PACCAR 2012 Annual Report Download - page 31

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Financial Services
The Company’s Financial Services segment accounted for 6% of revenues for both 2012 and 2011.
($ in millions)
Year Ended December 31, 2012 2011 % CHANGE
New loan and lease volume:
U.S. and Canada $ 2,913.1 $ 2,523.1 15
Europe 888.2 933.5 (5)
Mexico and Australia 820.9 604.4 36
$ 4,622.2 $ 4,061.0 14
New loan and lease volume by product:
Loans and finance leases $ 3,660.7 $ 3,117.2 17
Equipment on operating lease 961.5 943.8 2
$ 4,622.2 $ 4,061.0 14
New loan and lease unit volume:
Loans and finance leases 36,100 35,200 3
Equipment on operating lease 9,400 9,500 (1)
45,500 44,700 2
Average earning assets:
U.S. and Canada $ 5,894.6 $ 4,595.0 28
Europe 2,285.1 2,234.9 2
Mexico and Australia 1,556.0 1,445.1 8
$ 9,735.7 $ 8,275.0 18
Average earning assets by product:
Loans and finance leases $ 6,213.2 $ 5,291.0 17
Dealer wholesale financing 1,574.7 1,220.4 29
Equipment on lease and other 1,947.8 1,763.6 10
$ 9,735.7 $ 8,275.0 18
Revenues:
U.S. and Canada $ 592.8 $ 508.6 17
Europe 283.5 313.0 (9)
Mexico and Australia 222.5 207.7 7
$ 1,098.8 $ 1,029.3 7
Revenue by product:
Loans and finance leases $ 392.2 $ 373.2 5
Dealer wholesale financing 61.5 49.9 23
Equipment on lease and other 645.1 606.2 6
$ 1,098.8 $ 1,029.3 7
Income before income taxes $ 307.8 $ 236.4 30
In 2012, new loan and lease volume increased 14% to $4.62 billion from $4.06 billion in 2011, reflecting a higher
average amount financed per unit and a slight unit increase in new loan and lease volume. PFS’s finance market
share on new PACCAR truck sales was 30.6% in 2012 compared to 31.0% in the prior year.
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