Ally Bank 2014 Annual Report Download - page 160
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Table of Contents
Notes to Consolidated Financial Statements
Ally Financial Inc. • Form 10-K
148
Financial information for our reportable operating segments is summarized as follows.
Year ended December 31, ($ in millions)
Automotive
Finance
operations
Insurance
operations
Mortgage
operations
Corporate
and Other (a) Consolidated (b)
2014
Net financing revenue (loss) $ 3,321 $ 56 $ 43 $ (45) $ 3,375
Other revenue (loss) 264 1,129 17 (134) 1,276
Total net revenue (loss) 3,585 1,185 60 (179) 4,651
Provision for loan losses 542 — (69) (16) 457
Total noninterest expense 1,518 988 67 375 2,948
Income (loss) from continuing operations before
income tax expense $ 1,525 $ 197 $ 62 $ (538) $ 1,246
Total assets $ 113,188 $ 7,190 $ 7,884 $ 23,566 $ 151,828
2013
Net financing revenue (loss) $ 3,159 $ 57 $ 76 $ (513) $ 2,779
Other revenue 268 1,196 — 20 1,484
Total net revenue (loss) 3,427 1,253 76 (493) 4,263
Provision for loan losses 494 — 13 (6) 501
Total noninterest expense 1,662 999 321 423 3,405
Income (loss) from continuing operations before
income tax expense $ 1,271 $ 254 $ (258) $ (910) $ 357
Total assets $ 109,312 $ 7,124 $ 8,168 $ 26,563 $ 151,167
2012
Net financing revenue (loss) $ 2,827 $ 64 $ 149 $ (1,149) $ 1,891
Other revenue (loss) 322 1,150 1,159 (57) 2,574
Total net revenue (loss) 3,149 1,214 1,308 (1,206) 4,465
Provision for loan losses 253 — 86 (10) 329
Total noninterest expense 1,507 1,054 627 434 3,622
Income (loss) from continuing operations before
income tax expense $ 1,389 $ 160 $ 595 $ (1,630) $ 514
Total assets $ 128,411 $ 8,439 $ 14,744 $ 30,753 $ 182,347
(a) Total assets for Corporate Finance were $1.9 billion, $1.6 billion, and $1.5 billion at December 31, 2014, 2013 and 2012, respectively.
(b) Net financing revenue after the provision for loan losses totaled $2.9 billion, $2.3 billion, and $1.6 billion for the years ended December 31, 2014, 2013,
and 2012, respectively.