payment deferral as an average quarterly percent of average consumer finance Receivables		5.3	%		4.9	%		5.3	%		5.1	%
Operating expenses	$	92,717		$	85,379		$	190,586		$	161,785
Annualized operating expenses as a percent of average earning assets		3.2	%		3.7	%		3.4	%		3.6	%

Contact:

Investor Relations

(817) 302-7000

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