Ally Bank 2011 Annual Report Download - page 214

Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10−K
Financial information for our reportable operating segments is summarized as follows.
Global Automotive Services Mortgage (a)
Year ended December 31,
($ in millions)
North
American
Automotive
Finance
operations
International
Automotive
Finance
operations (b) Insurance operations
Origination
and Servicing
operations
Legacy
Portfolio
and Other
operations
Corporate
and
Other (c) Consolidated (d)
2011
Net financing revenue (loss) $ 3,155 $ 662 $ 93 $ (25) $ 284 $ (1,694) $ 2,475
Other revenue 433 239 1,774 958 2 190 3,596
Total net revenue (loss) 3,588 901 1,867 933 286 (1,504) 6,071
Provision for loan losses 93 65 — 1 149 (89) 219
Other noninterest expense 1,389 626 1,460 1,279 539 492 5,785
Income (loss) from continuing
operations before income tax
expense $ 2,106 $ 210 $ 407 $ (347) $ (402) $ (1,907) $ 67
Total assets $ 96,971 $ 15,505 $ 8,036 $ 23,016 $ 10,890 $ 29,641 $ 184,059
2010
Net financing revenue (loss) $ 3,321 $ 654 $ 98 $ 35 $ 605 $ (2,099) $ 2,614
Other revenue (loss) 690 240 2,142 1,738 260 (42) 5,028
Total net revenue (loss) 4,011 894 2,240 1,773 865 (2,141) 7,642
Provision for loan losses 286 54 — (29) 173 (42) 442
Other noninterest expense 1,381 635 1,678 882 959 526 6,061
Income (loss) from continuing
operations before income tax
expense $ 2,344 $ 205 $ 562 $ 920 $ (267) $ (2,625) $ 1,139
Total assets $ 81,893 $ 15,979 $ 8,789 $ 23,681 $ 13,105 $ 28,561 $ 172,008
2009
Net financing revenue (loss) $ 3,074 $ 707 $ 191 $ 18 $ 632 $ (2,460) $ 2,162
Other revenue (loss) 757 116 1,953 958 (684) 940 4,040
Total net revenue (loss) 3,831 823 2,144 976 (52) (1,520) 6,202
Provision for loan losses 611 230 — 41 4,230 491 5,603
Other noninterest expense 1,596 695 1,823 892 2,023 479 7,508
Income (loss) from continuing
operations before income tax
expense $ 1,624 $ (102) $ 321 $ 43 $ (6,305) $ (2,490) $ (6,909)
Total assets $ 68,282 $ 21,802 $ 10,614 $ 17,914 $ 20,980 $ 32,714 $ 172,306
(a) Represents the ResCap legal entity and the mortgage activities of Ally Bank.
(b) Amounts include intra−segment eliminations between our North American Automotive Finance operations, International Automotive Finance operations, and Insurance operations.
(c) At December 31, 2011, 2010 and 2009, total assets were $1.2 billion, $1.6 billion, and $3.3 billion for the Commercial Finance Group, respectively.
(d) Net financing revenue after the provision for loan losses totaled $2.3 billion, $2.2 billion, and $(3.4) billion in 2011, 2010 and 2009, respectively.
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