Ally Bank 2014 Annual Report Download - page 88

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Table of Contents
Management's Discussion and Analysis
Ally Financial Inc. • Form 10-K
76
The following table presents an analysis of the changes in net financing revenue, volume and rate.
2014 vs 2013
Decrease (Increase)
due to (a)
2013 vs 2012
Decrease (Increase)
due to (a)
Year ended December 31, ($ in millions)Volume
Yield/
rate Total Volume
Yield/
rate Total
Assets
Interest-bearing cash and cash equivalents $ (4) $ 2 $ (2) $ (8) $ (6) $ (14)
Trading assets —— — (5) (5) (10)
Investment securities 11 36 47 57 (19) 38
Loans held-for-sale, net (29) 10 (19) (72) (6) (78)
Finance receivables and loans, net 122 (194) (72) 101 (111) (10)
Investment in operating leases, net 199 (88) 111 381 (147) 234
Total interest-earning assets $ 299 $ (234) $ 65 $ 454 $ (294) $ 160
Liabilities
Interest-bearing deposit liabilities $ 70 $ (60) $ 10 $ 107 $ (98) $ 9
Short-term borrowings 16 (27) (11) 16 (24) (8)
Long-term debt 56 (591) (535) (425) (309) (734)
Total interest-bearing liabilities $ 142 $ (678) $ (536) $ (302) $ (431) $ (733)
Net financing revenue $ 157 $ 444 $ 601 $ 756 $ 137 $ 893
(a) Changes in interest not solely due to volume or yield/rate are allocated in proportion to the absolute dollar amount of change in volume and yield/rate.