Santander consumer usa holdings inc. (SC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities:
Net income (loss)

994

915

1,172

766

824

725

721

734

Adjustments to reconcile net income to net cash provided by operating activities
Derivative mark to market

-12

6

8

-0

1

9

14

8

Credit loss expense

2,093

2,205

2,363

2,468

2,785

2,521

1,713

1,122

Depreciation and amortization

1,988

1,668

1,403

1,094

821

570

145

187

Accretion of discount

70

158

246

355

362

416

335

-273

Originations and purchases of receivables held for sale

0

1,852

3,624

4,019

5,472

3,936

1,965

0

Proceeds from sales of and collections on receivables held for sale

127

3,143

3,099

3,905

4,662

4,053

1,904

0

Change in revolving personal loans, net

360

371

329

317

107

0

0

-

Investment losses, net

-406

-401

-366

-444

-95

113

41

0

Stock-based compensation

8

7

18

9

10

125

0

0

Deferred tax (benefit) expense

324

267

-360

379

427

617

324

-196

Changes in assets and liabilities:
Accrued interest receivable

1

-23

-9

-5

93

68

108

25

Accounts receivable

1

-10

-82

-5

8

9

8

-

Federal income tax and other taxes

3

3

7

-175

-233

130

363

10

Other assets

16

44

88

55

20

1

17

25

Accrued interest payable

-3

9

2

9

4

2

3

-1

Other liabilities

16

27

50

-58

59

62

150

-61

Due to/from affiliates

17

1

35

15

52

-97

-17

-

Net cash provided by operating activities

5,533

6,244

3,941

4,473

3,909

3,894

2,091

1,442

Cash flows from investing activities:
Originations and purchases of portfolios, and disbursements on finance receivables held for investment

17,115

15,707

10,952

12,333

16,910

-

-

-

Purchases of portfolios of finance receivables held for investment

-

-

-

568

0

16,381

14,748

8,244

Retail installment contracts purchased from other lenders, net of acquired debt and restricted cash

-

-

-

-

-

-

-

76

Collections on finance receivables held for investment

12,312

10,683

10,113

10,295

10,178

9,282

8,134

7,731

Proceeds from sale of loans held for investment

0

0

135

823

2,187

2,823

913

0

Leased vehicles purchased

8,573

9,819

6,007

5,596

5,149

4,482

2,420

0

Manufacturer incentives received

801

1,111

888

1,210

979

895

412

0

Proceeds from sale of leased vehicles

3,426

3,327

2,274

1,548

1,931

465

18

0

Change in revolving personal loans, net

-31

-14

18

93

438

560

911

0

Purchases of available-for-sale securities

85

0

0

-

-

-

-

-

Proceeds from repayments and maturities of available-for-sale securities

6

0

0

-

-

-

-

-

Unsecured consumer term loans purchased

-

-

-

-

-

-

-

0

Collections on unsecured consumer term loans

-

-

-

-

-

-

-

0

Disbursements for receivables from dealers held for investment

-

-

-

-

-

-

-

18

Collections on receivables from dealers held for investment

-

-

-

-

-

-

-

90

Collections on investments available for sale

-

-

-

-

-

-

91

86

Purchases of furniture and equipment

16

10

16

23

18

19

23

3

Sales of furniture and equipment

0

0

0

1

0

0

0

2

Upfront fee paid to FCA

60

0

0

-

-

-

150

0

Change in restricted cash

-

-

-

-

466

357

273

-379

Other investing activities

0

16

7

8

8

5

6

12

Net cash used in investing activities

-9,272

-10,415

-3,590

-4,742

-7,715

-8,339

-8,961

-64

Cash flows from financing activities:
Proceeds from borrowings and other debt obligations, net of debt issuance costs - $1,835,000 and $1,195,000 from affiliates, respectively

46,381

45,538

41,369

-

-

-

-

-

Payments on borrowings and other debt obligations - $(1,835,000) and $(1,195,000) to affiliates, respectively

42,107

41,845

41,560

-

-

-

-

-

Proceeds from notes payable related to secured structured financings — net of debt issuance costs

-

-

-

13,756

15,232

11,948

10,072

7,999

Payments on notes payable related to secured structured financings

-

-

-

12,941

11,113

9,439

7,845

7,957

Sale of retained bonds

-

-

-

-

-

-

98

0

Payments on TALF loan payable

-

-

-

-

-

-

-

87

Proceeds from unsecured notes payable

-

-

-

4,491

6,150

5,082

4,223

1,680

Payments on unsecured notes payable

-

-

-

4,076

7,390

5,322

3,517

3,295

Proceeds from notes payable

-

-

-

25,256

27,379

25,543

22,954

16,265

Payments on notes payable

-

-

-

25,562

26,554

23,310

18,935

15,232

Proceeds from stock option exercises, gross

4

10

15

8

87

24

48

0

Shares repurchased

337

182

0

0

0

6

-1

0

Dividends paid

291

180

10

0

0

52

290

735

Repayment of employee notes

-

-

-

-

-

-

-

0

Capital contribution from shareholder

-

-

-

-

-

-

-

0

Cash collateral received (paid) on cash flow hedges

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

3,649

3,339

-186

931

3,791

4,467

6,810

-1,361

Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents

-89

-831

164

662

-14

22

-60

16