As of or for the year ended December 31, ($ in millions) |
Restated |
||||||||||||||
2006 |
2005 |
2004 |
2003 |
2002 |
|||||||||||
Total financing revenue and other income |
$ |
35,723 |
$ |
32,267 |
$ |
30,193 |
$ |
27,592 |
$ |
24,460 |
|||||
Interest expense |
(15,560 |
) |
(13,106 |
) |
(9,659 |
) |
(7,948 |
) |
(6,299 |
) |
|||||
Provision for credit losses |
(2,000 |
) |
(1,074 |
) |
(1,953 |
) |
(1,721 |
) |
(2,153 |
) |
|||||
Total net financing revenue and other income |
18,163 |
19,087 |
18,581 |
17,923 |
16,008 |
||||||||||
Goodwill and other intangible assets impairment |
(840 |
) |
(712 |
) |
– |
– |
– |
||||||||
Noninterest expense |
(15,095 |
) |
(14,896 |
) |
(14,325 |
) |
(14,053 |
) |
(12,596 |
) |
|||||
Income before income tax expense |
2,228 |
3,479 |
4,256 |
3,870 |
3,412 |
||||||||||
Income tax expense |
(103 |
) |
(1,197 |
) |
(1,362 |
) |
(1,364 |
) |
(1,209 |
) |
|||||
Net income |
$ |
2,125 |
$ |
2,282 |
$ |
2,894 |
$ |
2,506 |
$ |
2,203 |
|||||
Dividends paid to GM |
$ |
9,739 |
$ |
2,500 |
$ |
1,500 |
$ |
1,000 |
$ |
400 |
|||||
Total assets |
$ |
287,439 |
$ |
320,557 |
$ |
324,042 |
$ |
288,019 |
$ |
227,724 |
|||||
Total debt |
$ |
236,985 |
$ |
254,698 |
$ |
268,997 |
$ |
238,760 |
$ |
182,777 |
|||||
Preferred Interests |
$ |
2,195 |
$ |
– |
$ |
– |
$ |
– |
$ |
– |
|||||
Equity |
$ |
14,369 |
$ |
21,685 |
$ |
22,436 |
$ |
20,273 |
$ |
18,152 |
|||||
The selected financial data set forth have been restated to reflect corrections of errors in our consolidated financial statements and other financial information. |
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The nature of the restatement and the effect on the financial statement line items are more fully described in Notes 1 and 24 of the Notes to the Consolidated Financial Statements. This data is an excerpt from Item 6 of our 2006 Annual Report on Form 10-K. |
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