Santander consumer usa holdings inc. (SC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities:
Net income (loss)

-3

146

232

368

247

104

231

335

244

577

187

264

143

61

213

283

208

-19

236

364

242

152

179

255

137

139

111

181

288

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

-8

1

-0

-8

-5

-6

2

3

7

1

7

-0

0

4

3

-1

-6

11

0

4

-14

-1

6

1

3

-1

-1

10

6

Credit loss expense

907

545

566

430

550

690

597

406

510

598

609

520

635

685

610

511

660

850

723

579

631

691

721

541

566

490

598

408

217

Depreciation and amortization

578

548

488

478

472

457

435

383

392

389

370

326

317

306

276

266

245

232

199

192

197

192

150

128

99

55

53

10

26

Accretion of discount

13

10

13

19

26

31

35

43

48

52

59

64

69

74

91

99

90

112

97

99

53

87

111

101

116

656

-127

-96

-97

Originations and purchases of receivables held for sale

-

-

-

-

-

62

-46

818

1,019

851

1,064

890

818

1,000

576

1,164

1,277

1,662

1,571

1,518

720

688

862

1,118

1,267

-

-

-

-

Proceeds from sales of and collections on receivables held for sale

24

26

31

33

36

100

276

1,215

1,551

66

1,408

651

973

1,445

856

681

922

1,643

1,324

1,157

537

788

888

1,189

1,187

-

-

-

-

Change in revolving personal loans, net

-19

216

71

79

-6

223

75

78

-5

189

60

73

5

-153

160

180

129

-

-

-

-

-

-

-

-

-

-

-

-

Investment losses, net

-63

-168

-86

-84

-67

-146

-86

-82

-86

-137

-52

-99

-76

-168

-106

-101

-69

-229

22

89

21

25

31

21

34

-

-

-

-

Stock-based compensation

4

0

0

1

5

0

1

1

4

6

8

2

2

2

3

2

1

-0

3

3

4

2

0

1

121

0

-0

0

0

Deferred tax (benefit) expense

-4

55

79

107

81

25

64

113

64

-617

88

82

86

16

100

150

112

177

151

88

9

536

61

8

10

281

151

-75

-32

Changes in assets and liabilities:
Accrued interest receivable

25

7

4

5

-16

-0

-16

25

-31

2

11

25

-49

8

-13

11

-11

33

23

42

-6

-14

23

62

-2

33

35

49

-10

Accounts receivable

0

0

-4

-0

6

-0

2

-0

-11

-88

-2

0

8

1

-1

-2

-3

-0

1

4

3

-0

-0

13

-2

3

1

3

-0

Federal income tax and other taxes

-1

11

-1

4

-11

-1

-1

1

4

-17

15

3

5

1

16

-185

-7

27

50

73

-384

476

92

-362

-76

181

109

225

-153

Other assets

18

0

-9

-47

73

-32

8

22

46

26

45

5

10

24

-45

20

57

-0

19

0

1

-43

23

18

2

16

-11

7

5

Accrued interest payable

-6

-1

0

-6

4

1

0

10

-2

2

2

-4

1

2

-0

4

3

2

-2

2

1

-0

0

1

1

-2

2

3

0

Other liabilities

-138

71

-54

-77

77

-86

-2

2

113

78

20

-101

53

47

-23

-60

-22

17

-3

39

6

31

35

-113

109

41

-31

71

69

Due to/from affiliates

-

-

-

-

-

-4

-59

69

-4

7

8

-25

45

22

5

3

-15

45

-2

9

-0

-60

-18

28

-45

-

-

-

-

Net cash provided by operating activities

1,395

1,317

1,353

1,386

1,476

1,159

1,573

1,627

1,884

230

1,494

751

1,464

1,796

1,360

658

657

1,225

844

603

1,235

1,115

867

1,066

844

709

642

113

625

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

3,939

4,997

4,097

3,979

4,041

3,851

4,073

4,530

3,253

2,504

14,637

-3,203

-2,985

22,103

-3,309

-2,624

-3,836

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of portfolios of finance receivables held for investment

