Santander consumer usa holdings inc. (SC)
CashFlow / TTM
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)

742

994

952

952

918

915

1,389

1,344

1,273

1,172

656

682

701

766

685

708

789

824

996

939

830

725

711

644

569

721

0

0

0

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

-16

-12

-20

-17

-6

6

14

18

15

8

12

9

7

-0

6

2

9

1

-11

-4

-8

9

9

2

11

14

0

0

0

Credit loss expense

2,450

2,093

2,239

2,270

2,246

2,205

2,113

2,125

2,239

2,363

2,451

2,451

2,443

2,468

2,633

2,746

2,814

2,785

2,626

2,624

2,586

2,521

2,319

2,196

2,063

1,713

0

0

0

Depreciation and amortization

2,094

1,988

1,896

1,843

1,748

1,668

1,601

1,536

1,479

1,403

1,320

1,226

1,166

1,094

1,020

944

870

821

781

731

668

570

434

337

218

145

0

0

0

Accretion of discount

56

70

91

112

137

158

179

203

224

246

268

299

335

355

393

399

399

362

337

351

354

416

985

746

548

335

0

0

0

Originations and purchases of receivables held for sale

-

-

-

-

-

1,852

2,641

3,753

3,825

3,624

3,774

3,286

3,560

4,019

4,680

5,676

6,030

5,472

4,499

3,789

3,389

3,936

0

0

0

-

-

-

-

Proceeds from sales of and collections on receivables held for sale

115

127

202

446

1,629

3,143

3,109

4,241

3,677

3,099

4,477

3,926

3,956

3,905

4,103

4,572

5,047

4,662

3,807

3,370

3,402

4,053

0

0

0

-

-

-

-

Change in revolving personal loans, net

348

360

368

371

370

371

337

323

318

329

-14

86

193

317

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment losses, net

-403

-406

-384

-384

-382

-401

-393

-359

-376

-366

-396

-450

-452

-444

-505

-376

-185

-95

159

168

99

113

0

0

0

-

-

-

-

Stock-based compensation

6

8

8

8

9

7

13

20

20

18

14

9

9

9

6

7

8

10

13

10

8

125

123

122

121

0

0

0

0

Deferred tax (benefit) expense

238

324

293

278

283

267

-375

-350

-381

-360

274

285

353

379

540

591

529

427

786

696

616

617

361

451

367

324

0

0

0

Changes in assets and liabilities:
Accrued interest receivable

42

1

-7

-27

-7

-23

-20

7

7

-9

-3

-29

-43

-5

19

57

88

93

44

45

64

68

117

128

116

108

0

0

0

Accounts receivable

-4

1

1

8

8

-10

-98

-103

-102

-82

7

8

6

-5

-7

-4

1

8

8

6

15

9

13

16

6

8

0

0

0

Federal income tax and other taxes

13

3

-9

-9

-12

3

-13

3

6

7

26

27

-162

-175

-149

-115

143

-233

216

258

-177

130

-164

-147

440

363

0

0

0

Other assets

-37

16

-16

1

71

44

104

141

125

88

85

-5

8

55

31

96

76

20

-21

-18

-0

1

60

25

15

17

0

0

0

Accrued interest payable

-13

-3

0

0

16

9

11

13

-0

2

2

-0

7

9

9

7

5

4

0

3

2

2

0

2

3

3

0

0

0

Other liabilities

-199

16

-141

-88

-8

27

192

214

110

50

19

-24

17

-58

-89

-68

30

59

73

112

-40

62

72

6

190

150

0

0

0

Due to/from affiliates

-

-

-

-

-

1

14

81

-13

35

50

48

76

15

39

30

36

52

-54

-70

-51

-97

0

0

0

-

-

-

-

Net cash provided by operating activities

5,452

5,533

5,374

5,594

5,836

6,244

5,316

5,237

4,361

3,941

5,507

5,372

5,279

4,473

3,901

3,386

3,331

3,909

3,800

3,822

4,285

3,894

3,488

3,263

2,310

2,091

0

0

0

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

17,013

17,115

15,969

15,945

16,495

15,707

14,360

24,925

17,191

10,952

30,551

12,604

13,184

12,333

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of portfolios of finance receivables held for investment

