What does consolidation — payables to nonbank subsidiaries mean?

This metric tracks the elimination of payables owed by the bank or other entities to non-bank subsidiaries. By removing these internal obligations, the consolidated financial statements accurately reflect the group's external liability profile. This adjustment is necessary to prevent the artificial inflation of the balance sheet through internal accounting entries.

Ally Financial ALLY Consolidation — Payables To Nonbank Subsidiaries

Discontinued — last reported Q2 '18

Similar metrics at other companies

RITMLiabilities related to deconsolidated CFEs

$451.8M—

KKRNoncash or Part Noncash, Change In Consolidation, Accrued Expenses, and Other Liabilities

$0-100%

STRLPayments From Deconsolidation, Net Of Cash

$0-100%

STZPayments to Noncontrolling Interests

$0—

BXDue To Non Consolidated Entities

$195.16M-74.7%

KKRPayments to Noncontrolling Interest Consolidated Entities

$1.6B+62.3%

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 ally:PayablesToNonbankSubsidiaries.

The official record: Ally Financial’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — payables to nonbank subsidiaries mean?: This metric tracks the elimination of payables owed by the bank or other entities to non-bank subsidiaries. By removing these internal obligations, the consolidated financial statements accurately reflect the group's external liability profile. This adjustment is necessary to prevent the artificial inflation of the balance sheet through internal accounting entries.