What does noninsurance contracts — deferred revenue mean?

The total value of services owed to customers for which payment has already been collected.

How do you interpret noninsurance contracts — deferred revenue?

An increase suggests strong sales of service contracts, while a decrease may indicate a shrinking base of service agreements or faster contract fulfillment.

How does noninsurance contracts — deferred revenue compare across companies?

Similar to unearned revenue or contract liabilities reported by companies with long-term service or subscription models.

Ally Financial ALLY Noninsurance Contracts — Deferred Revenue

Discontinued — last reported Q4 '18

Similar metrics at other companies

AIZService Contracts And Sales — Contract with customer, liability, unearned revenue

$18.9M+8.6%

ALSNContract With Customer Liability Increase

$10M-28.6%

SIRIContract Liabilities

$93M+12.0%

AIZService Contracts And Sales — Unearned revenue from contracts with customers

$154.4M+5.2%

ATIReportable Legal Entities — Contract With Customer Liability Current

$37.1M—

BBYDeferred revenue — Contract with Customer, Liability, Current

$843M-5.4%

Other financials

Income statement

See full

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

See full

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:ContractWithCustomerLiability.

The official record: Ally Financial’s 10-K, filed February 20, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does noninsurance contracts — deferred revenue mean?: The total value of services owed to customers for which payment has already been collected.
How do you interpret noninsurance contracts — deferred revenue?: An increase suggests strong sales of service contracts, while a decrease may indicate a shrinking base of service agreements or faster contract fulfillment.
How does noninsurance contracts — deferred revenue compare across companies?: Similar to unearned revenue or contract liabilities reported by companies with long-term service or subscription models.