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Ally Financial ALLY Automotive Finance Operations — Provision For Loan Losses Expensed

Discontinued — last reported Q1 '22

Similar metrics at other companies

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WALOperating Segments — Provision For Loan Lease And Other Losses
$4.99M-2.1%
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LADROperating Segments — Provision For Loan Losses Expensed
$3M—
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VLYOperating Segments — Provision For Loan Lease And Other Losses
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HBANVehicle Finance — Provision for loan and lease losses
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WALReportable Geographical Components — Provision For Loan Lease And Other Losses
$518K+117%
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RCSmall Business Lending — Provision For Loan Losses Expensed
$4.38M-47.6%

Other financials

Income statement

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Revenue$2.1B+36.4%
Net income$319.0M+242%
EPS (diluted)$0.93+213%

Balance sheet

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Cash & equivalents$11.2B-1.6%
Total debt$22.8B+26.9%
Total equity$15.6B+9.7%
Total assets$197.27B+2.0%

Cash flow

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Operating cash flow$1.4B+45.9%
CapEx-—
Free cash flow$1.1B-2.9%

Valuation

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Market cap$13.94B+7.8%
Enterprise value$25.47B+33.3%
P/E10×-33.1×
P/S1.7×0.0×

Profitability

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Net margin16.5%+12.6pp
FCF margin55.3%—

Returns & leverage

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Return on equity9.4%+7.2pp
Debt / equity1.5×+0.2×

Where this comes from

Reported directly by Ally Financial in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLossesExpensed.

The official record: Ally Financial’s 10-Q, filed May 2, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ally Financial's automotive finance operations — provision for loan losses expensed?
Ally Financial (ALLY) reported automotive finance operations — provision for loan losses expensed of $104M in Q1 2022.
What does automotive finance operations — provision for loan losses expensed mean?
The cost recognized in the current period to cover expected future loan defaults.
How do you interpret automotive finance operations — provision for loan losses expensed?
An increase directly reduces current period earnings, signaling higher perceived risk in the loan portfolio.
How does automotive finance operations — provision for loan losses expensed compare across companies?
Comparable to 'Provision Expense' reported by all commercial and consumer lenders.