Exhibit 99.6
SELECTED CONSOLIDATED FINANCIAL DATA FOR THE INTERNATIONAL OPERATIONS
The tables below summarize selected financial information. You should read this data in conjunction with, and it is qualified by reference to, the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Management’s Discussion and Analysis of Financial Condition and Results of Operations of the International Operations,” and the consolidated financial statements of the international operations and the notes thereto, which are contained elsewhere herein.
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| | Fiscal Year Ended December 31, 2012 | | | Fiscal Year Ended December 31, 2011 | |
| | (In millions) | |
Operating Data: | | | | | | | | |
Revenue | | | | | | | | |
Finance charge income | | $ | 1,599 | | | $ | 1,717 | |
Other revenue | | | 250 | | | | 272 | |
| | | | | | | | |
| | | 1,849 | | | | 1,989 | |
| | | | | | | | |
Costs and expenses | | | | | | | | |
Operating expenses | | | 403 | | | | 454 | |
Compensation and benefit expenses | | | 153 | | | | 153 | |
Depreciation expense on operating lease assets | | | 38 | | | | 60 | |
Provision for loan losses | | | 86 | | | | 66 | |
Interest expense | | | 757 | | | | 836 | |
| | | | | | | | |
| | | 1,437 | | | | 1,569 | |
| | | | | | | | |
Income before income taxes | | | 412 | | | | 420 | |
Income tax provision | | | 45 | | | | 88 | |
| | | | | | | | |
Net income | | $ | 367 | | | $ | 332 | |
| | | | | | | | |
Comprehensive income | | $ | 414 | | | $ | 143 | |
| | | | | | | | |
Other Data: | | | | | | | | |
Total consumer origination volume | | $ | 6,101 | | | $ | 6,408 | |
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| | Fiscal Year Ended December 31, 2012 | | | Fiscal Year Ended December 31, 2011 | |
| | (Dollars in millions) | |
Portfolio Data: | | | | | | | | |
Finance receivables | | $ | 15,228 | | | $ | 14,175 | |
Average finance receivables | | | 14,476 | | | | 14,197 | |
Average earning assets | | | 15,236 | | | | 14,786 | |
Ending earning assets | | | 16,181 | | | | 14,702 | |
Consumer gross charge-offs | | | 157 | | | | 121 | |
Net consumer credit losses | | | 88 | | | | 56 | |
Consumer finance receivables greater than 60 days delinquent | | | 124 | | | | 101 | |
Ratios: | | | | | | | | |
Consumer net losses as a percentage of average consumer finance receivables | | | 0.9 | % | | | 0.6 | % |
Delinquencies greater than 60 days as a percentage of consumer finance receivables | | | 1.2 | % | | | 1.0 | % |
Debt to equity | | | 3.60 | | | | 3.44 | |
Efficiency ratio(1) | | | 52.7 | % | | | 55.5 | % |
| |
| | December 31, | |
| | 2012 | | | 2011 | |
| | (In millions) | |
Balance Sheet Data: | | | | | | | | |
Cash and cash equivalents | | $ | 888 | | | $ | 447 | |
Finance receivables, net | | | 15,050 | | | | 13,993 | |
Investment in equity method investee | | | 386 | | | | 286 | |
Total assets | | | 18,090 | | | | 16,365 | |
Total debt | | | 12,802 | | | | 11,692 | |
Total liabilities | | | 14,534 | | | | 12,965 | |
Total invested equity | | | 3,556 | | | | 3,400 | |
(1) | Represents the percentage of operating expenses and compensation and benefit expenses to total next revenue. Total net revenue, for the purpose of this computation, represents total revenue less interest expense and depreciation expense on operating lease assets. |
1