Investor Presentaiton
TMCC Financial Performance
Consolidated Income Statement
(USD millions)
Fiscal Year Ended March 31,
2020
2021
Nine Months Ended
December 31, 2021
Total Financing Revenues
12,029
11,799
9,022
less: Interest Expense and Depreciation
add: Other Income
9,654
8,234
5,455
1,255
1,366
997
Net Financing Revenues and Other
3,630
4,931
4,564
Net Income
913
2,017
2,291
Credit Performance
March 31,
2020
2021
Over 60 Days Delinquent (1)
Retail
Lease
Allowance for Credit Losses (1) (2)
Net Credit Losses (1)
0.41%
0.27%
0.34%
0.20%
0.97%
1.47%
As of
December 31, 2021
0.51%
0.28%
1.44%
Fiscal Year Ended March 31,
2020
2021
Nine Months Ended
December 31, 2021
0.44%
0.29%
0.18%
TMCC has adopted Accounting Standard Update "ASU" 2016-13 effective starting April 1, 2020
(1) Percentage of gross earning assets
(2) The quotient of allowance for credit losses divided by the sum of gross finance receivables (finance receivables before allowance for credit losses) plus gross investments in operating leases (investments in operating leases before
allowance for credit losses)
Source: TMCC March 31, 2021 10-K & December 31, 2021 10-Q
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