-

-

-

-

-

-

67

73

43

-

76

0

152

140

137

194

95

0

-9,320

4,333

4,986

3,876

4,605

3,537

4,361

2,491

5,002

4,712

2,541

Collections on finance receivables held for investment

3,294

3,104

3,150

3,048

3,008

2,648

2,697

2,713

2,624

2,412

2,533

2,582

2,585

2,420

2,599

2,678

2,598

2,413

2,536

2,690

2,537

2,240

2,410

2,367

2,264

1,107

2,786

2,221

2,019

Proceeds from sale of loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

823

237

659

882

407

430

1,616

222

554

-

-

-

-

Leased vehicles purchased

2,030

1,818

2,236

2,542

1,975

2,141

2,913

2,646

2,118

1,289

1,675

1,434

1,608

972

1,300

1,701

1,622

1,010

1,575

1,428

1,135

776

1,215

1,278

1,212

-

-

-

-

Manufacturer incentives received

170

158

192

223

227

325

340

230

215

101

230

226

330

129

295

455

329

179

308

271

219

151

244

282

217

-

-

-

-

Proceeds from sale of leased vehicles

941

693

892

965

875

604

762

1,002

957

466

525

656

625

412

430

412

292

207

261

876

586

53

45

356

10

-

-

-

-

Change in revolving personal loans, net

-28

32

-13

-13

-36

56

-11

-14

-45

76

-18

9

-49

455

-102

-93

-166

241

68

124

4

382

90

100

-13

-

-

-

-

Purchases of available-for-sale securities

0

0

0

53

31

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disbursements for receivables from dealers held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

107

83

Collections on investments available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

56

16

17

Purchases of furniture and equipment

7

7

1

1

5

3

2

3

1

1

3

4

7

3

1

3

14

3

4

6

4

5

2

4

7

5

6

8

2

Sales of furniture and equipment

0

0

-0

0

0

-0

0

0

0

-0

0

-0

0

-0

0

0

1

0

0

0

0

0

-0

0

0

-0

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

69

404

-0

-698

398

766

-68

-10

153

282

-49

129

-253

446

Other investing activities

0

0

0

-1

1

5

3

2

3

1

1

2

1

1

1

1

2

-0

6

1

1

1

-18

18

4

1

1

1

1

Net cash used in investing activities

-1,542

-2,825

-2,083

-2,456

-1,906

-2,294

-3,248

-3,295

-1,577

-663

-574

-1,187

-1,165

-715

-1,308

-954

-1,763

-1,430

-1,564

-1,572

-3,148

-2,098

-1,568

-1,864

-2,807

-1,366

-3,356

-3,200

-1,038

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

11,374

-

-

-

9,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

10,357

-

-

-

8,989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

4,218

4,963

3,687

-

2,936

3,642

5,692

4,118

1,688

5,247

2,702

3,416

3,840

4,918

3,056

1,637

2,592

4,983

2,734

1,921

3,831

1,874

2,444

Payments on notes payable related to secured structured financings

-

-

-

-

-

-

3,661

3,537

3,386

-

3,431

3,567

3,638

3,811

3,039

2,914

3,175

2,769

2,978

2,584

2,780

2,367

2,544

2,376

2,149

2,104

1,929

1,948

1,863

Proceeds from unsecured notes payable

-

-

-

-

-

-

0

0

0

-

650

1,200

4,315

-2,227

2,929

1,428

2,361

680

1,840

1,940

1,690

1,733

940

667

1,740

1,287

1,650

1,091

195

Payments on unsecured notes payable

-

-

-

-

-

-

0

0

0

-

0

998

3,887

-2,892

3,440

1,477

2,050

1,755

2,575

2,055

1,005

1,640

874

1,482

1,325

997

1,680

651

188

Proceeds from notes payable

-

-

-

-

-

-

6,118

6,265

7,795

-

4,086

6,608

4,772

9,370

3,147

5,927

6,810

6,731

7,068

7,384

6,195

5,514

7,344

5,963

6,721

4,879

7,137

6,991

3,945

Payments on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,936

-1

0

-0

Payments on notes payable

-

-

-

-

-

-

5,111

7,079

7,954

-

5,304

6,718

7,105

-

1,339

7,880

5,518

-

6,426

8,710

5,259

-

6,783

6,959

5,662

-

6,238

3,983

4,236

Proceeds from stock option exercises, gross

0

0

2

0

1

4

0

3

2

10

0

0

3

5

0

1

0

0

1

76

9

0

9

1

13

-

-

-

-

Shares repurchased

468

92

141

86

17

132

50

0

0

-

-

-

-

-

-

-

-

-0

0

0

0

0

0

0

5

-

-

-

-

Dividends paid

74

74

76

70

70

71

72

18

18

10

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contribution from shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

48

Net cash provided by (used in) financing activities

474

1,384

642

951

671

1,174

1,441

598

125

557

-1,062

166

151

-476

-53

331

1,129

119

795

970

1,906

971

685

745

2,065

639

2,740

3,083

345

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

327

-123

-88

-118

240

38

-233

-1,069

432

125

-141

-269

450

605

-2

36

23

-85

75

1

-6

-10

-16

-52

102

-16

26

-2

-66

Transfer of notes payable between secured and unsecured notes payable

-

-

-

-

-

-

-

-

-

-

0

375

120

-

260

-399

138

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of retail installment contracts to repossessed vehicles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

412

415

-

378

363

361

-

-

-

-