-

-

-

-

-

-

0

0

183

-

369

430

624

568

427

-9,030

-4,891

0

3,876

17,803

17,006

16,381

14,996

15,393

16,568

14,748

0

0

0

Collections on finance receivables held for investment

12,597

12,312

11,855

11,403

11,068

10,683

10,448

10,284

10,152

10,113

10,120

10,187

10,282

10,295

10,289

10,226

10,239

10,178

10,004

9,878

9,555

9,282

8,149

8,525

8,380

8,134

0

0

0

Proceeds from sale of loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

823

1,060

1,720

2,603

2,187

2,380

3,336

2,676

2,823

0

0

0

-

-

-

-

Leased vehicles purchased

8,629

8,573

8,895

9,572

9,676

9,819

8,967

7,730

6,518

6,007

5,690

5,315

5,582

5,596

5,634

5,909

5,636

5,149

4,914

4,555

4,405

4,482

0

0

0

-

-

-

-

Manufacturer incentives received

745

801

969

1,117

1,124

1,111

886

776

773

888

916

982

1,211

1,210

1,261

1,274

1,089

979

951

886

897

895

0

0

0

-

-

-

-

Proceeds from sale of leased vehicles

3,493

3,426

3,338

3,208

3,244

3,327

3,189

2,951

2,606

2,274

2,220

2,125

1,881

1,548

1,342

1,173

1,637

1,931

1,778

1,562

1,041

465

0

0

0

-

-

-

-

Change in revolving personal loans, net

-23

-31

-7

-5

-5

-14

5

-1

22

18

398

313

210

93

-121

49

267

438

580

602

578

560

0

0

0

-

-

-

-

Purchases of available-for-sale securities

53

85

85

85

31

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disbursements for receivables from dealers held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Collections on investments available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

0

0

0

Purchases of furniture and equipment

18

16

11

12

15

10

8

9

10

16

18

16

16

23

23

25

28

18

20

19

16

19

19

23

27

23

0

0

0

Sales of furniture and equipment

0

0

0

0

0

0

0

0

0

0

0

0

1

1

2

2

1

0

0

0

0

0

0

0

0

0

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

460

-224

104

466

398

1,086

840

357

376

515

108

273

0

0

0

Other investing activities

-1

0

5

9

13

16

11

9

8

7

7

7

7

8

5

10

9

8

10

-13

3

5

5

26

9

6

0

0

0

Net cash used in investing activities

-8,907

-9,272

-8,741

-9,906

-10,745

-10,415

-8,784

-6,110

-4,002

-3,590

-3,642

-4,377

-4,144

-4,742

-5,456

-5,713

-6,330

-7,715

-8,383

-8,387

-8,679

-8,339

-7,607

-9,395

-10,730

-8,961

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

12,620

-

16,390

15,142

16,747

13,756

13,054

15,205

14,877

15,232

13,453

12,206

12,271

11,948

12,232

13,471

10,361

10,072

0

0

0

Payments on notes payable related to secured structured financings

-

-

-

-

-

-

0

0

13,448

-

14,449

14,058

13,404

12,941

11,900

11,839

11,508

11,113

10,711

10,277

10,069

9,439

9,176

8,560

8,132

7,845

0

0

0

Proceeds from unsecured notes payable

-

-

-

-

-

-

0

0

2,750

-

3,937

6,216

6,445

4,491

7,398

6,309

6,821

6,150

7,203

6,304

5,032

5,082

4,636

5,345

5,768

4,223

0

0

0

Payments on unsecured notes payable

-

-

-

-

-

-

0

0

998

-

1,993

5,433

5,913

4,076

8,724

7,859

8,436

7,390

7,275

5,575

5,002

5,322

4,679

5,484

4,654

3,517

0

0

0

Proceeds from notes payable

-

-

-

-

-

-

0

0

22,701

-

24,837

23,898

23,217

25,256

22,617

26,537

27,994

27,379

26,162

26,438

25,017

25,543

24,908

24,701

25,730

22,954

0

0

0

Payments on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,935

0

0

0

Payments on notes payable

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Proceeds from stock option exercises, gross

3

4

8

5

8

10

16

16

13

15

10

10

10

8

2

4

79

87

87

96

20

24

0

0

0

-

-

-

-

Shares repurchased

788

337

378

287

200

182

0

0

0

-

-

-

-

-

-

-

-

0

2

1

1

6

0

0

0

-

-

-

-

Dividends paid

295

291

288

284

232

180

119

46

28

10

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contribution from shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by (used in) financing activities

3,453

3,649

3,439

4,238

3,885

3,339

2,723

219

-212

-186

-1,220

-211

-46

931

1,526

2,375

3,014

3,791

4,643

4,533

4,308

4,467

4,135

6,191

8,529

6,810

0

0

0

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

-2

-89

72

-72

-1,023

-831

-744

-653

146

164

644

783

1,089

662

-28

49

15

-14

60

-31

-85

22

16

59

108

-60

0

0

0

Transfer of notes payable between secured and unsecured notes payable

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of retail installment contracts to repossessed vehicles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-